1971 — Nixon ends the gold standard
1971 — US debt explodes
1971 — Wages stop keeping up with prices
1971 — Dollar = Debt
1971 — Petrodollar born
1971 — Families forced into 2 incomes
1971 — Women pushed to work (“liberation”)
1971 didn’t change money.
It broke it.
A thread 🧵
Until 1971, every US dollar was backed by gold.
You held money, you held value.
In August 1971, President Nixon ended the gold standard.
From that day on, the dollar became worth less & less.
The US could print unlimited money.
Your savings?
Instantly worth less.
Once gold standard was gone,
the government could print unlimited money.
Debt exploded.
US debt was $400B in 1971.
Today it’s $34 TRILLION.
That’s not growth.
That’s theft paid by you through inflation + taxes.
And every printed dollar stole value from the one in your pocket.