/biz/ - Business & Finance

>>59486933
Nixon

>>59486933
End of the gold standard.

>>59486933
Make a log chart and you see it started at 1933, and then look who took power back then.

>>59486933
Ended the gold standard for the dollar

Loooool don’t you know about Nixon’s war on tomatoes!? The CIA were napalming tomato fields all across Central America to create a supply shock. Heinz Ketchup was the SINGLe LARGEST LOBBY funding the Nixon/Agnew campaign. The state of zoomer newfags on this board…

>>59486951
>>59486957

This. Nixon let the dollar become toilet paper to pay for ‘nam .

Money started carrying less information.

>>59486951
>>59486957
>>59486972
They use extremely popular politicians to reset situations.
Nixon won a landslide, they used him, and then framed him to get rid of him once the deed was done.
He loved America, but even as an FBI asshole himself had no clue what he was in for when he became president.

But yes, money is fake since that point.

>>59486958
>THE JOOOOOOZ

Stfu

>>59487008
Roosevelt was a Jew?
I think you are the one obsessed here.

>>59486958
>ID: O My S0ROS

>>59487008
Meds

>>59486958
It actually goes back to 1776. America was a mistake.

>>59486958
>Make a log chart and you see it started at 1933, and then look who took power back then.
UK stopped redeeming bank notes for silver in 1931

>>59487008
Hello Rabbi

>>59487055
>Roosevelt was a Jew?
He was a faggot, close enough.
>t. Elanor's bull

Funny you should ask.
https://wtfhappenedin1971.com/

>https://wtfhappenedin1971.com/

>>59486933
If they never got off the gold standard do you guys think Silicon valley and this new AI revolution would be taking place now? I don't think gold backed debt could keep up.

>>59486933
oil crisis

>>59489001
I believe that was noted as a problem too. It's hard to grow when you depend on a readily available metal reserve that can be slowly ripped out of your country. The metal backed currency mechanism doesn't really let an economy expand.

>>59486933
End of Bretton Woods system

>>59487055
Yes actually and he worked in the same building with all the wealthiest ones before becoming president too
Bernard Baruch was the banker who owned FDR

>>59486933
women entered the workforce and end of the gold standard

>What the FUCK happened in the early 1970s?
Long store kind of short, pants on head retarded US fiscal policy was combined with a pliant Federal Reserve which didnt take the necessary steps to combat burgeoning inflation in the 1960s
You almost hear the bad inflation in the 20th century associated with the 70s, which is true, thats when it peaked, but it really began and could have been nipped in the bud in the 1960s
So fiscal policy and monetary policy were completely out of whack, and then there was the black swan event, what economists call an exogenous shock, the oil crisis, supply of petrochemicals was severely curtailed by the Gulf states and then an inflationary spiral happened
Getting into the weeds its actually much more complicated those are the highlights
If you really want to learn more on this read Free to Choose by Milton Friedman

>>59486957
They tried to resist, but then the gold in the grand canyons was disclosed. It would of caused hyperinflation. The canyons had 3 times more gold then the global supply at the time. Many countries thought america was printing more paper gold then it had, this wasn't the case.

>>59486951
>>59486957
>>59486963
>>59486972
>>59486988
These people are idiots, leaving the gold standard had nothing to do with the inflation of the 60s and 70s
https://www.stlouisfed.org/timely-topics/the-gold-standard/videos/part-2-gold-standard-and-inflation
>The question is, if under a gold standard these devaluations never occur, the answer is false. Remember that a gold standard is also not immune to government manipulation. Under a gold standard, remember, the government simply gets to choose the definition of a dollar. So, a government can lower the purchasing power of a dollar bill by simply making it worth less gold.

>>59489954

>>59486933
Big Tomato shrunk the tomatoes

>>59489959
Those are German words dumbass

>>59486933
Unironically just put more water in the soup mix, put less soup mix in and make the can thicker instead of shrinking it and Wallah!- a very gay and jewish way to fuck people out of 30 cents, while saving yourself pennies because corporations are just that faggoty.

>>59489954
>paper money
Silver and gold (mixed with shit probably) coins or heads start to roll.

You don't want to be the one hearing cheers as the guillotine drops. Could you imagine? People cheering as you die. Embarrassing.

>>59486967
Senator Heinz was unironically assassinated in the 1990s because the Bush and Clinton families feared he would successfully win the presidency as an independently wealthy moderate republican from pennsylvania.

Heinz was President Trump's second cousin.

>>59486957
This.

>>59486951
It wasn't really his fault, he was just the one who was forced to make the public face reality. The debt piled up under Kennedy and Johnson, mostly.

>>59486933

>return to "normal"

>>59486933
>got off the gold standard
>women started entering the workforce
>cracked into China for cheap labor

>>59486963
>>59486933
>>59486957
Coincidentally, it caused the birth of insane stock market and asset speculation leading to the easiest time in human history to invest and become rich. Gold mooned, everything mooned, you had 15 years to buy Bitcoin. Nixon was based. Money was always fake anyway.

>>59489954
>So, a government can lower the purchasing power of a dollar bill by simply making it worth less gold.
Zero gold for instance