What happened here?
this post was submitted on 08 Feb 2025
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Ended gold standard in 1971
Lol, sure bud
That was my answer too! Gold itself isn't better than fiat, but it's definitely true that the end of Bretton Woods facilitates the export of finance capital because they can literally just keep printing more money, which is exactly what happened.
That was a piece of the whole pegging the entire planet to the dollar and ensuring global dollar hegemony, but it was just another effect of that and not the cause of what's seen in the graph, right? Either way the ditching the gold standard is not what conspiracy-chuds and many libertarians think it is.
Disney World opened in Florida
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