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121 sats \ 3 replies \ @danieltapa 31 Aug 2023 \ on: People in the US are getting poorer since 1963 (housing data shows). bitcoin
wtf happened in 1971?
The US dropped the gold standard. From then on, US money stopped being backed by gold, so the government (the Fed) could print money with no restrictions.
https://en.wikipedia.org/wiki/Nixon_shock
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yes but Nixon said it's only temporarily, right? anytime now we're back to gold!
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Hahahaha absolutely!
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