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31 sats \ 2 replies \ @AyCaramba OP 31 Aug 2023 \ parent \ on: People in the US are getting poorer since 1963 (housing data shows). bitcoin
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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0 sats \ 1 reply \ @danieltapa 1 Sep 2023
yes but Nixon said it's only temporarily, right? anytime now we're back to gold!
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0 sats \ 0 replies \ @AyCaramba OP 1 Sep 2023
Hahahaha absolutely!
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