Most stackers are already aware of the WTF Happened in 1971 website which suggests that a wide array of societal ills can be traced back to the year the US suspended convertibility of dollars to gold.
What I’m curious about is what were the factors that got the US into such a bad position that they felt the need to suspend the dollar’s convertibility in the first place?
Can we isolate the actual events in the years and decades leading up to 1971 that led to the 1971 outcome?
Was there one big mistake America made or many small ones that compounded?
I suspect those events will tell us more about what to avoid than the actual events of August 5th 1971.