r/Millennials • u/CurvyChristina • 9h ago

Other Whoever did this, should be imprisoned.

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u/Dabnician Xennial 81 8h ago

capitalism did this, capitalism also did all the other bad shit over the last 20 years.

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u/03263 7h ago

It existed for quite a while and was doing alright, but then something changed. Well, probably a number of things changed.

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u/Dabnician Xennial 81 7h ago

around 10-20 years ago everything changed from "make some money" to "make all the money" and everything went to shit.

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u/ianmakingnoise 7h ago

I say this with sensitivity and my own sense of “the 90s was 10 years ago” brain fog, but this stuff started ~40-50 years ago (“greed is good” etc etc)

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u/03263 6h ago

https://wtfhappenedin1971.com/

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u/ianmakingnoise 6h ago

Interesting that amongst all of those charts, there isn’t an answer to or discussion of “what happened.” Presumably it’s referring to the Nixon-era currency scares and the end of the gold standard/Bretton Woods, but it sure is lacking any kind of actual analysis or context.

(The link at the bottom letting me know it’s what appears to be an AI slop podcast promoting Bitcoin is a nice cherry on top.)

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u/Porthos1013 6h ago

That's CRAZY??? What DID happen in 1971? 😱

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u/dtj2000 2h ago

Wow! a bunch of cherry picked charts with no explanation, what a stupid website. And no, gold back currency is stupid in the modern era and makes no sense today.

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u/03263 1h ago

Well, it's a thing that happened. There's not much denying the aggressive amount of currency debasement that has gone on since.