Loading ...ipso re Nixon severed the remaining link between gold and the dollar and it’s been downhill since. Agreed but he was forced to do it from complaints about giving away our gold t Europe converting exported US Dollars into gold at the official $34 when it was worth $140/oz. So after we stopped the stealing of gold they took away out manufacturing businesses.
treefrog re debasement, agreed I remember the 1960s. I got married at 20 in 1965, I had a new 1963 Pontiac Tempest Lemans, the cousin Vinny car. I was making $1.75/hour plus over time, my rent was $68 a month and my car payment was $68 a month too. Plus wives didn’t have to work.
When I started seeing all those Toyotas and Japanese TV sets coming here, after 1970, I knew the future was going to be bleak.