WTF happened in 1971?

submitted by magnora7 from wtfhappenedin1971.com

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[–]magnora7[S] 11 insightful - 2 fun11 insightful - 1 fun12 insightful - 2 fun -  (2 children)

Very interesting compilation of graphs showing the development of many serious national financial problems, most of which apparently started exactly in 1971

[–]DffrntDrmmr 7 insightful - 3 fun7 insightful - 2 fun8 insightful - 3 fun -  (1 child)

Interesting.

Also, what the fuck happened in 1981? There's a noticeable change in graph trends during the 80's, too.

Oh, I know what happened. "Voodoo economics," trickle-down theory, "deficits don't matter" — Reaganomics.

[–]bobbobbybob 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I have a vague feeling that the UN started implementing monetary policy ideas around the world. specifically the idea of debt backed money issuance, something that has fucked everyone.