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179

Are gas lines and rationing in the near future? how did we get here? "the inflationary set up in the 70s then deteriorated thanks to the suspension of the dollar’s convertibility into gold in 1971. given that virtually every other currency was fixed to the dollar at the time, we quickly moved from a world of gold-based money to one where fiat money was in control."

Are gas lines and rationing in the near future? how did we get here? "the inflationary set up in the 70s then deteriorated thanks to the suspension of the dollar’s convertibility into gold in 1971. given that virtually every other currency was fixed to the dollar at the time, we quickly moved from a world of gold-based money to one where fiat money was in control."

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[–] 0 pt

I wonder how high prices will have to go before Americans start getting pissed off openly?