Abandon your monetarist goldbug worldview, the gold decoupling and subsequent floating of the international exchange rates are downstream of the actual policy decision that have emiserated the population.

I never said they were directly related, I just wanted to point out that they both occurred in the same year, in 1971.

This needs to be exactly reversed, the poorer you are, the easier it should be to acquire but the more you have the harder it gets. Up until a point where it becomes nearly impossible to go beyond the “capital horizon” some kind of equilibrium state where wealth can lo longer be acquired faster than you lose it.

👏🏻👏🏻👏🏻

Absolutely.

The 80s were already the second decade of the decline after the gold standard was revoked in 1971 and wages became decoupled from productivity. Everything was on a slowly accelerating slide downhill from there, although it took until the 90s for the first people to truly notice things were going sideways.

You want a real economic golden era? Try the 50s and the 60s, where a single wage earner could work a low-end service-level job (selling shoes, for example), and make enough to own a detached SFH, a car in the garage, support a SAH spouse and several children, go on modest vacations every year with at least one more ambitious one every few years, and still have enough left over to save generously for retirement.

Once again we see the Parasite Class playing unethically with the labour/wealth they have stolen from their employees.