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Comment by gorwell | Hacker News Reader

Parasites took over at least since the 70s and are still in power today, extracting everything they can. I think it's reaching a breaking point now.

https://wtfhappenedin1971.com/

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The more interesting story with that site is how many of those charts indicate whatever is going on with the data it's showing happened a decade after or a decade before the date in question, and people just blindly take it as evidence of something happening in 1971.

The historical reference:

> The Nixon shock was a series of economic measures undertaken by United States President Richard Nixon in 1971, in response to increasing inflation, the most significant of which were wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold.

Nixon shock - https://en.wikipedia.org/wiki/Nixon_shock

Nixon and the End of the Bretton Woods System, 1971–1973 - https://history.state.gov/milestones/1969-1976/nixon-shock

Back in my school days, we used to have lots of poems which would often go on to say that money is the biggest trouble of life, or that money is the biggest corrupter of people's minds, or that money is the root cause of all evil. Most of these poems were written before the 20th century. I would often disagree with these poems, naively thinking that one just had to have some sort of self-control when it comes to money. Now I know I was terribly wrong.

Its really saddening to see the the main objective of people is to own a Lamborghini ,a mansion and live with some hoes, just like that "YouTuber guy".

According to the website the solution is....bitcoin?

I don't agree with the website, but I think I know where they are coming from.

The year 1971 was when the US dollar was made to float, instead of being backed by gold. [1]

I think that the website wants to have our monetary system change back to being backed by something that is a limited resource, and I bet Bitcoin fits the bill in their mind.

[1]: https://en.wikipedia.org/wiki/Gold_standard#In_the_United_St...

Edit: punctuation.

Are you saying this because of the quote at the end of the page?

Sugar hasn't gone up much. Harvard is so much more expensive.

Glad they included 3000bc short term interest rates in the graph.

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