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Message
re: WTFrick 1971: THE Smoking Gun Year that the plug got pulled on Peak America + The Dream
Posted on 6/3/24 at 11:31 am to ItNeverRains
Posted on 6/3/24 at 11:31 am to ItNeverRains
quote:
1965 Immigration & Nationality Act.
/thread
1965 also was the Medicare Act that insanely ramped up demand for medical care and set us on a course for massive inflation in medical costs.
1
Posted on 6/3/24 at 11:41 am to Liberator
quote:
Nixon and PTB hadn't pulled the plug on the Gold Standard, you have to wonder how long America would have been Peaking.
Going off the gold standard has already happened de facto. Our national debt was more than the value of our gold reserves.
Nixon simply dropped the pretense of being on the gold standard.
Posted on 6/3/24 at 4:41 pm to Liberator
Additional metrics and graphs that suggest 1971 was the Smoking Gun of Peak 'Murica.
Look how much more cohesive we were ideologically.
Position-wise, not much actually separated D vs R :
Here's an odd but amazing graph on politicians' use of "simple language" to communicate with the people. IOW, they respected their constituency (by NOT gaslighting us weasel words in 1971):
Education costs escalated through the roof per student after 1971 as students learned LESS and LESS (while more classroom time became focused more on a "social studies" agenda)
>
EPIDEMIC OF LAWYERS AFTER 1971!! (Lawsuits over petty BS did their part in helping destroy America)
Jail Rate escalated after 1971 (correlation with far more attorneys needing make a living??)
Foreign-Born Pop at the LOWEST in @1971:
Divorces skyrocket suddenly:
LINK
Heathcare costs: Obviously NOT bankrupting anybody:
Look how much more cohesive we were ideologically.
Position-wise, not much actually separated D vs R :
Here's an odd but amazing graph on politicians' use of "simple language" to communicate with the people. IOW, they respected their constituency (by NOT gaslighting us weasel words in 1971):
Education costs escalated through the roof per student after 1971 as students learned LESS and LESS (while more classroom time became focused more on a "social studies" agenda)
> EPIDEMIC OF LAWYERS AFTER 1971!! (Lawsuits over petty BS did their part in helping destroy America)
Jail Rate escalated after 1971 (correlation with far more attorneys needing make a living??)
Foreign-Born Pop at the LOWEST in @1971:
Divorces skyrocket suddenly:
LINK
Heathcare costs: Obviously NOT bankrupting anybody:
Posted on 6/3/24 at 4:50 pm to POTUS2024
quote:
1965 also was the Medicare Act that insanely ramped up demand for medical care and set us on a course for massive inflation in medical costs.
Yup. So between that Medicare Act and Immigration Act and LBJ's "Great Society" /"War on Poverty" Act (which helped destroy the black community), he, Teddy, Johnson and the Elites really screwed us with a trifecta of policy-sabotage.
These insane policies on top of the end of the Gold Standard and our goose was timed-out to be cooked after 1971.
Posted on 6/3/24 at 4:52 pm to ChineseBandit58
quote:
when we went off the gold standard??
Posted on 6/3/24 at 5:02 pm to POTUS2024
quote:
Here are some points:
- it appears every time there's a crash of some sort, wealth inequality increases.
There was a crash around 1907 that led to us getting the Fed in 1913. Great Depression. Hard times with the oil crisis and so forth, and you see an inflection beginning around 1980. Then 2008. Crash and crisis lead to more inequality.
Yes, exactly. Crashes & Crises lead to more in-equality AND instability across the board....
quote:
- The rich are always in a place to benefit from crisis... - Something a lot of the crashes have in common is the intervention by government or, conversely, the failure by government to do the things it was set up to do, like the failure of the Fed during the Great Depression. Sometimes you have to wonder how much of that is intentional.
Exactamundo. With these Financial Resets, the wealth of Elites increases (I can't believe either 1907 or 1980 or 2008 OR 2022 is not by design and yes, INTENTIONAL.)
The reason 1971 was Peak was exactly (as seen by one of the graphs) that at no time did the Elite own less than the American middle class was living it up and finally comfortable, family-stable, and economically even-handed across the board, across America.
The Elites / Old Money HATE when the Middle Class move on up to the East Side and get all uppity by finally getting a piece of the pie or moving into their neighborhood.
Posted on 6/3/24 at 6:18 pm to Liberator
quote:
the end of the Bretton Woods System...
WTF? Bretton Woods didn't end in 1971. In fact, Nixon lured China away from the Soviets and into our sphere of influence in 1972.
Posted on 6/5/24 at 8:01 pm to Tantal
It was replaced by petro dollar.
Posted on 6/5/24 at 8:15 pm to Liberator
Other than for purely nostalgic reasons or special circumstances, if anyone says they would rather go back in time and start living in 1971 than live now, they're lying.
Life is so much more comfortable now than it was then for pretty much anybody in the US who isn't homeless, it's a no-brainer.
Half the stuff in your post is irrelevant. The "wealth gap" is completely irrelevant. It literally doesn't make one bit of difference to my life how much money Bill Gates has.
And the myth that the middle class is shrinking is nothing more than a trick of statistics designed to move the goalposts, just like always happens with metrics that politicians use to justify policies.
The Exaggerated Death of the Middle Class
From the link:
But I get it. Populism demands doomsday predictions, conspiracy theories, and always produces disproportionate levels of discontent. I have no illusions that facts will make any difference to anyone here.
Life is so much more comfortable now than it was then for pretty much anybody in the US who isn't homeless, it's a no-brainer.
Half the stuff in your post is irrelevant. The "wealth gap" is completely irrelevant. It literally doesn't make one bit of difference to my life how much money Bill Gates has.
And the myth that the middle class is shrinking is nothing more than a trick of statistics designed to move the goalposts, just like always happens with metrics that politicians use to justify policies.
The Exaggerated Death of the Middle Class
From the link:
quote:
But there are three reasons why even the Census Bureau figures are deceiving. The size of U.S. households, which has been declining, is not taken into account. The figures ignore the net impact on income of government taxes and non-cash transfers like food stamps and health insurance, which benefit the poor and middle class much more than richer households, and the value of health insurance provided by employers is also left out.
Burkhauser and his colleagues show that if these factors are taken into account, the incomes of the bottom fifth of households actually increased by 26 percent, rather than declining by 33 percent. Those of the middle fifth increased by 37 percent, rather than by only 2 percent. There is no disappearing middle class in these data; nor can household income, even at the bottom, be characterized as stagnant, let alone declining. Even after 2000, estimates from the Congressional Budget Office (CBO) show the bottom 60 percent of households got 10 percent richer by 2009, the most recent year available.
But I get it. Populism demands doomsday predictions, conspiracy theories, and always produces disproportionate levels of discontent. I have no illusions that facts will make any difference to anyone here.
Posted on 6/5/24 at 10:14 pm to Liberator
I don't disagree with any of that having lived it.
Posted on 6/5/24 at 10:17 pm to ChineseBandit58
quote:
is that about when we went off the gold standard??
Yup.
Creation of the Federal Reserve and coming off the gold standard are the two biggest mistakes in US history. Pretty much every problem our nation has can be traced to those two “events”.
Posted on 6/5/24 at 10:22 pm to wackatimesthree
quote:claims “the myth that the middle class is shrinking is nothing more than a trick of statistics designed to move the goalposts”
wackatimesthree
posts article from 12 years ago as “proof”
Posted on 6/6/24 at 10:23 pm to FearlessFreep
quote:
posts article from 12 years ago as “proof”
Yes, since the claim is that the middle class started disappearing after 1971.
Is it your contention that the middle class only started to disappear after 2012?
If not, then shut your moron mouth, please. The adults are talking.
EDIT: I almost mentioned the date of the article, then I thought, "Surely not even here will someone not be able to figure out that in a claimed cycle of 53 years, showing a data point 41 years into the cycle is plenty far enough into the cycle to make the point."
But this board always surprises me with just how unintelligent some people who post here can be.
This post was edited on 6/6/24 at 10:29 pm
Posted on 6/6/24 at 11:01 pm to wackatimesthree
quote:salty
If not, then shut your moron mouth, please. The adults are talking
quote:like pretending a contention made 12 years ago citing data from prior to the 2008 financial crisis is still relevant
But this board always surprises me with just how unintelligent some people who post here can be.
Posted on 6/7/24 at 9:55 am to wackatimesthree
quote:
the claim is that the middle class started disappearing after 1971.
Did you even examine the graphs and metrics? There are a ton of them.
One major "Claim" = Statistical Evidence that 1971 was indeed "Peak America".
What made it "Peak America" (as concluded from the avalanche of economic, social & policy factors /metrics / graphs) :
An American Middle Class that had collectively widened across the board and finally attained "The American Dream". 1971 reveals the 1% had lost / relinquished their exclusive stranglehold on wealth, which had now spread TO the Middle Class.
Another major "Claim" (again based on the overwhelming statistical evidence):
From 1971 on forward, a number of factors conspired not only to demo the Middle Class and prevent its growth. What were they?
-- Gold Standard replaced by Petro Dollar
-- Runaway Inflation begins
-- Divisive TV programming begins
-- "Social Consciousnesses" agenda & culture in Media, Entertainment & Schools that begin creating division and "tolerance" by race, color, creed, class culture begins
-- Divorce Sky-Rockets, creating economic & family breakdowns begin
-- For the first time since WW2 American "Middle Class" shrinkage begins
-- (coincidentally) The Elite1% starts to re-store & re-claim their original ratio of total wealth in America
-- Federal OVER-Regulation & a monstrous LEVIATHAN-Bureaucracy immediately begins, resulting in kneecapped American businesses, further escalating runaway Inflation (which again, knocks the Middle Class back down the rungs of the economic ladder)
quote:
Is it your contention that the middle class only started to disappear after 2012?
If not, then shut your moron mouth, please. The adults are talking.
HUH?? You appear to be the one licking the window from the outside in.
quote:
this board always surprises me with just how unintelligent some people who post here can be.
That it does...
So kindly arise and move waaaaay to the back of the class. WAIT...
Just pick up your (D) Commie-manifesto, GED and Starbucks cappuccino and leave the building. Thank you. (Now where were we?)
Posted on 6/7/24 at 9:57 am to FearlessFreep
quote:
quote:
wackatimesthree
claims “the myth that the middle class is shrinking is nothing more than a trick of statistics designed to move the goalposts”
posts article from 12 years ago as “proof”
Posted on 6/7/24 at 9:59 am to Liberator
The Cowboys won their first Super Bowl that season and America went to shite afterwards. Makes sense.
Posted on 6/7/24 at 10:09 am to VADawg
"America's Team" win their first SB.
Overlords, 1971:
"Can't have it happen again. SHUT IT DOWN".
Overlords, 1990s (looking at calendar):
"Ok, one of ours, Bubba, is Prez. We can let "America's Team" win the SB again."
;-)
Overlords, 1971:
"Can't have it happen again. SHUT IT DOWN".
Overlords, 1990s (looking at calendar):
"Ok, one of ours, Bubba, is Prez. We can let "America's Team" win the SB again."
;-)
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