WTF Happened In 1971? - Declining standard of living
(wtfhappenedin1971.com)
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US left the gold standard in 1971.
Meh, we really left it in 1933 since it was illegal to actually trade Federal Reserve Notes for gold. 1971 was just a transition point to hyperinflation in the NWOs plan for their End Game.
And to hide hyperinflation we needed outsourcing and lower quality products.
Eighty-nine cents in 1971? Where the fuck did you live? I paid a quarter for my first candy bar in 1980...
No, no they weren't...what kind of gaslighting are you engaged in? Shrinkflation didn't really start in the States until the 2000's...in fact, all conversations about our food was that our portions were too large, and they used that as a cover for rising obesity rates...
Sauce on Candy Bar Size through the years: https://www.candywrapperarchive.com/candy-collector/candy-prices-over-the-years/
Because decreasing portion sizes (the actual candy bar) to maintain the same price is what "shrinkflation" is...Eighty-nine cents for a candy bar in 1971 never happened, anywhere in America...my link shows that...yer lying, for some reason, and it's really weird...
Whatever, you are a liar and a fraud, yer rhetoric got destroyed by data...yer attempred insults are the death throes of a liar getting busted lying...bullshit artist...
The cars certainly went downhill from there. Even the ones that were already in production in 71 became craptastic by '74 and '75.
100% true.
I should mention I base this on the experience of my family. Back then, we were 100% GM - primarily Pontiac and Cadillac.
Between my Dad, Grandfather and Uncle, they owned a string of GTO/Lemans, full size Pontiac Bonnevilles and Safaris (station wagon) and Coupe DeVilles. This had been the case since the mid-50s in my family.
Most of these were redesigned in '71/'72/'73 and stayed in production until '75/'76 with minor changes. The '73s were basically the same quality as late 60s up to that point, in '74 we started to notice severe rusting (NE Ohio) in odd places - like the middle of the roof or the top of the fenders/quarters - we were used to wheel wells and rockers rusting due to the salt, but this was just weird.
Also, a lot of the interior parts, even when carried over from the early 70s, started being made out of cheaper materials and were warping and cracking prematurely, and just felt cheaper. The chromed metal started being replaced with crappier metal or plastic that peeled and discolored prematurely. The engines were detuned and contained more and more hoses and mechanisms to try to meet emissions standards, making them difficult to maintain and almost impossible to troubleshoot and repair. Despite my family having decades of experience with these vehicles, they were often stymied trying to get them to run well - half of them were mechanics either amateur or professional.
Most of these vehicles got redesigned around '76/'77/'78 - sometimes twice. The replacements were a bit better in some ways after the initial teething pains, but then we started having transmissions grenade - even behind V6 models. Lots of quality control issues with drivetrain parts not up to the demands of the vehicles. Suspension components completely rusting out along with the subframes, And the sheet metal got thinner and more prone to rust. The interior cheapness continued, although it was better concealed. Vinyl, which used to last the life of the car in many cases, was replaced by velour which started to wear off in a few years and looked like crap.
By the early 80s, it was a total shit show. The switch to transverse engines/transmissions was a nightmare and they were terribly unreliable, difficult to work on, and it was obvious they were under-engineered. The switch to water-based paints was a disaster with clearcoat peeling off in sheets and then rusting where the basecoat was exposed - and you couldn't keep the clear shiny where it stayed attached.
It was a two fold problem.
One, the Feds demanded extreme pollution standards that tech at the time wasn't ready for so cars had to be made lighter and with more plastic and thinner metals.
Two, the bean counters took over from the engineers and demanded higher profits, quality be damned.
GOOD QUESTION: A number of things....
Excellent charts. Thanks.
Until we stop going down this road and keep printing money (which is a loan from the Fed) or until we loose reserve currency status, our dollar is going down, down. From time we went off gold std., the dollar is worth less then 1 cent: 100% reduction. Reserve currencies usually last only 70 years. Our time is up.
So, now that we stirred the pot with Russia, they are setting up a new reserve currency based on Gold. The rest of the world is joining in.
femnism, degeneracy, drugs, attacks on the family unit, women forced to work to support families too.
The UK changed its currency to a decimal based one in 1971 and what did the traders and stores do? Rounded all the prices up to "level the playing field"
Well, I believe it was in 1974 that High Fructose Corn syrup was invented by a Japanese scientist. Everybody started to get Non-alcoholic fatty liver disease after that crap was injected everywhere. Obesity!
What's the problem? It's been a party since then. But, now it's over and nobody wants to clean it all up.
CA had a big earthquake back in 1971.