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1971- The Year That Everything Changed

Posted by freedomforall 1 month ago to History
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The year 1971 saw the trajectories of nearly every major trend relative to our way of life shift massively.

That year is such a noticeable inflection point in so many data sets, that an intriguing website WTFHappenedIn1971.com has been created to drive the point home.

The website is a parade of data series visually showing how the world changed that year.
SOURCE URL: https://www.peakprosperity.com/1971-the-year-that-changed-everything/


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    Posted by $ Olduglycarl 1 month ago
    As I read, I thought of the abandonment of the Gold back dollar...so our venture into fiat money didn't start out so good and has been downhill from there.
    Interesting the changes in the culture at the same time, as if God said: Ok boys, you're on your own now.

    The WTF guys are bullish on bitcoin and yes it would help to create sound money but my feeling is that "money" should remain physical.
    digital...scares the hell out of me...the block chain goes down, the servers blow up...it's all lost in smoke just as surely if you put fire to the $$'s in your wallet.
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  • Posted by $ WilliamShipley 1 month ago
    I place the philosophical change at Earth Day, April 22, 1970 -- wherein we turned away from the Moon, Nuclear Power, technology and growth in favor of the pseudo-science of environmentalism.

    Lots of things happened around then, Johnson's great society, the Vietnam war, etc., But the the big change in thinking that I remember was the shift to environmentalism and the anti-population thinking of ZPG.
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    • Posted by TheOldMan 1 month ago
      Not all of environmentalism is pseudo-science. I recall the brown skies, filthy rivers of the late 60s. IMO the problem comes when the initial problems have been (or are on their way to being) solved, for example getting rid of leaded gasoline, using catalytic converters. The bureaucracy casts about for a new reason to continue and we end up with an EPA that defines waterways as areas that get wet when it rains.
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      • Posted by $ WilliamShipley 1 month ago
        Environmentalism as science is a real thing. Environmentalism as a religious sect tends to advocate things that are not environmentally sound -- such as not managing our forests here in California, closing the nuclear power plants and filling the countryside with windmills.
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        • Posted by TheOldMan 1 month ago
          Diablo shuts down in a few years but what's 2.2Gw amongst friends? Just toss up some windmills and solar panels to make up for the lost 24/7/365 baseline power. What could possibly go wrong? Fuhrer Nuisance declares no more new IC cars after 2035. Hmm...wonder how all that electricity to charge cars will be produced. Back to smoky air in Silly Valley today.
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        • Posted by $ WilliamShipley 1 month ago
          Obviously someone had an issue with my statement, please feel free to comment rather than simply down-vote it -- or in addition to the down-vote, I don't really care. The point is to have a dialog.
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        • Posted by $ Stormi 1 month ago
          Absolutley. We lost our way when Gorbachev put it in US Schools as a religion, around this same time. Politticians began to mingle pollution with environment as reasons for climate change. That is when science got lost. When science was corrupted, so too was reason lost.
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      • Posted by teri-amborn 1 month ago
        Typical government beaurocracy:
        Create issues that don't exist in order to solve the problems that the government just created out of thin air.

        Ronald Reagan said:
        The nine most frightening words in the English language are:
        "I'm from the government and I'm here to help."

        Once the problems are under control the beaurocracy should exist minimally only to educate and maintain...if even that.
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      • Posted by CaptainKirk 1 month ago
        Agreed, driving by the Rouge River in Detroit you were forced to roll your windows up or risk vomiting in your car, it was horrible. You would never know today. (They increased the speeds on the roads, LOL. Just kidding... They cleaned it up)
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        • Posted by TheOldMan 1 month ago
          Ah a fellow Detroiter! Did you ever take the Ford tour of the RR plant?
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          • Posted by CaptainKirk 1 month ago
            No, our neighbor worked for Chrysler and I loved learning how they made Glass for the windshields.
            I remember learning that there is a piece of Vinyl between 2 pieces of glass, but it's totally invisible to the eye, but it's kinda cloudy when they put it on.

            And FREE HOT DOGS! The good kind! LOL

            I grew up about 30 miles north of Detroit in Faser/Mt. Clemens
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    • Posted by 1 month ago
      The rise of women and the fall of scientific method.
      Hard to tell what is cause and what is effect though. That is lacking in the article. It's just observation.
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      • Posted by $ Olduglycarl 1 month ago
        The other thing I thought of is the underground influence of post modern thoughtlessness but I "don't remember thinking during that time": What the Hell...I'm gona be what ever I will...there ain't no consequences.
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  • Posted by $ Flootus5 4 weeks, 1 day ago
    It is usually a mistake to try and oversimplify such trends to make a big impact of a good point. However, 1971 is pivotal with the advent of total fiat money. The consequences intended or unintended just ripple from there.

    One can follow the undermining of sound money for well over a hundred years. Initially taking silver out of the precious metal backed currency. Ripples of wobbling economies begin in the 1870's, 1890's, and 1907. Then we end up with the Federal Reserve as a forced solution to a government created problem of abandoning a constitutional principle. And a sorry history of decline from there.

    My first visceral experience with this was with the removal of silver in our coinage in 1964. I was 9 years old and knew something was wrong. But I had spent hours with my grandfather pouring over his coin collection with all those decades and decades of silver coinage. So, I proceeded to go to the bank, buy a roll of dimes or quarters, take it home, replace the few remaining silver coins with the new devalued trash, and then go back and trade it for another. I still have all that "junk" silver. And then Silver Certificates were discontinued. Gold has had an analogous trajectory. I had other motives for calling him Tricky Dick.

    All formative in its way. I guess that it is all influential in how I ended up as a gold mining geologist my whole career.
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  • Posted by $ Abaco 1 month ago
    Very interesting. Thanks for sharing. I've always kept at least 5% of my portfolio in GLD as insurance against hyper inflation. This year I increased that three-fold. It's interesting to to me, though, that gold pricing really hasn't been a good indicator of inflation. Real estate has done a much better job of that.
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