[–] 20371443? 0 points 5 points 5 points (+5|-0) ago (edited ago)
Bretton woods had nothing to do with real income growth.
It was dumping the women onto the workforce. You had roughly double the warm bodies to do roughly the same amount of work.
Or as an economist would put it:
Increasing Supply while holding demand constant will cause deflation.
In this case the deflation was in worker’s compensation.
The only reason the most retarded house plant can’t see it is because of the inflationary pressures of fiat money. If we had stayed on the gold standard wages would have LITERALLY gone down. But with fake money only buying power went down while the number of dollars floated higher.
This was the roll-over of the old currency by the FED to the new currency by the FED. JFK tried to shift this and go to a partial silver standard but failed... obviously. The 'Nam war was faked up so that they could cover the currency reset and ints inevietable issues. We are in another period like this NOW. It has been trying hard-core to reset since 2008 and has been stopped to make the first nigger president look good and let the war start under Hillary Clinton's presidency/World War 3. This was their plan and we went and chucked Donald Trump into the gears and fucked it all up. It appears this was part of a larger plan. We played a part unknowingly and now are balls deep in an economic reset and most people don't even know, like ALWAYS. Its so frustrating. I hate public school.
[–] 20370503? 0 points 14 points 14 points (+14|-0) ago
Bretton Woods system was ended. Effectively taking the whole world off what was left of the gold standard.
https://en.wikipedia.org/wiki/Bretton_Woods_system
We have been getting jewed harder and harder ever since then.
[–] 20370933? 0 points 9 points 9 points (+9|-0) ago
Feminism won't have helped either..... increased the workforce which supressed wages, which made it harder to raise a family on one wage, which resulted in women pretty much having to work whether they wanted to or not, which incresed the workforce even more
[–] 20372890? 0 points 2 points 2 points (+2|-0) ago
Immigration act of 1965 hurt more than feminism. Now if you strike they just import your replacement.
[–] 20371877? 0 points 3 points 3 points (+3|-0) ago
Yeah, the bankers really started printing funny money once the currency was no longer convertible to gold. I believe at the time Nixon said it was temporary.