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[–] Dr_Shekel_Nigger 0 points 4 points (+4|-0) ago 

There was a LOT more that happened in the 70's than this. The ending of dollar's convertibility to gold/end of breton woods system, USA's then-peak oil production and the six day war and yom kippur war and the oil embargo/flexing of opec's muscles, nixon's allowing china to engage in global and US trade, and much more. And I usually HATE these kind of long ass videos that drone on before getting to the point

BUT, the video does absolutely have a big and valid point and I'm glad I watched