What the actual fuck happened in 1970???

Brainlet

Reagan elected in 1980
Thatcher elected in 1979

Democrats and Freemasons

>immigration act of 1965.
hart-(((celler))) act

The Chinese Industrialization project, bro.

Eisenhower shipped out all the illegals. Immigration Act 1965. It's been open borders ever since and wages have declined.

>females entered to workforc
>immigrants
>China
>inflation
It combination of those things

The federal reserve

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Women started entering the workforce
Gold standard ended
Automation

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>gold decoupling
>women diluting the workforce
>technological advances
>illegals diluting the workforce
>managerial advances
i know commies use this chart to demand more gobs but that would just exacerbate the problems

trickle down economics

Labor law changes that nerfed unions

"A living wage" is just the left-wing version of "they took our jobs"
increased supply of labor lowers wages
increased demand for healthcare, housing, energy, etc.

the gold standard was de facto abolished at least a decade before nixon closed the gold window. banks were already lending dollars into existence in order to facilitate global trade. triffin's paradox identified the impossibility to be both the global reserve currency and have a gold standard in the 60s.

foreign countries, especially france, were already converting usd to gold outside of the us, then selling that gold back to the us for a cheaper price. the us bond market was already sniffing out inflation in the mid 60s. the 10 year ust started a swift increase in mid 1965, a full 6 years before the gold window closed.

i am absolutely not in favor of deficit spending. i hate from 1950-2020, government spending was almost always between 15%-20%. we should live within our means. there should be no gibs. however, i understand that the global monetary system is so incredibly complex that while the idea of a gold standard is great, the actual implementation of it is impossible in such an interconnected world as we currently have.

This but I'd add outsourcing, globalism and concentration of power into a handful of monopolies (like walmart, PNG etc)

Asians happend. Starting to mass produce cheap shit they copied from europe and the eurocucks did not stop them

>inb4 picrel

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These

Kissinger started sucking off China.