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IronHamster's avatar

Those of us 'old enough' remember the 70's and it kind of rhymes with the 20's:

- Inflation/Shrink-flation. Coffee came in 1 pound cans. Whip Inflation Now! (WIN)

- Property values rising such that it takes 30 years to save for a down payment on a "starter" home.

- Humiliating Foreign War (Vietnam)

- Impaired President (Nixon-Watergate, Carter-Oil Embargo + Iran Hostages)

One that may be relevant:

- Currency changed from precious metals to fiat.

The stock market did not do well during this period, but made it up once the money supply was under control.

Note it took 10 years to tame inflation, 30 years of getting it mostly right, and then the last decade or so, money printer go brrrrr just like in countries that ended up with hyperinflation.

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American Anon's avatar

It seems obvious US politics are largely performative and it doesn’t matter that much which party has power, they’re all advancing the same agenda. One faster than the other. Global corps are in full control. Borders/currency/nations don’t really matter anymore. The rise of crypto is not a coincidence, of course.

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