Happy Nixon Shock anniversary!
On this date 54 years ago, the US "temporarily" went off the gold standard.
Median income in 1971 was $10k/yr, and gold was $35/oz. Yearly earnings paid in gold was 286 oz.
How about 2025? Median income is $62k/year, and is gold $3.3k/oz.
Yearly earnings paid in gold is 19 oz.
Our median earnings, the average of what our scarce time is worth, dropped 93% in those "temporary" years. Cheers! 🍻
https://wtfhappenedin1971.com/
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Lonelypumpkins
npub1je…ys82z
2025-08-15 12:12:50 UTC
Author Public Key
npub1jextjwgfkzspzk7h0yl6j27a8aqkaumncwajsrmmvsff5gt20q7slys82zSeen on
wss://relay.damus.ioPublished at
2025-08-15 12:12:50 UTCEvent JSON
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"content": "Happy Nixon Shock anniversary!\n\nOn this date 54 years ago, the US \"temporarily\" went off the gold standard.\n\nMedian income in 1971 was $10k/yr, and gold was $35/oz. Yearly earnings paid in gold was 286 oz.\n\nHow about 2025? Median income is $62k/year, and is gold $3.3k/oz. \nYearly earnings paid in gold is 19 oz.\n\nOur median earnings, the average of what our scarce time is worth, dropped 93% in those \"temporary\" years. Cheers! 🍻\n\nhttps://wtfhappenedin1971.com/",
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