The End of the American Way of Life

In 1971 the U.S. switched to a fiat money standard and it became possible to not keep up with wage Increases and not pay your your workers more. That is kind of the point in time where the middle class starts to erode If you think of what has happened over the last 50 years, it's been a Strong middle class that was eroded into despair by central banking. It all comes back to that 1971 moment when because We start to change What a dollar means the measuring stick started to shift faster than workers were able to demand that they be paid more.