WTF Happened In 1971?
"I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they ca...
Tied into the gold window being closed is U.S. oil production peaking in 1971 in terms of ROI. Today's production is much more expensive to produce a similar level of oil. U.S. industry has never recovered, not even during the Alaskan oil boom.