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greenavocado 3 days ago

When Nixon slammed the gold window shut so Congress could keep writing blank checks for Vietnam and the Great Society, it wasn't just some monetary technicality. It was the moment America broke its word to the world and broke something fundamental in us too. Suddenly money wasn't something you earned through sweat or innovation anymore. It became something politicians and bankers could conjure from thin air whenever they wanted another war, another corporate bailout, another vote-buying scheme.

Fast forward fifty years and smell the rot. That same fiscal recklessness Congress spending like drunken sailors while pretending deficits don't matter has bled into every pore of society. Why wouldn't it? When BlackRock scoops up entire neighborhoods with Fed-printed cash while your kid can't afford a studio apartment, people notice. When Tyson jacks up chicken prices to record profits while diners can't afford bacon, people feel it. And when some indie blogger slaps a paywall on their life's work because OpenAI vacuumed their words to train ChatGPT? That's the same disease wearing digital clothes.

We're all living in Nixon's hangover. The "us vs us" chaos you see Discord servers demanding your phone number, small sites gatekeeping against bots, everyone scrambling to monetize scraps that's what happens when trust evaporates. Just like the dollar became Monopoly money after '71, everything feels devalued now. Your labor? Worth less each year. Your creativity? Someone's AI training fuel. Your neighborhood? A BlackRock asset on a spreadsheet.

And Washington's still at it! Printing trillions to "save the economy" while inflation eats your paycheck alive. Passing trillion-dollar "infrastructure bills" that somehow leave bridges crumbling but defense contractors swimming in cash. It's the same old shell game: socialize the losses, privatize the gains. The factory worker paying $8 for eggs understands this. The nurse getting lectured about "wage spirals" while hospital CEOs pocket millions understands this. The teenager locking down their Discord because bots keep spamming scams? They understand this.

Weimar happened when money became meaningless. 1971 happened when promises became meaningless. What you're seeing now the suspicion, the barriers, the every-man-for-himself hustle is what bubbles up when people realize the whole system's running on fumes. The diner owner charging $18 for a burger isn't greedy. The blogger blocking AI scrapers isn't a Luddite. They're just building levees against a flood Washington started with a printing press half a century ago.

The tragedy is that we're all knee-deep in the same muddy water, throwing sandbags at each other while the real architects of this mess the political grifters, the Fed bankers, the extraction-engine capitalists watch dry-eyed from their high ground. Until we stop accepting their counterfeit money and their counterfeit promises, we'll keep drowning in this rigged game. The gold window didn't just close in '71. The whole damn social contract rusted shut.

habinero 2 days ago | parent | next [-]

Sir, this is a Wendy's.

The gold standard is objectively terrible economic policy and "society was better when I was young" has been a meme for thousands of years.

It feels nice to attribute everything bad to this one weird trick, but it's fake.

zahlman 3 days ago | parent | prev | next [-]

What does any of this have to do with yt-dlp?

dotancohen 3 days ago | parent [-]

Ostensibly the same forces that drove Nixon to move the dollar off of gold, are driving Google to destroy third party YouTube clients.

chrisweekly 3 days ago | parent | prev [-]

Wow. That was eloquent, and coherent, and depressing. I'd be grateful for someone to counter with something less dismal. Good things are still happening in the world. A positive future remains possible -- but we have to be able to imagine it to bring it into being.

Dylan16807 2 days ago | parent | next [-]

Semi coherent. The greed and corruption is a real theme but would still be 100% possible while on the gold standard.

immibis 2 days ago | parent [-]

They'd have to physically steal gold from people, and people would notice that. Or they could mine more gold, but that's hard. Or they could publicly and officially change the exchange rate (of dollars to gold), and people would notice that politicians make it go down, the same way that people notice when politicians make taxes go up (they notice way more than when prices other than taxes go up).

With the current system, they (the central bank) can just increase some people's numbers in some spreadsheets, and the effects are extremely indirect. Nominally this is in exchange for assets of equal value so the situation returns the normal after some time, but that hasn't been happening - the amount of money created this way has not been decreasing at any meaningful rate.

habinero 2 days ago | parent | next [-]

Considering the amount of panics and depressions and general economic insanity that happened on the gold standard in the 1800, none of this is true.

Dylan16807 2 days ago | parent | prev [-]

Just selling bonds would have raised more than enough money to give out corruptly.

And corporate bailouts are downright cheap compared to the federal budget.

immibis 2 days ago | parent [-]

And it would be impossible to bail out those bonds when they defaulted, nor to reuse the bonds to back money.

Dylan16807 2 days ago | parent [-]

> And it would be impossible to bail out those bonds when they defaulted

Well the US hasn't defaulted so changing how a default works wouldn't really affect the trajectory we took. And a default would be pretty catastrophic either way.

> nor to reuse the bonds to back money.

I don't know what you mean here.

immibis 10 hours ago | parent [-]

Well the US isn't on the gold standard. If it was on the gold standard then it would have defaulted. That's why it moved off the gold standard.

Actually, by moving off the gold standard, it defaulted on dollars (at the time a kind of gold bond) rather than defaulting on dollar-denominated government bonds.

sillyfluke 3 days ago | parent | prev | next [-]

Well on the bright side blood avocados are still green. Which the poster also seems to appreciate.

greenavocado 3 days ago | parent [-]

Lately I've had to resort to buying avocados from Costco in those little plastic cups because whole avocados in many supermarkets in my region have started to spoil too quickly. Sad.

attila-lendvai 3 days ago | parent | prev [-]

until people learn money, the concept, nothing will change. and that in turn will hardly happen while the bad guys own childhood (compulsory schooling).