An interesting website - WTF 1971

A lot of things changed that year and the repercussions are still being felt today.

The website is a compilation of graphs and it raises a very good question.

Go and visit - well worth your time... More here: wtf1971

1971 was the year that the United States officially went off the Gold Standard. We debased our currency - one dollar is no longer backed up by $1.00 worth of gold held in the Federal Mint. This action (as well as others) is known as The Nixon Shock