This chart shows the ramification of ending the gold standard. In short, we have been screwed. The coincidence is that they decoupled the dollar from gold when all 3 had a 1:1:1 Ratio... In other words, gold, Real Output and Wages increased by 100% since 1947-ish.. This should paint a good picture for many.
Notice how everyone's wages were doing fine for TWO DECADES after Volcker was the FED chair? It's not coincidence. He was the most criticized FED chair in history because his policies WORKED for the working class. Fast forward to today, and we have turned the dollar into infinitely dividing pieces of confetti. These clowns at the FED are nothing more than puppets...