Historical claims that US debt was unsustainably high in 1967–1969 were not falsified by subsequent collapse because bond holders experienced severe real losses: from 1971 to 1980, gold rose 20x, meaning bond holders were destroyed on an inflation-adjusted basis even though no formal debt crisis occurred.
causalpending
Speaker
Luke GromanEvidence Quote
“As long as you weren't a bond holder, because guess what? From 1971 to n excuse me, to 1980, gold rose 20x.”
Source
Why is high debt different now v. prior instances of people “fear-mongering” about the debt?— Luke Gromen - FFTT, LLCCreated: 8/11/2026, 7:46:30 AM
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