Related: https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/ That site gets tossed around like candy and I don't think every graph they throw up is p

Related: https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/ That site gets tossed around like candy and I don't think every graph they throw up is perfectly explainable by their central point, but what the invention of the 401(k) and IRA, both of which were released to the public only after the gold standard had finally been abandoned, really did was to allow wealth managers to pump completely unimaginable quantities of money into abstractions of value that are not actually related with physical wealth that materializes for Americans in the form of skills, a strong manufacturing industry, and robust supply chains. Michael Burry (Big Short guy) notes that the amount of money stored in indexes and funds tracking the S&P 500 are many orders of magnitude larger than the money that actually moves around between the shares of the S&P 500 companies themselves.