When was the exact moment modern society jumped the shark? -

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Syaoran Li

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Honestly, I'd say The Great Recession in the late 2000's was where everything truly started to fall apart and there was no turning back, especially with the ultimate peddler of false hopes that was Barack Obama and his neoliberal cohorts, although you also could make a convincing argument for 9/11 or the 2003 invasion of Iraq being a "Jump the Shark" moment for the United States.

When the US switched to fiat currency?

Nixon officially took us off the gold standard and switched to fiat currency in 1972, IIRC.
 
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