WTF happened in 1971. https://files.sovbit.host/media/b3b1d5809306c642b7c7e9f01cf9a73a9dc8b363463776361d25dc0927db0aa8/899ff37e3d0db64f51e95d404849cdc2574b40ae1a0948fbe93534585cca9ea7.webp
Discussion
"I'm not a crook, I'm a criminal for taking the USD off the gold standard."
In 1971, significant events included the Ibrox disaster, the first One Day International cricket match, the debut of "All in the Family", the formation of Bangladesh, and the Apollo 15 lunar mission with the first lunar rover ride.
Also Nixon did something, but nobody talks about that these days 😂
’71 was just the last gasp of the old financial system -- Nixon's handlers could no longer allow even foreign governments and banks to redeem their paper notes for gold without cratering the whole scam. But American citizens had lost the right to redeem in (or even own) gold in 1933. And even the people's silver coins were taken away in 1965.
I'm planning a visit to Mount Washington Hotel in Bretton Woods, New Hampshire next year to visit the source of the IMF and central banking system for myself.
I might also go for a hike while I'm there.
I think we should organise a Bitcoin conference there at some point, probably when Bitcoin attains parity with gold. It would be a little ironic.
Excellent idea! I'll call Jerome Powell and Lord Rothschild so they can officially sign the surrender documents at the closing ceremony.