WTF happened in 1971?
#incrementumAG
#gold #bitcoin 𧥠https://video.nostr.build/46336642924bdc1f3f0d87c4f68dcce63a9aa39adc8f50d4750ffdc87e1e0ab7.mp4
Discussion
Ok, BUT, the whole reason Nixon ended the gold-dollar (generalizing) was because some Eurozone countries (*cough *France *cough) weâre taking advantage of the standard to get gold for a âbetterâ price. Then people started claiming the end [of the dollar] is nigh. History shows the end was not nighâŚ
Just questioning how non-major / regional players will ever be able to destroy the dollar with gold⌠if a major world power wasnât able to do it back in the 70s?
I disagree. Shouldnât we better describe it this way.. France wants to redeem its USD for Gold. Show me the f money. Yankee replied to de Gaulles to f off⌠Well
Nope, I agree with that. But my question is more along the lines of, havenât people been claiming that a country can essentially bank run âthe worldâ by using precious metals ever since? And how would the UAE be in a better position now than France was then? Comprende?
The issue is centralization. The US basically took the wold hostage in 1913/1945 with the FED and Bretton Woods. There was no issue with a goldstandard in 1890. Germany prospered. So did the rest of the world.