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’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.

mike 9mo ago

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.

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Discussion

Kevin Alfred Strom 9mo ago

Excellent idea! I'll call Jerome Powell and Lord Rothschild so they can officially sign the surrender documents at the closing ceremony.