⚡️🚨 WATCH - 54 years ago today, President Nixon suspended the convertibility of the US dollar into gold.
It was probably one of the most important decisions of the last century, the effects of which are still being felt today.
There's only one answer: Bitcoin.
https://blossom.primal.net/e2f972a79691fee19e397b03359dc04375be019898459074f6043d595e2ca3cd.mov
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And they always do it for our "good".
You forgot "temporarily" 🤣
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My community was the first to be hit hard with this decision
Europe suspended the swap everytime war was declared.
In that context it makes me 🤔 about the liberal phrase "forever war"
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Temporary is 54 years and counting
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This is a great example of why everyone needs to self custody Bitcoin and support its circular economy. There is a chance that your government will try to do what the US did to gold.
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GM Nostr ☀️
It has been 54 years since a promise was made to temporarily suspend the convertibility of dollars into gold.
this happened because the US had been printing more dollars that it had gold to back up, to fund covert actions in vietnam (and other places). France figured this out, and sent battleships to New York harbor, and took physical possession of gold for its dollars. To prevent other countries from doing this, we closed the gold window, and went off the gold standard.
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