Sleventy3 on Nostr: GM Haiku (1971) What the fuck happened Everything going to shit Stay humble stack ...

GM Haiku
(1971)

What the fuck happened
Everything going to shit
Stay humble stack sats

quoting note1zeu…9yr4

Good morning!

On this day, August 15, 1971, President Richard Nixon abolished the gold standard. This decision marked the end of the dollar's convertibility into gold, shifting the international financial system to the use of fiat money, backed by trust in government rather than gold reserves.