TwoBareFeet on Nostr: On this day in 1971, Richard Nixon took the dollar off the gold standard, making the ...
On this day in 1971, Richard Nixon took the dollar off the gold standard, making the dollar fiat money. The graph shows the value of fiat monies over time; all of them crash into oblivion. The average lifespan of fiat money is 20 years. Why has the fiat dollar lasted over 50 years? Because we have used the blood of young Americans to keep the dollar the global reserve currency. This is a primary reason why the USA is ALWAYS at war. Fiat money is evil, and the dollar is soaked in blood. #bitcoin
Published at
2023-08-16 02:08:30Event JSON
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"content": "On this day in 1971, Richard Nixon took the dollar off the gold standard, making the dollar fiat money. The graph shows the value of fiat monies over time; all of them crash into oblivion. The average lifespan of fiat money is 20 years. Why has the fiat dollar lasted over 50 years? Because we have used the blood of young Americans to keep the dollar the global reserve currency. This is a primary reason why the USA is ALWAYS at war. Fiat money is evil, and the dollar is soaked in blood. #bitcoin https://cdn.nostr.build/i/ed660c13a2495e4721b353466f5a70f6bb245092f390b17c313b79acb6cd1f52.jpg ",
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