2min chapter

Ben Greenfield Life cover image

"Thank God"...For Bitcoin, Raw Goat Milk, Colostrum, Yogurt, Liver & Meat, With Robert Breedlove.

Ben Greenfield Life

CHAPTER

Redeeming the Gold Standard in the United States

A few countries had redeemed the gold in the united states under the post bruttonwood arrangement. But it was when germany tried to redeem ther gold in the early 19 seventies that we had the infamous nixon shock, where he suspended gold convertibility. That was the temporary measure that nixon invoked to solve some of these problems that were really just camouflage for the truth. And the truth was, the us. Government, with a monopoly on money, used the printing of dollars to implicitly default on its debts and to break the integrity of the post bretonwood agreement, which was rooted in gold. They can just steal from society through printing money, externalize the cost via inflation

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