AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
What Happened to the World Reserve Currency?
In 1971, the White House shut off convertibility for gold. The Dixie currency index immediately started going haywire. Kissinger kind of foresaw this and he was worried that the US was nipping itself in its own bud. He proposed a new system where we would back oil exporting nations to back their contracts with dollars.