Bitcoin and the Sanctity of 21M | The Twilight of Gold Series | Episode 2 (WiM130)
The "What is Money?" Show
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The Failure of the Gold Standard
The gold standard didn't really get into full swing until the 18 seventies, and then by 19 14, it was over. The ability for the world's economy to run was entirely predicated on credit. In a financialized economy, it was critical for england to have their currency remain dominant. So lead as a nation was based solely on their service of managing the world's credit. Their domination as a financial power would come to an end if they couldn't maintain their currency relative to the gold standard. That is exactly the situation that we're in to day. You're seeing a world reserve currency now. It's the dollar. And the financialization of our economy is based solely
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