6min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP457: Why the Dollar Is Not Collapsing w/ Jeffrey Snider

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Shadow Banking Is a Virtual Ledger Money System

Jeffrey Toobin: We were on a gold standard for a very long time. And at some point it was unfeasible to continue on with the gold standard, and li 71, ish nixon says, hey, you knowit, we're going off the gold standard into this fiot system. That's what a lot of people believe we're operating on to day. But is that correct? Jeff, what's your opinion? The short answer is, no. Is a common misperception, because you can understand why the brightonwood system, which was a quase gold back system, a commodity base monetary system grew out of war War too. In essence,

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