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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,