A Brief History of Money and Bitcoin with Brian Estes (WiM172)
The "What is Money?" Show
00:00
The Dollar Is Losing Its Value
Ai: The dollar was backed by gold originally, which a lot of people don't know or remember. Ai: When we went off the gold standard, we immediately had to get on to another standard in order to create some reservation demand for the dollar. Ai: Now if countries are settling in currencies other than dollar, that reservation demand now goes away. So we may see what additional inflation, presumably in the dollar, you see the debasement of the dollarrigt - but it just takes more dollars to buy the same thing.
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