4min chapter

The Good Ol Boyz Podcast cover image

Dirty Money with Peruvian Bull

The Good Ol Boyz Podcast

CHAPTER

Nixon and the Gold Rush of the Industrial World, Right?

Post Bretton Woods, they basically suspended gold convertibility for everyone except for nation states. French President Charles De Gaulle figured out that the US has two and a half times more paper dollars than they should have. And so he basically started deeming all of his, his dollars for gold. He came in and demanded settlement; other nations followed through as well. They were withdrawing like several tons a month from the treasury. The rest of the industrial world has blown itself up. We're rebuilding it pretty much by hand. This goes to 1971 when, because of a lot of different, from what they Europe has rebuilt and United States can't sustain being like the only industrial power left standing for

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