145. Ponzi hunting with Dylan Leclair
The Bitcoin Standard Podcast
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The Average Fiat User Does Not Think That a US Government CanDefault
In 1930 one ounce of gold was worth $20.67. By 1934 it was worth $35. And in 1971 it was supposed to be $35 around that range. But then when they closed the gold exchange window and central banks would no longer redeem gold from the US central bank, within nine years the price of gold went up to 1980. So it was a 40% devaluation of the dollar in 1930s. We've already had significant devaluation over the last couple of years but the question I think is if we're going to be getting more because there's just no other way out of this except for more repression and devaluation.
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