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EP70 Art Brock & Ferananda Ibarra on Currencies

The Jim Rutt Show

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The History of the Dollar as a Reserve Currency

Nixon terminated the system in 71. tightly connected to gold reserves it was all a very very sloppy and it was really a breton wood scheme to get the dollar as a universal backing currency for so we could kind of tie the whole global economy together. The fact that you can't go and take those dollars back to the bank and redeem it from my house tells you it's not actually backed by it right It's sick the loan was secured by it which basically means technically banks own almost all the property in our country not people because we have them all mortgaged.

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