WiM047 - The Saylor Series | Episode 11 | The Failures of Fiat
The "What is Money?" Show
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Banks
Banks are a money warehouse y, which is how they emerged originally. But when we went off the gold standard in 19 71, that's what put the globe on to vo currency standard,. That is now an irredeemable debt certificate. Ri the dollar is not redeemable for gold or anything else. It's a pure confidence game or pyramid scheme... And that's why things have come off the rails since 19 71.
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