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The Issue With the Legacy Financial System & How BITCOIN Fixes All of It | Saifedean Ammous (Replay)

Tom Bilyeu's Impact Theory

NOTE

The Historical Impact of Money Supply Doubling and the Call for Revaluation

Doubling the money supply led to the suspension of gold redemption, causing inflation without acknowledging it. This led to rising prices, shortages, surpluses, labor market issues, and business challenges. The situation could have been addressed by revaluing the pound to decrease its value by 20-30% compared to gold. Reverting back to the gold standard at a higher rate would have stabilized the economy by allowing prices to reflect fundamentals and facilitating labor market adjustments.

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