Exactly 53 years ago, Nixon “temporarily” suspended the convertibility of dollars to gold.
Remember: there is nothing so permanent as a temporary government program.
Happy birthday, fiat!
(Study #Bitcoin with @Titcoin ) https://v.nostr.build/rybgBhs6ELHoSfjs.mp4
Nothing more permanent than a temporary government measure
Happy Birthday fiat! 🎉
Soon it's time for retirement... 😜
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That’s an awfully long “temporary”!
Turns out we know the fuck happened in 1971. All monetary constraints were finally removed from government.
...most people forget that he *also* implemented price controls..i
...except it wasn't permanent.
Lovely, he says this is to stabilize the dollar...
The 1971 “temporarily” suspension was just the final nail in the sound money coffin. Remember in the early sixties when they started minting coins with cheap metals. Remember in 1933 when the government made it illegal to own gold.
It all started in 1913 with creation of the FED and then the 16th amendment.
Couldn't we just suspend the FED temporarily?
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