https://bitcoin.fr/le-jour-ou-les-etats-unis-ont-brise-le-systeme-monetaire-mondial/
Richard Nixon suspended dollar convertibility to gold in 1971. This ended the Bretton Woods system and led to unbacked fiat money. The U.S. debt rose to nearly 100% of wealth. Bitcoin emerged in 2009 as a response to unregulated money creation.
#dollar #bitcoin #monetary #system
Richard Nixon suspended dollar convertibility to gold in 1971. This ended the Bretton Woods system and led to unbacked fiat money. The U.S. debt rose to nearly 100% of wealth. Bitcoin emerged in 2009 as a response to unregulated money creation.
#dollar #bitcoin #monetary #system
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