The Commodity-Currency Revolution Begins... Buh Bye 'Magic Money Tree' Fiat Currency
Uncle Sam's not shooting itself in the foot. It's shooting itself in the head. Hasta La Vista Baby.
The dollar was backed by gold until 1973 in the USA. When Nixon ended the gold standard other countries followed suit, ushering in the magic money tree fiat currency experiment of the past 50 years.
That failed 50-year experiment is coming to an end as China, Russia and other commodity (food, gas, precious metals, oil ….) rich countries back their curr…
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