The TRUE Story Behind FORT KNOX And The GOLD Standard

The gold standard, a monetary system where a country's currency is pegged to the value of gold, was once the backbone of international trade and finance. But what happened to it? In this video, we'll delve into the history of the gold standard, its rise and fall, and the reasons behind its abandonment. From the Bretton Woods system to the Nixon shock, we'll explore the key events and decisions that led to the demise of the gold standard and the rise of fiat currency. So, if you're curious about the evolution of the global monetary system and the implications of leaving the gold standard behind, then this video is for you!

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Chapters
0:00 Intro
1:30 Gold Standard
3:20 The Civil War and "Greenbacks"
6:08 The Crime of 1873
7:38 The Fed
10:55 E.O. 6102
15:00 Fort Knox
18:30 Bretton Woods
19:50 Nixon Shock
23:18 Petrodollar
25:00 The Dollar Today