In 1971, Nixon ended the gold standard, and money has never been the same since. In this video, Adam Livingston breaks down what actually happened that year, why it matters more than ever today, and how Bitcoin was built as a direct response to a broken monetary system.
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Timestamps:
00:00 1971: The Year Money Broke
04:11 What Hard Money Used to Do
06:03 Debt Up, Purchasing Power Down
10:41 Society is Breaking
13:32 Bitcoin is the Way Back
17:11 Outro