Podcast appearances and mentions of nixon shock

Your mid-week commentary is a day early this week because I am putting out a special film tomorrow all about everyone's favourite metal. Watch your inboxes.There is a shift of enormously significant proportions taking place. In magnitude it will prove as significant as Bretton Woods in 1944, when the dollar became the de facto global reserve currency, and the Nixon Shock of 1971, when the US abandoned the last vestiges of its gold standard.This shift is going to shape the global financial landscape over the next few years. You need to understand what is happening, so that you can position yourself and your family.You may even be able to profit handsomely from the transition.Today we explain US dollar policy: what is going on and, more importantly, where it is all going.Ready? Here goes.The Manufacturing Imperative and The Curse of the Reserve CurrencyAmerica wants to bring manufacturing back on shore. We all know this. US President Donald Trump has said it repeatedly, his VP JD Vance has said it, and so has his Treasury Secretary Scott Bessent, who keeps reminding us that it is now time to prioritise Main Street over Wall Street.Part of the reshoring of US manufacturing involves tariffs, as we know all too well. Part of it involves weakening the US dollar to make US exports more competitive. Again Trump, Vance and Bessent have all said it.However, there is a problem, and that problem has a name: Triffin's Dilemma.You might think it's an advantage to issue the global reserve currency. You can issue dollars. Everyone else has to work for them. The French called it "America's exorbitant privilege." But this was a status the US engineered for itself during the Bretton Woods Agreement that determined the monetary order at the end of World War Two.What has happened, however, is that it has made the US fat and lazy, especially since 1971 when the US abandoned the ties of the dollar to gold.To supply the world with dollars, the US must run trade deficits. That is to say it must buy more than it sells. Persistent trade deficits have, over time, eroded its industrial base. Factories and jobs have gone offshore. Foreign nations have used their profits to invest in US capital markets and its debt. Meanwhile financial markets - aka Wall Street - have grown and grown, as America financialized.The Trump administration gets it in a way its predecessors did not. Vance has actually called the dollar's reserve status a "tax" on American producers.What's more, as this process has continued, the credibility of the dollar itself is being called further into doubt.Trump wants to revitalise America's Rust Belt. But there is more to it than that. As the curtains pulled back with Covid, the extent to which the US has been operating with its trousers down was exposed: an excessive dependence on China and its supply chains for too many strategically essential products, especially related to health, tech and the military. Then, during the Ukraine conflict, NATO found itself unable to match Russian production. The US, in short, is struggling to produce critical goods. It's why Trump keeps harping on about rare earth metals. It is vulnerable.The answer is to engineer a "managed decline" of the dollar as global reserve asset.The Golden Exit StrategyThis was already happening organically. China, for example, has been reducing its holdings of US treasuries for ten years now - quite gradually - although its US dollar holdings remain above $3 trillion.Meanwhile, China - and many other countries along the Silk Road besides - have been increasing their gold holdings, and quite dramatically. (In my view China has at least four times as much gold as it says it does. You can read more on this in my book). The process is known as de-dollarisation. Just a few months ago gold overtook the euro to become the second most held asset by central banks, while the dollar itself fell beneath 50% for the first time this century.We are not seeing a move towards any other national currency as global reserve, but towards the neutral but universal asset that is gold, as analyst Luke Groman points out. That suits all the main players. Gold is neutral, and both the US (supposedly) and China have lots of it.Indeed, a gold revaluation would be a "win-win" for both. A higher gold price would strengthen US fiscal flexibility while boosting Chinese consumers' wealth, encouraging domestic consumption and reducing trade imbalances.There is the potential to leverage the US's 261 million ounces (8,133 tonnes) of gold reserves, currently marked to market at just $42/oz. There are two ways this might be done. Economist Judy Shelton has proposed issuing Treasuries that are in part backed by gold to offset the inflation/debasement risk to make them more attractive to buyers. The other possibility (which has gone from, as Bessent put it, "we are not doing this" to "we are not doing this yet") is to revalue the gold from $42 to the current price of $3,300/oz, which would create over $850 billion of reserves without having to incur any extra debt. That would help with the US's current fiscal challenges: true interest expenses (including entitlements and veterans' affairs) currently exceed 100% of Treasury receipts.If you buying gold or silver coins to protect yourself in these “interesting times” - and I urge you to - as always I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.In short, the US administration is leaning into a weaker dollar and neutral reserve assets like gold to rebalance trade and rebuild domestic industry, even at the cost of short-term economic pain.Your really should subscribe.Bitcoin's Digital Advantage and The Stablecoin BridgeBitcoin, as the world's best neutral digital currency, is going to have a role to play in all of this as well.The US is quite happy with that, as evidenced by its pro-bitcoin rhetoric. At the national, corporate and individual levels the US has a lot of bitcoin. The US itself has 198,000 coins, the most of any nation, Strategy (NYSE:MSTR) has 630,000 and many other companies besides also hold, and at least 15% of US citizens own bitcoin. Of the eventual 21 million supply, of which probably 15% has been lost and another 1.3 million are locked up by Satoshi Nakamoto and will likely never appear (he is almost certainly dead), the US has a hefty chunk.Which brings us to the recent Genius Act. This effectively nixed CBDCs just as the EU's Christine Lagarde was planning to phase them in (LOL). However, it supported stablecoins (that is coins backed by dollars). The more bitcoin grows the more the stablecoin market will grow. As the stable coin market grows so will its demand for treasuries. Today, roughly half the entire US dollar stablecoin market, estimated at $250 billion, is invested in US treasuries (maybe 2% of the overall treasuries market). Tether is the world's 7th largest buyer.The market is small, but growing rapidly. 2035 projections include $500 billion (J.P.Morgan's projection) to $2 trillion (Standard Chartered) and $4 trillion (Bernstein) by 2035."If the stablecoin market meets these growth projections," says the Kansas City Fed, "it could lead to a substantial redistribution of funds within the financial system."In other words the stablecoin market is going to help the US fund its debt, just as other nations move away from treasuries to gold and bitcoin.Gold might suit the US, but bitcoin suits it better, especially if there are complications surrounding the Fort Knox gold, which it seems there are. Why no audit yet?Tell people about this.Gold vs Bitcoin, Analogue vs Digital: The Coming ShowdownIt's likely a few years from now there is going to be some sort of showdown between gold and bitcoin in the battle for primary reserve asset status. It's unlikely to be both. Governments will favour gold, as they have lots of it. Tradition is on their side. Eternal gold has a track record that is unrivalled. But it is an analogue asset in a digital world. Bitcoin is much more practical. Which will win out? Practical digital or impractical analogue?This is a contest that is still a way off. For now all roads lead to gold and bitcoin as the world de-dollarizes.Own both is what I say.Needless to say the UK is absolutely clueless in all of this, having sold two-thirds of its gold in 1999, made it near impossible for UK citizens to buy bitcoin, now planning to sell its bitcoin holdings, now the largest holder of US treasuries in the world after Japan and making no attempt to buy any gold.With the threat of AI and automation to America's jobs - especially in driving where millions work - there is the risk of mass unemployment coming quite quickly, and with it plentiful defaults on mortgages and loans. This could force the U.S. to print money, driving inflation and providing yet another reason to own gold and bitcoin, which cannot be debased.From October 8th, UK citizens will finally be able to buy bitcoin ETNs.I was lucky enough over the weekend to find myself as a house guest under the same roof as Interactive Investor CEO Richard Wilson. We talked a lot. He knows how landmark the date October 8th is for UK investors and has made sure II are well positioned in a way that other brokerages are not. You might not be able to buy the US ETFs due to FCA nonsense, but anything listed in the UK will be available. So if you don't already have an account at II you might do well to open an account now. Click this link and the first year is free.In short, the dollar will weaken significantly over the next three years. The pound is a basket case. National currencies are not stores of wealth. Gold and bitcoin are. Own both as the Trump administration addresses Triffin's Dilemma through a managed dollar decline. They will use gold and potentially bitcoin to restore US industrial and military strength.You have been warned.Tell people about this post.Watch your inboxes. Tomorrow I'll be putting out a 15-minute film all about gold called The Eternal Metal. On which note, The Secret History of Gold is out now. Got yours yet?The Secret History of Gold is available at Amazon, Waterstones and all good bookshops.Amazon is currently offering 20% off. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Anniversary reflections: 54 years since Nixon closed the gold window in 1971 and 5 years since MicroStrategy announced its first Bitcoin purchaseGlobal inflation since 1971: No country has averaged

David talks to historian Meg Jacobs about how the 1970s changed everything for America's understanding of its place in the global economy. How did first the Nixon Shock and then the Oil Shock reshape American politics? Why did America's politicians respond to these shocks not with tariffs or sabre-rattling but with calls to national self-sacrifice? Did anyone heed those calls? And what lessons did Donald Trump draw from America's crisis decade? The latest edition of our free fortnightly newsletter is out now with guides, insights and clips to accompany this series, plus David writes about whether Nigel Farage really spells the end of two-party politics in the UK. It's easy to sign up https://www.ppfideas.com/newsletters Next time on Ideas of Globalisation: What's Gone Wrong? w/Dani Rodrik Learn more about your ad choices. Visit megaphone.fm/adchoices

Hello Interactors,This week, the European Space Agency launched a satellite to "weigh" Earth's 1.5 trillion trees. It will give scientists deeper insight into forests and their role in the climate — far beyond surface readings. Pretty cool. And it's coming from Europe.Meanwhile, I learned that the U.S. Secretary of Defense — under Trump — had a makeup room installed in the Pentagon to look better on TV. Also pretty cool, I guess. And very American.The contrast was hard to miss. Even with better data, the U.S. shows little appetite for using geographic insight to actually address climate change. Information is growing. Willpower, not so much.So it was oddly clarifying to read a passage Christopher Hobson posted on Imperfect Notes from a book titled America by a French author — a travelogue of softs. Last week I offered new lenses through which to see the world, I figured I'd try this French pair on — to see America, and the world it effects, as he did.PAPER, POWER, AND PROJECTIONI still have a folded paper map of Seattle in the door of my car. It's a remnant of a time when physical maps reflected the reality before us. You unfolded a map and it innocently offered the physical world on a page. The rest was left to you — including knowing how to fold it up again.But even then, not all maps were neutral or necessarily innocent. Sure, they crowned capitals and trimmed borders, but they could also leave things out or would make certain claims. From empire to colony, from mission to market, maps often arrived not to reflect place, but to declare control of it. Still, we trusted it…even if was an illusion.I learned how to interrogate maps in my undergraduate history of cartography class — taught by the legendary cartographer Waldo Tobler. But even with that knowledge, when I was then taught how to make maps, that interrogation was more absent. I confidently believed I was mediating truth. The lines and symbols I used pointed to substance; they signaled a thing. I traced rivers from existing base maps with a pen on vellum and trusted they existed in the world as sure as the ink on the page. I cut out shading for a choropleth map and believed it told a stable story about population, vegetation, or economics. That trust was embodied in representation — the idea that a sign meant something enduring. That we could believe what maps told us.This is the world of semiotics — the study of how signs create meaning. American philosopher Charles Sanders Peirce offered a sturdy model: a sign (like a map line) refers to an object (the river), and its meaning emerges in interpretation. Meaning, in this view, is relational — but grounded. A stop sign, a national anthem, a border — they meant something because they pointed beyond themselves, to a world we shared.But there are cracks in this seemingly sturdy model.These cracks pose this question: why do we trust signs in the first place? That trust — in maps, in categories, in data — didn't emerge from neutrality. It was built atop agendas.Take the first U.S. census in 1790. It didn't just count — it defined. Categories like “free white persons,” “all other free persons,” and “slaves” weren't neutral. They were political tools, shaping who mattered and by how much. People became variables. Representation became abstraction.Or Carl Linnaeus, the 18th-century Swedish botanist who built the taxonomies we still use: genus, species, kingdom. His system claimed objectivity but was shaped by distance and empire. Linnaeus never left Sweden. He named what he hadn't seen, classified people he'd never met — sorting humans into racial types based on colonial stereotypes. These weren't observations. They were projections based on stereotypes gathered from travelers, missionaries, and imperial officials.Naming replaced knowing. Life was turned into labels. Biology became filing. And once abstracted, it all became governable, measurable, comparable, and, ultimately, manageable.Maps followed suit.What once lived as a symbolic invitation — a drawing of place — became a system of location. I was studying geography at a time (and place) when Geographic Information Systems (GIS) and GIScience was transforming cartography. Maps weren't just about visual representations; they were spatial databases. Rows, columns, attributes, and calculations took the place of lines and shapes on map. Drawing what we saw turned to abstracting what could then be computed so that it could then be visualized, yes, but also managed.Chris Perkins, writing on the philosophy of mapping, argued that digital cartographies didn't just depict the world — they constituted it. The map was no longer a surface to interpret, but a script to execute. As critical geographers Sam Hind and Alex Gekker argue, the modern “mapping impulse” isn't about understanding space — it's about optimizing behavior through it; in a world of GPS and vehicle automation, the map no longer describes the territory, it becomes it. Laura Roberts, writing on film and geography, showed how maps had fused with cinematic logic — where places aren't shown, but performed. Place and navigation became narrative. New York in cinema isn't a place — it's a performance of ambition, alienation, or energy. Geography as mise-en-scène.In other words, the map's loss of innocence wasn't just technical. It was ontological — a shift in the very nature of what maps are and what kind of reality they claim to represent. Geography itself had entered the domain of simulation — not representing space but staging it. You can simulate traveling anywhere in the world, all staged on Google maps. Last summer my son stepped off the train in Edinburgh, Scotland for the first time in his life but knew exactly where he was. He'd learned it driving on simulated streets in a simulated car on XBox. He walked us straight to our lodging.These shifts in reality over centuries weren't necessarily mistakes. They unfolded, emerged, or evolved through the rational tools of modernity — and for a time, they worked. For many, anyway. Especially for those in power, seeking power, or benefitting from it. They enabled trade, governance, development, and especially warfare. But with every shift came this question: at what cost?FROM SIGNS TO SPECTACLEAs early as the early 1900s, Max Weber warned of a world disenchanted by bureaucracy — a society where rationalization would trap the human spirit in what he called an iron cage. By mid-century, thinkers pushed this further.Michel Foucault revealed how systems of knowledge — from medicine to criminal justice — were entangled with systems of power. To classify was to control. To represent was to discipline. Roland Barthes dissected the semiotics of everyday life — showing how ads, recipes, clothing, even professional wrestling were soaked in signs pretending to be natural.Guy Debord, in the 1967 The Society of the Spectacle, argued that late capitalism had fully replaced lived experience with imagery. “The spectacle,” he wrote, “is not a collection of images, but a social relation among people, mediated by images.”Then came Jean Baudrillard — a French sociologist, media theorist, and provocateur — who pushed the critique of representation to its limit. In the 1980s, where others saw distortion, he saw substitution: signs that no longer referred to anything real. Most vividly, in his surreal, gleaming 1986 travelogue America, he described the U.S. not as a place, but as a performance — a projection without depth, still somehow running.Where Foucault showed that knowledge was power, and Debord showed that images replaced life, Baudrillard argued that signs had broken free altogether. A map might once distort or simplify — but it still referred to something real. By the late 20th century, he argued, signs no longer pointed to anything. They pointed only to each other.You didn't just visit Disneyland. You visited the idea of America — manufactured, rehearsed, rendered. You didn't just use money. You used confidence by handing over a credit card — a symbol of wealth that is lighter and moves faster than any gold.In some ways, he was updating a much older insight by another Frenchman. When Alexis de Tocqueville visited America in the 1830s, he wasn't just studying law or government — he was studying performance. He saw how Americans staged democracy, how rituals of voting and speech created the image of a free society even as inequality and exclusion thrived beneath it. Tocqueville wasn't cynical. He simply understood that America believed in its own image — and that belief gave it a kind of sovereign feedback loop.Baudrillard called this condition simulation — when representation becomes self-contained. When the distinction between real and fake no longer matters because everything is performance. Not deception — orchestration.He mapped four stages of this logic:* Faithful representation – A sign reflects a basic reality. A map mirrors the terrain.* Perversion of reality – The sign begins to distort. Think colonial maps as logos or exclusionary zoning.* Pretending to represent – The sign no longer refers to anything but performs as if it does. Disneyland isn't America — it's the fantasy of America. (ironically, a car-free America)* Pure simulation – The sign has no origin or anchor. It floats. Zillow heatmaps, Uber surge zones — maps that don't reflect the world, but determine how you move through it.We don't follow maps as they were once known anymore. We follow interfaces.And not just in apps. Cities themselves are in various stages of simulation. New York still sells itself as a global center. But in a distributed globalized and digitized economy, there is no center — only the perversion of an old reality. Paris subsidizes quaint storefronts not to nourish citizens, but to preserve the perceived image of Paris. Paris pretending to be Paris. Every city has its own marketing campaign. They don't manage infrastructure — they manage perception. The skyline is a product shot. The streetscape is marketing collateral and neighborhoods are optimized for search.Even money plays this game.The U.S. dollar wasn't always king. That title once belonged to the British pound — backed by empire, gold, and industry. After World War II, the dollar took over, pegged to gold under the Bretton Woods convention — a symbol of American postwar power stability…and perversion. It was forged in an opulent, exclusive, hotel in the mountains of New Hampshire. But designed in the style of Spanish Renaissance Revival, it was pretending to be in Spain. Then in 1971, Nixon snapped the dollar's gold tether. The ‘Nixon Shock' allowed the dollar to float — its value now based not on metal, but on trust. It became less a store of value than a vessel of belief. A belief that is being challenged today in ways that recall the instability and fragmentation of the pre-WWII era.And this dollar lives in servers, not Industrial Age iron vaults. It circulates as code, not coin. It underwrites markets, wars, and global finance through momentum alone. And when the pandemic hit, there was no digging into reserves.The Federal Reserve expanded its balance sheet with keystrokes — injecting trillions into the economy through bond purchases, emergency loans, and direct payments. But at the same time, Trump 1.0 showed printing presses rolling, stacks of fresh bills bundled and boxed — a spectacle of liquidity. It was monetary policy as theater. A simulation of control, staged in spreadsheets by the Fed and photo ops by the Executive Branch. Not to reflect value, but to project it. To keep liquidity flowing and to keep the belief intact.This is what Baudrillard meant by simulation. The sign doesn't lie — nor does it tell the truth. It just works — as long as we accept it.MOOD OVER MEANINGReality is getting harder to discern. We believe it to be solid — that it imposes friction. A law has consequences. A price reflects value. A city has limits. These things made sense because they resist us. Because they are real.But maybe that was just the story we told. Maybe it was always more mirage than mirror.Now, the signs don't just point to reality — they also replace it. We live in a world where the image outpaces the institution. Where the copy is smoother than the original. Where AI does the typing. Where meaning doesn't emerge — it arrives prepackaged and pre-viral. It's a kind of seductive deception. It's hyperreality where performance supersedes substance. Presence and posture become authority structured in style.Politics is not immune to this — it's become the main attraction.Trump's first 100 days didn't aim to stabilize or legislate but to signal. Deportation as UFC cage match — staged, brutal, and televised. Tariff wars as a way of branding power — chaos with a catchphrase. Climate retreat cast as perverse theater. Gender redefined and confined by executive memo. Birthright citizenship challenged while sedition pardoned. Even the Gulf of Mexico got renamed. These aren't policies, they're productions.Power isn't passing through law. It's passing through the affect of spectacle and a feed refresh.Baudrillard once wrote that America doesn't govern — it narrates. Trump doesn't manage policy, he manages mood. Like an actor. When America's Secretary of Defense, a former TV personality, has a makeup studio installed inside the Pentagon it's not satire. It's just the simulation, doing what it does best: shining under the lights.But this logic runs deeper than any single figure.Culture no longer unfolds. It reloads. We don't listen to the full album — we lift 10 seconds for TikTok. Music is made for algorithms. Fashion is filtered before it's worn. Selfhood is a brand channel. Identity is something to monetize, signal, or defend — often all at once.The economy floats too. Meme stocks. NFTs. Speculative tokens. These aren't based in value — they're based in velocity. Attention becomes the currency.What matters isn't what's true, but what trends. In hyperreality, reference gives way to rhythm. The point isn't to be accurate. The point is to circulate. We're not being lied to.We're being engaged. And this isn't a bug, it's a feature.Which through a Baudrillard lens is why America — the simulation — persists.He saw it early. Describing strip malls, highways, slogans, themed diners he saw an America that wasn't deep. That was its genius he saw. It was light, fast paced, and projected. Like the movies it so famously exports. It didn't need justification — it just needed repetition.And it's still repeating.Las Vegas is the cathedral of the logic of simulation — a city that no longer bothers pretending. But it's not alone. Every city performs, every nation tries to brand itself. Every policy rollout is scored like a product launch. Reality isn't navigated — it's streamed.And yet since his writing, the mood has shifted. The performance continues, but the music underneath it has changed. The techno-optimism of Baudrillard's ‘80s an ‘90s have curdled. What once felt expansive now feels recursive and worn. It's like a show running long after the audience has gone home. The rager has ended, but Spotify is still loudly streaming through the speakers.“The Kids' Guide to the Internet” (1997), produced by Diamond Entertainment and starring the unnervingly wholesome Jamison family. It captures a moment of pure techno-optimism — when the Internet was new, clean, and family-approved. It's not just a tutorial; it's a time capsule of belief, staged before the dream turned into something else. Before the feed began to feed on us.Trumpism thrives on this terrain. And yet the world is changing around it. Climate shocks, mass displacement, spiraling inequality — the polycrisis has a body count. Countries once anchored to American leadership are squinting hard now, trying to see if there's anything left behind the screen. Adjusting the antenna in hopes of getting a clearer signal. From Latin America to Southeast Asia to Europe, the question grows louder: Can you trust a power that no longer refers to anything outside itself?Maybe Baudrillard and Tocqueville are right — America doesn't point to a deeper truth. It points to itself. Again and again and again. It is the loop. And even now, knowing this, we can't quite stop watching. There's a reason we keep refreshing. Keep scrolling. Keep reacting. The performance persists — not necessarily because we believe in it, but because it's the only script still running.And whether we're horrified or entertained, complicit or exhausted, engaged or ghosted, hired or fired, immigrated or deported, one thing remains strangely true: we keep feeding it. That's the strange power of simulation in an attention economy. It doesn't need conviction. It doesn't need conscience. It just needs attention — enough to keep the momentum alive. The simulation doesn't care if the real breaks down. It just keeps rendering — soft, seamless, and impossible to look away from. Like a dream you didn't choose but can't wake up from.REFERENCESBarthes, R. (1972). Mythologies (A. Lavers, Trans.). Hill and Wang. (Original work published 1957)Baudrillard, J. (1986). America (C. Turner, Trans.). Verso.Debord, G. (1994). The Society of the Spectacle (D. Nicholson-Smith, Trans.). Zone Books. (Original work published 1967)Foucault, M. (1977). Discipline and Punish: The Birth of the Prison (A. Sheridan, Trans.). Vintage Books.Hind, S., & Gekker, A. (2019). On autopilot: Towards a flat ontology of vehicular navigation. In C. Lukinbeal et al. (Eds.), Media's Mapping Impulse. Franz Steiner Verlag.Linnaeus, C. (1735). Systema Naturae (1st ed.). Lugduni Batavorum.Perkins, C. (2009). Philosophy and mapping. In R. Kitchin & N. Thrift (Eds.), International Encyclopedia of Human Geography. Elsevier.Raaphorst, K., Duchhart, I., & van der Knaap, W. (2017). The semiotics of landscape design communication. Landscape Research.Roberts, L. (2008). Cinematic cartography: Movies, maps and the consumption of place. In R. Koeck & L. Roberts (Eds.), Cities in Film: Architecture, Urban Space and the Moving Image. University of Liverpool.Tocqueville, A. de. (2003). Democracy in America (G. Lawrence, Trans., H. Mansfield & D. Winthrop, Eds.). University of Chicago Press. (Original work published 1835)Weber, M. (1958). The Protestant Ethic and the Spirit of Capitalism (T. Parsons, Trans.). Charles Scribner's Sons. (Original work published 1905) This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit interplace.io

Paul Blustein is a former Washington Post and Wall Street Journal journalist who has authored several acclaimed books on global economic institutions. In Paul's first appearance on the show, he discusses the historical rise of the dollar, it's present-day power, how it compares to other global currencies, current challenges to its power, the rise of crypto, and much more. Check out the transcript for this week's episode, now with links. Recorded on March 26th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Paul Blustein on X: @PaulBlustein Follow the show on X: @Macro_Musings Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server! Join the Macro Musings mailing list! Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps: (00:00:00) – Intro (00:00:52) – Paul's Books (00:05:08) – Motivations for King Dollar (00:09:02) – History of the Dollar (00:12:57) – Nixon Shock of 1971 (00:23:36) – Paul Volcker (00:33:14) – Dollar Dominance and Statecraft (00:40:46) – What About the Euro? (00:44:42) – Cryptocurrency as a Rival to the Dollar (00:47:54) – Drawbacks of Dollar Dominance (00:57:03) – Outro  

Wednesday, 9 April 2025, saw the U.S. impose a 104% tariff on China. Beijing retaliated and raised its levy on U.S. imports to 84%. Will this tit for tat erode globalisation, or had the world trade model started unravelling years before Trump took office the first time round? Financial economist Victor Hill talks to Sarah Lowther about the end-of-life psychology driving Donald Trump's executive orders and how equities aren't in the dire straits some commentators would have investors believe. Victor compares Trump's actions to the Nixon Shock of 1971 and argues that while tariffs could generate significant revenue, they could also lead to increased inflation and a potential recession. As usual there's a silver lining and threads of optimism as Victor concludes that despite market volatility, long-term US Treasury yields and safe-haven assets like gold and the Japanese Yen are showing resilience. For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk.

Greetings from the Zagreb Franjo Tuđman Airport! Today Jason discusses modern airport design and challenges misconceptions about less prosperous countries. He also  emphasizes the importance of abandoning preconceived notions about market trends, particularly in real estate and stocks. He also promotes his Empowered Investor Pro group and upcoming conference, highlighting the value for members. He then introduces an interview with Russell Gray, warning of Gray's doomer perspective. He encourages listeners to consult with his investment counselors for portfolio optimization and makeovers. He also promotes his AI chatbot, available on jasonhartman.com, which can answer questions about investment strategies and concepts. Then Jason welcomes Russell Gray. Russell, speaking on monetary policy, highlights the erosion of Main Street prosperity due to historical shifts in fiscal policy, inflation, and centralized power. He discusses pivotal events like the Federal Reserve's creation in 1913, the Gold Confiscation Act, and the Nixon Shock of 1971, which led to significant currency devaluation and economic inequality. Gray advocates for decentralized solutions, such as investing in tangible assets like real estate and gold, fostering Main Street capitalism, and educating the next generation. He warns against over-reliance on centralized systems and emphasizes personal responsibility, financial independence, and education reform to combat the growing power imbalance. #MonetaryPolicy #FiscalPolicy #Decentralization #MainStreetCapitalism #FinancialFreedom #InvestingTips #RealEstateInvesting #PreciousMetals #EconomicInequality #WealthPreservation #GoldInvestment #Inflation #EducationReform #NextGenerationLeadership #PowerShift #EconomicCycles #FinancialIndependence #PolicyImpact #DecentralizedFinance #FreedomAndResponsibility Key Takeaways: Jason's editorial 1:27 Zagreb airport and lots of misconceptions 4:44 Trump, politics and personal finance 6:17 Be an Empowered Investor Pro Now! https://empoweredinvestor.com/ 7:13 A faulty idea 9:06 Introducing Russell 9:35 Call our investment counsellors for a FREE consultation or a portfolio makeover 10:23 Talk to Jason's Ai assistant JasonHartman.com/Ai   Russell Gray interview 11:34 The political elephant in the room 13:09 Hallowing out the middle class 20:05 What's coming next- inflation or deflation and decentralization 24:51 Action steps 30:05 Follow@RussellGray.com Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com    

Imagine if the inflationary pressures forcing restaurants to hike menu prices were halted with the swipe of a pen. As far-fetched as that might sound, a government-directed halt to all cost increases was tried once, roughly 50 years ago. And the results didn't exactly meet expectations. There's a reason the move was known as the Nixon Shock. That's Nixon as in Richard Nixon, the president whose name is now synonymous with abuse of power. Although his forte was foreign affairs, the Republican bet he could take domestic action that would ensure re-election in 1972. So he used an executive order to freeze all prices and wages. His ridiculous fear of losing was also why the White House sanctioned a break-in at Democratic headquarters housed in an upscale mixed-use complex called Watergate. Both moves were disasters. The fallout from Watergate continues to shape politics today. But the effect of the price and wage freezes is largely forgotten. Learn why that's the case in this week's edition of our retro-focused podcast, Restaurant Rewind.

In this compelling episode of the Passion Struck podcast, host John R. Miles sits down with Robert Breedlove, a leading voice in the world of decentralized finance and Bitcoin. Robert is known for his profound insights into the economic and philosophical implications of money, power, and freedom. Together, they delve into the intricacies of the war on money and explore practical strategies to protect your financial freedom in today's volatile economic landscape.Order a copy of my book, "Passion Struck: Twelve Powerful Principles to Unlock Your Purpose and Ignite Your Most Intentional Life," today! This book, a 2024 must-read chosen by the Next Big Idea Club, has garnered multiple accolades, including the Business Minds Best Book Award, the Eric Hoffer Award, and the Non-Fiction Book Awards Gold Medal. Don't miss out on the opportunity to transform your life with these powerful principles!Full show notes and resources can be found here: https://passionstruck.com/robert-breedlove-hidden-war-on-financial-freedom/In this episode, you will learn:The history of money and how gold became the standard for global tradeThe transition from the gold standard to the fiat currency paradigm after World War IIThe impact of central planning on the market for money and the global economyThe consequences of printing money and debasing currency on purchasing power and ownership rightsThe role of central banks in manipulating currency and the detrimental effects on society and civilizationThe importance of understanding the economic implications of printing money, inflation, and central bankingThe significance of property rights and ownership in the context of debasing currency and preserving civilizationThe historical context of the Bretton Woods Conference and the Nixon shock in 1971The ongoing conflict between Ukraine and Russia and the economic implications of the war effortsAll things Angela Foster: https://angelafosterperformance.com/SponsorsBrought to you by Clariton, fast and powerful relief is just a quick trip away. Ask for Claritin-D at your local pharmacy counter. You don't even need a prescription! Go to “CLARITIN DOT COM” right now for a discount so you can Live Claritin Clear.--► For information about advertisers and promo codes, go to:https://passionstruck.com/deals/Catch More of Passion StruckCan't miss my episode with Jeffrey C. Walker On The Criticality of Collaboration in Systems ChangeMy solo episode on Why Hustle Culture Is Toxic (And How to Break Free From It)Listen to my interview with Simone Stolzoff on the Amazing Art of Finding Work-Life HarmonyWatch my episode with Douglas Rushkoff on Survival of the Richest: Don't Believe Their MindsetCan't miss my episode withSeth Godin on Why We Need Systems Change to Save the PlanetLike this show? Please leave us a review here-- even one sentence helps! Consider including your Twitter or Instagram handle so we can thank you personally!

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comI was going to call this article “a tale of national betrayal.” Sterling is a national disgrace. If ever there was something that symbolised the decline of Britain from world leader to tin pot sh*te show, it is our currency. The US dollar has lost at least 93% of its purchasing power since World War Two. The pound, which was a few cents shy of $5 at the onset of war and today sits at $1.24, has lost an additional 75% against the US dollar.It's shocking. An appalling betrayal by successive leaderships. When you devalue your currency, you devalue your entire country: the people's labour, their savings, their assets.As long-time readers will know, I have identified a long-term cycle in the pound, and the next capitulation is due this year. If this plays out, then the pound is about to hit the skids.Don't get wedded to the idea of a cycleLet me start with my usual disclaimer: it's easy to look back at the past, find some arbitrary pattern, declare it a cycle, write some persuasive copy, and, all of a sudden, you're a guru. When things don't pan out as they should, you blame some outside factor, usually the government.Cycles do exist. We have the seasons, the moons, the cycle of life. There are good times and bad times. There are investment cycles too: bull markets and bear markets, the Kondratiev cycle, the 18-year cycle in real estate, commodities super-cycles, the 4-year presidential cycle. Mining is cyclical. New tech goes through a clear cycle as it evolves. I'm a big believer in the hype cycle. Yet actually trading them in real time is hard.Thinking in terms of cycles does help you to frame the bigger picture: it can give you an idea where you are in the grand scheme of things. But you can easily get wedded to the idea of a particular cycle, and then it's very hard to break the mindset, even if real life right in front of you is telling a very different story.I remember people in the years after the Global Financial Crisis (GFC) being wedded to the idea of Kondratiev Winter and the next Great Depression. The Dow was going to 1,000, they said. It never went close and here we are today above 38,000. The problem was that the Kondratiev Winter argument was persuasive, and once you've been hooked by a narrative, it's hard to break its shackles.If you are interested in buying gold, check out my recent report. I have a feeling it is going to come in very handy in the not-too-distant future. My recommended bullion dealer is the Pure Gold Company.So to Frisby's FluxWith all that said, I am now going to argue that there is an 8ish-year cycle in the British pound that goes all the way back to 1968, at least. I've called it Frisby's Flux, because I was the first to observe it and I've got to get my name on something.We'll start with a quick skim through recent sterling history, then we'll look at a chart, and finally, we'll look at what's coming next.In November 1967, the British government devalued the pound by 14% from $2.80 to $2.40 in order to “achieve a substantial surplus on the balance of payments consistent with economic growth and full employment”.In the early 1970s, after the Nixon Shock, the pound rallied against the dollar, but fast forward to 1976, eight (ish) years on, and we are in the year of the IMF crisis when Chancellor Dennis Healy is said to have gone “cap in hand” to borrow money from them. $3.9bn was the agreed sum, at the time the largest loan ever requested. Inflation in the UK reached 24%. From high to low, sterling lost around 40%, reaching $1.60.The pound recovered, and by the early 1980s, sterling was back above $2.40.Move forward eight years and we come to 1984 when the pound would drop by more than 55% to reach an all-time low against the dollar – $1.04 - in early 1985. This was during the miners' strike and shortly after the Falklands War, but the real issue was extraordinary US dollar strength, something which took collusion between the G5 nations of France, Germany, Japan, the US and the UK and the Plaza Accord of 1985 to depreciate it.Again sterling would recover – this time to $2.Eight years later and we come to the notorious cycle low of 1992 and Black Wednesday, the day that sealed George Soros's reputation with his bet against the pound. Sterling fell to $1.40 – a 30% loss - as the Bank of England took the UK out of the European Exchange Rate Mechanism.Eight years later, in 2000, the Dotcom bubble collapsed, and the pound lost 20% of its value, again falling to $1.40. (The pound is geared to financial markets. When they struggle it usually does too).But again it recovered. By 2007, it was above $2.10. Can you imagine? The pound above two bucks, and not so long ago.Then, in 2008, came the GFC and, yup, the pound lost 35%, hitting a low of $1.36. What did I say about the pound being geared to financial markets?The next low came in 2016 with the infamous Flash Crash , shortly after Theresa May's speech at the Conservative Party Conference. Having been above $1.70 at one point earlier in this cycle, it hit a low of $1.14, according to some measures. The overall drop from high to low was almost 35%. (As that $1.14 number came in the early hours of the morning, it is not showing up on the chart below).Here we are in 2024, eight years on. The next capitulation is due. Are we about to enter the drop zone? Could well be.Here is an illustration of the cycle. You can see how every eight years, the pound hits a low. (The chart starts at 1970, I couldn't find data going back to 1967-68).Show this chart to your friendsSo what's next?And how to protect yourself? And possibly even profit?

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comI was going to call this article “a tale of national betrayal.” Sterling is a national disgrace. If ever there was something that symbolised the decline of Britain from world leader to tin pot sh*te show, it is our currency. The US dollar has lost at least 93% of its purchasing power since World War Two. The pound, which was a few cents shy of $5 at the onset of war and today sits at $1.24, has lost an additional 75% against the US dollar.It's shocking. An appalling betrayal by successive leaderships. When you devalue your currency, you devalue your entire country: the people's labour, their savings, their assets.As long-time readers will know, I have identified a long-term cycle in the pound, and the next capitulation is due this year. If this plays out, then the pound is about to hit the skids.Don't get wedded to the idea of a cycleLet me start with my usual disclaimer: it's easy to look back at the past, find some arbitrary pattern, declare it a cycle, write some persuasive copy, and, all of a sudden, you're a guru. When things don't pan out as they should, you blame some outside factor, usually the government.Cycles do exist. We have the seasons, the moons, the cycle of life. There are good times and bad times. There are investment cycles too: bull markets and bear markets, the Kondratiev cycle, the 18-year cycle in real estate, commodities super-cycles, the 4-year presidential cycle. Mining is cyclical. New tech goes through a clear cycle as it evolves. I'm a big believer in the hype cycle. Yet actually trading them in real time is hard.Thinking in terms of cycles does help you to frame the bigger picture: it can give you an idea where you are in the grand scheme of things. But you can easily get wedded to the idea of a particular cycle, and then it's very hard to break the mindset, even if real life right in front of you is telling a very different story.I remember people in the years after the Global Financial Crisis (GFC) being wedded to the idea of Kondratiev Winter and the next Great Depression. The Dow was going to 1,000, they said. It never went close and here we are today above 38,000. The problem was that the Kondratiev Winter argument was persuasive, and once you've been hooked by a narrative, it's hard to break its shackles.If you are interested in buying gold, check out my recent report. I have a feeling it is going to come in very handy in the not-too-distant future. My recommended bullion dealer is the Pure Gold Company.So to Frisby's FluxWith all that said, I am now going to argue that there is an 8ish-year cycle in the British pound that goes all the way back to 1968, at least. I've called it Frisby's Flux, because I was the first to observe it and I've got to get my name on something.We'll start with a quick skim through recent sterling history, then we'll look at a chart, and finally, we'll look at what's coming next.In November 1967, the British government devalued the pound by 14% from $2.80 to $2.40 in order to “achieve a substantial surplus on the balance of payments consistent with economic growth and full employment”.In the early 1970s, after the Nixon Shock, the pound rallied against the dollar, but fast forward to 1976, eight (ish) years on, and we are in the year of the IMF crisis when Chancellor Dennis Healy is said to have gone “cap in hand” to borrow money from them. $3.9bn was the agreed sum, at the time the largest loan ever requested. Inflation in the UK reached 24%. From high to low, sterling lost around 40%, reaching $1.60.The pound recovered, and by the early 1980s, sterling was back above $2.40.Move forward eight years and we come to 1984 when the pound would drop by more than 55% to reach an all-time low against the dollar – $1.04 - in early 1985. This was during the miners' strike and shortly after the Falklands War, but the real issue was extraordinary US dollar strength, something which took collusion between the G5 nations of France, Germany, Japan, the US and the UK and the Plaza Accord of 1985 to depreciate it.Again sterling would recover – this time to $2.Eight years later and we come to the notorious cycle low of 1992 and Black Wednesday, the day that sealed George Soros's reputation with his bet against the pound. Sterling fell to $1.40 – a 30% loss - as the Bank of England took the UK out of the European Exchange Rate Mechanism.Eight years later, in 2000, the Dotcom bubble collapsed, and the pound lost 20% of its value, again falling to $1.40. (The pound is geared to financial markets. When they struggle it usually does too).But again it recovered. By 2007, it was above $2.10. Can you imagine? The pound above two bucks, and not so long ago.Then, in 2008, came the GFC and, yup, the pound lost 35%, hitting a low of $1.36. What did I say about the pound being geared to financial markets?The next low came in 2016 with the infamous Flash Crash , shortly after Theresa May's speech at the Conservative Party Conference. Having been above $1.70 at one point earlier in this cycle, it hit a low of $1.14, according to some measures. The overall drop from high to low was almost 35%. (As that $1.14 number came in the early hours of the morning, it is not showing up on the chart below).Here we are in 2024, eight years on. The next capitulation is due. Are we about to enter the drop zone? Could well be.Here is an illustration of the cycle. You can see how every eight years, the pound hits a low. (The chart starts at 1970, I couldn't find data going back to 1967-68).Show this chart to your friendsSo what's next?And how to protect yourself? And possibly even profit?

In this episode with Robert Breedlove and Shawn Baker, we discuss the relationship between beef and Bitcoin, why inflation is theft, the radical change in a technological paradigm, and the global adoption of Bitcoin. // HOST // Youtube: https://www.youtube.com/@DrShawnBakerPodcastWebsite: https://www.carnivore.diet/// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/NetSuite: https://netsuite.com/whatismoneyiCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/Mind Lab Pro: https://mindlabpro.com/breedloveCrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.comCarnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/// OUTLINE // 00:00:00 - Coming up 00:00:28 - Intro 00:02:01 - Helping Lightning Startups with In Wolf's Clothing 00:02:48 - Introduction and Robert's Background 00:04:40 - Bitcoin Enlightenment, Central Banking Monopoly, and Historical Currency Manipulation 00:11:49 - Absolute Power Corrupts Absolutely 00:15:20 - The Problem with Gold, The Nixon Shock 00:19:25 - How the US Went from Gold to Fiat Standard 00:22:55 - Why Inflation is Theft and What's Backing the Dollar Today 00:29:40 - The Importance of Studying Money 00:31:20 - Run Your Business from Anywhere with NetSuite 00:32:25 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:33:22 - How Many People Are Into Bitcoin 00:36:46 - Bitcoin and the Cantillon Effect 00:40:55 - Global Adoption of Bitcoin 00:45:32 - How Bitcoin Price is Going to Accelerate 00:50:30 - Bitcoin vs. Crypto Currencies 00:53:32 - Can Black Rock and Central Banks Corrupt Bitcoin? 00:56:55 - Enhance Your Brain Power with Mind Lab Pro 00:58:02 - Take Control of Your Healthcare with CrowdHealth 00:59:03 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 00:59:55 - Radical Change in a Technological Paradigm 01:03:20 - Smooth Transition vs. Chaotic Transition 01:06:00 - How Bitcoin Disincentives Warfare 01:08:33 - Bitcoin Banking System 01:11:10 - The Relationship Between Beef and Bitcoin 01:15:05 - When Should You Spent Your Bitcoin 01:17:50 - Where to Find Robert on the Internet// PODCAST // Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22

In this episode of the Mark Moss Show, we deep dive into a pivotal moment in financial history: The 53rd anniversary of the Nixon Shock, the moment President Richard Nixon ended the gold standard. Unraveling the implications of this seismic shift in global economics, we'll look at how money and politics have intertwined, causing ripples throughout society. We'll also discuss the age-old debate around the true nature of money, Bitcoin's role in the future economy, and question the ethical dimensions of debt in today's world. As we discuss the complexities of the financial world through the lens of politics, finance, and technology, we aim to shed light on the misunderstood dynamics of money's true power.See omnystudio.com/listener for privacy information.

SBTV spoke with the Silver Guru David Morgan about Nixon's closing of the gold window, Nixon Shock, and how the shockwave of Nixon Shock is still spreading. Epic things are on the way. Come see what David Morgan had to say about Nixon's aftershock.

Ben Norton discusses the rise and fall of US-led neocolonial financial order, from the 1944 Bretton Woods conference that established the US dollar as the global reserve currency; to the 1971 Nixon Shock that ended the gold standard, Volcker Shock, Third World debt crisis, and emergence of neoliberalism; and finally to the historic growth of China and consolidation of the Global South-led BRICS bloc. VIDEO: https://youtube.com/watch?v=XTq9P4avOEk

14 years after the original Death Note run ended, we were blessed with the return of familiar characters and introduced with a new one, Minoru Tanaka. A character whose ingenious actions causes the Shinigami king to create a new rule. This will be the last Death Note related episode between the boys as they discuss the manga's legacy and more. Skip synopsis @ 6:52   Email: WeAppreciateManga@Gmail.com   101: Death Note 2020 Special One-Shot Story by Tsugumi Ohba Art by Takeshi Obata   Plot Synopsis:   The Death god Ryuk is bored as usual and hungry for some more delicious apples, he goes back to the human world and finds someone who is intelligent enough to use the Death Note in new ways.   Ryuk gives Minoru Tanaka the same Death Note that Light Yagami used in exchange for apples, Of course Minoru knows of Light as the tyrannical Kira. A person who he now studies in his ethics class as a terrorist albeit Kira was successful at preventing wars and lowering crime rates, using the Death Note to rid the world of whomever he deemed as evil.   Minoru is different, in that he decides not to murder anyone but instead to sell the Death Note, he tells Ryuk that the world has changed since Kira had the Death Note and that to become like the next Kira would be more so difficult in a world where cameras are on every street corner and in everyone's pocket. Plus, people are aware of the existence of Ryuk and can identify him and the Death Note now.   Minoru hatches the plan that Ryuk goes to Sakura TV station so to announce the bid and have people use twitter and the hashtag “Power of Kira”   Ryuk will be untraceable so long as he travels underground, under earth, much to the chagrin of L, the surviving members of the NPA and the SPK.   It becomes apparent that the money for the bid is reaching beyond that of any individual to be able to afford, Minoru sends out Ryuk to relay the message that government and world leaders must use their PR representatives to announce their bid. Eventually the winner is announced to be the government of the United States of America.   To make the transfer of money discreet, Minoru has the US government transfer the winning amount worth 10 trillion dollars divided in equal parts to people under the age of 70, living in Tokyo and who also own a Yotsuba bank of Japan account.   Once Minoru deems the plan a success, he gives Ryuk the Death Note to pass on and tells him that he no longer wants to see him again, and that he will live his life happily thanks to the fortune from the U.S. government.   The plot twist, as Ryuk knows, is that the Death Note brings misfortune to those who touch it, and that is still the case. Before Ryuk gives the Death note to the US he is summoned by the Shinigami King, afterwards he tells the current US president of the time, Donald Trump that the rules of the Death Note have now changed.   Anyone who buys and sells the Death Note will die as punishment. The buyer dies upon receiving the Death Note and the seller upon receiving their currency.   Ryuk explains to Trump that although he will die upon acquiring the Death Note, the Death Note itself will still be owned by his second in command, and thus will become the property of the U.S. government. Trump however decides to abandon the Death Note but pretend that he still has it so that people will see him as a hero. Very Shrewd.   Topics and Facts:   The one shot made its public debut during Takeshi Obata's art exhibition, named Never Complete, before being published on Viz Media's website. It is now available as part of an anthology of short stories, released under Viz media. The main character Minoru is an intelligent character as was Light Yagami, unprecedented for a Death Note user is his pacifism, in terms of capitalist ideology you can consider Minoru a far better hero if not a better man than Light Yagami but what makes the series so good as a story is how it presents owning the Death Note as a moral dilemma.   We also talk about Near, who makes another appearance in this one-shot, having previously appeared in the 2008 ‘C – Kira' one-shot story.   Although this one-shot manga is satire it is important to note that when this was published the world was in the middle of a pandemic which threatened the economy and the lives of those from all walks of life. Tsugumi Ohba did not write this manga as a response to the pandemic nor the January 6 U.S. capitol attack, but one can still see it as a response to Trumpism. During president Donald Trumps' service, the country was (and as of 2023 still is) culturally divided. Possibly due to the newness of social media platforms propagating disinformation and propaganda. As of this episode air date January 28, 2023, political discourse worldwide is still dangerously tense.   “The Gold Standard” that James refers to is a monetary system that provides a fixed international exchange rate. James is correct in assuming that under such a standard the transaction for the Death Note is not feasible however, both countries would need to share the same kind of standard, and the buying country would need to be the larger provider of gold stock for the transaction to be completely beneficial to Japan. The U.S. does have the larger supply of gold stock compared to Japan, however as steven mentions, the U.S. has not used the standard since 1971, a decision dubbed the “Nixon Shock”. Because of this the U.S. can prevent a drastic economic deflation, which would happen if the U.S. if they were to buy the Death Note under a gold standard. There is also the “The Silver standard” which is more feasible of a monetary system because of silver having widespread stock worldwide, in retrospect it may seem absurd to consider gold stock as a fixed rate for international exchange, but one must keep in mind that the gold standard was after all created by the world dominating English empire.   Although it certainly seems Minoru did the right thing in comparison to his predecessor Light Yagami, one can wonder if such an auction could be successful to an economic boom, after all a country could place sanctions on the trading of WMDs (weapons of mass destruction) but then again what country could be powerful enough to threaten sanctions on the U.S. and Japan? Especially after the transfer of Kira's power?   A new (supposedly Netflix) adaptation Is to be written and executively produced by Halia Abdel-Meguid, it will be made by the ‘Upside Down pictures' production company. The same company responsible for ‘Stranger Things' created by the Duffer brothers.     Differences from the original 2003/'06 manga run and the 2015 NTV Mini Series:   L appears in all white clothing, more so like the character of Near in the manga. He also wears buttoned linen shirts, which Watari has multiples of ready whenever L wants to change. The Death Note that Gellus owns before Misa is coloured red, it appears black in the manga, however the manga explains that there are red and white coloured Death Notes that Shinigami own within the rules section. The Eraldo Coil character/alias that L uses is absent from the story but otherwise replaced with the name “Babel” which is possibly derived from the Hebrew word בָּלַל (bālal), meaning to jumble or to confuse. It also comes from the name “Tower of Babel” which is referred to in the bible as a tower reaching God, with its construction itself being mentioned in an origin myth for the world's languages. In the miniseries, Babel is not an alias of but is instead an associate of L. The real identity of Babel is Near a.k.a Nate River.   Near appears earlier in the story, before L dies. Near's appearance is also different, instead of wearing white pyjamas Near wears something that is a mix between a tailored suit and dungarees. They do however have a white bob hair style, albeit less curly than the manga. There is no SPK (Special Provision for Kira), instead after the death of L Near joins the same task force as the NPA, becoming the new L.   Teru Mikami appears much earlier in the story; he spies on Misa, then attacks and steals her Death Note after Light instructs her to dig it up in the woods. Like the manga this event happens after Light regains his memories of the Death Note. Rem does not kill L, instead Teru Mikami, having sided with Light and acquiring the Shinigami eyes, is the one to kill L whilst Rem remains passive throughout. Rem does not die through the events of the series and neither risks their life to save Misa. L's death occurs after he pulls off a desperate and crude tactic to frame Light. L gets Light alone and proceeds to write Light's name in the Death Note. Through the ordeal Light receives a text message from Mikami that shows L's real name. Light attacks L, then takes the Death Note and writes L's name down as a form of self-defence. This does not kill L, since L had Watari create a fake Death Note in order to trick and goad Light into using the note on L. Before L manages to use the fake note as evidence, he is killed by Mikami's Death Note and Light tells the task force that L told him his real name in order to goad him into an attack.   Mello is not a legitimate heir to L, instead he is a character that is trapped within the body of Near. Near having what is known as Disassociate Identity Disorder, otherwise known as “split personalities”. Sometimes Near keeps Mello at bay by having Mello talk through a ventriloquists' doll. Mello ends up taking full control later without the need for a doll, and dresses just like their anime/manga counterpart. Near/Mello are both male characters but they are played by a woman, Mio Yuki. Ryuk does not write Light's name in his Death Note, instead Light dies in a warehouse on fire trying to grab his Death Note, he begs Ryuk to make the eye trade with him but the book is already in flames at that moment and soon Light himself burns. (If my memory is correct, Light is so deluded at that point he forgets the death note is fake - J) Mikami is the one who starts the fire, in order to prevent the task force from arresting Light. Near is the dominant personality when Light is captured as Kira, and remains dominant throughout most of the episodes. Watari does not die; he survives to the end and assists Near after L's death.       Other references:     Facebook Instagram Twitter Official Website   Email

In this episode of his "Thinking Out Loud" series, Double D discusses the surging price of gasoline in the wake of the Russian invasion of Ukraine.Double D opens the video by citing several articles, including one from the New York Times, which outlines the drastic increase in fuel over the weeks following Russia's invasion of Ukraine. He claims that the fossil fuel industry was already raking in record profits, justifying their predatory pricing by using a reopening economy as an excuse to ream Americans at the pump. He goes on to show that those same corporations are now using the War in Ukraine to price gouge even more; citing the fact that from January 1st to February 24th, the price of gas increased 24%, while in the days following the initial invasion, the price increased by 17%.Double D attempts to discredit corporate justifications for criminal pricing, citing the fact that the US imports only 8% of its crude from Russia, is almost completely self-sufficient in oil and natural gas production, and that the fossil fuel industry has recently used massive profits to increase dividends and engage in stock share buybacks; a move which only increases their bottom line.Double D continues by claiming that even in our current "free market system", there are government measures which should be taken to protect consumers from supposed "market volatility." Noting the massive infrastructure of emergency oil caches known as the Strategic Petroleum Reserve, and recalling the "Nixon Shock" price controls of the 1970's, which put a 90 day freeze on raising prices for essential commodities.Double D then dispels the notion that exorbitant gas prices are a global phenomena, providing current market data on the price of gasoline for countries which have nationalized fossil fuel infrastructure.Ending the video, Double D calls for the nationalization of energy production. Suggesting that so long as our energy system is ran as a racket, price gouging at the pump will only grow worse as the tensions of an increasingly multipolar world provide continuous excuses for an endlessly greedy capitalist class.

A potential series on understanding the transition of the US economy in the Crisis of the 1970s: The episode on foreign exchange, gold convertibility, and the Nixon Shock of August 15, 1971. (A Bill solo episode recorded Jan 12, 2022.) Links and notes (PDF): http://arsenalfordemocracy.com/wp-content/uploads/2022/01/Bonus-AFD-Ep-407-Links-and-Notes-That-70s-Woe_-Nixons-Gold.pdf The post [Bonus] That 70s Woe: Nixon's Gold – Arsenal For Democracy Ep. 407 appeared first on Arsenal For Democracy.

Fan of the show? https://www.patreon.com/newleftradio (Support us on Patreon)! Postmodernism permeates our lives and has fundamentally changed our world. Entwined with neoliberalism, our societies and our lives and our governments have been changed by these two ideological movements. Our social safety nets and our socio-economic ladders have ben cut away and we have been left with a world that may be unsalvagable. Stuart Jeffries joins us to discuss and explore what this new type of capitalism means for our future. Links https://www.versobooks.com/books/3875-everything-all-the-time-everywhere (Buy Everything, All the Time, Everywhere) About Everything, All the Time, Everywhere: How We Became Postmodern Postmodernism stood for everything modernism rejected: fun, exuberance, irresponsibility. But beneath its glitzy surface, postmodernism had a dirty secret: it was the fig leaf for a rapacious new kind of capitalism. It was the forcing ground of “post truth,” by means of which western values were turned upside down. But where do these ideas come from and how have they impacted on the world? In this brilliant history of a dangerous idea, Stuart Jeffries tells a narrative that starts in the early 1970s and still dominates our lives today. He tells this history through a riotous gallery that includes, among others: David Bowie, the iPod, Madonna, Jeff Koons's the Nixon Shock, Judith Butler, Las Vegas, Margaret Thatcher, Grand Master Flash, I Love Dick, the RAND Corporation, the Sex Pistols, Princess Diana, Grand Theft Auto, Jean Baudrillard, Netflix, and 9/11. We are today scarcely capable of conceiving politics as a communal activity because we have become habituated to being consumers rather than citizens. Politicians treat us as consumers to whom they must deliver. Can we do anything other than suffer from buyer's remorse? About Stuart Jeffries Stuart Jeffries is a journalist and author. He was for many years on the staff of the Guardian, working as subeditor, TV critic, Friday Review editor and Paris correspondent. He now works as a freelance writer, mostly for the Guardian, Spectator, Financial Times and the London Review of Books. Stay connected with the latest from New Left Radio by https://newleft.us6.list-manage.com/subscribe?u=8227a4372fe8dc22bdbf0e3db&id=e99d6c70b4 (joining our mailing list) today! _________ Support this podcast

I traveled to Phoenix, AZ to meet with Max Keiser on his F* Elon Tour. We've covered a couple of interesting topics on Afghanistan, the fiat standard, Bitcoin, and the parallels between the graveyard of empires and today. Afghanistan's decentralized country is hard to kill, and so is Bitcoin. The world is changing fast, and we see a global consensus that the fiat standard is crashing down, coming closer to its end — and a lot of people are concerned. But what many fail to realize is that we have a plan B, which is Bitcoin. As long as we have our 12 phrases, we can travel anywhere across the world with it. So the question now is how long do we wait and hold before we come out the victors? Tune in with Max Keiser.

TOPICS by TIMECODE0:00 Dr. Lee Merritt, drleemerritt.com, on why this is not a vaccine, shedding issues, legal challenges, more  Why are we ignoring adverse effects from cardiopulmonary to tumors, paralysis and others, and continuing at Warp Speed? 44:13 Gov Asa Hutchinson (R-Arkansas) taken to task by the people in a public forum over his medical tyranny49:46 On the anniversary of the “Nixon Shock” when Nixon & Kissinger took us off the gold standard, Tony Arterburn (WiseWolf.gold) joins to talk about money past — and FUTURE1:27:09 Many people are facing a difficult choice of being forced out of their jobs unless take the Trump jab. What will happen to YOU and YOUR family? It depends on who you trust.1:31:47 Eric Peters, EPautos.com, “What Happened to the REAL Electric Car” — and what is being done to our liberty and mobility in the name of pandemics & climate change.  Then Eric gives us a car review of an affordable, fun automotive escape.  And, what he is personally doing to prepare for life as an unvaxed untouchable.2:16:54 Mitt Romney: “My Health Trumps Your Liberty”2:24:25 RFK, Jr on Bill Gates' control of WHO and how Gates partners with Fauci for BigPharma control of our lives2:26:43 Vaccine Mandate cheered by vast majority of  Republicans in Congress and State governments.  A look at who is on the side of liberty and informed consent and who's merely posing as they virtue signal about liberty but leave corporate coercion and other stealth mandates in placeFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughZelle: @DavidKnightShow@protonmail.comCash App at:  $davidknightshowBTC to:  bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Mail:         David Knight         POB 1323         Elgin, TX 78621

TOPICS by TIMECODE 0:00 Dr. Lee Merritt, drleemerritt.com, on why this is not a vaccine, shedding issues, legal challenges, more  Why are we ignoring adverse effects from cardiopulmonary to tumors, paralysis and others, and continuing at Warp Speed?  44:13 Gov Asa Hutchinson (R-Arkansas) taken to task by the people in a public forum over his medical tyranny 49:46 On the anniversary of the “Nixon Shock” when Nixon & Kissinger took us off the gold standard, Tony Arterburn (WiseWolf.gold) joins to talk about money past — and FUTURE 1:27:09 Many people are facing a difficult choice of being forced out of their jobs unless take the Trump jab. What will happen to YOU and YOUR family? It depends on who you trust. 1:31:47 Eric Peters, EPautos.com, “What Happened to the REAL Electric Car” — and what is being done to our liberty and mobility in the name of pandemics & climate change.  Then Eric gives us a car review of an affordable, fun automotive escape.  And, what he is personally doing to prepare for life as an unvaxed untouchable. 2:16:54 Mitt Romney: “My Health Trumps Your Liberty” 2:24:25 RFK, Jr on Bill Gates' control of WHO and how Gates partners with Fauci for BigPharma control of our lives 2:26:43 Vaccine Mandate cheered by vast majority of  Republicans in Congress and State governments.  A look at who is on the side of liberty and informed consent and who's merely posing as they virtue signal about liberty but leave corporate coercion and other stealth mandates in place Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation through Zelle: @DavidKnightShow@protonmail.com Cash App at:  $davidknightshow BTC to:  bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7 Mail:          David Knight          POB 1323          Elgin, TX 78621

Once President Nixon had abandoned the gold standard, the US could expand its money supply without being constrained by its holdings of bullion. This made it easier to issue debt to finance growth. This ability has been important in supporting the economy during the pandemic. Unprecedented monetary stimulus saw the pandemic-led recession last just two months, the shortest ever, but as financial markets grow increasingly dependent on the waves of central bank liquidity, there may be aftershocks as it is withdrawn. SUBSCRIBEStay up to date with our latest insights, subscribe to our mailing list here and choose the topics you're interested in: https://bit.ly/2SKomDqGET IN TOUCH:Have any feedback? We're listening, email us at: podcast@smithandwilliamson.comFOLLOW US:Twitter - @SmithWilliamsonLinkedIn - @Smith&WilliamsonThis episode was recorded on 31/08/2021Capital at risk. Please remember the value of investments and the income from them can fall as well as rise and investors may not receive back the original amount invested. Past performance is not a guide to future performance.This S&W The Pulse podcast is of a general nature and is not a substitute for professional advice. No responsibility can be accepted for the consequences of any action taken or refrained from as a result of what is said. The views expressed are not necessarily those of the presenter or of Smith & Williamson or any of its affiliates. No reproduction of this podcast may be made in whole or in part for professional or recreational purposes. No action should be taken based on this podcast and we accept no liability if we change your views on any of the subjects mentioned. Smith & Williamson Investment Management LLPAuthorised and regulated by the Financial Conduct Authority. Registered No 580531

The history of the Nixon Shock doesn't begin in 1971, it goes all the way back to 1792. As Keith wrote about in his article, Nixon's decision to close the gold window was the culmination of a long history of bad decisions. Decisions where government repeatedly and wrongly interfered in matters of money and credit, where each subsequent decision compounded the ill-effects of the previous one. In other words, the Nixon Shock is the not-so-grand-finale of a long and checkered history of the federal government messing with people's money.

In this episode of the Keiser Report, Max and Stacy look at the World Economic Forum encouraging people to embrace fear, anger and sadness and to reject ‘toxic positivity.' In the second half, Max chats to David Morgan of the Morgan Report about losing Kabul on the 50th anniversary of the Nixon Shock.

From the Nixon Shock to Biden-flation by Ron Paul Liberty Report

Bob gives a brief history of money in the United States, explaining that the dollar was much “harder” in, say, 1810 than it was in 1910. This explains why there was significant consumer price inflation even in 1970, the year before Richard Nixon officially severed the dollar's link to gold. Mentioned in the Episode and Other Links of Interest: Bob's chapter in the new book, Understanding Money Mechanics, discussing the history of the US gold/silver standardsHis chapter on Mises' theory of the business cycleBob's articles discussing the 50th anniversary of Nixon closing the gold window: (1) Basic intro, (2) discussing the different regimes of the US gold standard, and (3) explaining the different inflation rates and the connection to Austrian business cycle theory [Note that this third article hadn't posted as of the original publication of the podcast episode; this link will be updated when available.]Bob's article in the Quarterly Journal of Austrian Economics on Mises' theory of the business cycle. ​For more information, see BobMurphyShow.com. The Bob Murphy Show is also available on Apple Podcasts, Google Podcasts, Stitcher, Spotify, and via RSS.

Bob gives a brief history of money in the United States, explaining that the dollar was much “harder” in, say, 1810 than it was in 1910. This explains why there was significant consumer price inflation even in 1970, the year before Richard Nixon officially severed the dollar's link to gold. Mentioned in the Episode and Other Links of Interest: Bob's chapter in the new book, Understanding Money Mechanics, discussing the history of the US gold/silver standardsHis chapter on Mises' theory of the business cycleBob's articles discussing the 50th anniversary of Nixon closing the gold window: (1) Basic intro, (2) discussing the different regimes of the US gold standard, and (3) explaining the different inflation rates and the connection to Austrian business cycle theory [Note that this third article hadn't posted as of the original publication of the podcast episode; this link will be updated when available.]Bob's article in the Quarterly Journal of Austrian Economics on Mises' theory of the business cycle. ​For more information, see BobMurphyShow.com. The Bob Murphy Show is also available on Apple Podcasts, Google Podcasts, Stitcher, Spotify, and via RSS.

50 years ago this month, it all went to s**t. WTF happened?. See acast.com/privacy for privacy and opt-out information. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit frisby.substack.com/subscribe

50 years ago this month, it all went to shit. WTF happened?. See acast.com/privacy for privacy and opt-out information.

Bob gives a brief history of money in the United States, explaining that the dollar was much "harder" in, say, 1810 than it was in 1910. This explains why there was significant consumer price inflation even in 1970, the year before Richard Nixon officially severed the dollar's link to gold. Mentioned in the Episode and Other Links of Interest: https://mises.org/wire/brief-history-gold-standard-focus-united-states (Bob's chapter) in the new book, https://mises.org/library/understanding-money-mechanics-0 (Understanding Money Mechanics), discussing the history of the US gold/silver standards. His chapter https://mises.org/wire/ludwig-von-misess-circulation-credit-theory-trade-cycle (on Mises' theory of the business cycle). Bob's articles discussing the 50th anniversary of Nixon closing the gold window: (1) https://www.fraserinstitute.org/article/learn-from-nixon-shock-control-central-bankers-limit-ability-to-debase-currency (Basic intro), (2) discussing the https://thehill.com/opinion/finance/568480-after-the-gold-standard-we-got-bigger-government-and-a-smaller-dollar (different regimes of the US gold standard), and (3) explaining the different inflation rates and the connection to Austrian business cycle theory. [Note that this third article hadn't posted as of the original publication of the podcast episode; this link will be updated when available.] https://mises.org/library/more-quibbles-problems-theory-and-history-fractional-reserve-free-banking (Bob's article in the Quarterly Journal of Austrian Economics) on Mises' theory of the business cycle. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show. The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).

PART 01: What did the Federal Reserve think about gold and the Nixon Shock in 1971? According to the transcripts they didn't think much about gold, neither pre- nor post-announcement. The Fed did not see the move as a release from its 'golden fetters' so as to dominate the monetary order.PART 02: The US Treasury Department released their Treasury International Capital, one of the keyholes analysts can look through to get a sense what is happening in the eurodollar system. Jeff Snider explains three items that caught his attention. Three concerns.PART 03: German financiers and American consumers reported HISTORIC DROPS in optimism in August. Meanwhile, in Britain and Japan, consumer confidence remains steady though both nations are reporting they intend to consume less. 'Not great, Bob!'-----SEE EPISODE 96-------Alhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisL-----HEAR EPISODE 96-----Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr-----EP. 96 REFERENCES----The Two Big Anniversaries of August: The Lost Decade (plus) Of The ‘Fiat' Half Century: https://bit.ly/3gkpENPA TIC Trio of More Serious Deflation Potential: Asset Rebound, Banks Can't Borrow T-bills From Foreigners, And The China Cringe Which Goes Along: https://bit.ly/3zjhBs0Germans Got Global: https://bit.ly/3D6sCPWThe Third Of The Transitory Inflation Trifecta And Today's Surprisingly Consistent Ugly Surprise: https://bit.ly/3mmSoJYAlhambra Investments Blog: https://bit.ly/2VIC2wWlinRealClear Markets Essays: https://bit.ly/38tL5a7-----------WHO-------------Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Art by lead Bedouin driving the camel train of monetary satire, David Parkins.  Podcast intro/outro is "Multidimensional" by Sarah, the Illstrumentalist from Epidemic Sound.

Toen Sebastiaan van der Lans de vorige keer in de Cryptocast te gast was, stond zijn bedrijf Wordproof nog in de kinderschoenen. Ruim anderhalf jaar later is er veel veranderd. Niet alleen werkt het bedrijf nu met meerdere blockchains, ook wonnen zij vorig jaar de competitie 'Blockchain for Social Good', uitgeschreven door de Europese Commissie. Met één miljoen euro op zak (prijzengeld) en een middenin een pandemie vol nepnieuws vonden wij het een mooi moment om Sebastiaan weer eens uit te nodigen. Ook is er aandacht voor DNB, die Nederlandse consumenten waarschuwt voor Binance en staan we stil bij 50 jaar Nixon Shock.

Max and Stacy ask what would have happened had China shut down for the past year as did much of the West. Without supplies of goods on which to spend stimulus checks, what would the inflation picture look like? They then ask whether or not China is using this historic moment to burn their Treasure Fleet instead of capitalizing on their manufacturing advantage. In the second half, Max continues his interview with Alasdair Macleod of GoldMoney.com about his latest piece, ‘The Extinction of Gold Derivatives', and what it has to do with the Nixon Shock and the Basel III net stable funding ratio.

Exactly 50 years to the day after the "Nixon Shock" of Sunday, August 15, 1971, we are facing the consequences of the same: excessive debt, unstable financial system, increasing inequality. A look back at the last decades and the question of the future are the topics of the 92nd episode of "bto 2.0 - the economics podcast" with Dr. Daniel Stelter. Joining him is William White, former Chief Economist of the Bank for International Settlements (BIS). For daily analysis, commentary and assessments of the economic and financial situation, visit www.think-bto.com. You can reach the editorial team at podcast@think-bto.com. We welcome your opinions, suggestions and criticism.

On this episode of “The Breakdown,” host NLW takes a step back from the nitty-gritty of markets and politics to examine current events from the global macro perspective, including: The 50th anniversary of the “Nixon Shock” – aka the end of the gold standard Afghanistan news and the fall of Kabul This weekend marked the 50th anniversary of when President Richard Nixon decoupled the USD from the gold standard. That event in 1971, which upended the world of finance, contributed in a large way to the rise of cryptocurrencies. The site “WTF Happened In 1971?” has chronicled the impacts of Nixon's decision in the years since with extensive data covering wages, productivity and more. Can 50 years of financial transformations be traced back to one event? In global news, the Afghan government's struggle against the Taliban has reached a critical point as Taliban forces have taken Kabul, the capital. The news comes after the U.S. withdrew its troops after a 20-year war. This global event is bound to affect the financial system, but it also has ties to cryptocurrencies as they are a new, completely external tool to provide citizens in tumultuous regions agency over their money in a way that has never been possible before.  Enjoying this content?   SUBSCRIBE to the Podcast Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=   Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Paula Bronstein/Stringer/Getty Images News, modified by CoinDesk.

Big-picture power shifts from the past, present and future shape the financial world.This episode is sponsored by NYDIG.On this episode of “The Breakdown,” host NLW takes a step back from the nitty-gritty of markets and politics to examine current events from the global macro perspective, including:The 50th anniversary of the “Nixon Shock” – aka the end of the gold standardAfghanistan news and the fall of KabulThis weekend marked the 50th anniversary of when President Richard Nixon decoupled the USD from the gold standard. That event in 1971, which upended the world of finance, contributed in a large way to the rise of cryptocurrencies.The site “WTF Happened In 1971?” has chronicled the impacts of Nixon's decision in the years since with extensive data covering wages, productivity and more. Can 50 years of financial transformations be traced back to one event?In global news, the Afghan government's struggle against the Taliban has reached a critical point as Taliban forces have taken Kabul, the capital. The news comes after the U.S. withdrew its troops after a 20-year war. This global event is bound to affect the financial system, but it also has ties to cryptocurrencies as they are a new, completely external tool to provide citizens in tumultuous regions agency over their money in a way that has never been possible before. -NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.-“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Paula Bronstein/Stringer/Getty Images News, modified by CoinDesk.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On a  Sunday night in 1971, many Americans were at home watching “Bonanza” when President Nixon interrupted the broadcast to share some urgent news. He was taking the US off the gold standard, a move that completely upended the world's economic order and became part of a series of policy changes that became known as “the Nixon Shock.” In this episode, NPR's Chief Economics Correspondent Scott Horsley talks with Jeffrey Garten, former Undersecretary of Commerce in the Clinton Administration, about what this move meant for the US economy and its implications today. Guests: Scott Horsley, NPR's Chief Economics Correspondent; Jeffrey E Garten, Dean Emeritus, Yale School of Management, former Undersecretary of Commerce, and author of Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy Host: Philip Yun, President and CEO, World Affairs If you appreciate this episode and want to support the work we do, please consider making a donation to WorldAffairs. We cannot do this work without your help. Thank you.

On today's show, Lou talked about the Gold Standard.- What is the Gold Standard?- What happens when a country goes off the Gold Standard.- The Nixon Shock.- Advantage & Disadvantage of the Gold Standard.- Long Term Financial Planning.- WOKE Craziness.- Vaccination Headlines.- Virginia Teacher.- $300 Trillion Stimulus Budget. 

This week on “Money Reimagined,” we reflect back on the “Nixon Shock” of Aug. 15, 1971 - 50 years ago this week – when the dollar was removed from its peg to gold and the world of finance was turned upside down. This episode is sponsored by Unique One Network.Eswar Prasad, an economics professor at Cornell University, senior fellow at the Brookings Institution and author of a number of books on currencies and the international monetary system, joined Michael Casey and Sheila Warren to discuss the legacy of this moment. Also chiming in was CoinDesk's managing editor of podcasts, Adam B. Levine. When President Richard Nixon made his drastic decision to remove the dollar from its peg to gold, it prompted all other countries to de-peg their currencies from the dollar, thereby ending the Bretton Woods managed exchange rate system that had been in place since 1944. By extension, it kickstarted the era of fiat currencies that we still live in.The world that emerged out of that move – one in which the supply of currencies was now at the discretion of monetary officials – set the tone for the current challenges of the global financial system and the powerful role that central banks now play. This monetary history also provides vital context for the efforts by bitcoin and cryptocurrency advocates to build an alternative to that system. Prasad recognized the disruption that digital currency technology seems poised to bring to the world of money and sees a competition for supremacy emerging. However, he was lukewarm about the utility of bitcoin in that future, in part because he believes the element that most bitcoiners are drawn to – its fixed supply – is more of a bug than a feature. The real risk in the global economy, he says, is a fall in prices, not inflation. To stave off the threat of a self-destructive deflationary spiral, he said, monetary issuers need discretionary power to increase money supplyThat set up a healthy debate with Levine, who argued for the superiority of the Bitcoin protocol's predictable supply function to generate public “trust” over the discretion of central bankers and who claimed that inflation has been severely understated ever since the Nixon Shock.-Unique One Network is an interoperable platform for DeFi-enabled NFT marketplaces, in a variety of sectors, built on Polkadot Parity Substrate. Unique One Network's cross-chain NFT hub facilitates transfers between a variety of blockchains and ecosystems, unleashing the power of NFTs with myriad innovative capabilities. Find out more at Unique One Network.-Image credit: Bettmann/CORBIS/Bettmann Archive via Getty, modified by CoinDeskSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week on “Money Reimagined,” we reflect back on the “Nixon Shock” of Aug. 15, 1971 - 50 years ago this week – when the dollar was removed from its peg to gold and the world of finance was turned upside down. This episode is sponsored by Unique One Network.Eswar Prasad, an economics professor at Cornell University, senior fellow at the Brookings Institution and author of a number of books on currencies and the international monetary system, joined Michael Casey and Sheila Warren to discuss the legacy of this moment. Also chiming in was CoinDesk's managing editor of podcasts, Adam B. Levine. When President Richard Nixon made his drastic decision to remove the dollar from its peg to gold, it prompted all other countries to de-peg their currencies from the dollar, thereby ending the Bretton Woods managed exchange rate system that had been in place since 1944. By extension, it kickstarted the era of fiat currencies that we still live in.The world that emerged out of that move – one in which the supply of currencies was now at the discretion of monetary officials – set the tone for the current challenges of the global financial system and the powerful role that central banks now play. This monetary history also provides vital context for the efforts by bitcoin and cryptocurrency advocates to build an alternative to that system. Prasad recognized the disruption that digital currency technology seems poised to bring to the world of money and sees a competition for supremacy emerging. However, he was lukewarm about the utility of bitcoin in that future, in part because he believes the element that most bitcoiners are drawn to – its fixed supply – is more of a bug than a feature. The real risk in the global economy, he says, is a fall in prices, not inflation. To stave off the threat of a self-destructive deflationary spiral, he said, monetary issuers need discretionary power to increase money supplyThat set up a healthy debate with Levine, who argued for the superiority of the Bitcoin protocol's predictable supply function to generate public “trust” over the discretion of central bankers and who claimed that inflation has been severely understated ever since the Nixon Shock.-Unique One Network is an interoperable platform for DeFi-enabled NFT marketplaces, in a variety of sectors, built on Polkadot Parity Substrate. Unique One Network's cross-chain NFT hub facilitates transfers between a variety of blockchains and ecosystems, unleashing the power of NFTs with myriad innovative capabilities. Find out more at Unique One Network.-Image credit: Bettmann/CORBIS/Bettmann Archive via Getty, modified by CoinDeskSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On August 15, 1971, President Richard Nixon suspended the convertibility of the US Dollar into gold, effectively ending the Bretton Woods Agreement that had been put in place after WW2 to stabilize the postwar economy. Host Ed Coyne is joined by Jim Grant, founder and editor of Grant's Interest Rate Observer to look back at this significant event in monetary history. In this lively conversation Jim and Ed dig into how it came about, Nixon's motivations and where we are today fifty years into the fiat currency era. 

TOPICS by TIMECODE1:58 Bannon, Cyber Symposium is Misdirection. Steve Bannon identified 3 issues he believed were THE issues to getting our country back. The Trump cult is still misdirecting people from the GreatReset.14:07 Jim Crow is coming back in Atlanta with racial segregation. This time it's to segregate the evil white people instead of the evil black people.16:50 Homeschooling has QUADRUPLED since Trump's pandemic began24:26 The Worst Governor in USA? It's a long list. Newsom & Cuomo, first to lockdown, and Newsom looks to join Cuomo as the first to go.46:54 GRASSROOTS UPRISING: People Rail Against GOP Gov for His Covid Lies. Gov. Asa Hutchinson, Arkansas is selling Covid panic and mask mandates and th people of Arkansas are not fooled _ and they're not taking it anymore52:53 TN Gov Bill Lee, Exec Order 83 — is it laying the groundwork for forced quarantines, isolation facilities, involuntary commitment?1:11:57 Death Risk: VIRUS vs VIOLENCE. By the numbers in Chicago, NY, New Orleans, Milwaukee1:22:53 Stanford & other universities are mandating vaccines, AND mask, AND weekly testing. Barrett & Supreme Court give indication they are going to allow mandates1:34:48 Vaccine Mandate? “Wretched Radio” Says Obey Govt in All Things. Everyone knows the legal foundations have been destroyed so Christians are wondering what to do about “Vaccine” Mandates. Todd Friel, Wretched Radio, says if they tell you to wear pinwheels on your head, you do it. Here's why I disagree…1:49:12 Rationale for Vaccine Mandates & Passports DESTROYED by CDC & UK's NHS. Admissions by CDC, forced by recent data has forced the CDC to abandon the fallacy that the jab prevents transmission. UK's NHS says you can declare your medical exemption.2:03:20 "Nixon Shock”: 50th Anniversary of Fiat Falsehoods As global central bankers prepare for the next currency shock, Tony Arterburn, WiseWolf.gold, looks at the lies & consequences of Nixon's action and what lies ahead for gold & crypto2:40:59 Afghanistan's rapid collapse is accelerating. Only Kabul is left and there's a race to evacuate Americans2:49:37 Australia Practices Bicepsual Swarz-A-Nazi's Contempt for Freedom. Muscle-head, literal Nazi, shows his contempt for freedom. Look at Australian capital. A single test case puts 460,000 people under house arrestFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughZelle: @DavidKnightShow@protonmail.comCash App at:  $davidknightshowBTC to:  bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Mail: David Knight POB 1323 Elgin, TX 78621

TOPICS by TIMECODE 1:58 Bannon, Cyber Symposium is Misdirection.  Steve Bannon identified 3 issues he believed were THE issues to getting our country back.  The Trump cult is still misdirecting people from the GreatReset. 14:07 Jim Crow is coming back in Atlanta with racial segregation.  This time it's to segregate the evil white people instead of the evil black people. 16:50 Homeschooling has QUADRUPLED since Trump's pandemic began 24:26 The Worst Governor in USA?  It's a long list.  Newsom & Cuomo, first to lockdown, and Newsom looks to join Cuomo as the first to go. 46:54 GRASSROOTS UPRISING: People Rail Against GOP Gov for His Covid Lies. Gov. Asa Hutchinson, Arkansas is selling Covid panic and mask mandates and th people of Arkansas are not fooled _ and they're not taking it anymore 52:53 TN Gov Bill Lee, Exec Order 83 — is it laying the groundwork for forced quarantines, isolation facilities, involuntary commitment? 1:11:57 Death Risk: VIRUS vs VIOLENCE. By the numbers in Chicago, NY, New Orleans, Milwaukee 1:22:53 Stanford & other universities are mandating vaccines, AND mask, AND weekly testing.  Barrett & Supreme Court give indication they are going to allow mandates 1:34:48 Vaccine Mandate? “Wretched Radio” Says Obey Govt in All Things.  Everyone knows the legal foundations have been destroyed so Christians are wondering what to do about “Vaccine” Mandates.  Todd Friel, Wretched Radio, says if they tell you to wear pinwheels on your head, you do it.  Here's why I disagree… 1:49:12 Rationale for Vaccine Mandates & Passports DESTROYED by CDC & UK's NHS. Admissions by CDC, forced by recent data has forced the CDC to abandon the fallacy that the jab prevents transmission.  UK's NHS says you can declare your medical exemption. 2:03:20 "Nixon Shock”: 50th Anniversary of Fiat Falsehoods  As global central bankers prepare for the next currency shock, Tony Arterburn, WiseWolf.gold, looks at the lies & consequences of Nixon's action and what lies ahead for gold & crypto 2:40:59 Afghanistan's rapid collapse is accelerating.  Only Kabul is left and there's a race to evacuate Americans 2:49:37 Australia Practices Bicepsual Swarz-A-Nazi's Contempt for Freedom.   Muscle-head, literal Nazi, shows his contempt for freedom.  Look at Australian capital.  A single test case puts 460,000 people under house arrest.   Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation through Zelle: @DavidKnightShow@protonmail.com Cash App at:  $davidknightshow BTC to:  bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7 Mail:          David Knight          POB 1323          Elgin, TX 78621

Professor Jonathan Kirshner (Boston College) and Dr László Andor, FEPS Secretary General, mark in this podcast episode the 50th anniversary of the “Nixon shock”, the day when the convertibility of the US dollar to gold was suddenly ended. They discuss how in the post-war decades great imbalances developed in the global financial system which eventually brought the Bretton Woods currency arrangements to an end. This regime change is considered as a critical step by many economic historians which then motivated Western Europe to seek a greater monetary stability through deeper integration (creating the EMS and the EMU). For the euro to play a stronger international role, and serve as a pillar of strategic autonomy, Prof Kirshner points to criteria outlined in the optimum currency area theory: having a more robust common fiscal policy but less barriers to labour mobility. A return to gold should not be considered (could only lead to deflationary bias). Kirshner and Andor also elaborate on the personality of President Nixon, surrounded by influential figures like Henry Kissinger, Milton Friedman and John Connally – neither of whom encouraged Nixon to sacrifice domestic priorities for stabilising the international order or multilateral institutions. The conversation ends with an update of the reading list and even cinema recommendations related to political economy.

PART 01: Fifty years ago the "Nixon Shock" closed the 'Gold Window' on "international speculators" and killed the Bretton Woods gold exchange era. That's what we're told. Actually, Bretton Woods died a decade (or more!) earlier; it's just that we only noticed in 1971.PART 02: The IMF will 'print' $650 billion -- BILLION! -- in SDR-money to help with global liquidity. BIG numbers! BIG Deal! But we've heard this before from the IMF, like in 2009, their last BIGGEST EVER allocation, which was as effective as QE1, QE2, QE3, QE4, QE5, QE6... PART 03: "This might be one of the biggest downward revisions I have ever observed," says Jeff Snider. The benchmark revision to Real Personal Income ERASED billions of dollars in presumed earnings from US workers since 2015, and especially in 2020 to 2021. "Truly stunning."-----SEE EPISODE 94-------Alhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisL-----HEAR EPISODE 94-----Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr----EP. 94a REFERENCES----No Matter What They Say, the Future Isn't Inflationary: https://bit.ly/3AjfK6NRealClear Markets Essays: https://bit.ly/38tL5a7----EP. 94b REFERENCES----Sophistry Dressed (as) Reallocation: https://bit.ly/3rZOhUMAlhambra Investments Blog: https://bit.ly/2VIC2wWlin----EP. 94c REFERENCES----Inflation Estimates (PCE) *Totally* Overshadowed By Benchmark Income Revisions, And The (Deflationary) Implications of Them: https://bit.ly/3yB5JkY-----------WHO-------------Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Art by David Parkins. Podcast intro/outro is "Sweet Distraction" by Ealot from Epidemic Sound.

In this episode of Keiser Report, Max and Stacy look at the data showing ‘no resistance' to price increases as money printing and stimulus checks encourage Americans to pay whatever the price is without negotiation. In the second half, Max chats to Craig Hemke of TF Metals Report about the Nixon Shock, 50 years later. They also discuss the latest news on market manipulation in the precious metals market.

Jeffrey Garten was Dean of the Yale School of Management until 2005, before that Undersecretary of Commerce for International Trade, and before that a Wall Street investment banker. In his new book, Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy, he tells a detailed narrative of the forces and protagonists that led up to the “Nixon Shock” and the breakdown in the gold standard that altered the post-war economic order. In a conversation with Philipp Carlsson-Szlezak, BCG's global chief economist, Garten argues that the “Nixon Shock” was the right decision, and that the US is experiencing many similar pressures today, and that — while calling a turning point is difficult — the global monetary order may be nearing one. *** About the BCG Henderson Institute The BCG Henderson Institute is the Boston Consulting Group's think tank, dedicated to exploring and developing valuable new insights from business, technology, economics, and science by embracing the powerful technology of ideas. The Institute engages leaders in provocative discussion and experimentation to expand the boundaries of business theory and practice and to translate innovative ideas from within and beyond business. For more ideas and inspiration, sign up to receive BHI INSIGHTS, our monthly newsletter, and follow us on LinkedIn and Twitter.

We talk about the history of American MONEY, banking & Nixon closing the Gold Window in 1971 after a bank run on the Federal Reserve and Fort Knox. 

In today's episode of Fault Lines, hosts Jamarl Thomas and Shane Stranahan discussed a variety of issues in the news including the latest frightening coronavirus numbers, the ongoing protests, and anonymously sourced accusations that Russia was targeting US soldiers.GUESTSNiko House - Political Activist and Broadcast Journalist, founder and CEO of the MCSC Network | BLM Protests and Florida's COVID SituationMark Sleboda - International Relations & Security Analyst | New Anti-Russia Fake NewsTom Luongo - Geopolitical Analyst & Publisher of the Gold Goats 'n Guns Newsletter | Bretton Woods, The Nixon Shock, and The USD As A Reserve CurrencyWilliam Craddick - Founder of Disobedient Media | Jeffrey EpsteinIn his monologue, Jamal talked about the latest unproven accusations from the New York Times and Washington Post that Russian intelligence were offering bounties for the Taliban to kill US troops.In the first hour, Shane and Jamarl talked to political analyst and activist Niko House about how the COVID-19 pandemic has affected essential workers, many of whom are people of color. Niko also discussed his experience with the protests and the police from his vantage point in Miami, Florida. They also discussed where they see the protests going, especially with the election coming in November.In the second hour they talked to Moscow-based geopolitical analyst Mark Sleboda about the accusations against Russia by intelligence agencies and how the claims are being accepted by so many in the absence of any proof.Then they spoke to libertarian Tom Loungo about his radical views on the world economy where he sees a system that is merging Marxism and Keynesianism and how central banks are causing corruption around the world. They also discussed the international debt crisis and whether the only option at this point is a complete reset.In the third hour, the hosts talked to journalist William Craddick about the latest developments in the Jeffrey Epstein case, including competing motions from legendary attorney Alan Dershowitz and one of Epstein's victims to keep records sealed. They also discuss the role of Ghislaine Maxwell in the Epstein saga and how Epstein seems to have operated as a freelance seller of information.