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RE: Bitcoin To Replace The Dollar And Gold? Jeff Berwick On Crush The Street
Since the gold standard took hold in 1971 people have seen that it’s not the be all and end all. It’s time for something to replace gold, and blickchain technology seems like the best option for security and viability.
Gold standard ended in 1971. The Fed stopped backing the dollar with gold, Saudis forced countries to buy oil with dollars, and the rest of the world decided to go along.