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"Fiat money: it’s valuable just because the government says it is, but we all know they’re going to just print more and more of it until our savings turn to dust.
It’s not like the good old days, when money was backed by solid gold, in a monetary system that everyone could believe in… right? Well, about that. Today, we investigate the system that came before fiat, to find out how it worked, how it changed the world, and just how much better it was - or worse - it really was."
~ Coin Bureau
0:00 Intro
0:46 Background
2:21 The Road to Bretton Woods
7:46 Bretton Woods: How the System Worked
13:32 Doomed to Fail?
17:48 Finale: It’s Our Currency, But Your Problem
Source - Coin Bureau YouTube: https://www.youtube.com/watch?v=retJ5F3zxKY
Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
