526 sats \ 2 replies \ @ek 31 Jan \ parent \ on: WTF Happened Before 1971? bitcoin
at which point Nixon had to admit that it's not actually there to back it all.
Did he really admit? I thought he just said it's a "speculative attack". It's hard to find credible sources around this event and time though.
Best part:
to suspend temporarily the convertibility of the dollar into gold
write
preview
243 sats \ 0 replies \ @ch0k1 31 Jan
Nothing is more permanent than politics' temporary acts 🤣
reply
0 sats \ 0 replies \ @SwearyDoctor 31 Jan
don't know, tbh, but there is usually a difference between admitting pubicly and admitting internally, if only because they think the public gullible fools, while other governments at least have their own intelligence and sit on more information. At least in 1971, today it might well be the other way around...
reply