I've been searching of when and what started global inflation tho I may not perfectly understand it or somethings missing with this so I post this discussion to clarify things. Also sorry for my bad English.

I saw many content that every country's currency is backed by USD and USD is backed by gold which is $35 per ounce then many country traded to USD to gold. Until traders discover that U.S.A. printed more money than the gold backed it.

August 1971, Former President Richard Nixon said he will temporarily suspend the gold convertibility and until now and then declare abandoning the gold standard.

Now, USD is not backed by gold, what will happen to other currencies backed by USD? Is this the reason why Bitcoin is created? Is this the cause of global inflation? Is this why almost everybody don't trust government?