In 1971, President Nixon cancelled the direct convertibility of dollars into gold due to declining gold reserves. Since then, most countries have adopted fiat monies that are exchangeable between major currencies but don't possess any intrinsic value of their own. Today, Paul & Mike are honored to have our very own "Mr. Green," Nick Giambruno come into the G Base from the Financial Underground to help explain the situation, and what Pinelanders ought to be doing now to help prepare for economic hardship and a collapsing dollar.
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