Nixon's Shocking Gold Standard Move & Dollar's Ponzi Scheme #shorts

Added: 2026-05-26

[00:00:00]The question then is why would he do that? And the answer is in 1971 the Nixon shock.

[00:00:08]So, if you talk to historians, they'll give you lots and lots of different reasons as to why Nixon visited uh China. The main reason in their from their perspective is that um Henry Kissinger, who was national security adviser to uh Richard Nixon, he was trying to triangulate uh between China and the Soviet Union, right? He was trying to get China on the side of the United States in order to um defeat the Soviet Union. That's not true. That's just something that historians made up. The real reason is that in 1971 Nixon removed the US dollar from the gold standard.

[00:00:51]And now the US dollar is worth nothing.

[00:00:54]Before you could take the US dollar and change it for gold, now it's worth nothing.

[00:00:59]It was worth nothing. What you do now is create a demand for it. You basically have to create a Ponzi scheme.

[00:01:08]And so, Nixon did two things to resolve this issue and create the US dollar Ponzi scheme.