The Great USD Ponzi Scheme: How the Nixon Shock Created the Modern Financial System

Money makes the world go round—or at least that’s what we’re told. We work for it, save it, spend it, and sometimes even stress over it. But have you ever stopped to wonder what money actually is? Is it just colorful paper in your wallet? Or a digital number on your banking app? More importantly, what gives it value? To understand this, we have to go back to a summer day in 1971 when President Richard Nixon made a decision that changed money—and the world economy—forever.

The understanding of the USD ponzi scheme is important as this video makes you think about the worth of US Dollar and why you should start investing in other valuable assets.