This is a glass box media podcast.

So I will go a little bit into history because I think it's important for

context and it'll strengthen the broader argument.

I think we're both trying to make here.

In 1944, there was this collection of people who were involved in finance from

around the world they met.

It's called the Bretton Woods Conference.

And they decided to peg the US dollar to gold.

So sometimes people still think the dollars pegged to gold.

It's not, but that has persisted.

But there was a decision to peg the currency because before that,

stores could make their own currency.

One of the first rewards programs was stamps that these stores would create

these stamps that they then gave to people that was the currency of that.

So at some point, the US government stepping into create a nationalized currency

is relatively new.

And the dollar being pegged to gold because gold and silver have been used

for currency for a very long time, which by at least 2,000 years.

And along with a whole host of avocado pits and cacao and a whole host of

other stones, you know, that were used, uh,

cowrie shells were, it was one of the oldest ones that were identified.

So in 1971, Nixon took the US dollar off of the gold,

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