SPEAKER_02

And people could say, like, I've heard Pat Buchanan defend Trump.

Nixon on this before.

Pat Buchanan was in the Nixon administration.

He was a speechwriter for him.

And he was like, well, look, what were we going to do at that point?

And so he was basically saying, because what happened was essentially, so you had like the Bretton Woods Agreement, which started after World War II, or actually, I'm sorry, it started at the very end of World War II.

It was in 1944, where they had the Bretton Woods Agreement, where they could kind of see where World War II was going.

And it was basically like, okay, well...

the all of Europe is destroyed, and a lot of Asia is destroyed, or not yet, I guess it was 44, but it was getting there.

And America had, at least on the homeland, hadn't really been touched.

And we had a wild amount of the world's gold.

And so the deal was essentially that we will peg the dollar to gold at $35 an ounce.

Everyone else can peg their currency to the dollar.

And then the dollars are refundable.

You can get an ounce for $35.

And so that was whatever.

There were problems with the Bretton Woods Agreement, but that was what stood from after World War II.

So from 1944 to 1973 or 1971 when he took us off the gold standard.

And so essentially what happened was through the 60s, we started cheating.

And it became very obvious to the world that we were, like, you know, the 1960s, you're like, you have the Great Society.