SPEAKER_02

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.

So we created Medicare and Medicaid.

And we went to the moon.

And we were fighting the war in Vietnam.

And we were just printing money for all of this, which is, you know, what we still do to this day.

But so, essentially, the Europeans started looking at us.

And they were like, I don't think you got enough gold to cover all these dollars that you're printing around.

Wasn't that a thing where they were going to, like...