An excerpt from Ron Paul’s book, “End the Fed,” published in 2009 during the depths of the Great Recession, just months after Satoshi Nakamoto created the genesis block:
“Dangerous times are indeed with us, and we will be forced to devise a new monetary system just as we were required to do at the end of the Bretton Woods system. But there is no looking back, no return to the old 1944 agreement. Today, there’s still wishful thinking, but the fiat dollar reserve standard that the world has blindly accepted for more than three decades is dying and the financial structure is disintegrating. What we decide to do now will affect the well-being of American citizens for decades to come. There’s no returning to the fiat dollar standard that evolved after August 15, 1971.”
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