In 1971, President Nixon cancelled the direct convertibility of dollars into gold due to declining gold reserves. Since then, most countries have adopted fiat monies that are exchangeable between major currencies but don't possess any intrinsic value of their own. Today, Paul & Mike are honored to have our very own "Mr. Green," Nick Giambruno come into the G Base from the Financial Underground to help explain the situation, and what Pinelanders ought to be doing now to help prepare for economic hardship and a collapsing dollar.
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
Death, Sex & Money
Anna Sale explores the big questions and hard choices that are often left out of polite conversation.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.