Jiang's provocative term for the post-1971 dollar: valuable because people want to use it rather than because it can be redeemed for gold.
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dollar Ponzi scheme
Jiang's provocative term for the post-1971 dollar: valuable because people want to use it rather than because it can be redeemed for gold.
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Key Notes
Timestamped Evidence
"...So, now what happens is the U.S. dollar becomes a Ponzi scheme, all right? What is a Ponzi scheme? A Ponzi scheme is basically,..."
Relevant Lectures And Readings
A source-grounded reading of Jiang's lecture on America as the world game: Britain invents the imperial board but cannot scale it, the dollar turns wealth into an idea, the Constitution keeps the game above...
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