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Podcast: The Peter McCormack Show
Episode: Bitcoin: The Great Disruption with Luke Gromen - WBD261
Description: Location: Squadcast Date: Wednesday 9th September Company: FFTT, LLC Role: Founder In 1971 Nixon announced that the US would sever all ties between the dollar and gold and would no longer convert dollars to gold at a fixed value of $35/oz, putting an end to any remnants of a gold standard and ushering in a new era in finance. This new system led to decades of excessive risk-taking, cheap credit and questionable incentive structures. In 2008, the new system came crashing down when the US housing bubble burst and in turn, sent the entire...