🏦 The Fiat System

Central banks, the end of gold, and why the debt keeps growing

Pillar 1 showed you what's wrong with the money. This is how it got that way: the first central banks and who they were built to serve, what a gold standard actually constrained, the 1971 broadcast that cut the last link, and why government debt has only ratcheted upward since. Not a conspiracy — a chain of reasonable decisions with one direction.

The Anchor

Where central banks came from, and the constraint gold actually imposed.

  1. 🏦 The Birth of Central Banking
    Where central banks came from — and who they were built to serve.
  2. 🪙 The Gold Standard Era
    When a dollar was a claim on something you could weigh.

Cutting the Cord

1971, and the debt machine that the decision made possible.

  1. 🚪 Bretton Woods & the Nixon Shock
    The 1944 agreement, and the 1971 broadcast that ended it.
  2. 🏃 Life After Gold: The Debt Machine
    Why the pile only goes one way — and why nobody had to plan it.

Where It Leads

The oldest shortcut in public finance — and who pays for it.

  1. 🧭 Where Does It All Lead?
    The shortcut every indebted government eventually finds — plus a recap.