The Dollar’s Been Digital For Decades

[] what’s paper when it’s backed by nothing？ [] [] [] Some of the controversy around Bitcoin and other cryptocurrencies often centers on the fact that they only exist as a string of digital ones and zeroes and have nothing physical backing them. But many are surprised to learn that the U.S. dollar has been predominantly digital for over four decades. This transition happened long before the advent of blockchain technology… long before the internet… and even before the PC revolution. And it reshaped our understanding of money in ways we're just beginning to grasp fully. In the early 1970s, President Nixon made a pivotal move that would forever alter the landscape of global finance: he took the United States off the gold standard. When Nixon did this, the dollar was no longer directly convertible to gold. Instead, its value became dependent on the trust in the U.S. government and its fiscal policies. This was a monumental shift, moving away from a tangible asset-backed system to one grounded in trusting of the government alone. This decision wasn't just a shift in economic policy; it was the start of a new era where the value of money became more about trust in government than about any physical commodity backing it. Since then, a significant portion of U.S. currency has existed only in digital form. In fact, less than 5% of the broad money supply consists of physical bills and coins — the rest is just numbers on screens, shifting from one account to another in electronic form. This is a revelation to many, where digital currencies are often viewed with skepticism due to their virtual nature. But the truth is, our financial system has operated in a predominantly digital realm for decades. The U.S. Dollar's resilience and acceptance globally have been largely based on the economic stability of the United States, rather than its convertibility into gold or any other physical asset. The implications for investors and everyday citizens are profound. As digital currencies like Bitcoin attempt to carve out their own space in the financial system, they challenge the conventional views of what money is and what it could be. They raise questions about security, privacy, and what it means to have "real" money. But I'm not here to try to sell you Bitcoin or digital investments. I want you to understand what this means for your money and where the world is going now that this revelation — and the US's spiraling debt — are finally starting to dawn on people. Have you noticed gold? It's been on a run since October and, while it's taken a bit of a breather, I believe the forces we've discussed today will continue driving gold higher. But you don't need to wait months or decades for gold to spike again. Because I've been using [a new strategy]( to harness micro-movements in the price of gold. I can’t wait to share this discovery with you — Geof Smith [] Some of the controversy around Bitcoin and other cryptocurrencies often centers on the fact that they only exist as a string of digital ones and zeroes and have nothing physical backing them. But many are surprised to learn that the U.S. dollar has been predominantly digital for over four decades. This transition happened long before the advent of blockchain technology… long before the internet… and even before the PC revolution. And it reshaped our understanding of money in ways we're just beginning to grasp fully. In the early 1970s, President Nixon made a pivotal move that would forever alter the landscape of global finance: he took the United States off the gold standard. When Nixon did this, the dollar was no longer directly convertible to gold. Instead, its value became dependent on the trust in the U.S. government and its fiscal policies. This was a monumental shift, moving away from a tangible asset-backed system to one grounded in trusting of the government alone. This decision wasn't just a shift in economic policy; it was the start of a new era where the value of money became more about trust in government than about any physical commodity backing it. Since then, a significant portion of U.S. currency has existed only in digital form. In fact, less than 5% of the broad money supply consists of physical bills and coins — the rest is just numbers on screens, shifting from one account to another in electronic form. This is a revelation to many, where digital currencies are often viewed with skepticism due to their virtual nature. But the truth is, our financial system has operated in a predominantly digital realm for decades. The U.S. Dollar's resilience and acceptance globally have been largely based on the economic stability of the United States, rather than its convertibility into gold or any other physical asset. The implications for investors and everyday citizens are profound. As digital currencies like Bitcoin attempt to carve out their own space in the financial system, they challenge the conventional views of what money is and what it could be. They raise questions about security, privacy, and what it means to have "real" money. But I'm not here to try to sell you Bitcoin or digital investments. I want you to understand what this means for your money and where the world is going now that this revelation — and the US's spiraling debt — are finally starting to dawn on people. Have you noticed gold? It's been on a run since October and, while it's taken a bit of a breather, I believe the forces we've discussed today will continue driving gold higher. But you don't need to wait months or decades for gold to spike again. Because I've been using [a new strategy]( to harness micro-movements in the price of gold. I can’t wait to share this discovery with you — Geof Smith [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](