Interview original date: January 6, 2021
Topics- Petrodollar, how its deterioration affects the dollar long term, reserve currency status. 50 year view of the current global monetary system structure: World War II and the gold-pegged currency, Bancor, Bretton Woods, US liabilities (treasuries and dollars overseas) eclipsing the amount of gold that backed the currency, 1971 and the FIAT Monetary System, US and Saudi Arabia OPEC deal and the oil-backed dollar. Offshore dollar-denominated debt, trade deficits, global dollar circulation, Global GDP, global payment currencies, gold reserves, manufacturing base, structure of the system.
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