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S1-E1: The Gold Standard

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Manage episode 256569284 series 2639757
Content provided by Brady Raanes, Jim Grenn, Kent Oliver, Brady Raanes, Jim Grenn, and Kent Oliver. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brady Raanes, Jim Grenn, Kent Oliver, Brady Raanes, Jim Grenn, and Kent Oliver or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In a surprise move, President Nixon announces an abrupt end of the convertibility of the US dollar into gold. With the unbridled freedom to print money and spend, the country adopts a more-loose-than-usual monetary policy that inadvertently spurs inflation. As the dollar weakens, concern mounts about the long-term viability of the dollar until Treasury Secretary William Simon and Secretary of State Henry Kissinger strike monumental deals with Saudi Arabia and OPEC to secure the dollar's status as the world's reserve currency.

https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret

  continue reading

15 episodes

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S1-E1: The Gold Standard

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Manage episode 256569284 series 2639757
Content provided by Brady Raanes, Jim Grenn, Kent Oliver, Brady Raanes, Jim Grenn, and Kent Oliver. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brady Raanes, Jim Grenn, Kent Oliver, Brady Raanes, Jim Grenn, and Kent Oliver or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In a surprise move, President Nixon announces an abrupt end of the convertibility of the US dollar into gold. With the unbridled freedom to print money and spend, the country adopts a more-loose-than-usual monetary policy that inadvertently spurs inflation. As the dollar weakens, concern mounts about the long-term viability of the dollar until Treasury Secretary William Simon and Secretary of State Henry Kissinger strike monumental deals with Saudi Arabia and OPEC to secure the dollar's status as the world's reserve currency.

https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret

  continue reading

15 episodes

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