The History of the Dollar System From Bretton Woods to QE Infinity, Feat. Luke Gromen

<p><span style="font-weight: 400;">QE infinity. Corporate bailouts. Nudging UBI. The incredible economic phenomena going on now didn’t happen out of the blue. They are the byproducts of a key events spread across the 70 year history of the US dollar led global monetary system. </span></p> <p><span style="font-weight: 400;">Luke Gromen is the founder of Forest From The Trees, a macro/thematic research firm. In this episode, Luke provides a TL;DR on those key events that got us to where we are today, including: </span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Bretton Woods and why the world went on a USD-based system rather than Keynes idea for a non-sovereign ‘bancor’ world reserve currency</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The move to the Petrodollar in the 1970s</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The financialization of commodities that started in the 1980s</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The monetary policy vacuum after the Cold War ended</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How a shift in executive compensation rules led to many of today’s problems with Wall Street</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The export of Treasury Bills as a business model</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The fallout of 2008 globally and domestically</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The end of Treasury Bill buying in 2014</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why the Fed is the only sugar daddy left</span></li> </ul>