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Commodity-Based Money (Gold, Oil) is Undesirable [Eurodollar University, Ep. 230]

Eurodollar University

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The Root of the Petrodollar Error

Interest rate strategists thesis that we're moving now towards a breton woods three, whereby it'll be a re introduction of commodity smonetary order. The root of the petro dollar error is that there is one jeff i gont have to talk to you about these titles, but we'll do that off the air. It hardly dented the nature of america's full and complete monetary system. And so the point i am trying to make here is that by the early twentieth century, the united states economy in part had already transitioned an good part away from hand to hand currency into some other form of money.

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