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Alex Gladstein: "Debt Colonialism, The Petrodollar, and Bitcoin"

The Great Simplification with Nate Hagens

CHAPTER

The History of Financial Repression

Nixon and Kissinger created the petrodollar, not Washington and Adams. Americans couldn't own gold again until the 70s, until I think 75. If you're like owning US debt, you're negative. You're losing money. This is what's happening right now when you have 7% CPI and the Fed funds rate is at like 5% or whatever. So this was like par for the course for 40 years.

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