Demystifying the Petrodollar Scheme with Alex Gladstein (WiM082)
The "What is Money?" Show
00:00
The Gold Acts as the Base Layer for Human Action
Gold acted as the base layer for human actionits whoever held the gold made the rules. T at the international levelyes, yes, at the gold international level. At thates, again, due to the geographic distribution of gold rits,. The point, likethat, i really hope the audience can take home here, is that gold acted as the Base Layer for Human Action its whoever held the Gold made the Rules. A. Which is exactly why i was sitting at the head of the table at bretonwoods. It wasn't much of a negotiation. It was pretty much a a unilateral event. So particularly because the only real competitor to us at the time, of the
Transcript
Play full episode
