The "What is Money?" Show cover image

The Ultimate Macro Framework with Raoul Pal (WiM078)

The "What is Money?" Show

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The Global Reserve Currency With the Biggest Power of Us

i think we just left off with, there's this dark side to the exorbitant privilege. And one of the consequences of being reserve currency is that your industrial economy gets priced out in other market places. So europe managed to stop the worst of this because it had some sort of safety net. But what happened is, the workers in germany and italy did ok until the u.S. Then they repeated the same mistake all over again em and then china became so dominant. The global reserve currency with the biggest power ofus, i gets killed the most. Exactly as i said, you hit your peak spending in your thirties. That's inflationary power

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