AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
6min chapter
Demystifying the Petrodollar Scheme with Alex Gladstein (WiM082)
The "What is Money?" Show
The History of the Gold Pool
We had like 25 billion dollars of gold. We started drawing down on it, am to do military adventurism. After corea, we no longer were a creditor nation. As you watch, gold was like finding its real market price, right? Ros ovisy, way higher than it had been. So the allies, led by the us, had been suppressing the price of gold to try and make it less appealing as they tried to promote their paper gold system. And one of the last ditch efforts was in 69, the creation of the s d r. The i m f, again, created the direction of the us.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode