Demystifying the Petrodollar Scheme with Alex Gladstein (WiM082)
The "What is Money?" Show
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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.
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