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THE END OF SUPER IMPERIALISM by Alex Gladstein - Bitcoin Magazine Audible

Bitcoin Magazine Podcast

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World War Two - The Us.

In 19 22, european powers had gathered in genoa to discuss the reconstruction of central and eastern europe. One of the outcomes was an agreement to partially go back to the gold standard through a gold change system. By the end of the 19 forty the us. Held more than 70 % of non soviet central bank held gold, around 700 million ounces. Hudson points to the korean war as the major event that shifted america's considerable post world war surplus into a deficit. He writes that the fight on the korean peninsula was financed essentially by the federal reserves, monetizing the federal deficit,. An effort that transferred the war's cost onto some future generation, or,

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