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20min chapter
The Secrets of Global Finance Explained with Luke Gromen (WIM445)
The "What is Money?" Show
Power Dynamics, Gold Reserves, and Bitcoin in Geopolitics
The chapter explores the strategic significance of Russia's gold reserves, energy resources, and technological advancements in its geopolitical competition with the US, discussing the potential implications of China's partnership and gold internationalization efforts. It delves into the comparison of gold accumulation between Russia and the US, the role of Bitcoin in reshaping global finance, and the hypothetical scenarios of wealth transfer and power shifts among nations. The conversation also touches on Bitcoin mining's impact on energy costs, economic development, and the potential restructuring of the international monetary system.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode