AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
Demystifying the Petrodollar Scheme with Alex Gladstein (WiM082)
The "What is Money?" Show
Liberal Democracy Is Preferable to Outright Communism
In the bretonwood system, you wanted dollars cause you could redaim hem for gold. But again, we're going from one xy for energy, there really maybe a higher resolution proxy for energy from gold to oil. And what's fascinating is the trickle down implications of this. For the first time in history, people were persuaded that the way to get rich was by running into debt, not by staying out of it. New borrowing against one's home became almost the only way to maintain living standards in the face of this economic squeeze.
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