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Ep 82: Whitney Baker's Masterclass on Macro Investing & the State of the Economy

Joe Lonsdale: American Optimist

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The Evolution of the Global Financial System

This chapter provides a historical perspective on the global financial system, tracing back to the changes of 1970 with the transition from a gold standard to fiat currency. It explores the economic implications of this shift on debt accumulation, supply of credit, and global financial dynamics, focusing on decisions made by the US government under Nixon's administration. The dialogue delves into inflation, fiscal deficits, monetary policy, globalization, tech impact, and the macro forces behind economic bubbles, reflecting on historical events and the interconnected nature of financial dynamics.

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