Episode 323: Losing the Dollar
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The Importance of Exporting Inflation
There are plans to create a currency weighted with the currencies of different nations. The idea is similar to Bretton Woods three, which would involve almost like a return to a commodity based money system. Do you think that efforts along these lines would push the Fed to think about returning to a gold standard? Never really. They're bought and paid for by which I'm not implying corruption. Average person on the street today knows less about sound money than a quote unquote uneducated farmer of 130 years ago. There will be a role for decentralized peer-to-peer cryptocurrency like Bitcoin as an international reserve currency.
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