BREAKDOWN: The History of the Dollar System From Bretton Woods to QE Infinity, Feat. Luke Gromen

QE infinity. Corporate bailouts. Nudgin UBI. The incredible economic phenomena going on now didn’t happen out of the blue. They are the byproducts of a key events spread across the 70 year history of the US dollar led global monetary system. 

Luke Gromen is the founder of Forest From The Trees, a macro/thematic research firm. In this episode, Luke provides a TL;DR on those key events that got us to where we are today, including: 

Bretton Woods and why the world went on a USD-based system rather than Keynes idea for a non-sovereign ‘bancor’ world reserve currencyThe move to the Petrodollar in the 1970sThe financialization of commodities that started in the 1980sThe monetary policy vacuum after the Cold War endedHow a shift in executive compensation rules led to many of today’s problems with Wall StreetThe export of Treasury Bills as a business modelThe fallout of 2008 globally and domesticallyThe end of Treasury Bill buying in 2014Why the Fed is the only sugar daddy left

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