From the Gold Standard to Bretton Woods, the global monetary system has undergone many transitions over the years. In this episode of Real Visionaries, guest host Lyn Alden and financial analyst Luke Gromen sit down to discuss the historical impact of these changes.
“The problem with the system as structured is, sooner or later, deficits get so big that foreigners stop trusting the sovereign debt, and that it is going to be repaid back in anything resembling real terms,” Gromen explains. “And they begin to move away from the system. So what we’re witnessing is a loss of faith in the United States’ ability, to make good on its treasury obligations in anything resembling real terms.” Recorded on October 22, 2021.
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