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The Transformation of Money

The Breakdown

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The Great Financial Crisis - A Conversation With Grant Williams

Dollar was effectively pegged to oil in the eighties, nineties and early two thousands. China stopped stacking treasuries when they realized it was short energy and long us. Luke argues that foreign demand for treasuries is now unwinding the demand from the post nine 11 era. Foreign central banks have bought three x more gold than us. Treasuries in the past eight years. And europe freezing russia's foreign exchange reserves. In luke's view, Ben brenanke managed the dollar for the good of financial capitalism.

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