The Dollar Endgame: From Bretton Woods to Hyperinflation Warnings (Thanks Peruvian Bull!) скачать в хорошем качестве

The Dollar Endgame: From Bretton Woods to Hyperinflation Warnings (Thanks Peruvian Bull!)

This video delves into the fascinating history of the global monetary system, tracing its evolution from the Bretton Woods Agreement to the current position of the US dollar and the increasing concerns about hyperinflation, based on the comprehensive research by Peruvian Bull in their "Hyperinflation is Coming- The Dollar Endgame" series. We explore how the Bretton Woods Agreement in 1944 designated the US dollar as the World Reserve Currency (WRC). This pivotal moment occurred after World War I and was cemented by the US holding significant gold reserves. Under Bretton Woods, participating nations pegged their currencies to the US dollar, which was convertible to gold at a fixed rate for sovereign governments. This established a quasi-gold standard. However, the system faced challenges, including increased US spending in the 1960s, leading to a buildup of dollars in foreign central banks. French President Charles De Gaulle recognized that the US had issued more dollars than it could redeem for gold, leading to a "run on the dollar". The Bretton Woods system collapsed in 1971 when President Nixon closed the gold window. Despite this collapse, the US dollar retained its dominant position. One key factor was the establishment of the Petrodollar system, where the US made agreements with OPEC nations to price oil contracts in US dollars, creating artificial demand for the dollar. However, Peruvian Bull's research highlights increasing worries about warning signals for hyperinflation. They argue that the US has been "abusing it’s privilege as the World Reserve Currency holder to enforce its political and economic hegemony" by borrowing extensively at low rates, creating a massive debt supercycle. This pattern historically ends in either default/restructuring or inflation/hyperinflation. Furthermore, Peruvian Bull points to systemic risk within the US financial system and the Federal Reserve's actions to protect legacy finance, potentially at the expense of the US dollar. Thank you, Peruvian Bull, for this incredibly insightful and detailed series on the history of the global monetary system and the potential "Dollar Endgame"! Your "Due Diligence" and breakdown of complex topics like Triffin’s Dilemma and debt cycles are invaluable.