Buckle up, this week we're doing the big tour. Luke Gromen, one of the most interesting voices in the financial markets today, joins me for a talk on the history, present and future of our monetary system. His message is quite dramatic: Luke asks, if the freezing of Russias currency reserves may already have ushered in the next economic world order. One that is again based on "real stuff" like gold and commodities.
Luke and I also talk US strategy and how the Pentagon has been growing uneasy about the Dollar-based monetary system for more than a decade. And we speculate on the role and future of Bitcoin within that system. Luke doesn't hold back. Used by a sovereign, Bitcoin could be "a megaton hydrogen bomb of currency war", he says.
00:00 - Introduction 04:40 - History: When it was illegal for Americans to own Gold 08:00 - The role of Gold from 1944 to 1971 15:10 - The long reach of Henry Kissinger 22:00 - The Special Drawing Rights 26:30 - The significance of the Euro and the role of Gold 31:00 - Has everything broken down? Russia vs the West 39:00 - It all started with North Stream 2 47:00 - The relationship between Saudi Arabia and the US is bad 54:00 - What are the Americans thinking?? 1:04:00 - What is Bitcoins role in all this? 1:09:40 - Hyperinflation in the US and Europe? 1:14:00 - The system is moving to Gold 1:22:00 - Luke speaking German
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