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 leftSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.