With global worldwide debt now over $300 trillion and interest rates rising, the US dollar is once again a relative safe haven in a slowing economy. Currencies competing with the Dollar face a deadly race to stave off a sovereign debt crisis. Is the dollar now unbound, as the dominant political tool of the dominant nation?
The Dollar Milkshake Theory: https://Mises.org/HAP385a
Thorsten Polleit, The Global Currency Plot: https://Mises.org/HAP385b
Bob’s book, Understanding Money Mechanics: https://Mises.org/Mechanics
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00:00 Introduction
00:46 Understanding what ‘Money’ Really Is
07:08 The Debt Crisis
13:46 How Long the System can Keep Going
18:31 Comparing the US Dollar to Other Currencies
26:24 Aging Populations and Entitlements
30:26 What Replaces the US Dollar?