Descent of the Global Monetary System
Tom Spencer
MAY 9, 2020
Around 90% of foreign exchange trading involves the US dollar and, by the end of March 2019, US dollar denominated loans to non-bank borrowers outside America exceeded $11 trillion. In the early 1970s, Saudi Arabia and other OPEC countries agreed to set oil prices in US dollars. As a result, America’s increased money supply is here to stay.
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