QE infinity. Corporate bailouts. Nudging 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 currency
• The move to the Petrodollar in the 1970s
• The financialization of commodities that started in the 1980s
• The monetary policy vacuum after the Cold War ended
• How a shift in executive compensation rules led to many of today’s problems with Wall Street
• The export of Treasury Bills as a business model
• The fallout of 2008 globally and domestically
• The end of Treasury Bill buying in 2014
• Why the Fed is the only sugar daddy left