In this episode, Coach Matt teaches the history of the US Dollar from 1971 through today. In the last 49 years, our currency system has been dominant globally. The US Dollar’s #1 reserve status has been unquestionable, but there have been many major developments throughout the decades that have impacted our currency and economic systems. From the removal of the gold standard, the adoption of the petrodollar, introduction of the SDR, the Euro, and the IMF’s changes to include the Chinese Yuan in SDR, there has been a lot of major developments. Coach Matt walks us through the timeline and gives context to the major points and takeaways that you should know.
Before that, Coach Mark, Tim, and Matt interpret and analyze the markets during our skyline. Stocks have remained bullish, at large, on the backs of a technical uptrend, bubble economics, and developments from executive orders from President Trump and in the face of continued strife between the US and China. Listen in for all of our analyses.
Lastly, Coach Mark plays a game with the boys called ‘closest to the hole’ where Tim and Matt guess questions related to money.