Bretton Woods III: Raw materials as a strategic reserve?

By: Frank Knopers

Recently, Credit Suisse credit analyst Zoltan Pozsar published an analysis that caused a stir in the financial world. He spoke of a new phase in the monetary system, in which countries that produce raw materials will play an important role. The reason for his analysis was Putin's demand that gas and other raw materials be paid exclusively in rubles. Until recently, this was mainly done in euros and dollars.

In the first episode of a new series of Holland Gold, Joris Beemsterboer and Frank Knopers discuss these new developments. We also provide more background on the evolution of our money system since the establishment of the Bretton Woods money system in 1944. Why does Putin want to pay for gas and other commodities in rubles? And what does this mean for the future of the dollar system? In this video we explain

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On behalf of Holland Gold, Paul Buitink and Joris Beemsterboer interview various economists and experts in the field of macroeconomics. The aim of the podcast is to provide the viewer with a better picture and guidance in an increasingly rapidly changing macroeconomic and monetary landscape. Click here  to subscribe.