Between 1945 and 1971 when the world financial system was still linked to gold under the Bretton Woods system we saw only one banking crisis on the entire planet. Between 1971 and 2000 there were 19 crises! The we had dotcom bubbles, the global financial crisis and more. With the arrival of COVID and almost 20 trillion in new liquidity swimming through the global sea of financial markets we can only wonder how many more crises we can expect.
In this episode I reference some great data from Richard Duncan's seminal book The Dollar Crisis and a great study from The Bank of England.