🔗Buy the AI-powered UPDF Editor with an exclusive discount: https://updf.com/updf-sales-promotion/?utm_source=Youtube-unherd-2601-liki+&utm_medium=en&utm_campaign=liki202601&packageKey=overseapromotion One license can be used on all platforms to edit and sync PDFs! 🔗 Click the following link to get tickets to 'The Econoclasts LIVE' in London on March 23rd: https://unherd.com/econoclastslive 📰 Subscribe to UnHerd today at: https://bit.ly/3Qdkd5y Following a historic price crash for gold and silver after President Trump picked Kevin Warsh to lead the Federal Reserve, Yanis Varoufakis and Wolfgang Munchau dismantle the orthodoxies surrounding the slump and connect the dots between Warsh’s Mar-a-Lago family ties, the toxic legacy of Quantitative Easing, and the inevitable shift toward fiscal dominance, exposing why the crash is a symptom of a dying central banking era and a warning of the dollar debasement yet to come. Watch it on the UnHerd website: https://unherd.com/watch-listen/trumps-fed-chair-pick-wont-save-the-dollar/ Listen to the podcast: plinkhq.com/i/1685475850 Advertise on UnHerd @ zoe.white@unherd.com Follow UnHerd on social media: Twitter: https://x.com/Econoclasts Facebook: https://www.facebook.com/unherd/ Instagram: https://www.instagram.com/unherd/ TikTok: https://www.tiktok.com/@unherdtv //TIMECODES// 00:00 - 01:00 – Intro 01:00 - 02:10 – Today’s topics 02:10 - 03:11 – Sponsor: UPDF 03:11 - 07:35 – Why Trump really chose Warsh 07:35 - 09:04 – Gold crash, dollar, and fiscal dominance 09:04 - 11:05 – Warsh’s 2008 record and market logic 11:05 - 14:16 – Debt, stablecoins, and Fed limits 14:16 - 19:36 – Draghi, the euro, and Greece 2015 19:36 - 22:11 – Decline of “hero” central bankers 22:11 - 24:40 – What QE is and why it failed 24:40 - 29:05 – QE’s side effects and alternatives 29:05 - 32:58 – QE as “system-destroying” 32:58 - 35:42 – QE, austerity, and rise of private money #UnHerd #FederalReserve #EuropeanUnion