Part 3/16:
One of the central themes is the complexity and resource intensity of existing monetary arrangements. The speakers highlight how few people truly understand how deeply the current system is designed—contrary to the misconception that it developed haphazardly. They cite historical deals, such as the 1970s arrangement where OPEC nations priced oil exclusively in dollars, underpinning the dollar's reserve currency status. This system was deliberately constructed, often at the expense of massive resource commitments and geopolitical strategies.