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What 'We' Are Missing, Complexity Part 5
In the final chapter, completing what is and will be Eurodollar University’s mission statement, we examine why we all need to care about all that stuff from fifteen years. History has repeatedly shown that it is Little Guy who pays heavy price for these massive monetary mistakes. We’ve been lied to long enough.
What 'We' Are Missing, Complexity Part 4
It was never subprime mortgages and because it wasn’t the Federal Reserve was completely unprepared. The Great Collapse of the 21st century was, in many ways, similar to the earlier one. But where that had meant the evolution of deposit money in the 1920s, the second half of the 20th was all about global money.
What 'We' Are Missing, Complexity Part 3
Whether the Great Depression or the Great ‘Recession’, Federal Reserve policymakers claim their policies are effective in spite of the overwhelmingly disastrous results which conclusively prove otherwise. When the momentum of truth arrived, officials in both time periods utterly failed for the same reason - they didn’t know what they were doing.
What 'We' Are Missing, Complexity Part 2
In the textbook, money and monetary policies are easy, like flipping a switch. For the longest time, it had become taken for granted that central banks could employ a very simple lever to exercise control over seemingly everything. Is that how it really worked? What might happen if it wasn’t, then didn’t? History would repeat.
What 'We' Are Missing, Complexity Part 1
History doesn’t just repeat, it has repeated. Before we explore the repeating, we’ll first examine the previous occurrence to see what we can learn from it authorities did not. From massive monetary innovation to policymakers not keeping up with it and therefore officials wholly unprepared when the time came; October 1929 like August 2007.
Member Video #15: Non-banks (MBS)
The biggest part of the non-bank contributions to the eurodollar system, the MBS. We’ll get into the details behind securitization, turning illiquid mortgages into repo-able, mostly liquid instruments. How it all works, or doesn’t.
Member Video #14: Non-banks (ABS)
If you’ve ever wondered if you’ve “used” eurodollars, the answer is almost certainly, yes. From the long chains of interbank transactions to the real economy, ABS are a big part of the shadow money system and where most regular folks get involved in making the magic.
