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Jeff on Hidden Forces/Demetri Kofinas
Jeff sits down with Demetri Kofinas at Hidden Forces for another long interview. The second half of the previous interview from January is being made available to Eurodollar University members, and Demetri is offering a huge discount off the price of joining his Genius Community. Details inside.
The Basics #4: What Is A Bank (run)?
I know what you’re thinking, where’s Part 3? That one is still coming but with the events of the past week we thought it might be a good idea to revise the release schedule a tiny bit. Banks are in the news as are bank runs. We should address what both of those actually mean.
Q&A SPECIAL - MID-MARCH MADNESS
Given the major events of the past week, we’re foregoing the usual Q&A format to instead present Jeff’s unique recap and interpretation of everything that just happened. We might have seen it coming, yet there’s still a lot we need to unpack and analyze and Jeff wanted to give members a timely update.
The Basics #2: Definitions
We need to begin defining ourselves through some of the most common economics expressions, and do so according to how they are and will continue to be used in the eurodollar university framework.
Member Video #19: Borrowing USTs
Going all the way down the rabbit hole of eurodollar collateral proliferation first requires taking a step back in time – way back. Banks didn’t invent borrowing US Treasuries in the sixties and seventies, more like eighteen-sixties and seventies. Troubling and persistent safe asset shortage forced a new form of bank-invented money elasticity, and sure enough the authorities failed to stay on top of it.
Audio Upload
We’ve had a bunch of issues with the website and getting the audio files to play correctly on it. We believe we’ve got them solved, so the full catalog of Q&A’s has been uploaded. Fingers crossed.
The Basics #1: What Is Money?
We think of money as little scraps of government paper. A few might still consider chunks of private metal commodities. Today’s money far more resembles a telecommunications network than anything of those. We begin the basics with why and how it came to be this way.
Member Video #18: Collateral History
T-bills, specifically, and US Treasury debt, in general, have dominated the collateralized monetary landscape right from the beginning. Some history behind what that was, and how it paved the way for the eventual mass production of eurodollar money. But first, it had to overcome its own history.
MacroVoices #362 Jeff Snider: Soft Landing or Crash Landing?
Jeff’s most recent interview with our good friend and original Eurodollar University instigator Erik Townsend of MacroVoices.
Member Video #17: Acceptances & More
An out-of-luck circus, an enraged elephant, and an import bill issuer throwing ledger dollars down the drain. It’s an episode in acceptance history that sets up the paradigm shift propelling the eurodollar system out of its early “analog” phase toward the mass produced “digital” future of its maturity.
Member Video #16: Acceptances
An ancient practice that became one key element to the first phase of globalization. Acceptances were maybe the eurodollar system at its best, an efficient way to operate a global reserve system. Maybe too efficient, the Great Inflation after all. In this classroom session, we go over acceptances, what they are, why they mattered then, and how they set the world up for the second phase.