He is using semantics. They don't actually print money, but the people who own the bonds they buy use it to buy real assets, driving up prices, driving people out of the market, creating a wealth divide, causing more money to flood the system and more inflation in the real economy.
Does he not understand that the same people who ruined the global economy now will the the ones running his dream "elastic money"? Good lord. Money and govs need to be separate. The gov needs to get money by creating value, just like anyone does. Want a useless social program? Raise the money for it, or don't do it
This is a terrific discussion! I've been trying to understand the Eurodollar system for months, and this is, by far, the most informative explanation I've heard. I've watched a lot of Eurodollar University podcasts and, to be honest, the lack of adversarial discussion (Emil and Jeff agree on everything) is a barrier to helping people understand this complicated system. I won't claim to fully understand the system now, but I definitely understand it much better after listening to the two of you talk.
I think the reason this discussion was so much more valuable than most of the Eurodollar University podcasts is not because Emil and Jeff always agree but because they both understand the Eurodollar system. Thus, Jeff never has to explain it in enough detail so that someone who doesn't understand it can understand it. They need a Eurodollar Grade School. You two could do a whole series on the topic of Everything You Learned About Economics is Wrong.
Man I could listen to this conversation forever. Not only do I listen to Jeff Snider a lot and agree with him, but Peter is so good about asking questions that extract answers that build on the conversation.
I’ve been watching Jeff for a while now but never fully understood the Eurodollar system until today. You’re a great interviewer. Thanks Jeff, you’re a bloody genius. Love the way you see the world/system.
Could you please explain it to me, what happens when a U.S domestic bank borrows from the eurodollar market. What is the role of reserves? Since the eurodollar is reserve-less and it works then why do the domestic US banks have reserves on their balance sheets?
7:35 Jeff doesn't seem to think that an inherent property of money should be that it can store value. At 14:25 he argues people should store their wealth somewhere other than in their money. The 'liquid financial markets' he describes at 14:40 that have 'taken on the store of value' are not universally accessible. Billions of people cannot simply just buy the S&P500. His financial privilege is showing.
I agree Jeff is all over the shop... That's why everyone here is so mind blown... Cause what he's saying is completely inconsistent throughout yet he has the confidence to make you believe it isn't!!! Jeff can sell ice to the Eskimos, that's the level of confidence he has...
Yeah, I agree. He's extremely inconsistent. And just answers the harder hitting questions with glib. I wonder what his angle is. He seems like an MMT person just making it up as they go along. Need someone to debate him. good interview though.
I’ve been a Eurodollar University listener since episode #1…This podcast is an AMAZING summation. Listen to it a dozen times if you have to because there is nothing better to describe the world you live in. The “silent depression” for the last 15 years is staring us all in the face yet we can’t see it clearly but we know something is amiss.
I've listed to maybe 6 Snider podcasts, and I can't even understand his overall view because he's always saying why other people are wrong, or talking to evidence instead. Is there a good video (other than this one) that explains his overall theory of everything?
This was a really thought-provoking episode. Thank you. I would be curious to hear Jeff Booth's perspective, given how bitcoin's deflationary policy would seem to pair well with the deflation Jeff Snider described.
I tend to agree with Jeff Booth that we need a fundamental shift in thinking. The idea that deflation is "bad" is not true, things getting cheaper is good, as is encouraging careful capital allocation only into things that provide a better return than deflation does.
@@Julian-pj2zi can you elaborate? What is monetary deflation in this context? Bitcoin has a fixed supply but not a shrinking supply unless you’re counting lost coins? What does this mean?
That was good. Been listening to Jeff/Emil for a few years, first skeptical and then their framework makes more sense, and interview really brings his thinking together. Provides a different framework to see the markets/monetary system. Coming around to the Silent Depression concept too. Growth stagnant and conditions declining for anyone buy the upper 1%, and getting worse. Just seeing all the homeless in the last few years grow, the growth of "gig economy" that basically doesn't cover costs, inability to afford middle class things -- it's all a trend that we should probably be bold enough to call a depression. The media will evidently make us think this is the way it should be and rather have us focus on red/blue state wrestling matches.
I really admire Jeff Snider. He is generous and truthful, yet he is out matched by those who lust greed and power and are full of lies. I'm talking about the 1%. When the future looks back at our history, he will be remembered as one of the few who tried to save our Nation from economic Armageddon.
Every time I listen to Jeff I learn something new. It’s crazy. His depth of knowledge is something else. This video is halfway digestible. Some of his other material is insane.
Actually Lyn Alden would confirm the eurodollar market and it is opaqueness and complexity. Actually, she would tell you that Jeff is probably one of the very few people who can look into the eurodollar market and understand it's complexity. This was a facinating and terrific discussion! Please have Lyn also comment on it. This conversation made my day (and my lunch time). Thank you very much for that!
But Lyn is a Bitcoin bull. I am as far as it being money as in a store of value but as currency (elastic unit of account) it's too deflationary. We need more elastic crypto to spend and Bitcoin to save in and reject the Euro Dollar system. Its our only way out of this bankster prison.
This is by far one of my favourite discussions so far. I’ll be checking out the Eurodollar University podcast. For some reason I couldn’t listen on audible. I can’t play UA-cam when my screen is locked. If anyone knows why, I’m dying to fix it I’m in Notts, UK. I keep pilling people. I just hope we can clean up the financial system. We need bitcoin ATM’s in the UK if anyone reading is in that industry. Needs to be done. Thanks Peter. Always an education
I've had to listen to this interview three times to get my head around it because it's turned everything that I thought I understood on it's head. Again Peter, another great interviewee
One of your best shows of the year! Jeff Snider seems to be saying the same thing that Jeff Booth says in his book, that deflation might be inevitable due to exponential technological advancement. But if that's true, how do we prepare for that? How do we fix money? And is Bitcoin part of the solution? It would be great to have Jeff Snyder, Lyn Alden, and Jeff Booth discussing/debating these topics.
@Julian -- When you say "Monetary Deflation" are you referring to Deflation caused by Monetary Policy which is different from "Price Deflation" caused by technological advances? My point is: is it clear what's actually contributing to Deflationary pressures? Jeff Snider's argument seems to be that deflation is coming from commercial banks who "tighten" monetary policy when they become more risk adverse. But is the underlying cause of that asymmetrical technological advancement? If one country has more tech than another country, wouldn't that country be considered "more credit worthy" and vice versa? If there are only a handful of countries that have great tech advancement, will those be the only ones who are "credit worthy" while the rest continue to face high inflation as their currencies erode? Jeff Booth argues that deflation is "the key to an abundant future" but Jeff Snider says "good money" needs to have a certain amount of elasticity which implies that some inflation is a good thing. These are the two points of view that I would love to get some clarity around. Is money elasticity and inflation REALLY necessary? And if so, what's the right amount?
My head just exploded watching this. It's going to take me a while to understand all of that but my gut tells me it made perfect sense. Another excellent podcast and I'm for sure going to be researching this more.
when I begun studying eurodollar system it all started to make sense, I think jeff is right its worth to investigate if you dont know anything about it!
Could you please explain it to me, what happens when a U.S domestic bank borrows from the eurodollar market. What is the role of reserves? Since the eurodollar is reserve-less and it works then why do the domestic US banks have reserves on their balance sheets?
Some of it makes sense, but a good portion just sounds like jibberish. That could be a limitation of my vocabulary in the subject. "Expand the balance sheet" to me is essentially the same as creating virtual currency, which is inflation of the money supply, not to be confused with CPI. Supply suck makes sense, but I just don't what deflation is all about.
good one. love how you stop jeff and make him explain. this is something that often does not happen in other podcasts, but this is what really helps to understand what he says
Great conversation. I appreciate you pushing yourself to the limit of your understanding on camera Pete. Just know that we are all on the limits of our understanding as well, just trying to slowly grow that understanding…
never watched this channel before but WOW! asked all the questions I as an accountant want to ask. Can tell he is really trying to understand it and asked all the questions we as people would ask. Thank you!
This interview is the most accessible I've seen of Jeff. It takes a Layman (no offence Peter) sat opposite in order to make sense of his Euro-dollar thesis.
One of the best appearances by Jeff. I watch his and Emil's show often, but sometimes it's easy to lose the big picture view of what they mean. This was a very nice summary of the main points. Also the host very nicely pressured Jeff here and there to clarify some of the statements that he often makes (e.g. why deflation is the worst of the evils). Thanks guys!
Best interview you ever did. I learned a lot. You asked the right questions, as a beginner, and brought out things I never understood. Jeff makes a ton of sense. I have to listen again to get everything down. I think he is right about how the world monetary system works and what it needs to evolve to a better place for everyone.
Not a huge fan of the host but his open mindedness to the euro dollar system was refreshing. His willingness to learn gives me hope for the rest of the plebs
One of the most fascinating and eye-opening podcasts I have ever witnessed. Thank you for doing this Peter, and great job. I have followed Jeff for months already but I have never had the eurodollar system crystalized as it was in this podcast. After following him for months, I literally learned more about the Eurodollar system from this podcast than I have from other interviews. Thank you so much for doing this. Amazing job on the interview.
Incredibly riveting and interesting discussion! Jeff is definitely not a fed apologist and takes a fascinating contrarian take that the Fed isn't really all that powerful and simply responds to the environment.
Jeff and Steven van Meter are now working together. Both are brilliant minds. I’m editing this a year later and it strikes me that if I think about all that’s discussed one can’t make rational sense out of this if one thinks musing a one-track mind. One needs to think at a level of multiple layers, then it makes sense. Certainly not easy to grasp with our own biases to deeply entrenched.
This is the most I've ever understood Jeff. He got away from you a bit after an hour, but that's OK. Thanks Peter, you did a great job of bridging the gap to the audience.
Eurodollars were the dollars pumped into Europe for the reconstruction of Germany via the Marshall Plan so it is not a mystery. They are also a product of the current account deficits run by the U.S. since the early 1960s. London is the center for eurodollar trading and bond issuance. Eurodollar bonds are called Eurobonds and are issued mostly by big transnational operations to help finance their world operations. The center for eurobond trading is London as well.
At the start of the interview he laughs at deflation being psychological and then at 48:00 he says the inflation is a psychological sentiment. Interesting points none the less
Great conversation. I worked at the Chicago Mercantile Exchange (CME) for 25 years. Euro Dollar Futures contracts have the largest trading interest than everything. Jeff is so wright and in my opinion it is the largest scam in the US financial system. Because it is not transparent like Bitcoin. Much love to all my Bitcoin brothers ans sisters.
50% of what Jeff Snyder says seems totally obvious and clear and undeniable. 50% of what he says makes me want to scream back at him "How can you say that????" And 0% of what he says is understood by me no matter how much I listen to him.
Get Jeff Snider and Greg Foss on at the same time please, they differ in opinion in some key areas and it'd be awesome to see that discussion!
That's the best idea I've heard in a month, at least. Do it do it doitdoitdoit
Put frank lapard aside him 😄
Still this was a interesting interview..
Did i just say frank lapard 🤣🤣
I mean lawrence lepard lol 😄
He is using semantics. They don't actually print money, but the people who own the bonds they buy use it to buy real assets, driving up prices, driving people out of the market, creating a wealth divide, causing more money to flood the system and more inflation in the real economy.
Does he not understand that the same people who ruined the global economy now will the the ones running his dream "elastic money"?
Good lord. Money and govs need to be separate. The gov needs to get money by creating value, just like anyone does.
Want a useless social program? Raise the money for it, or don't do it
Yesss
We need Lyn, Saif, and Jeff for a full day to sort this out. Amazing episode! I think this unlocks a deeper realm of the rabbit hole.
IMO they tell the same story but perceive the agents actions in the arena slightly different. Everyone comes to the same EXACT conclusion.
Lyn is not on Jeff's level.
@@thst_bot5368 what
Jeff is such a gem. He thoughts are such a contrast to the stuff we are fed via mainstream media.
This is a terrific discussion! I've been trying to understand the Eurodollar system for months, and this is, by far, the most informative explanation I've heard.
I've watched a lot of Eurodollar University podcasts and, to be honest, the lack of adversarial discussion (Emil and Jeff agree on everything) is a barrier to helping people understand this complicated system.
I won't claim to fully understand the system now, but I definitely understand it much better after listening to the two of you talk.
I think the reason this discussion was so much more valuable than most of the Eurodollar University podcasts is not because Emil and Jeff always agree but because they both understand the Eurodollar system. Thus, Jeff never has to explain it in enough detail so that someone who doesn't understand it can understand it. They need a Eurodollar Grade School. You two could do a whole series on the topic of Everything You Learned About Economics is Wrong.
Take a look at the primer that Milton Friedman wrote a long time ago. That helped me a lot.
Agree
@@hmmob3956 link?
The follow-up with Lyn Alden also was very helpful
Man I could listen to this conversation forever. Not only do I listen to Jeff Snider a lot and agree with him, but Peter is so good about asking questions that extract answers that build on the conversation.
One of the best interviews I've seen. So much information that isn't commonly known. Thanks so much for this. Everyone needs to watch this!
Peter, you keep bringing in people that I have never heard from. Greatly appreciated.
I’ve been watching Jeff for a while now but never fully understood the Eurodollar system until today. You’re a great interviewer. Thanks Jeff, you’re a bloody genius. Love the way you see the world/system.
My sentiments exactly. He was so patient with Peter to break it down as he and his colleague had trouble accepting the truth
Could you please explain it to me, what happens when a U.S domestic bank borrows from the eurodollar market.
What is the role of reserves? Since the eurodollar is reserve-less and it works then why do the domestic US banks have reserves on their balance sheets?
@@sahilingale3280 US banks aren't required to hold reserves anymore.
Peter, Kudos. Your podcasts which have been great just keep getting better. Thanks.
7:35 Jeff doesn't seem to think that an inherent property of money should be that it can store value. At 14:25 he argues people should store their wealth somewhere other than in their money. The 'liquid financial markets' he describes at 14:40 that have 'taken on the store of value' are not universally accessible. Billions of people cannot simply just buy the S&P500. His financial privilege is showing.
Hater
I agree Jeff is all over the shop... That's why everyone here is so mind blown... Cause what he's saying is completely inconsistent throughout yet he has the confidence to make you believe it isn't!!!
Jeff can sell ice to the Eskimos, that's the level of confidence he has...
Yeah, I agree. He's extremely inconsistent. And just answers the harder hitting questions with glib. I wonder what his angle is. He seems like an MMT person just making it up as they go along. Need someone to debate him. good interview though.
Behold the irrationality and conceit of the Keynesian model and its influence.
This was mind blowing for me, I hope you can continue to pursue this thread.
This absolutely blew my mind! I’m stumped as to how to behave now. Gonna have to listen again.
I’ve been a Eurodollar University listener since episode #1…This podcast is an AMAZING summation. Listen to it a dozen times if you have to because there is nothing better to describe the world you live in. The “silent depression” for the last 15 years is staring us all in the face yet we can’t see it clearly but we know something is amiss.
Holy moly you killed it. What an interview.
Great interview Peter. I listen to everything Snider puts out for the last year and I learned a lot in this one. Great questions. Thanks!
I've listed to maybe 6 Snider podcasts, and I can't even understand his overall view because he's always saying why other people are wrong, or talking to evidence instead. Is there a good video (other than this one) that explains his overall theory of everything?
Or an article or whatever. Ideally I also want to be able to compare and contrast to someone like Lyn.
Jeff is absolute Rockstar ! Learn while you can folks
Thank you, Peter for inviting Jeff! We need to question every narrative at every moment and Jeff turned our narrative upside down :)))
I’ve been listening to Jeff in bits and pieces. This is the discussion that pulls the basics together. Great interview.
This was a really thought-provoking episode. Thank you. I would be curious to hear Jeff Booth's perspective, given how bitcoin's deflationary policy would seem to pair well with the deflation Jeff Snider described.
Agree, I thought of Jeff booth right away.
I tend to agree with Jeff Booth that we need a fundamental shift in thinking. The idea that deflation is "bad" is not true, things getting cheaper is good, as is encouraging careful capital allocation only into things that provide a better return than deflation does.
@@Julian-pj2zi can you elaborate? What is monetary deflation in this context? Bitcoin has a fixed supply but not a shrinking supply unless you’re counting lost coins? What does this mean?
That was good. Been listening to Jeff/Emil for a few years, first skeptical and then their framework makes more sense, and interview really brings his thinking together. Provides a different framework to see the markets/monetary system. Coming around to the Silent Depression concept too. Growth stagnant and conditions declining for anyone buy the upper 1%, and getting worse. Just seeing all the homeless in the last few years grow, the growth of "gig economy" that basically doesn't cover costs, inability to afford middle class things -- it's all a trend that we should probably be bold enough to call a depression. The media will evidently make us think this is the way it should be and rather have us focus on red/blue state wrestling matches.
I really admire Jeff Snider. He is generous and truthful, yet he is out matched by those who lust greed and power and are full of lies. I'm talking about the 1%. When the future looks back at our history, he will be remembered as one of the few who tried to save our Nation from economic Armageddon.
Every time I listen to Jeff I learn something new. It’s crazy. His depth of knowledge is something else. This video is halfway digestible. Some of his other material is insane.
My favorite episode. I've watched it 3 times. Def bring Jeff back
Pete, this is right at the top of your best interviews. So informative. Will have to listen more than once.
Actually Lyn Alden would confirm the eurodollar market and it is opaqueness and complexity. Actually, she would tell you that Jeff is probably one of the very few people who can look into the eurodollar market and understand it's complexity.
This was a facinating and terrific discussion!
Please have Lyn also comment on it.
This conversation made my day (and my lunch time). Thank you very much for that!
@@Julian-pj2zi For sure. I think he may be a bit surprised how many of the new age macro thinkers are ready for his message.
But Lyn is a Bitcoin bull. I am as far as it being money as in a store of value but as currency (elastic unit of account) it's too deflationary. We need more elastic crypto to spend and Bitcoin to save in and reject the Euro Dollar system. Its our only way out of this bankster prison.
Jeff is absolutely fantastic- glad you found him. He has shifted my worldview substantially (or at least, financial worldview).
This is by far one of my favourite discussions so far. I’ll be checking out the Eurodollar University podcast. For some reason I couldn’t listen on audible. I can’t play UA-cam when my screen is locked. If anyone knows why, I’m dying to fix it
I’m in Notts, UK. I keep pilling people. I just hope we can clean up the financial system. We need bitcoin ATM’s in the UK if anyone reading is in that industry. Needs to be done. Thanks Peter. Always an education
Looking back this was one of Snider’s best feature podcasts. Kudos
Wow.....Respect for interviewing Jeff and welcome to the Eurodollar rabbit hole!
I've had to listen to this interview three times to get my head around it because it's turned everything that I thought I understood on it's head.
Again Peter, another great interviewee
Jeff is so good, absolutely love their podcast with Emil. So much quality knowledge here.
Their == his?
1a
Jeff Snider is fantastic, I needed to listen to him several time before I understood how amazing his analysis is
Ty for asking Jeff to explain as if we’re children! Ty for continuing to drill down the concepts! Love Jeff and Emil!
One of your best shows of the year! Jeff Snider seems to be saying the same thing that Jeff Booth says in his book, that deflation might be inevitable due to exponential technological advancement. But if that's true, how do we prepare for that? How do we fix money? And is Bitcoin part of the solution? It would be great to have Jeff Snyder, Lyn Alden, and Jeff Booth discussing/debating these topics.
@@Julian-pj2zi great point. Thanks.
Amen. We need those 3 in a room Peter.
@Julian -- When you say "Monetary Deflation" are you referring to Deflation caused by Monetary Policy which is different from "Price Deflation" caused by technological advances? My point is: is it clear what's actually contributing to Deflationary pressures? Jeff Snider's argument seems to be that deflation is coming from commercial banks who "tighten" monetary policy when they become more risk adverse. But is the underlying cause of that asymmetrical technological advancement? If one country has more tech than another country, wouldn't that country be considered "more credit worthy" and vice versa? If there are only a handful of countries that have great tech advancement, will those be the only ones who are "credit worthy" while the rest continue to face high inflation as their currencies erode? Jeff Booth argues that deflation is "the key to an abundant future" but Jeff Snider says "good money" needs to have a certain amount of elasticity which implies that some inflation is a good thing. These are the two points of view that I would love to get some clarity around. Is money elasticity and inflation REALLY necessary? And if so, what's the right amount?
Fascinating. I haven't absorbed everything, but I am 100% willing to buy the argument that no one really knows what money is.
My head just exploded watching this. It's going to take me a while to understand all of that but my gut tells me it made perfect sense. Another excellent podcast and I'm for sure going to be researching this more.
Did you stay until the end? He writes for the Epoch Times. Enough said.
when I begun studying eurodollar system it all started to make sense, I think jeff is right its worth to investigate if you dont know anything about it!
Could you please explain it to me, what happens when a U.S domestic bank borrows from the eurodollar market.
What is the role of reserves? Since the eurodollar is reserve-less and it works then why do the domestic US banks have reserves on their balance sheets?
Always excellent content. Very thought provoking episode. Keep it up boys x
Think I need to listen to this episode everyday for a good month to fully absorb it all.
Some of it makes sense, but a good portion just sounds like jibberish. That could be a limitation of my vocabulary in the subject. "Expand the balance sheet" to me is essentially the same as creating virtual currency, which is inflation of the money supply, not to be confused with CPI. Supply suck makes sense, but I just don't what deflation is all about.
My jaw can’t drop any further. Eye opening view on things and we can’t wait to hear confirming or countervailing opinions. Great job!
Mind blowing. Totally new, fresh and very convincing view on the current macro economic situation.
good one. love how you stop jeff and make him explain. this is something that often does not happen in other podcasts, but this is what really helps to understand what he says
Great conversation. I appreciate you pushing yourself to the limit of your understanding on camera Pete. Just know that we are all on the limits of our understanding as well, just trying to slowly grow that understanding…
This channel is slowly becoming my favourite! I'm learning so much about how the world works.
Great Interview that followed up with many issues Bitcoiners haven’t fully addressed.
Great convo
Marko you should summize this convo for a video and explain it in simpler terms.
Great great interview! I have been following Jeff for a while, but You guys get the most of him :) Thanks!
Absolutely fascinating Outlook by Jeff Snider. I could watch this several times over and not completely comprehend it all.
Jeff is a great guest
Awesome content. Jeff Snider description of EuroDollar system and everything that happens in the global economy etc. is fantastic!
Great content!!! Have me been following Jeff for some time now, and feel highly aligned
never watched this channel before but WOW! asked all the questions I as an accountant want to ask. Can tell he is really trying to understand it and asked all the questions we as people would ask. Thank you!
This interview is the most accessible I've seen of Jeff. It takes a Layman (no offence Peter) sat opposite in order to make sense of his Euro-dollar thesis.
None taken, this is my shtick :)
One of the best appearances by Jeff. I watch his and Emil's show often, but sometimes it's easy to lose the big picture view of what they mean. This was a very nice summary of the main points. Also the host very nicely pressured Jeff here and there to clarify some of the statements that he often makes (e.g. why deflation is the worst of the evils).
Thanks guys!
Robert Barnes brought me here. Fascinating stuff. Definitely going to have to watch this a few times.
Great interview. Will have to watch more than once. Which means there’s things to learn here!
Briliant podcast Peter - it's hard to disagree with Jeff.....
That was actually one of the best snyder interviews
First time listening to Jeff. This was really informative. Hope you bring him bank on again
Planning to re-watch and take some notes. Great one !
Such a legendary video!!!
1:18:10 how governmental debt functions
Best interview you ever did. I learned a lot. You asked the right questions, as a beginner, and brought out things I never understood. Jeff makes a ton of sense. I have to listen again to get everything down. I think he is right about how the world monetary system works and what it needs to evolve to a better place for everyone.
Not a huge fan of the host but his open mindedness to the euro dollar system was refreshing. His willingness to learn gives me hope for the rest of the plebs
I appreciate that you are open to guests who are not bullish on Bitcoin. Thanks for this one.
Wooo! Jeff's the best! Can't wait to see this.
Ah GREAT Jeff Snider one of my favorites!! Thank you!
This a really great episode! Learned so much and it definitely challenged my thinking
I’m nit picking stuff in my comments but it’s great to hear the other side and their take. This is how we learn and grow.
Loved watching your face throughout this interview….so many pennies dropping. Fascinating conversation 🙏
One of the most fascinating and eye-opening podcasts I have ever witnessed. Thank you for doing this Peter, and great job. I have followed Jeff for months already but I have never had the eurodollar system crystalized as it was in this podcast. After following him for months, I literally learned more about the Eurodollar system from this podcast than I have from other interviews. Thank you so much for doing this. Amazing job on the interview.
This is going to take me all day to listen to
More people need to see this start to finish. Share this with your family everyone
This one blows my mind and I keep coming back to it.
Incredibly riveting and interesting discussion! Jeff is definitely not a fed apologist and takes a fascinating contrarian take that the Fed isn't really all that powerful and simply responds to the environment.
Mind blowing. Thank you Peter
Jeff and Steven van Meter are now working together. Both are brilliant minds. I’m editing this a year later and it strikes me that if I think about all that’s discussed one can’t make rational sense out of this if one thinks musing a one-track mind. One needs to think at a level of multiple layers, then it makes sense. Certainly not easy to grasp with our own biases to deeply entrenched.
I love this show , and I have to admit that I listened to this 3 times to wrap my head around this . GREAT Episode !
Wow this really makes you think. Please follow up as you mentioned. Top interview.
Get this guy on again. he has a different view point which is very valuable.
This is the most I've ever understood Jeff. He got away from you a bit after an hour, but that's OK. Thanks Peter, you did a great job of bridging the gap to the audience.
Damn best episode so far. You have asked the basic question which is what I also want to ask Jeff.
Awesome interview. You've got to get Lynn and Jeff on the same interview. It would be interesting to hear them bounce ideas off of each other
Eurodollars were the dollars pumped into Europe for the reconstruction of Germany via the Marshall Plan so it is not a mystery. They are also a product of the current account deficits run by the U.S. since the early 1960s. London is the center for eurodollar trading and bond issuance. Eurodollar bonds are called Eurobonds and are issued mostly by big transnational operations to help finance their world operations. The center for eurobond trading is London as well.
Hey Maneco, how does it feel to be wrong about almost everything you make videos on?
what changed in 2008, why are they so risk averse now...
At the start of the interview he laughs at deflation being psychological and then at 48:00 he says the inflation is a psychological sentiment. Interesting points none the less
What an amazing podcast 👏 get him back on
actually mind blown, really challenged my thinking! Great one
Thank you for educating us!
Inredible show Peter. Learnt so much from this. Thanks for putting this together 👍🏼
Watched this twice. Amazing
One of the most fascinating conversations. Appreciated the content
8:31 Peter asks Jeff what would make good money, and Jeff replies with a description of bitcoin. Bingo.
is bitcoin elastic? I think not
Love Jeff! Euro Dollar University with Emil is fucking great!
I would pay money to hear Lyn and Jeff have a conversation on this topic
This podcast truly expanded my view on the economy and might even changed it. Thank you.
Brilliant interview, thank you. Such thought provoking and enlightening.
Milton Friedman wrote a great primer on the Eurodollar system: 'The Eurodollar Market: Some First Principles'.
Great conversation. I worked at the Chicago Mercantile Exchange (CME) for 25 years. Euro Dollar Futures contracts have the largest trading interest than everything. Jeff is so wright and in my opinion it is the largest scam in the US financial system. Because it is not transparent like Bitcoin. Much love to all my Bitcoin brothers ans sisters.
Why do you call it a scam?
@@cyberft Because it scams all the dollar holders/savers
I bet I was there when you were! Eurodollar and FX futures
Thanks for this podcast
transgresor, excellent arguments. forced me to review some basic ideas in regards some fundamental concepts.
50% of what Jeff Snyder says seems totally obvious and clear and undeniable. 50% of what he says makes me want to scream back at him "How can you say that????"
And 0% of what he says is understood by me no matter how much I listen to him.
This is a fantastic fascinating discussion