Eurodollar University’s Making Sense; Episode 33; Part 1: The True Horror Tale

———WHERE———

———WHO———

Twitter: https://twitter.com/JeffSnider_AIP
Twitter: https://twitter.com/EmilKalinowski
Art: https://davidparkins.com/

Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski, redrum redrum REDRUM! Artwork by the modern day Gustave Doré, David Parkins. Podcast intro/outro is “Fugent” by Lupus Nocte at Epidemic Sound.

———WHY———

33.1 What is the Scariest Monetary Tale Ever Told?
Which tale are young economists told before they are tucked into bed to keep them on the straight and narrow? What cold sweat overwhelms them when the orange demon moon rises over the horizon bathing the landscape in a bloody glow? What terror awaits central banks this Halloween?

[Emil’s Summary] Broadcasting from the kingdom of NYE, I’m Art Bell and this is Coast to Coast AM from the great beyond. Tonight we’ll talk to General Johnson Jameson from his bunker complex beneath the Saskatchewan crust, as to whether Y2K can still happen. Then… ‘Do you want to believe?!’ The government doesn’t want you to. Chris Carter, creator of the X-Files, will tell us exactly which episodes the government didn’t want you to see. Also, Rod Sterling will join me live in studio… well in a manner of speaking. Was the Twilight Zone a documentary that had to be presented to the public as fiction…?

Our time on Earth is indeed, very short. No matter how old or young you are, you are a tiny slice of the cosmos’ plan. You’re here for a very, very short time. We all are. And the big question of course is, what happens after we end this physical life… or it is ended, however you have it. It’s a big question. And October, of course, is a great time to explore that question because one of the main things you look for is some – any evidence of life beyond the physical. The supernatural, the apparition, the unexplained, the Kachina doll that seems to move around the house by itself…

There’s no place more spooky and unexplained than central banking and the monetary order. Let us then enter another dimension. A monetary realm. Let us turn to the wildcard line. Jeff, Emil… can you hear me? This is Art Bell.

———WHEN———

00:05 What ghost story is told young economists to keep them up at night?
02:29 The “proliferation of products” is a phrase used by Alan Greenspan and reveals EVERYTHING
04:32 Officials rationalized away the proliferation, the things going bump in the night
06:41 Some individuals – Günter Dufey and Ian Giddy, among others – warned us about the monster
10:41 How did the eurodollar system turn into an “external currency” that dominated the world?
11:53 What is a virtual-virtual currency? Promises! Promises that someone can get dollars.
14:57 Like Dr. Frankenstein, Alan Greenspan was worried about the monetary monster going berserk
17:52 What is Jeff Snider’s favorite scary movie?

———WHAT———

A True Horror Tale: https://bit.ly/2TGjGvb
FOMC Meeting Minutes Transcript, June 27-28, 2000: https://bit.ly/3kKDysO
Innovation in the International Financial Markets by G. Dufey and I. Giddy: https://bit.ly/2HDEpND
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7

Eurodollar University’s Making Sense; Episode 33; Part 1: The True Horror Tale

About the Author: Jeffrey P. Snider

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