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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.
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.