65a This is what caused the 1970s Dollar Devaluation
US President Jimmy Carter told the nation that the US dollar's devaluation "is clearly not warranted by the fundamental economic situation". In fact, it was unreservedly deserved as the necessary consequence of prolonged official incompetence.
---------SPONSOR----------
Friends, are you worried your monetary policies are causing lurid levels of inequality? Are you concerned civil war, its hour come round at last, slouches toward K Street? Do you worry how your supple neck will fare when the blood-dimmed tide is loosed? Then the new Eurodollar Enterprises Second Skin Neck Brace is for you!
Yes, strut through The Waste Land knowing that marauding lynch mobs of War Boys pose no danger. The carbon-fibre nanoweave is comfortable, flexible and the ultimate luxury in an April dystopia you hastened. Barter aquacola for guzzoline at Thunderdome with no concern of the guillotine. Is that the Road Warrior with a chainsaw? Then save your skin... with your Second Skin Neck Brace.
---------SEE IT-----------
Twitter: https://twitter.com/JeffSnider_AIP
Twitter: https://twitter.com/EmilKalinowski
Alhambra YouTube: https://bit.ly/2Xp3roy
Emil YouTube: https://bit.ly/310yisL
Art: https://davidparkins.com/
---------HEAR IT----------
Vurbl: https://bit.ly/3rq4dPn
Apple: https://apple.co/3czMcWN
Deezer: https://bit.ly/3ndoVPE
iHeart: https://ihr.fm/31jq7cI
TuneIn: http://tun.in/pjT2Z
Castro: https://bit.ly/30DMYza
Google: https://bit.ly/3e2Z48M
Spotify: https://spoti.fi/3arP8mY
Pandora: https://pdora.co/2GQL3Qg
Breaker: https://bit.ly/2CpHAFO
Castbox: https://bit.ly/3fJR5xQ
Podbean: https://bit.ly/2QpaDgh
Stitcher: https://bit.ly/2C1M1GB
PlayerFM: https://bit.ly/3piLtjV
Podchaser: https://bit.ly/3oFCrwN
PocketCast: https://pca.st/encarkdt
SoundCloud: https://bit.ly/3l0yFfK
ListenNotes: https://bit.ly/38xY7pb
AmazonMusic: https://amzn.to/2UpEk2P
PodcastAddict: https://bit.ly/2V39Xjr
--EP #65: PART 01 TOPICS--
01:03 Unlike the 2010s, in the 1970s finding inflation was no problem - it was everywhere
02:39 The era's inflation, the currency's devaluation, was due to official incompetence
06:16 Robert Roosa, a US Treasury official, notes the CAPITAL account dominates the CURRENT
09:48 The Carter Bonds sought to help the Federal Reserve out of a foreign-exchange pickle.
11:51 What is the Exchange Stabilization Fund?
12:49 Triffin's Paradox could be solved by a extra-national system.
14:42 What is Triffin's Paradox?
16:47 Roosa said in 1963 that international capital flows were stressing currency stability
19:19 Roosa Bonds were 1960s certificates to foreign central banks to relieve Fx instability.
23:03 In 1984 Roosa said the eurodollar system was beyond the control of the Federal Reserve.
26:23 In the 1980s scholarship and interest in the problem of the eurodollar system ceased.
--------REFERENCES--------
History Isn't On Your Side If You're Looking for Inflation: https://bit.ly/3uW97EJ
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7
---------WHO-----------
Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Art by the Ingmar Bergman of the pen, David Parkins. Podcast intro/outro is "Strolling with You" by John Runefelt at Epidemic Sound.
---------TAG----------
#JeffSnider #CarterBonds #GreatInflation #EurodollarSystem #ReserveCurrency #TriffinsParadox #TriffinsDilemma
Видео 65a This is what caused the 1970s Dollar Devaluation канала Emil Kalinowski
---------SPONSOR----------
Friends, are you worried your monetary policies are causing lurid levels of inequality? Are you concerned civil war, its hour come round at last, slouches toward K Street? Do you worry how your supple neck will fare when the blood-dimmed tide is loosed? Then the new Eurodollar Enterprises Second Skin Neck Brace is for you!
Yes, strut through The Waste Land knowing that marauding lynch mobs of War Boys pose no danger. The carbon-fibre nanoweave is comfortable, flexible and the ultimate luxury in an April dystopia you hastened. Barter aquacola for guzzoline at Thunderdome with no concern of the guillotine. Is that the Road Warrior with a chainsaw? Then save your skin... with your Second Skin Neck Brace.
---------SEE IT-----------
Twitter: https://twitter.com/JeffSnider_AIP
Twitter: https://twitter.com/EmilKalinowski
Alhambra YouTube: https://bit.ly/2Xp3roy
Emil YouTube: https://bit.ly/310yisL
Art: https://davidparkins.com/
---------HEAR IT----------
Vurbl: https://bit.ly/3rq4dPn
Apple: https://apple.co/3czMcWN
Deezer: https://bit.ly/3ndoVPE
iHeart: https://ihr.fm/31jq7cI
TuneIn: http://tun.in/pjT2Z
Castro: https://bit.ly/30DMYza
Google: https://bit.ly/3e2Z48M
Spotify: https://spoti.fi/3arP8mY
Pandora: https://pdora.co/2GQL3Qg
Breaker: https://bit.ly/2CpHAFO
Castbox: https://bit.ly/3fJR5xQ
Podbean: https://bit.ly/2QpaDgh
Stitcher: https://bit.ly/2C1M1GB
PlayerFM: https://bit.ly/3piLtjV
Podchaser: https://bit.ly/3oFCrwN
PocketCast: https://pca.st/encarkdt
SoundCloud: https://bit.ly/3l0yFfK
ListenNotes: https://bit.ly/38xY7pb
AmazonMusic: https://amzn.to/2UpEk2P
PodcastAddict: https://bit.ly/2V39Xjr
--EP #65: PART 01 TOPICS--
01:03 Unlike the 2010s, in the 1970s finding inflation was no problem - it was everywhere
02:39 The era's inflation, the currency's devaluation, was due to official incompetence
06:16 Robert Roosa, a US Treasury official, notes the CAPITAL account dominates the CURRENT
09:48 The Carter Bonds sought to help the Federal Reserve out of a foreign-exchange pickle.
11:51 What is the Exchange Stabilization Fund?
12:49 Triffin's Paradox could be solved by a extra-national system.
14:42 What is Triffin's Paradox?
16:47 Roosa said in 1963 that international capital flows were stressing currency stability
19:19 Roosa Bonds were 1960s certificates to foreign central banks to relieve Fx instability.
23:03 In 1984 Roosa said the eurodollar system was beyond the control of the Federal Reserve.
26:23 In the 1980s scholarship and interest in the problem of the eurodollar system ceased.
--------REFERENCES--------
History Isn't On Your Side If You're Looking for Inflation: https://bit.ly/3uW97EJ
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7
---------WHO-----------
Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Art by the Ingmar Bergman of the pen, David Parkins. Podcast intro/outro is "Strolling with You" by John Runefelt at Epidemic Sound.
---------TAG----------
#JeffSnider #CarterBonds #GreatInflation #EurodollarSystem #ReserveCurrency #TriffinsParadox #TriffinsDilemma
Видео 65a This is what caused the 1970s Dollar Devaluation канала Emil Kalinowski
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
MacroVoices #267 Jeff Snider: Why Deflation Is The Story, Not InflationWhy Grantham Says the Next Crash Will Rival 1929, 200067b When is government debt too much debt?65b The Fed is right about inflation (this time)How Banks Work & Dictate the Economy — DiMartino Booth — Down the Middle with Richard WernerMaking Sense Eurodollar University Episode 164: LIVE! Reaction: Answering The EconomistJeffrey Snider: Making Sense And Money Out Of The Global Monetary MadnessAll About The Repo Markets with Jeff Snider - April 15, 2020Warning! Food inflation on the rise (and what to do now)67c There are 6 (to 20?!) Liens on each US Treasury41.2 Copper Prices Signal Inflation (they're wrong!)62a You Won’t Believe it: Fed Admits QE is Unhelpful60a Quantitative Easing: 20-Year Anniversary!Jeff Snider (Shadow Money, Derivatives, Free Banking, Bitcoin, "Money Printing")Optimism over Canada and U.S. economies overdone: David RosenbergEurodollars Explained: The Financial Dark Matter That Is Killing Us60c Powell likens Fed’s COVID response to DunkirkJim Rogers "This Is The Worst I've Seen In My Lifetime"The Great Inflation Panic of 2021