Heresy Financial and Lynette Zang 3-9-2023
The Eurodollar: A Global Financial Crisis Waiting to Happen
Heresy Financial : 3-8-2023
The Eurodollar is not a great name considering they're not European, have nothing to do with euros, and are not even really dollars.
So if that's the case, then what exactly is a euro-dollar and how does it present potentially the biggest risk to the global financial system since the Great Depression?
0:21 The Bretton Woods Agreement
1:29 Abuse of Trust and the Gold Window Closure
2:06 The Global Reserve Currency
3:33 The Problem with Rehypothecation
7:57 The Federal Reserve's Role in Preventing a Financial Crisis
9:02 The Eurodollar System and its Massive Pile of IOUs 9:48 The History of the Global Reserve Currency
10:51 Potential Catalysts for Another Financial Crisis
12:54 Central Banks' Attempts to Recapitalize Foreign Banks
13:57 Upward Pressure on the Dollar's Value in Case of a Financial Crisis