3min chapter

Odd Lots cover image

Zoltan Pozsar on His Next Big Move and the Coming Monetary Divorce

Odd Lots

CHAPTER

The Shadow Banking System

World trade, trading of commodities is going to get invoiced in currencies other than just a dollar. All this central bank digital currency is market making and FX markets migrating to the balance sheets of central banks. If that thesis is true, I think over time, that's going to provide balance sheets to all the G-sibs. That's the bread and butter domain of JPMorgan Bank of America and Citiben.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode