AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Emergence of the Eurodollar System | The Snider Series | Episode 2 (WiM088)
The "What is Money?" Show
The Cracks in the Dam, Eh?
We created the dam around us, dollar liquidity, but there was so much demand for it outside. The thing just went crazy and all eknow the banking system started dreaming all sorts of different ways to do these reserveless, virtual monetary transactions that authorities just couldn't keep up with. It was a pesent period of massive bank as well as money evolution. By the early 19 seventies, the fed, te b i s, the bank of england, everybody just kind of threw up their hands and said, we can't even define money any more. We m one, forget it. Am two, forgetIt. Those things just don't apply, because banks are doing
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
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