Eurodollar University cover image

The yen isn't Japan's problem, it is everyone's problem. Because this crash isn't the Fed.

Eurodollar University

00:00

Introduction

Central banks and governments control everything, right? That's what everybody says, especially when it comes to their currency. But then you see the results of something like quantitative easing, which is the Central Bank buying things, and see how pitiful they are. China also had the world's largest, I mean, human histories largely, they had the largest stockpile of reserves anyone has ever seen. And yet, where is their currency lately? Their currency is crashing, it's plummeting. Even though they have $3 trillion in foreign reserves. One time back in 2014, they had $4 trillion. And between the end of 2013 and the end of 2016, a trillion in Chinese reserves just disappeared

Play episode from 00:00
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
 Get the app