"Don't Fight The Fed" | The Snider Series | Episode 3 (WiM093)
The "What is Money?" Show
00:00
Asian Financial Crisis
Ashy: We're using accounting standards that were developed it 70 years ago for a world that hasn't existed in generations of lifetimes here. He says we can't handle the introduction o risk, because the system is actually much more fragile than we believe it to be intresting. Ashy: Ther is following the letter, not necessarily the spirit, of the law. And they gain this obfiscation through accounting.
Transcript
Play full episode
