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Emergence of the Eurodollar System | The Snider Series | Episode 2 (WiM088)
The "What is Money?" Show
The Relationship Between Capital Reserves and Uro Dollars
If we lower the reserve requirement in the us, that would then expand the ability of goldman sacks to issue more letters of credit. That letter of credit could then go to this an island bank, which could become expedentially more uro dollar. A uro dollars. Once it started, there really was no more need for anything from the us. To really feed the system, because it, as alreadywas sort of like a self contained process. I really was amonetary ecuo system, allof oh, interesting. So they im asking about just capital reserves in general, the relationship between that in the us Versus the uro dollar system.
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