MacroVoices #343 Jeff Snider: Why the Dollar Remains King
Macro Voices
00:00
Banks Are Cutting Off Their Japanese Opponents
From may 19 98 onward, us banks were not going to be supplying us. Dollar funding through this uro dollar system to japanese banks. And some japanese institutions did end up failing throughout 19 97 and 19 98. To this day, we have no idea how much the fed actually sold or what was actually going on.
Play episode from 26:54
Transcript
