Hidden Forces

Are We Headed Towards a Monetary Breakdown? | Jeff Snider

Dec 26, 2022

55:59

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Episode guests

Jeff Snider

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Quick takeaways

The monetary system is complex and not solely controlled by the Federal Reserve, with the Eurodollar market and bank balance sheet expansion playing key roles.

Inflation is a monetary phenomenon, not solely triggered by fiscal stimulus or the Federal Reserve's quantitative easing, and the price increases observed in 2021 were largely due to supply shock.

Failures to learn important lessons from the 2008 financial crisis, inadequate understanding and regulation of the Eurodollar system, and the limited ability of the Federal Reserve to regulate and monitor the monetary system have contributed to ongoing challenges.

Deep dives

The Complexity of the Monetary System

The podcast discusses the complexities of the monetary system and how it has evolved over time. It highlights the role of the Eurodollar market and the creation of money through bank balance sheet expansion. The speaker emphasizes that the monetary system is not solely controlled by the Federal Reserve and explains how the system operated without the Fed's influence in the past. The episode explores the challenges faced by central banks in understanding and regulating the system, particularly in terms of elasticity and the transmission mechanism. It also touches on the paradigm shift in risk-taking behavior and the changes in banking operations and regulations post-2008 crisis.

What Is Money Printing?

02:51

Quantitative Easing and the Collateral Crisis?

02:23

What's the Best Quality Collateral?

04:24

Introduction

3min

Hidden Forces Interview With Jeff Snyder

3min

What Are the Books That You Used to Go Down That Rabbit Hole?

2min

What Are the Biggest Misconceptions About the US Dollar?

2min

The Federal Reserve, Isn't That the Key Difference?

3min

Is There a Meaningful Distinction Between Your Dollars and Dollars?

4min

What's the Objective of Central Banks?

4min

Quantitative Easing Is an External Attempt at Trying to Influence Behavior

3min

What We Learned From the 2008 Crisis?

4min

10.

The Fed Is Ineffective in What?

2min

11.

Is There a Risk in the Real Economy?

3min

12.

The Risk-Adjusted Return

3min

13.

What's the Best Quality Collateral?

4min

14.

What Do People Most Get Wrong About the Markets?

2min

15.

What Is Money Printing?

3min

16.

Is There a Supply Shock Driving Consumer Price Inflation?

5min

17.

Is 2008 a Breakdown in the Refinancing Mechanism?

2min

18.

Quantitative Easing and the Collateral Crisis?

2min

19.

Hidden Forces Podcast - The Second Hour

3min

In Episode 289 of Hidden Forces, Demetri Kofinas speaks with Jeff Snider. Jeff is Chief Strategist for Atlas Financial and co-host of the Eurodollar University podcast where he untangles the inner workings of the global monetary and Eurodollar reserve currency system with implications for policymakers and investors.

The public often takes for granted the Federal Reserve’s ability to end economic recessions by engaging in what is popularly referred to as “money printing.” Unfortunately, the reality is much more complicated and Jeff and Demetri spend the first hour of their conversation explaining what makes it so and why it matters. They spend the second hour of their conversation discussing what a recession will look like in 2023-2024, how bad it could get, and why it could lead to a monetary breakdown as we transition from a world of perpetual QE to one of permanent fiscal stimulus. What this means for investors and the value of our money is a critical part of their discussion and one you do not want to miss.

You can subscribe to our premium content and gain access to our premium feed, episode transcripts, and takeaway’s at HiddenForces.io/subscribe.

If you want to join in on the conversation and become a member of the Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page. If you still have questions, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you.

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Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

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Episode Recorded on 12/22/2022

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Hidden Forces

Are We Headed Towards a Monetary Breakdown? | Jeff Snider

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

The Complexity of the Monetary System

Misconceptions About Inflation and Money Printing

Lessons Not Learned from the 2008 Crisis

Forecasting Challenges and Risks in the Current Economic Climate

Reforming the Financial System and the Role of Political Expediency

What Is Money Printing?

Quantitative Easing and the Collateral Crisis?

What's the Best Quality Collateral?

Remember Everything You Learn from Podcasts