OUTLINE 00:00:00 “What is Money?” Intro 00:00:08 The Stealth Emergence of the Eurodollar 00:03:39 Similarities with Stablecoins 00:06:03 The Medium of Global Exchange 00:09:55 Making Money by “Making Money” 00:13:09 Reputation: The Original Store of Value 00:17:46 Regulation Q & Regulation D 00:23:43 Perfect Storm for the Eurodollar 00:31:02 NYDIG 00:32:09 Eurodollar: The First Digital Currency 00:37:18 Final Settlement & Reserve Risk 00:40:00 Accounting Gimmicks & the Bank Balance Sheet Reserve System 00:44:43 The Fed Losing Control of Money in the 1960’s 00:48:23 Differed Store of Value of the Eurodollar 00:51:00 Expectation-Based System Fallacy & Irrational Exuberance 00:56:19 Stagflation in the 1970’s 00:58:36 Phillip's Curve