![Fed told Congress to Ignore Offshore Money Creation [Eurodollar University, Ep. 212]](https://img.transistorcdn.com/-Kjy1QXXNWs0RGWhXI8SeZ5ulCNEDMZwMKuE1NjjETg/rs:fill:0:0:1/w:1400/h:1400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9lcGlz/b2RlLzg1MDU2Ny8x/NjQ5MDc2ODU5LWFy/dHdvcmsuanBn.jpg)
Fed told Congress to Ignore Offshore Money Creation [Eurodollar University, Ep. 212]
In the 1970s the Federal Reserve investigated the offshore, shadow-money system and found it complex and difficult to define; it then told the US Congress to ignore it.
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Show Notes
In the 1960s the Bank for International Settlements investigated the offshore, shadow-money system and found it straightforward and to be ignored. In the 1970s the Federal Reserve said same system had become complex and difficult to define; it then told the US Congress to ignore it.
----EP. 212 REFERENCES----
Volcker’s Petrodollar Bigfoot; Or Why Curves Today Are So Against The Fed And Its Rate Hikes: https://bit.ly/3J0mfzi
Alhambra Investments Blog: https://bit.ly/2VIC2wWlin
RealClear Markets Essays: https://bit.ly/38tL5a7
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---------THE TEAM---------
Jeff Snider, Head of Global Investment Research for Alhambra Investments. Master of ceremonies, Emil Kalinowski. Illustrations by David Parkins. Audio and video editor, Terence. Episode intro/outro music is "1983" by Ben Elson.
------FIND THE TEAM-------
Jeff: https://twitter.com/JeffSnider_AIP
Jeff: https://alhambrapartners.com/author/jsnider/
Emil: https://twitter.com/EmilKalinowski
Emil: https://www.EuroDollarEnterprises.com
David: https://DavidParkins.com/
Terence: https://www.VisualFocusMedia.com
Ben Elson: https://www.epidemicsound.com/artists/ben-elson/
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