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Fed told Congress to Ignore Offshore Money Creation [Eurodollar University, Ep. 212]
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
-----SEE ALL EPISODES-----
Alhambra YouTube: https://bit.ly/2Xp3roy…
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