I'm just a regular guy with a job and it has taken me hundreds of hours (maybe a thousand) of watching videos about Macro to get to the point where I can listen and get the gist of what you are talking about. Thanks to Jeff, George Gammon, Luke Groman, Lyn Alden, and all the others for teaching us. God Bless them. With some great teachers, time, and effort us regular folks can see the man behind the curtain much better than ever before.
On the contrary. Britaiin has taken IMF bailouts before and had to impose austerity on ordinary people as a result. It isn't "rich countries" that lend money to "developing" countries - it is, and has always been, the international banking system that lends and the terms are always austerity.
Thanks mate, I'm from the UK and all of what's been said is true. People are going through tough times and there is a difficult winter ahead. The biggest problem here is the gas and electric bill's have gone up 400% . Will be sharing this video with friends and families to help them realize and prepare. With inflation currently at about 10%, my primary concern is how to maximize my savings/retirement fund of about £300k which has been sitting duck since forever with zero to no gains.
There are a lot of ways to make a killing right now, but such high-volume near impeccable trades can only be carried out by real-time experts with the ISDA Agreement. An ISDA agreement; lets investors sit at the “big boys table” and make high-level tradess not available to amateurs. Trying to be a high-stakes trader without an ISDA is like trying to win the Indy 500 riding a llama.
@@younglee-segredo831 That's impressive! I could really use the expertise of this advisor, my portfolio has been down bad.... Who’s the person guiding you?
@@nikodemreid2128 *' Cintra V. Bedassie*', is the coach helping me out, and you can book an appointment with her through her website, just look her up online to get more info about her.>
@@younglee-segredo831 Thanks for sharing, I looked up the coach you mentioned and her credentials are quite impressive. I just booked an appointment with her.
I absolutely appreciate the many nuances this channel gives the viewer.. Of particular interest to me, is the approach/mythology/philosophy of explaining macro economic relationships. Final analysis: What a gem of a channel.
@@riodejaneiro4793 Brazil's exports have sharply decreased, for the reasons above. Latin America leaned on China too hard and are going to tumble when they fall.
@@Xerophun Latin American exports have decreased because of sanctions. Now it's very difficult to export, not only to Russia but to half the world... because banks have drastically cut their services (moving money around the world)... because they are afraid of US and EU sanctions. Therefore we have global supply chain distortions, which is leading to a global depression. It has NOTHING TO DO WITH DEMOGRAPHICS.
Thank you Jeff. That was a great explanation of the present world currency woes. p.s. you should have at least an Emil bobblehead around to represent him!
I did read one time about a study of interest rate differentials and exchange rate moves. There was a positive correlation, but, while I no longer remember the exact number, I do recall it was moderate at best. It is a relatively important factor, but certainly not the only factor.
Bullish does not always mean optimistic. It all depends on what side of the trade one is on. For example, bull moves in commodities are great if you are long that commodity, but usually bad for consumers and manufacturers.
Great analysis as always. I remember back in the 90s people used to try to speculate on the future based on the thickness of Greenspan's satchel. I don't want to insult Jeff by comparing him to "The Maestro", but I feel a compulsion to start something similar regarding those picture-less frames on the wall behind him. I think there were only 3 such frames before, but now four are clearly visible. What's mounted on the other three walls?...What does this mean? Forget Elliot Wave or whatever, I'm starting to think "added picture-less frame" = added stresses on the Eurodollar system.
Another obscure indicator used to be the length of hemlines on women walking down the side walk outside the NYSE. Shorter is bullish, longer is bearish. I don't know whether that still works or not.
CBs shenanigans playing out in currency values. Their ability to defend the actions of their governments is diminishing quickly. The Indian rupee was 42 to the USD in 2011. Its now over 80.
What is the mystery of the rising dollar? I am an immigrant to the USA in 1963. We did well and invested much of our earnings. We are totally capable to invest anywhere in the world but can not think of a better place to invest than the USA. If everybody thinks like us, there is the answer. For 60 years!
Hi guys! I am a fan. I am writting from Bulgaria ( EU ) . I am not trolling, but I just want to know what you think about the fact that all fiat is falling against the dollar BUT the RUB? We here are caught in the middle and it seems we dont have a good move.
Isn't a very important factor in the increase of the value of the dollar simply the fact that everyone is selling their dollar denominated assets, therefore raising cash (ie. buying dollars)?
If you have a dollar denominated debt in another country (Maybe the rates were better.) but everyone who has such a loan, is seeking at the same time, what dollars are available to be able to pay it off. It's a tough situation.
Hey Guys. I am currently a subscriber to MIP and intend to continue with your paid program. However, I'm not sure how to do this. Am I supposed to wait for an email with the 50% coupon? If so, it's Wednesday Sep 28th and I have not received anything. I have visited your website and the only thing I can find to enroll in the paid program is a subscribe button. So, I resubscribed using that button but, still no email. I must be missing something. Can you help me ?
You mention "it's the eurodollar system and not the fed" - can you explain what effect the fed actions have km the eurodollar system? Surely there is a relationship? Or alternatively, what is the reason for the eurodollar spasm you refer to, if its not the fed?
As far as I understand what Jeff has been saying, the problem has a name: DOLLAR SHORTAGE. In these turbulent times, the world is looking for LIQUIDITY AND SAFETY; not necessarily high returns. So, they are buying US dollars, and keeping them in the most liquid forms: cash, US bonds. And those dollars are just parked at global banks, not available for credit. Scarce dollars = more expensive dollars = higher exchange rates.
You can't have a "dollar" (It's really a Federal Reserve Note - A loan) without borrowing it into existence. Study how the Fractional Reserve Banking functions, and couple that with the understanding of how the Federal Reserve Note come into existence, then you realize that it's is at the lending banks that dollars are created through debt. You need more "dollars" in your country, then you need MORE loans denominated in "dollars" in your country, on a Fractional Reserve Basis. There are never enough "dollars" to pay the debt, ever.
I feel like the dollar (especially when compared to other currencies) gets a major boost since it has the reserve status. In times of contraction dollars are sought after since it is the most universal currency at this time.
Thanks for explaining what doesn't cause the dollar to fluctuate. Kindly explain what DOES cause this. I get that it is a global dollar shortage but, what causes that? Is it just a matter of the willingness to lend on the part of banks globally (shadow or otherwise)? All of a sudden the just get scared. Scared of their shadows?
Foreign banks are not restricted on reserve requirements to initiate loans in USD. They over leverage these loans (during the growth boom), interest rates increase at the same time of slowing growth, and so these banks now have to stop lending while simultaneously calling in their outstanding loans. Now think about the other side of that loan: businesses and governments. They now have to scramble to raise USD to service their loans and not go into default. Add in central banks in these foreign governments having to try and stem the tide of currency collapse (what Jeff talks about in this video), and you have a selling frenzy on US treasuries (what corporations and governments hold to have USD denominated assets).
Is the announcement today akin to quantitative easing? "Funding Gilt purchases for the purposes of financial stability will be financed by central bank reserves. "
It seems to me that charting the dollar strength against the actual FFR is not giving the market enough credit. I think you want to chart the DXY against EXPECTED future FFR and I think you would find a much stronger correlation.
Hi. I really like your programs. I wonder why the American government doesn't print dollars and pay off 25-50% of its debts to save the world economy and its own economy. Could it save the economy?
Jeff today what I saw was a panic in the UK bond with Germany looking shaky as well as per Emil's earlier broadcast. Bad things are coming as the Russian army disintegrates and the old world order collapses - again. Good analysis as usual -
you need plenty more US dollars to buy the same LNG/petroleum nowdays...Petrodollars.....so there's that much more global demand for the USDs everybody needs to buy fuel at much higher prices......dont you think that's a factor?
Imagine being a clown like Paul Krugman, making a career of writing about economics for the toilet paper of record, and being completely clueless about the Eurodollar system.
One thing this intervention tells us is that the battle is now joined between central banks and currency vigilantes. Very soon QE will be what causes currencies to fall, not rise. Currency is a doom loop.
How can you discuss currencies and interest rates in the world today without mentioning QE ? Surely the last few years of increased money printing has something to do with present inflation, as well as massively increasing the USA and Euro balance sheets ? Funny how China has low inflation. Explain that.
So it’s not the Fed. What is it then? Why is there a dollar shortage? Come out with it for god’s sake. Years and years of teasing us and Jeff never makes a direct statement of substance.
Say you're a bank and you have gone to all the trouble to get resource rich countries hooked on the dollar 💸💰 (for loans) and this "crisis" just happens to occur, why would the same banks that are owed dollars make dollars easy to come by? Think! They want real assets, not dollars, they can make up dollars anytime they want. Japan could have saved Thailand in the late Nineties but they were not allowed to!
Bro, it's called CASHING in your chips! Every once in a while, the Americans do default interest swaps to "appropriate" collateral put up against non-payment. From countries foolish enough to borrow in dollars 🤣 Resources and infrastructure swaps for dollars owed!
What is the remedy, Jeff? Telling regulators to back-off, or to crank up regulation against banks…..how does a civilization force the banks to take on risk and create more ‘money?’ Is the other option….Central banks get back to their original jobs and get back into the business of money management? How would they take the reins back from the banks?
You're the expert, but I never got positivity from the word "bull" aside from individuals hoping to make profits on the thing they're currently overly invested in.
Jeff you're really sharp guy but I think it would benefit you to work on doing a better steel man of ideas that you don't agree with, as I've heard you say some slightly odd things when offering descriptions of Modern Monetary Theory and now Keynesianism which I am not sure are fully accurate. Not to defend Krugman, he's an idiot. Most of them are with their econometric nonsense. But I think MMT and Keynesianism both produce meaningful contributions to economics even if they both also contain flaws. The same could be said for the Austrian School and really any others that I've been exposed to thus far.
Hey Guys. I am currently a subscriber to MIP and intend to continue with your paid program. However, I'm not sure how to do this. Am I supposed to wait for an email with the 50% coupon? If so, it's Wednesday Sep 28th and I have not received anything. I have visited your website and the only thing I can find to enroll in the paid program is a subscribe button. So, I resubscribed using that button but, still no email. I must be missing something. Can you help me ?
I'm just a regular guy with a job and it has taken me hundreds of hours (maybe a thousand) of watching videos about Macro to get to the point where I can listen and get the gist of what you are talking about. Thanks to Jeff, George Gammon, Luke Groman, Lyn Alden, and all the others for teaching us. God Bless them. With some great teachers, time, and effort us regular folks can see the man behind the curtain much better than ever before.
cvs stock
You
1000s of hours, and that is great teaching?
Same here.
Better off listening to Peter Schiff than the word salad from Jeff then…
On the contrary. Britaiin has taken IMF bailouts before and had to impose austerity on ordinary people as a result. It isn't "rich countries" that lend money to "developing" countries - it is, and has always been, the international banking system that lends and the terms are always austerity.
Thanks mate, I'm from the UK and all of what's been said is true. People are going through tough times and there is a difficult winter ahead. The biggest problem here is the gas and electric bill's have gone up 400% . Will be sharing this video with friends and families to help them realize and prepare. With inflation currently at about 10%, my primary concern is how to maximize my savings/retirement fund of about £300k which has been sitting duck since forever with zero to no gains.
There are a lot of ways to make a killing right now, but such high-volume near impeccable trades can only be carried out by real-time experts with the ISDA Agreement. An ISDA agreement; lets investors sit at the “big boys table” and make high-level tradess not available to amateurs. Trying to be a high-stakes trader without an ISDA is like trying to win the Indy 500 riding a llama.
@@younglee-segredo831 That's impressive! I could really use the expertise of this advisor, my portfolio has been down bad.... Who’s the person guiding you?
@@nikodemreid2128 *' Cintra V. Bedassie*', is the coach helping me out, and you can book an appointment with her through her website, just look her up online to get more info about her.>
@@younglee-segredo831 Thanks for sharing, I looked up the coach you mentioned and her credentials are quite impressive. I just booked an appointment with her.
I absolutely appreciate the many nuances this channel gives the viewer..
Of particular interest to me, is the approach/mythology/philosophy of explaining macro economic relationships.
Final analysis: What a gem of a channel.
Capital flight, demographic crunches, trade deficits. The rest of the world minus the U.S. is largely retiring and taking liquidity with it.
Peter Zeihan 101. Yes.
Nope. Latin Americans are not retiring, but currencies have dropped.
@@riodejaneiro4793 Brazil's exports have sharply decreased, for the reasons above. Latin America leaned on China too hard and are going to tumble when they fall.
@@Xerophun
Latin American exports have decreased because of sanctions. Now it's very difficult to export, not only to Russia but to half the world... because banks have drastically cut their services (moving money around the world)... because they are afraid of US and EU sanctions. Therefore we have global supply chain distortions, which is leading to a global depression. It has NOTHING TO DO WITH DEMOGRAPHICS.
@@riodejaneiro4793 Brazil isn't adhering to Russian sanctions.
Thank you Jeff. That was a great explanation of the present world currency woes. p.s. you should have at least an Emil bobblehead around to represent him!
Thnx Jeff.. Excellent..! Here’s hoping the safe and expeditious return of Emil..
I did read one time about a study of interest rate differentials and exchange rate moves. There was a positive correlation, but, while I no longer remember the exact number, I do recall it was moderate at best. It is a relatively important factor, but certainly not the only factor.
Great video and analysis.
glad to see jerome powell is a eurodollar uni member
Doing a great job, Jeff. Thanks for keeping up with these vids and I hope Emil is doing ok!
The Eurodollar is a bolder while the dollar is a pebble.
I remember when you guys only had 20 subscribers. Congratulations 🎉 on getting so far
I think I subscribed when they were around 2500 and now it's 28500!!!
Those Damn Speculators! Good Stuff Jeff!!
US dollar milkshake theory seems to be playing out
Bullish does not always mean optimistic. It all depends on what side of the trade one is on. For example, bull moves in commodities are great if you are long that commodity, but usually bad for consumers and manufacturers.
Great analysis as always. I remember back in the 90s people used to try to speculate on the future based on the thickness of Greenspan's satchel. I don't want to insult Jeff by comparing him to "The Maestro", but I feel a compulsion to start something similar regarding those picture-less frames on the wall behind him. I think there were only 3 such frames before, but now four are clearly visible. What's mounted on the other three walls?...What does this mean? Forget Elliot Wave or whatever, I'm starting to think "added picture-less frame" = added stresses on the Eurodollar system.
Another obscure indicator used to be the length of hemlines on women walking down the side walk outside the NYSE. Shorter is bullish, longer is bearish. I don't know whether that still works or not.
@@michaels4255 If it ever did. We're a pattern seeking species for sure.
FWIW I don't think they're pictureless frames, they look like they contain old handwritten letters or documents. But your theory is neat nonetheless 🙂
paul krugman made the best call with fax machines!
Hurrah for the channel!
I have a feeling that Jeff Snider is the smartest guy in the room.
Thank thank thank you Jeff.
Thanks again Jeff. The FIAT fiasco is definitely ending
Get your money out of the banks and into hard assets ASAP guys 🥇🥈🥇🥈🥇🥈🥇👍😎
Thank you Jeff!
CBs shenanigans playing out in currency values. Their ability to defend the actions of their governments is diminishing quickly.
The Indian rupee was 42 to the USD in 2011. Its now over 80.
Love these monologues!!!
Jeff & Emil, best in the business
Looks like some followers got a nice free taste of the good stuff offered to the members.
What is the mystery of the rising dollar? I am an immigrant to the USA in 1963. We did well and invested much of our earnings. We are totally capable to invest anywhere in the world but can not think of a better place to invest than the USA.
If everybody thinks like us, there is the answer. For 60 years!
Been waiting all day for this
Hi guys! I am a fan. I am writting from Bulgaria ( EU ) . I am not trolling, but I just want to know what you think about the fact that all fiat is falling against the dollar BUT the RUB? We here are caught in the middle and it seems we dont have a good move.
What prevents the US from selling dollars, buying weak currencies to calm things down?... they did it in the 80's
Because that's too easy, they want the other way out....central bank to the world.
I’m from Turkey. Will you take 19,000 of my lira for your $1000 USD?
The FED has a $30 TRILLION balance sheet and yet Jeff says they have no effect on the world. Someone please explain.
Thank you
Isn't a very important factor in the increase of the value of the dollar simply the fact that everyone is selling their dollar denominated assets, therefore raising cash (ie. buying dollars)?
If you have a dollar denominated debt in another country (Maybe the rates were better.) but everyone who has such a loan, is seeking at the same time, what dollars are available to be able to pay it off. It's a tough situation.
Hey Guys. I am currently a subscriber to MIP and intend to continue with your paid program. However, I'm not sure how to do this. Am I supposed to wait for an email with the 50% coupon? If so, it's Wednesday Sep 28th and I have not received anything. I have visited your website and the only thing I can find to enroll in the paid program is a subscribe button. So, I resubscribed using that button but, still no email. I must be missing something. Can you help me ?
Outstanding
NZ is part of FIVE EYES. Does the same apply to NZ's currency or are the RB's of the 5Eyes in sync?
Somebody’s got to go down. There’s many Lehmans out there. Who’s next?
India's cool because they saw what occurred to Thailand.
They didn't buy into that trap.
YOU ARE GREAT / THANK YOU...
You mention "it's the eurodollar system and not the fed" - can you explain what effect the fed actions have km the eurodollar system? Surely there is a relationship? Or alternatively, what is the reason for the eurodollar spasm you refer to, if its not the fed?
Sleep walking has been a popular pastime during the last decade
As far as I understand what Jeff has been saying, the problem has a name: DOLLAR SHORTAGE. In these turbulent times, the world is looking for LIQUIDITY AND SAFETY; not necessarily high returns. So, they are buying US dollars, and keeping them in the most liquid forms: cash, US bonds. And those dollars are just parked at global banks, not available for credit. Scarce dollars = more expensive dollars = higher exchange rates.
You can't have a "dollar" (It's really a Federal Reserve Note - A loan) without borrowing it into existence. Study how the Fractional Reserve Banking functions, and couple that with the understanding of how the Federal Reserve Note come into existence, then you realize that it's is at the lending banks that dollars are created through debt.
You need more "dollars" in your country, then you need MORE loans denominated in "dollars" in your country, on a Fractional Reserve Basis.
There are never enough "dollars" to pay the debt, ever.
No lending because collateral is leveraged up so high and the banks know it.
Asset prices are teetering and the structure is weak!
Just sayin' 🤔
This blows my mind because Paul "I am always wrong" Krugman cannot be on the right track.
👨🌾👍 I hope Emil escaped the worst of the hurricane
I feel like the dollar (especially when compared to other currencies) gets a major boost since it has the reserve status. In times of contraction dollars are sought after since it is the most universal currency at this time.
How is Emil?
Better narrative organization this time.
You pronounce Krugman like Peter Schiff does. LOL!
Thanks for explaining what doesn't cause the dollar to fluctuate. Kindly explain what DOES cause this. I get that it is a global dollar shortage but, what causes that? Is it just a matter of the willingness to lend on the part of banks globally (shadow or otherwise)? All of a sudden the just get scared. Scared of their shadows?
Foreign banks are not restricted on reserve requirements to initiate loans in USD. They over leverage these loans (during the growth boom), interest rates increase at the same time of slowing growth, and so these banks now have to stop lending while simultaneously calling in their outstanding loans. Now think about the other side of that loan: businesses and governments. They now have to scramble to raise USD to service their loans and not go into default. Add in central banks in these foreign governments having to try and stem the tide of currency collapse (what Jeff talks about in this video), and you have a selling frenzy on US treasuries (what corporations and governments hold to have USD denominated assets).
Are the islands sinking or is the water rising?
Is the announcement today akin to quantitative easing? "Funding Gilt purchases for the purposes of financial stability will be financed by central bank reserves. "
It seems to me that charting the dollar strength against the actual FFR is not giving the market enough credit. I think you want to chart the DXY against EXPECTED future FFR and I think you would find a much stronger correlation.
Krugman believes the island is the dollar.
The island is GOLD
Trump should re-value our dollar with his mind…… but then sleepy jo would get credit
Hi. I really like your programs. I wonder why the American government doesn't print dollars and pay off 25-50% of its debts to save the world economy and its own economy. Could it save the economy?
Americans popping up everywhere in Australia now, migrating here etc. AUD is just 64c to the USD.
Where is Emil?
How's Emil, did he suffer hurricane damage, how about you Jeff, aren't you also in the 🌀 path as well?
Jeff today what I saw was a panic in the UK bond with Germany looking shaky as well as per Emil's earlier broadcast. Bad things are coming as the Russian army disintegrates and the old world order collapses - again. Good analysis as usual -
So it's the mass of world wide investors jumping into the dollar that is causing the liquidity crunch?
you need plenty more US dollars to buy the same LNG/petroleum nowdays...Petrodollars.....so there's that much more global demand for the USDs everybody needs to buy fuel at much higher prices......dont you think that's a factor?
This isn't clickbait
Love Jeff's work but Emil's sense of humour is what is missing!
Imagine being a clown like Paul Krugman, making a career of writing about economics for the toilet paper of record, and being completely clueless about the Eurodollar system.
One thing this intervention tells us is that the battle is now joined between central banks and currency vigilantes. Very soon QE will be what causes currencies to fall, not rise. Currency is a doom loop.
Thanks for the update and keep doing what you do
Yeah that's right I think the best way is to invest with a professional, at least it saves the trauma of too much losses.
Marie Freeman really helped me understand the market much better... Great content, and loved it.
Yeah, I’ve heard a lot about Marie Freeman trading signals please how can I reach her?
@@bryantjessie4750 I just read about “Marie Freeman Crypto Program” on the internet. She’s definately a pro.
I invested 14 cents with Marie Freeman & now I get a weekly check for $14,999 USD . You should definitely go all in !
Nixon blamed the speculators too
I am the prince of nigeria and ive been making $40,000 every hour wth this blessed strategy for peace of mind.
I'd give more weight to an article written by Jack Klugman than Paul Krugman, but I guess even a broken financial pundit can be right twice a day...
It all started supposedly with speculation on gold pre 1971. Perhaps gold will have its day!
V0te L1bertarian n00bs 💯🔥🔥🔥💪
The name of this channel should be changed to euro dollar University IMHO
It's a short squeeze on the USD.
How can you discuss currencies and interest rates in the world today without mentioning QE ? Surely the last few years of increased money printing has something to do with present inflation, as well as massively increasing the USA and Euro balance sheets ? Funny how China has low inflation. Explain that.
and Russian inflation decreasing....
Eurodollar Withdrawl... leading to .Receptor Dysfunction..looking forward to a new Reset...
I'm sorry Jeff, I respect you but the problems with the world currency seems to emanate from one place..... And I think you know where that is
So it’s not the Fed. What is it then? Why is there a dollar shortage? Come out with it for god’s sake. Years and years of teasing us and Jeff never makes a direct statement of substance.
Say you're a bank and you have gone to all the trouble to get resource rich countries hooked on the dollar 💸💰 (for loans) and this "crisis" just happens to occur, why would the same banks that are owed dollars make dollars easy to come by?
Think!
They want real assets, not dollars, they can make up dollars anytime they want.
Japan could have saved Thailand in the late Nineties but they were not allowed to!
Bro, it's called CASHING in your chips!
Every once in a while, the Americans do default interest swaps to "appropriate" collateral put up against non-payment.
From countries foolish enough to borrow in dollars 🤣
Resources and infrastructure swaps for dollars owed!
Emil where are you?
What is the remedy, Jeff? Telling regulators to back-off, or to crank up regulation against banks…..how does a civilization force the banks to take on risk and create more ‘money?’
Is the other option….Central banks get back to their original jobs and get back into the business of money management? How would they take the reins back from the banks?
pounded 😁
I’m a Sitting bull
You're the expert, but I never got positivity from the word "bull" aside from individuals hoping to make profits on the thing they're currently overly invested in.
It’s just happening due to capital flight to safety. USA is the safest place for your money on earth. You’re welcome! 🇺🇸
Doesn't "Jeff" own any books 📚?
Jeff you're really sharp guy but I think it would benefit you to work on doing a better steel man of ideas that you don't agree with, as I've heard you say some slightly odd things when offering descriptions of Modern Monetary Theory and now Keynesianism which I am not sure are fully accurate. Not to defend Krugman, he's an idiot. Most of them are with their econometric nonsense. But I think MMT and Keynesianism both produce meaningful contributions to economics even if they both also contain flaws. The same could be said for the Austrian School and really any others that I've been exposed to thus far.
We need Emil back, I'm falling asleep. Lol
Hey Guys. I am currently a subscriber to MIP and intend to continue with your paid program. However, I'm not sure how to do this. Am I supposed to wait for an email with the 50% coupon? If so, it's Wednesday Sep 28th and I have not received anything. I have visited your website and the only thing I can find to enroll in the paid program is a subscribe button. So, I resubscribed using that button but, still no email. I must be missing something. Can you help me ?