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PART 01: All of a sudden the Federal Reserve's Reverse Repo Program has exploded higher to half-a-trillion dollars. Why? The mainstream, orthodox narrative is that 'this is fine'; a response to 'too many bank reserves'. What does it really mean? Collateral scarcity. Systemic fragility. A warning. PART 02: Chile, one of the 20th-century's rare economic success stories - from a low level of development to just short of advanced - held an election to rewrite its constitution. The winners? Anti-capitalists. And why not? After all, if a decade-long depression is capitalism... PART 03: In the 15th century there was a Great Bullion Famine, which was solved by "ghost money". In the 1950s there was a Dollar Shortage, which was solved by the "eurodollar". In 2007 the Great Eurodollar Famine began (and hasn't ended!). Will it be solved by crypto currencies? ---------SEE IT----------- Alhambra YouTube: https://bit.ly/2Xp3roy Emil YouTube: https://bit.ly/310yisL
---------HEAR IT---------- Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWN Deezer: https://bit.ly/3ndoVPE iHeart: https://ihr.fm/31jq7cI TuneIn: http://tun.in/pjT2Z Castro: https://bit.ly/30DMYza Google: https://bit.ly/3e2Z48M Spotify: https://spoti.fi/3arP8mY Pandora: https://pdora.co/2GQL3Qg Breaker: https://bit.ly/2CpHAFO Castbox: https://bit.ly/3fJR5xQ Podbean: https://bit.ly/2QpaDgh Stitcher: https://bit.ly/2C1M1GB PlayerFM: https://bit.ly/3piLtjV Podchaser: https://bit.ly/3oFCrwN PocketCast: https://pca.st/encarkdt SoundCloud: https://bit.ly/3l0yFfK ListenNotes: https://bit.ly/38xY7pb AmazonMusic: https://amzn.to/2UpEk2P PodcastAddict: https://bit.ly/2V39Xjr
--------REFERENCES-------- Reserving Observations On The Reverse Repo Of Reserves: https://bit.ly/3c4hyXz No Reserving Interpretation About Reverse Repo Collateral Connection(s): https://bit.ly/3usmxb7 Chilling Global Wind Blowing Stronger: Chilly In Chile: https://bit.ly/3vy1Yv9 We'll Continue Hearing About a Global Recovery That Isn't Real: https://bit.ly/3yW4TQz Monetary Wrongness Has Authored a Crypto Response: https://bit.ly/3uzLIZ4 Enter the Ghost - Cashless Payments in the Early Modern Low Countries, 1500-1800: https://bit.ly/3fuagyC The Vagaries of the Sea: Evidence on the Real Effects of Money from Maritime Disasters in the Spanish Empire: https://bit.ly/3fwXKyr Alhambra Investments Blog: https://bit.ly/2VIC2wW RealClear Markets Essays: https://bit.ly/38tL5a7
---------WHO----------- Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Art by David Parkins. Podcast intro/outro is "All Right" by William Benckert feat. Johan Tengholm, Jonas Bäckman at Epidemic Sound. |