Europe has been abusing offshore dollar markets by basically creating more dollars out of things air, hence the term "Eurodollar" They're IOUs basically, but up until Powell, the Fed has just gone along with it.
In a way, these have helped prop up City of London and the ECB's credit export business.
Thanks. BRICS issue is the western central bank fuckery. They said it’s economic colonialism and doesn’t benefit anyone asides from the elite bankers. Trump has to get these central banks under control. Life on this planet has been miserable since 1914.
Don't think it's the Fed or Wallstreet anymore.
Europe has been abusing offshore dollar markets by basically creating more dollars out of things air, hence the term "Eurodollar" They're IOUs basically, but up until Powell, the Fed has just gone along with it.
In a way, these have helped prop up City of London and the ECB's credit export business.
Thanks. BRICS issue is the western central bank fuckery. They said it’s economic colonialism and doesn’t benefit anyone asides from the elite bankers. Trump has to get these central banks under control. Life on this planet has been miserable since 1914.