I am thinking that most literature on the subject is really obsolete if it is really true that governments and Central Banks were excluded from the money game for so long. Just curious if you can introduce me to a book giving an overview of such a perspective. Anyhow, this is something badly needed to replace the current system that we have. Looking forward to the exclusion of commercial banking in the near future!
Posted Using LeoFinance Beta
Check out a series on YouTube called Eurodollar university. That is a good starting point. The two do a good job covering the basics of the topic.
Posted Using LeoFinance Beta
Thanks for the info.
Very little out there about it. Have to read through a lot of FOMC meeting notes and different things like that. Some writers out there touch upon it. Do a search on YouTube for Eurodollar and you will get some insight into it.
As for the exclusion, this was set up by the banks. Things such as LIBOR and Repo markets all are a part of this. Trilateral repo agreements are what is known; bilateral repo agreements are harder to uncover.
Posted Using LeoFinance Beta
Reading FOMC minutes is quite challenging. Not familiar with LIBOR and Repo markets except that I usually stumble with the terms reading articles on finance. Thanks for this info.
You arent kidding. The most recent paper I read was a study in 2008 by the Atlanta Fed on how checks became the main form of transactional money in the 1910s.
Posted Using LeoFinance Beta
Mine, I forgot the exact year. I think I read at least two to have a peek into the mind of the Fed coz stock traders are confident in their strategies, but not when it comes to the impact of the decision of the Fed.
Ignore the Fed. They often get the reverse results of what they are trying to get.
It is a game of expectations. That is what they play. They do not control the money supply nor do they truly control interest rates, especially the long end of the curve.
Hence what do they really do? Fool people.
Posted Using LeoFinance Beta
Finance people who get signals from the Fed are mostly those of the traditional type. I forgot the exact year when I stopped following it.
Concerning eurodollar, I enjoy my initial reading on the subject. It is something really new and surprising to me. I wonder why I never encounter this system in reading literature on economics. I think this is one major reason why most people are kept in the dark when it comes to the monetary system. Thank you for introducing the subject to me!