Jeff Snider Explains, “EVERYTHING You Know is wrong about the 2008 GFC”
We've all been told that the 2008 global financial crisis was a result of a housing bubble and bad mortgages but that may not be true.
Jeff Snider has uncovered the truth. The real cause of the global financial crisis was the breakdown of the dollar funding markets.
Looking at these charts, how in the world are we supposed to believe that officials will get everything right from here on?
We haven't even gotten to the worst of it yet, these 1st qtr #s having so much less to do w/non-economic factors. https://t.co/dw8UDUa0nJ pic.twitter.com/9yOTtF04dS
— Jeffrey P. Snider (@JeffSnider_AIP) April 30, 2020
More specifically, the Eurodollar system that has now taken over the role of the world reserve currency.
That's right the US dollar isn't the world reserve currency as you know it, according to Jeff Snider it's a system of shadow banking entities that create dollar loans (dollar money supply) outside of the US system.
This is information the YOU'LL NEVER FIND IN THE MAINSTREAM MEDIA!
Jeff Snider's views are complex but I break them down for you in a way that's fast and easy to understand.
Regardless of whether you choose to believe Jeff Snider, he's is one of the premier macro thinkers and the amount of research he's done on these topics is staggering.
If you're interested in the economy this is a MUST SEE VIDEO!
In this 2008 GFC video with Jeff Snider about the real 2008 global financial crisis I discuss the following:
- Overview of monetary history outlined by Jeff Snider.
- How the system is now broken and what actually caused the 2008 global financial crisis.
- The global economy is still in the GFC that started in 2008, nothing has been fixed and the system is primed to crash again.
Real Vision video with Jeff Snider (I highly recommend).
