The Hidden History of Eurodollars, Part 1: Cold War Origins
Episode publishedPodcast: Odd LotsOdd Lots
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Audio Studios. Podcasts, radio, news. Jo. Jo, what's that noise? Where's
this going, Tracy? I'm
setting the scene. What
was that? Alright. Let's just start. I'm Jo Weisenthal. And
I'm Tracy Alloway, and this is a very special edition of the Odd Thoughts podcast.
Tracy, so one thing I've been really fascinated by, and I mentioned it on some episodes lately, I've been really getting into Cold War history, actually. And I guess, I don't know, probably because I'm a middle aged man, and that's a middle aged man hobby. You start reading about 20th century history, but particularly Soviet and Chinese history. And one thing I've learned, and this did actually come up on an old episode, there's some interesting financial linkages in the past that people might not have expected at all, and I feel like more people should be talking about this.
I agree. And, also, if you like Cold War history, Joe, you are going to love what we are about to do because there is a big connection between the history of the Cold War and the development of the modern financial system, and that connection is euro dollars. And, of course, just to be clear, this is not the euro dollar exchange rate. I
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