The Hidden History of Eurodollars, Part 2: Defending the Dollar System

Bullish:

• $EURODOLLAR - The Eurodollar market experienced significant growth, expanding from a $70 billion market in 1970 to an equivalent of $1.8 trillion in today's economy.

  • “By the end of the decade, it's a massive market. In 1970, it's a $70 billion market. If you size that to the US economy, it's about $1.8 trillion in today's standards.”

    Josh·44:14

Bearish:

• $USD - Historical pressure on the US dollar during the Bretton Woods era, with increasing outflows of gold reserves due to arbitrage opportunities.

  • “Dollars are piling up in Europe. Those dollars can, in principle, be exchanged for gold at $35 an ounce. That gold can be sold for $35.15 an ounce in London, and sometimes much more than that. And so slowly at first, then all at once, so to speak, the US gold stock starts to decline.”

    Josh·11:33