The Hidden History of Eurodollars, Part 3: Spinning Out of Control

Bullish:

• $EURODOLLAR - The Eurodollar market has grown significantly, surpassing the size of the dollar market by the mid-1980s, indicating its importance in the global financial system.

  • “By the mid eighties, there are more euro dollars than dollars, which is kind of a remarkable fact.”

    Josh·34:20
• $USD - The historical shift to pricing oil exclusively in dollars strengthened the USD's position in global trade.

  • “And on the other, you kind of negotiate for a switch in Saudi oil sale policy. And the day after the Saudis agree to this secret arrangement, they also announce that Saudi oil will only be available for dollars. No more sterling.”

    Josh·29:49