The Eurodollar: A Global Financial Crisis Waiting to Happen

The Eurodollar is not a great name considering they're not European, have nothing to do with euros, and are not even really dollars.

So if that's the case, then what exactly is a euro-dollar and how does it present potentially the biggest risk to the global financial system since the Great Depression?

Timecodes
0:00 Video Introduction
0:21 The Bretton Woods Agreement
1:29 Abuse of Trust and the Gold Window Closure
2:06 The Global Reserve Currency
3:33 The Problem with Rehypothecation
7:57 The Federal Reserve's Role in Preventing a Financial Crisis
9:02 The Eurodollar System and its Massive Pile of IOUs
9:48 The History of the Global Reserve Currency
10:51 Potential Catalysts for Another Financial Crisis
12:54 Central Banks' Attempts to Recapitalize Foreign Banks
13:57 Upward Pressure on the Dollar's Value in Case of a Financial Crisis

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#Eurodollar #BrettonWoods