Not sure if my prior question made it through a spotty internet connection. so to repeat.
Could you ask him if he differentiates between ghost dollars which are debt loaned at 10x the US Treasury collateral, and 1 for 1 us treasury backed dollars, or US domestic dollars. And if he thinks the domestic dollar can withstand the collapse of the eurodollar, such as what Tom Luongo speculates, that Powell is actually trying to accomplish the collapse of ghost eurodollars, and bring them all under the premium price of sofr, to make the US dollar controlled by US institutions, instead of libor control by foreign banks. So by extension, making the US dollar viable, and stronger, as a system, but still deflationary for the global economy, because it ends their free dollar schemes.
Sorry Fubear, but the interview was conducted after I received the comment. What I'll do, however, is hold this question for the next time I host Andy in a couple weeks.
Not sure if my prior question made it through a spotty internet connection. so to repeat.
Could you ask him if he differentiates between ghost dollars which are debt loaned at 10x the US Treasury collateral, and 1 for 1 us treasury backed dollars, or US domestic dollars. And if he thinks the domestic dollar can withstand the collapse of the eurodollar, such as what Tom Luongo speculates, that Powell is actually trying to accomplish the collapse of ghost eurodollars, and bring them all under the premium price of sofr, to make the US dollar controlled by US institutions, instead of libor control by foreign banks. So by extension, making the US dollar viable, and stronger, as a system, but still deflationary for the global economy, because it ends their free dollar schemes.
Sorry Fubear, but the interview was conducted after I received the comment. What I'll do, however, is hold this question for the next time I host Andy in a couple weeks.
i think, with his bail in comments, and his "no one wins in what is coming, it will be about who loses the least" comment, I know where he stands.
Gotcha