Short Term Trading Week Starting: 16 Sep, page-37

@Dazedandconfused this is my ham fisted understanding of that macro voices podcast you’re talking about:

- If you want to trade in the world you need US Dollars
- The US Fed reserve makes official US Dollars
- International Banks make perfect counterfeits that the US Fed accepts
- Both parties only make more of them when there is a financial incentive to do so
- At the moment if the US Fed makes more there are very negative effects to the US economic situation
- At the moment if the international banks make more with interest rates as low as they are they wont turn a buck
- If continued economic growth is to occur the world needs more dollars but no one has an incentive to make more.
- As a result the cost of US dollars will rise making the difficult task of economic trade impossible.
- The end result is international trade conducted in US dollars will not be able to continue unless interest rates increase, but this means the US defaults on it debts.
- To solve the problem a new global system of trade settlement needs to be found.

I absolutely love that podcast. Ive not missed an episode in 2 years.