Comments by "k98killer" (@k98killer) on "Is the Fed Fighting Against The Global Elite" video.

  1. I love this. You've pulled together all the disparate things that have been bouncing around in my head for months into a cohesive and convincing exposition. Thank you, Mark.
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  2. Jeff Snider says that the fall of the yen is due primarily to Japanese bank exposure to dollar denominated loans in China. He says that the Japanese banks are basically regional eurodollar distributors, so they are selling off yen assets to get enough dollar assets to maintain their balance sheets as China implodes.
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  3. Some people will say that nothing before Bretton Woods can be called the "reserve currency" because they say reserves are held only by central banks, but I think that it is reasonable to rebut by pointing out that the banking model itself involves reserves even in lieu of a central bank.
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