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Home / Alhambra Investment Partners / Eurodollar University’s Making Sense; Episode 89, Part 3: Bitcoin’s El Salvador Conundrum Easily Untangled By Realizing the Real Dollar Situation

Eurodollar University’s Making Sense; Episode 89, Part 3: Bitcoin’s El Salvador Conundrum Easily Untangled By Realizing the Real Dollar Situation

Summary:
89.3 The Real Reason El Salvador went Crypto———Ep 89.3 Summary———El Salvador announced its crypto intentions seemingly out of the blue. But a closer look reveals the nation had run dangerously short of (euro)dollars in early 2021. It went to the IMF for a bailout. Now it heads to the crypto world for one. Just like people did in the 14th-century. Wait, what?! ———See It——— Twitter: https://twitter.com/JeffSnider_AIPTwitter: https://twitter.com/EmilKalinowskiAlhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisLArt: https://davidparkins.com/ ———Hear It———

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89.3 The Real Reason El Salvador went Crypto


———Ep 89.3 Summary———
El Salvador announced its crypto intentions seemingly out of the blue. But a closer look reveals the nation had run dangerously short of (euro)dollars in early 2021. It went to the IMF for a bailout. Now it heads to the crypto world for one. Just like people did in the 14th-century. Wait, what?!

———See It———

Twitter: https://twitter.com/JeffSnider_AIP
Twitter: https://twitter.com/EmilKalinowski
Alhambra YouTube: https://bit.ly/2Xp3roy
Emil YouTube: https://bit.ly/310yisL
Art: https://davidparkins.com/

———Hear It———

Vurbl: https://bit.ly/3rq4dPn
Apple: https://apple.co/3czMcWN
Deezer: https://bit.ly/3ndoVPE
iHeart: https://ihr.fm/31jq7cI
TuneIn: http://tun.in/pjT2Z
Castro: https://bit.ly/30DMYza
Google: https://bit.ly/3e2Z48M
Spotify: https://spoti.fi/3arP8mY
Pandora: https://pdora.co/2GQL3Qg
Breaker: https://bit.ly/2CpHAFO
Castbox: https://bit.ly/3fJR5xQ
Podbean: https://bit.ly/2QpaDgh
Stitcher: https://bit.ly/2C1M1GB
PlayerFM: https://bit.ly/3piLtjV
Podchaser: https://bit.ly/3oFCrwN
PocketCast: https://pca.st/encarkdt
SoundCloud: https://bit.ly/3l0yFfK
ListenNotes: https://bit.ly/38xY7pb
AmazonMusic: https://amzn.to/2UpEk2P
PodcastAddict: https://bit.ly/2V39Xjr

———Ep 89.3 Topics———

01:39 El Salvador may be the first nation to accept bitcoin as one of its official monies – why?
02:07 Three months prior to the bitcoin announcement the nation was asking the IMF for money.
04:50 El Salvador dollarized (accepting the US dollar locally) in 2000 because of globalization.
08:12 El Salvador dropped below the IMF’s red line for foreign obligations in March/April 2021.
09:46 Throughout history money shortages are a regular occurrence: 14th, 19-21st centuries.
11:49 Cryptocurrencies are a modern ledger money, like in the 14th century with ghost money.
17:50 There is a dollar shortage because private banks have restricted credit growth.
18:45 Concluding thoughts on crypto and its fundamental value versus its bubble value.

———Ep 89.3 References———

Bitcoin, El Salvador, And…The Eurodollar’s Ghost: https://bit.ly/3hIom0b
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7

———Who———

Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Art by David Parkins.

 


Jeffrey P. Snider
As Head of Global Investment Research for Alhambra Investment Partners, Jeff spearheads the investment research efforts while providing close contact to Alhambra’s client base. His company is a global investment adviser, hence potential Swiss clients should not hesitate to contact AIP

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