th_s4m0ht on Nostr: This episode was super interesting: we delved into what are euro-dollars, ...
This episode was super interesting: we delved into what are euro-dollars, petro-dollars and then the infamous NAKA-dollars.
Basically dollars outside US banks are not “protected by the FED”, they are outside M2 and they accounted for up to 90% of all international loans. They were born when Soviets wanted to move their dollars from US banks to European ones fearing sanctions in the early 50s (history doesn’t repeat but for sure rhymes..).
Then in the 70s payments for oil were structured as follows: an oil importer asked a non-US bank for a loan in dollars, at the same time the oil exporter received it as dollar deposit as payment for the oil. The balance of the banks is 0, they can create as much as they want of this! There is what’s called a maturity mismatch: the loans last years while the deposit could be moved to another bank at any time. This problem brought to life all form of financial tools to make sure the flow of oil continues unhindered.
Naka-dollar, as defined by Bitmex Ayes, are just a derivative product which always contains 1USD of bitcoin. This has some super interesting trades behind, but we analyzed how could that be used in the future, when Bitcoin will be too precious to exchange on a daily basis.
The #podcast is in Italian 🇮🇹 as there are no macroeconomics podcast for Bitcoiners here (that I know of), there are indeed famous bitcoin podcasts, but they focus either on the tech or on adoption. Very rarely the business or financial side of things is discussed, so that’s the niche we chose with Bitcoin Cabana.
What podcast is missing in your region??
Basically dollars outside US banks are not “protected by the FED”, they are outside M2 and they accounted for up to 90% of all international loans. They were born when Soviets wanted to move their dollars from US banks to European ones fearing sanctions in the early 50s (history doesn’t repeat but for sure rhymes..).
Then in the 70s payments for oil were structured as follows: an oil importer asked a non-US bank for a loan in dollars, at the same time the oil exporter received it as dollar deposit as payment for the oil. The balance of the banks is 0, they can create as much as they want of this! There is what’s called a maturity mismatch: the loans last years while the deposit could be moved to another bank at any time. This problem brought to life all form of financial tools to make sure the flow of oil continues unhindered.
Naka-dollar, as defined by Bitmex Ayes, are just a derivative product which always contains 1USD of bitcoin. This has some super interesting trades behind, but we analyzed how could that be used in the future, when Bitcoin will be too precious to exchange on a daily basis.
The #podcast is in Italian 🇮🇹 as there are no macroeconomics podcast for Bitcoiners here (that I know of), there are indeed famous bitcoin podcasts, but they focus either on the tech or on adoption. Very rarely the business or financial side of things is discussed, so that’s the niche we chose with Bitcoin Cabana.
What podcast is missing in your region??
quoting note1u6h…qgpeChe cosa sono l'euro-dollaro, il petro-dollaro e il nuovo naka-dollaro?
https://youtu.be/8Lmof7eOMeQ
#Bitcoin #Podcast
Descriviamo la storia di come sono nati i conti denominati in dollari fuori da banche statunitensi, estranei alla supervisione della FED avevano meno controlli e più rischio. Dopo la prima grande crisi energetica del 1973 l'euro-dollaro diventa la base di scambio per il petrolio: banche non-US emettevano debito per i paesi importatori e accettava il deposito dei pagamenti per i paesi esportatori. L'euro-dollaro è arrivato a descrivere fino al 90% di tutti i prestiti internazionali, alla faccia di M2, cioè questi "dollari" non sono presenti nella money supply valutata dalla FED. Infine descriviamo come si crea un naka-dollaro grazie ai derivati su Bitcoin e cosa vorrà dire per il futuro!
Per il recap macro facciamo vedere alcuni grafici che mostrano ancora questa latente incertezza dell'economia reale, ad esempio vista nel calo dei discretionary spending. Tuttavia la disoccupazione rimane bassissima, quindi non è ancora tempo di preoccuparsi di recessioni (negli States, tecnicamente in Germania ad esempio era già iniziata).
Come sempre copriamo anche le news della settimana: investimenti pesanti in ASIC Miners, Larry Fink ci ripensa su Bitcoin, la Svezia va nucleare..
🔊🔊 Audio Links 🔊🔊
Apple Podcasts: https://podcasts.apple.com/it/podcast/bitcoin-cabana/id1561631462
Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5zb3VuZGNsb3VkLmNvbS91c2Vycy9zb3VuZGNsb3VkOnVzZXJzOjI5NjE1NTg5MC9zb3VuZHMucnNz
Spotify: https://open.spotify.com/show/2GqAcWtIJ7Yf2FXspe6zk6?si=fef18c104e124280&nd=1
Fountain: https://fountain.fm/show/hfsmBsJaITsc0T2C7IjB
Home: https://bitcoincabana.com
Telegram: https://t.me/bitcoincabana
00:00 Intro
05:25 News della settimana
15:11 Eurodollaro
35:30 Nakadollaro
48:30 Macro