On today's edition of “Boiler Room,” Alfonso Peccatiello is joined by Maroon Macro, global macro hedge fund analyst and author of the "Monetary Mechanics" substack. With a speciality in financial plumbing and economic history, Maroon Macro offers listeners a true masterclass in money.
Walking us through how our monetary system actually works, Maroon covers banking, bank reserves, the limitations of the Federal Reserve, quantitative easing, and the use of collateral.
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Referenced In The Show:
Basel III: international regulatory framework for banks: https://www.bis.org/bcbs/basel3.htm
DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT: https://www.congress.gov/111/plaws/publ203/PLAW-111publ203.pdf
Institutional Cash Pools and the Triffin Dilemma of the U.S. Banking System - Zoltan Pozsar: https://www.imf.org/external/pubs/ft/wp/2011/wp11190.pdf
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Timestamps:
00:00 Introduction
00:51 What Is Money?
05:49 The Limitation of The Federal Reserve
11:26 What Are Banks Doing With Bank Reserves?
12:49 Is QE Inflationary?
17:16 Bank Reserves Effect On Asset Prices
22:17 The Hierarchy of Collateral
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Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
