Hey, everyone, welcome back.

It's the What is Money Show?

I am sitting down again today with Mr. Jeff Snyder, who is an expert in the Euro

dollar system and global macroeconomics and central banking more generally.

And we're continuing our, basically, we're walking our way through history.

We've come through the 20th century.

Now we're into the early 21st century.

And we want to talk about the great financial crash of 2008, also known as the

GFC of 2008, today. And traditionally, the conventional wisdom is that this was strictly

a subprime mortgage market catastrophe. But as you've done excellent work in this area, Jeff,

and shedding light on the truth, it seems like it has a lot more to do with the Eurodollar system

more broadly. And I know there's a lot of elements to this. So where do you think we should

start to pull back the layers? Yeah, well, I mean, it's a lot of elements to this. So where do you think we should start to pull back the layers?

Yeah. Well, I mean, it's a very complex topic, Robert. I mean, as we've been spending hour upon hour going through, there's a lot to the monetary system, bank evolution, money evolution in the decades preceding it.

So you can imagine how there's a lot to it when it all starts to break down in 2007 and

2008.

But you can understand from most people, you know, the public perspective, you know, what they

knew of that era before the, you know, 2008 crash was the housing bubble, right?

The U.S. went into a typical housing bubble.

And therefore, you know, ninja loans,

all sorts of, you know, ridiculously insane mortgage products. It kind of sounded like this subprime

mortgage thing is a plausible explanation for what happened. You know, the market got way ahead of

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