Jeff Snyder
๐ค SpeakerAppearances Over Time
Podcast Appearances
And the way that it actually takes place is โ it would be like โ the analogy I always use is โ
Say you want to build a new internet that's better and faster, but you have to do it from scratch.
You have to put in new wires, new hardware, new software.
You have to do everything from scratch.
That is replacing a reserve currency.
You have to rebuild the internet.
It is literally impossible.
That's where the Eurodollar came from.
It solved Griffin's dilemma.
Interesting.
China strongly condemns this.
I think these are all related.
I think these, you know, Trump has this image among, you know, certainly his detractors.
He's some kind of buffoon, right?
They are playing strategic chess here.
Everything they're doing is not โ it's not like we're going to get Maduro because we want a regime change in Venezuela.
They're getting Maduro because it's the most efficient use of resources because it accomplishes four goals at once.
Well, yeah.
I mean if you look at what they're trying to do โ Iran plays in this too.
How do you mess with the Chinese?