Quantum Dollar Mechanics
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Your podcaster has long been impressed by cinema that presents what is outside the human sensory process; art that conceives and presents what we literally cannot perceive. In 2001: A Space Odyssey, Stanley Kubrik shows us what transcendence is, by sending Keir Dullea through an astral rainbowfall. Christopher Nolan's Interstellar presents Matthew McConaughey in a tesseract, the three-dimensional shadow of four-dimensional space. In Annihilation, Alex Garland samples evolution, by introducing a sentient, prismatic cancer that refracts and reflects the DNA of its surroundings, including that of Natalie Portman.

The audience is placed in an environment that doesn't reconcile with daily life and leaves them holding on to reality - at least as they understand it - by their fingernails. The eurodollar system is like that. Consider this legal wordfall from the Financial Stability Board: "regulatory arbitrage in the presence of non-harmonised re-hypothecation regimes." 

Or this two-dimensional shadow of extra-dimensional money by Jeff Snider: "Nobody buys securities; they borrow and claim to 'own' [them]... [then] the client will agree to allow the dealer to re-pledge... the very security the client is claiming to own...  [T]he already re-pledged security... can be re-pledged again... In many if not most cases, there needn’t be the original client [desire] for this chain of re-pledging."

If you want to know what it's like to travel through a wormhole for 18 hours in a hundredth of a second like Jodie Foster did in Robert Zemeckis' Contact then part one of Episode 39 is for you. Parts two and three aren't the worst things in the world either. Well, this world at least...

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----------WHY----------Part 01: To understand the 2008 crisis one must understand Lehman Brothers. But NOT Lehman Brothers, Inc. - the American subsidiary. No, the REAL STORY was Lehman Brothers International (Europe), the United Kingdom subsidiary.

Part 02: Inflation Hysteria II is the latest blockbuster advertised in the financial media. Is the sequel better, or worse than the original (2017-18)? Let's ask the critics: TIPS, interest rate swaps, the yield curve and oil prices.

Part 03: In the end, these polar opposites in consumer credit are saying something important about the state of the economy. The same thing. Jobs.

----------WHERE----------AlhambraTube: https://bit.ly/2Xp3royApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBOvercast: https://bit.ly/2YyDsLaPlayerFM: https://bit.ly/3piLtjVPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

----------WHAT----------A Nonsensical Jumble of Misused Words Requires Discussion: https://bit.ly/3oPaJ0d(I. Schnabel Speech) Shifting tides in euro area money markets: https://bit.ly/3oLBz9wInflation Hysteria #2 (TIPS, Swaps): https://bit.ly/3gE6SjHInflation Hysteria #2 (Nominal UST): https://bit.ly/37TV492Inflation Hysteria #2 (WTI): https://bit.ly/2W7GvcfPolar Opposite Sides of Consumer Credit End Up in the Same Place - Jobs: https://bit.ly/37RVlJuAlhambra Investments Blog: https://bit.ly/2VIC2wWRealClear Markets Essays: https://bit.ly/38tL5a7

----------WHO----------Jeff Snider), Head of Global Investment Research for Alhambra Investments with Emil Kalinowski), quantum mechanic. Artwork by David Parkins). Podcast intro/outro is "Otherworld)" by Lama House) at Epidemic Sound).