Emil Kalinowski, Co-Host of Eurodollar University, joins Jack Farley on Forward guidance to talk about the current economy in which Kalinowski describes as “the silent depression.” Kalinowski and Farley exchange views on whether the Eurodollar system controls the Fed or the other way around. -- Follow Emil Kalinowski on Twitter https://twitter.com/EmilKalinowski Follow Jack on Twitter https://twitter.com/JackFarley96 Follow Blockworks on Twitter https://twitter.com/Blockworks_ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Bit.com is a full-suite cryptocurrency exchange launched by Matrixport, an integrated financial services firm headquartered in Singapore. Since August 2020, Bit.com has been online supporting the spot, perpetual, futures, fixed income and options products, with a particular highlight being pioneers to launch BCH options. Bit.com is the second-largest in the BTC and ETH options market. Call to action: For any further enquiry, please contact vip@bit.com. Sign up URL: https://bit.ly/3KlgLR3 App download URL: https://bit.ly/3xer6uI -- (00:00) Introduction (00:30) The World's Third Depression (14:25) Recession Trends (16:08) Reasons For Current State of Depression (24:25) Banker Greed (30:28) Bit.com Ad (31:00) Speculation During A Depression (34:31) Inflation (44:23) The Euro Dollar System (51:20) Lending With the Euro Dollar System (53:29) Federal Reserve's Role in the Economy (1:06:19) Emil's Predictions for the Next 6 Months -- Disclaimer: Nothing discussed on Forward Guidance 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.