zero hedge Mon 2009-12-28 15:57 EST

What Came First: The Federal Reserve Or Economic Bubbles? A Brief History Of The Federal Reserve's Creation

A fantastic history of the reasons for, and the creation of, the Federal Reserve, courtesy of Murray Rothbard and our friends at Mises Institute, with the article originally appearing in Quarterly Journal of Austrian Economics, Vol. 2, No. 3 (Fall 1999), pp. 3--51. It is also reprinted in A History of Money and Banking in the United States and as a monograph. This is a must read for anyone who is curious why the Federal Reserve (with or without Goldman) is the sole organization responsible for not only perpetuating the interests of a select few of financial oligarchs, but in essence shaping monetary, fiscal, financial and political policy in the entire developed world.

Brief History; CAME; economic bubbles; Federal Reserve; Federal Reserve's Creation; Zero Hedge.

Tue 2009-09-29 11:10 EDT

Steeling for a Currency Deal in Pittsburgh? - Up and Down Wall Street Daily - Barrons.com

RANDALL W. FORSYTH

An options play suggests somebody expects the G20 to hatch a scheme to stabilize currencies. Duct tape for the dollar?...Reports John F. Brady, futures expert at MF Global, there was a big seller of "volatility" in the euro versus the dollar Thursday...What's curious, Brady explains, is that vols on the euro already are low, so it's hard to see them going much lower...Which got me to wondering if the volatility seller was thinking the G20 would do something to force volatility lower -- that is, stabilize exchange rates...Notwithstanding the calls for a replacement of the dollar as the main reserve currency, gold isn't it, according to long-time market observer David P. Goldman,..."Even a rather wobbly reserve currency is better than gold," he writes as his alter ego, Spengler, whom he "channels" for Asia Times (www.atimes.com.) "Gold is far less liquid than U.S. Treasury securities, costly to store and insure, and above all more volatile in price...gold isn't an investment but an insurance policy against a breakdown of the function of the world financial system."

Barrons; com; currency deal; Pittsburgh; steel; Wall Street Daily.

Thu 2007-08-16 00:00 EDT

DealBreaker.com

Now That's What I Call Hedge Fund Hits (Vol. III), by Keith Hahn: swooning hedge fund letters compiled ()

com; Dealbreaker.