2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 387.98

+1.3%

Nov 28 4:00 PM EST

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To: TobagoJack who wrote (67686)	10/31/2010 11:51:13 PM
From: carranza2	Read Replies (1) of 218108

Session 3—The Founding of the Fed from an International Perspective "Where It All Began: Lending of Last Resort and the Making of Sterling as the Leading International Currency in the 1860s" This session will use archival material from the Bank of England to evaluate the actual performance of the London market in acceptances and to what extent this market resembled the descriptions that were available to the founders of the Federal Reserve. The focus will be on the Overend Gurney crisis of 1866 and the Bank of England's responses to the crisis. They could spend their time (and fewer of the taxpayers' money) more profitably by simply studying the French book. But why study the origins of central banking? Why not study a few good ways to do away with them? Of course, that would mean no junkets to Jekyll Island and innumerable other cushy spots. As my friend Wyatt Gwyon says, gold is stupid but central bankers are stupider.

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