Jerry Day’s Federal Reserve challenge:
If “End the Fed” is to be anything more than a mantra, then we must have a plan in place for how to actually end the fed and what we do after it’s gone.
I weep as I write this – because…
Public announcements claim Tarullo’s exit is no major surprise, although his term as governor would not have expired until the end of 2022!
The New SDR, where as the RMB, AIIB and CIPS will mark their major roles in assisting the emerging markets increase international trade in exchange for the weaker national currencies/goods/services within investment banks, clearing banks, and central banks’ transactions mechanism.
Professional Investor, Michael Pento said “These are the most dangerous markets I have ever witnessed in my entire life. I have been investing more than 25 years”…
In 2010 the international community reached a new monetary consensus that called for a weaker U.S. Dollar, a stronger basket of reserve currencies (SDR)…
The major point I wish to make is that there are nonviolent solutions, options other than simply going to war with other nuclear powers!
The most shocking, if already completely buried, news of the day was that – in yet another confirmation that Goldman Sachs is in charge of the New York Fed – a NY Fed staffer was colluding and leaking confidential, material information to a 29-year-old Goldman vice president, himself a former Federal Reserve employee.
William C. Dudley, President and Chief Executive Officer of the Federal Reserve Bank of New York, New York City spoke about “Reforming Culture and Behavior in the Financial Services Industry” as a imperative.