Lords of Finance: The Bankers Who Broke the World

Started by CrackSmokeRepublican, June 07, 2009, 10:29:20 PM

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CrackSmokeRepublican

June 07, 2009, 10:29:20 PM
After Words: Lords of Finance: The Bankers Who Broke the World
Authors: Liaquat Ahamed; Gerald Seib

Liaquat Ahamed presents in his book, Lords of Finance: The Bankers Who Broke the World that four of the world's central bankers attempted to rebuild the global economy following World War I but instead contributed to the economic collapse that led to the Great Depression.  Mr. Ahamed profiles the central bankers from England, Germany, France, and the United States and examines their collective fear of inflation, their interest in the gold standard, and their failed plans to stabilize the international economy.  Liaquat Ahamed discusses his book with Gerald Seib, executive Washington editor of The Wall Street Journal.

http://booktv.org/watch.aspx?ProgramId=FV-10194

If you have an interest in Economics or have lived through the 1997 Economic Collapse in Asia -- it is a must listen!
Interview is at the link.
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan
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