Federal Reserve | timiacono.com

From late last week, Senator Elizabeth Warren (D-MA) questions New York Federal Reserve President William Dudley on bank supervision in the wake of revelations that the New York Fed has been just a little bit too cozy with Goldman Sachs.

Also see:
Dudley Do Wrong Rejects Being a “Cop” and Embraces “Foaming the Runways”
Dudley Leaves Senators Unimpressed as Fed Scrutiny Rises

It sure would make things more interesting if Warren ran for president in 2016 – according to this report from just a few weeks ago, that’s still a possibility.

Why Bretton Woods Ended

… or at least one of the major reasons why the “gold-backed U.S. dollar” post-World War II monetary system met with a speedy demise in 1971 after the U.S. government embarked on a “guns and butter” spending spree back in the 1960s.

Courtesy of Nick Laird at Sharelynx who once again has managed to produce a chart that says more than words could ever say about the evolving global monetary system that, lately, appears to be getting a little unstable.

Dow 200+ Point Up/Down Days

I don’t know why this chart fascinates me so, but it does…

The History of Money

After stumbling upon this item at the Telegraph with an infographic on the history of money, I went searching for the source, only to find that there are tons of infographics on the subject as shown below:

You’d think the central bank powers that be would have some appreciation for this subject and, more importantly, a recognition of how far we have strayed from whatever might have been considered “normal” for the last few thousand years, but they probably don’t.

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