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Federal Reserve Officials
Paul Volcker - Chairman of the Federal Reserve (1979–1987)
Janet Yellen - Vice Chair of the Federal Reserve (2010–Present), President, Federal Reserve Bank of San Francisco (2004–2010)
Alice Rivlin - Vice Chair of the Federal Reserve (1996–1999)
Alan Blinder - Vice Chairman of the Federal Reserve (1994–1996)
Peter Fisher - Undersecretary of the Treasury (2001–2003), Executive V.P. of the New York Fed (1994–2001)
Richard Fisher - President, Federal Reserve Bank of Dallas (2005–Present)
Thomas Hoenig - President, Federal Reserve Bank of Kansas City (1991–2011)
Jeffrey Lacker - President, Federal Reserve Bank of Richmond (2004–Present)
Charles Plosser - President, Federal Reserve Bank of Philadelphia (2006–Present)
William Poole - Economist, President, Federal Reserve Bank of St. Louis (1998–2008)
Laurence Meyer - Economist, Governor of the Federal Reserve Board (1996–2002)
Marvin Goodfriend - Senior V.P., Federal Reserve Bank of Richmond (1993–2005)
Economists and Financial Historians
Michael Bordo - Economist, Rutgers University Professor, Director, Center for Monetary and Financial History
David Colander - Economist, Middlebury College Professor
James Grant - Economist, Editor - Grant's Interest Rate Observer
Martin Mayer - Scholar - The Brookings Institution, Author - The Fed
Allan Meltzer - Economist, Author of "A History of the Federal Reserve", Carnegie-Mellon University Professor
Raghuram Rajan - Chief Economist - International Monetary Fund(2003 – 2007), University of Chicago Professor
Richard Sylla - Economist, New York University Professor, Chairman - Museum of American Finance
Bill White - Chief Economist, Bank for International Settlements, (B.I.S.) (1995 – 2008)
Traders and Investors
Peter Atwater - President and CEO - Financial Insyghts, LLC, Former Head of Asset Finance - J.P. Morgan
Tony Boeckh - Economist, Chairman - B.C.A. Research (1968–2002), Founder - The Boeckh Investment Letter
Jeremy Grantham - Investor, Financial Historian, Chairman - Grantham, Mayo Van Otterloo
Todd Harrison - Derivatives Trader, Hedge Fund Manager, Founder and CEO - Minyanville.com
John Mauldin - President - Millennium Wave Advisors, Author – Endgame
Barry Ritholtz - Washington Post columnist, Author - Bailout Nation, CEO - Fusion IQ
Gary Shilling - Economist, Forbes columnist, Author, President - A. Gary Shilling & Co.
John Succo - Derivatives Expert, Hedge Fund Manager
Oannes
Funny how the people that do the most, get the least and vice versa. They all fight for worthless paper. If people truly cared, everything would be free. We only consider helping if theres something in it for us. We have to get rid of money. The world would change for the better over night.
The concept and role of money will always exist because money is nothing more than our inner self's willingness to exchange one thing for another. Currency is just one outward manifestation of that inner willingness to exchange. The nature of the willingness directs how it is represented physically.
A starving person will give up millions for a bite of food... a well fed person will turn it away if it's too cold. A destitute person will obey in exchange for a title. A guilty person will obey for church forgiveness. A scared person will obey to avoid being hit or shot. A bored person will obey for a purpose. A well connected community will give up convenience to remove corruption... a disjointed community will turn a blind eye to corruption to avoid conflict.
It's the willingness that creates the symbolic "money" which is then represented via some external item or action.
Money via currency is just one fraction of the things people are willing to exchange for other things that change the world. Some would be surprised how many world changing bargains are made where money wasn't what was exchanged. Votes. Defense in a trial. A good cognac. Sex. Etc.
Thus translating your emphasized point... people's willingness to exchange one thing for another has the power to change the world.
That puts the power back where it truly starts. Our willingness.
Currently we're willing to exchange the convenience that comes with leaving the corrupt to run things... so long as they don't make it too unpleasant to live.
The system doesn't matter. Money as "currency" doesn't matter. The corrupt will offer/use whatever system keeps people calm enough so long as they have their finger on the source of people's willingness. Be it money... state authority... religious authority... guns... whatever.edit on 13-12-2013 by BardingTheBard because: (no reason given)
Oannes
Funny how the people that do the most, get the least and vice versa. They all fight for worthless paper. If people truly cared, everything would be free. We only consider helping if theres something in it for us. We have to get rid of money. The world would change for the better over night.
Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.
Oannes
Funny how the people that do the most, get the least and vice versa. They all fight for worthless paper. If people truly cared, everything would be free.