Household name. People know his name from public institutions, obviously from the banking legacy. Theres not a lot about him. Can you tell us about him and what you found so compelling about him as an agent and an actor within this story, this landscape that you are drawing. It. When i first started looking into this time. , i know a lot more about roosevelt did about morgan. As is probably true of most people. When i realized as i began researching is that this was really morgans world that roosevelt very kind of quickly and abruptly and welcomed in terms of wall streets point of view, treated. By the time roosevelt became president. Morgan was at the peak of his power and if he was the king of wall streets literally called zeus. On the eve of the inauguration. Roosevelt Vice President morgan had created the first billiondollar company in the world. Still with us today. As a company that employed more than any other company and control enormous amount of production. It was a huge mono
Fight between president Theodore Roosevelt and financier j. P. Morganover the size of corporations and Government Intervention at the turn of the 20th century. I wanted to sort of ask you to paint a picture of j. P. Morgan. Obviously youre telling a story about roosevelt but a large amount of the book is about j. P. Morgan. For a lot of americans hes one of those, i dont mean this in a demeaning way but hes out of an empty household name area will know his name from public institutions, obviously from the banking legacy. They dont know a lot about him. Can you tell us about him and why, what you found so compelling about him as an agent, an actor within this story, this landscape that your drawing. So when i first started looking into this time period , i think i knew a lot more about roosevelt than i did about morgan. As is probably true of most people. And what i realized is i began researching that this was really morgans world, that roosevelt very kind of quickly and abruptly and u
Distribution on agricultural goods and facemasks and personal protection a quick man on lysol wipes and things like that has made me really think of the Monetary System and the problems with distribution in the Monetary System because as you know one of the Solutions Offered for the covert 1000 pandemic is that were going to print chileans and trillions and trillions of dollars even more trillions so weve printed for the 2008 crisis well here we have seen carstens hes the former head of the bank of International Settlements and we prince tweets about him Central Bank Interventions to quell the crisis need to reach the individuals and businesses who are all tamale affected the last mile of this channel is not yet in place and needs to be bridged urgently so hes talking about these trillions of dollars that are going to be handed to the same banks they got that in 2008 j. P. Morgans of the world Citibank Bank of america all that stuff but the problem is especially in the situation its no
Supply chain and distribution and the problem of distribution and the problem with distribution on agricultural goods and face masks and personal protection a quick man that lysol wipes and things like that has made me really think of the Monetary System and the problems with distribution in the Monetary System because as you know one of the Solutions Offered for the covert 1000 pandemic is that were going to print chileans in chile is an chileans of dollars even more chilean so weve printed for the 2008 crisis well here we have seen carstens hes the former head of the bank of International Settlements and we prince tweets about him Central Bank Interventions to quell the crisis need to reach the individuals and businesses who are all tamale affected the last mile of this channel is not yet in place and needs to be bridged urgently so hes talking about these trillions of dollars are going to be handed to the same banks they got that in 2008 j. P. Morgans of the world Citibank Bank of a
Of International Settlements guy is talking about is explicit lee pictographic lee portrayed in the money a velocity chart that weve been showing for a few years when a block face come to a dead halt is just gone down every single year because the money doesnt get to where its going on purpose thats by design because if it did then people would use it in ways that would increase the money velocity and wages would start going up and then the wall street ponzi scheme would come crashing down would have come crashing down earlier because thats inflation and inflation is the death knell to bonds and the bonds for 40 years have been the collateral for the ponzi scheme that is wall street because the bonds keep going up in price as long as folks like this guy who is a former banker International Settlements can complain about the last mile financed not going towards going to go then you will always see the need to lower Interest Rates we have a lot. More interest tries to keep the ponzi sche