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"money masters"

the journal of Michael Werneburg

twenty-eight years and a million words

Tokyo, 2009.09.28

Over the past several days, I've been slowly watching a rather dated but comprehensive video on the role of the Federal Reserve and its ilk. It asks the question what's happening to the US economy (and through it, the world economy), and then proceeds to answer that question.

Not happy watching! But fairly essential, I would think, in understanding "why" rather than "what" is happening.

rand()m quote

I like my buddies from west Texas. I liked them when I was young, I liked them when I was middle-age, I liked them before I was president, and I like them during president, and I like them after president.

—George W. Bush