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"The Bank Was Saved, and the People Were Ruined." – Investment Watch


The above quote is from William Gouge, commenting on the Panic of 1819. The panic had been caused when the First Bank of the United States had first expanded the money supply dramatically by offering loans, then contracted the money supply by tightening its requirements for new loans, causing a crash.
This is a useful quote, as, in its simplicity, it states the very nature of crashes brought on by irresponsible banking practices. In every case in which this occurs, it is possible through the complicity of the government of the day.
The origin of this syndrome goes back to Mayer Rothschild, a very clever fellow who, in the late 18th century, offered financial benefits to politicians in Germany in trade for political support for whatever activities his bank might practice. Rothschild was a long-term thinker; his method involved the offering of regular emoluments to politicians without their having to provide him with anything immediately. Then, when he needed a large favour, ....

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中美天津会谈 美方"紫发翻译"又来了|国务卿|外交|翻译员


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(原标题:中美天津会谈,美方“紫发翻译”又来了)
(观察者网讯)
还记得今年3月份中美高层战略对话时,美方那个染紫头发的外交翻译人员吗?
@玉渊谭天7月26日发布的微博视频显示,在这次中国外交部副部长谢锋与美国国务院常务副国务卿舍曼在天津的会谈中,美方带的还是这名翻译。
“希望美方能持续增强对中国 ....

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