The Wizards of Money

From a deep operative -

The Wizards of Money

A series of MP3 files on the global monetary system, commercial banking system, and traditional economic theory from a Wall Street finance insider. The analysis is progressive.

Humans have inherited a monetary system that fueled the industrial revolution, lost its commodity backing during the Vietnam War and now travels by the trillions, over millions of miles in a matter of nano-seconds. Physical currency notes are almost irrelevant having been replaced by a system of bits and bytes accounting in complex networks. While money is just a highly abstract measure and a medium of exchange our lives revolve around it and its disappearance can bring trade to a grinding halt, collapsing whole communities. This ridiculous situation is akin to a carpenter stopping work because he has run out of inches! Or a musician calling it quits because she's run out of decibels!

Today, in part one, we'll examine that most peculiar activity known as "making money"; how money is made and who makes it. We'll explore the mysterious money making process by first exploring the origin, and role of, one of the most secretive bodies in the world, the Federal Reserve System. We will also look at the role of the commercial banking system, and why it is that the money origination process is quite unfair and undemocratic.

In future editions of Wizards we will look further into the workings of the Federal Reserve, and its sole shareholders, the private banking industry. We will also investigate similarly secretive bodies such as the Bank for International Settlements in Switzerland, the World Bank, the International Monetary Fund, Central Banks in other countries, and most importantly how these institutions interact with the stock markets.