Best banks & banking books according to redditors
We found 175 Reddit comments discussing the best banks & banking books. We ranked the 83 resulting products by number of redditors who mentioned them. Here are the top 20.
We found 175 Reddit comments discussing the best banks & banking books. We ranked the 83 resulting products by number of redditors who mentioned them. Here are the top 20.
No. The only group that needs to chill are the Anglo-American psychopaths
https://www.amazon.com/Tragedy-Hope-History-World-Time/dp/094500110X/
http://nypost.com/2014/01/05/us-is-the-greatest-threat-to-world-peace-poll/
http://www.amazon.com/Killing-Hope-C-I-Interventions-II--Updated/dp/1567512526/
http://www.amazon.com/Full-Spectrum-Dominance-Totalitarian-Democracy/dp/398132630X/
https://www.amazon.com/Damn-Feels-Good-Be-Banker/dp/1401309682/ref=sr_1_1?ie=UTF8&qid=1493063890&sr=8-1&keywords=damn+it+feels+good+to+be+a+banker
>The former leaders of the Fed emphasized that the Fed’s powers are appropriately checked by Congress.
Lol, pretty sure "Audit the Fed" never passed....
https://www.paul.senate.gov/news/dr-rand-paul-introduce-%E2%80%98audit-fed%E2%80%99-amendment-senate-banking-bill
>The legislation would amend section 714b of Title 31 of the U.S. Code to allow the GAO to fully audit:
>>transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
>>deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations;
>>transactions made under the direction of the Federal Open Market Committee; or a part of a discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection.
--------------------------
https://en.wikipedia.org/wiki/Federal_Reserve_Transparency_Act
>All three previous attempts passed in United States House of Representatives but died in the US Senate.
-------------------------
Background:
>A secret gathering at a secluded island off the coast of Georgia in 1910 laid the foundations for the Federal Reserve System.
https://www.federalreservehistory.org/essays/jekyll_island_conference
------------------
More information on the founding of the Fed - https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve-ebook/dp/B00ARFNQ54
You should read
Treasure Islands: Tax Havens and the Men who Stole the World by Nicholas Shaxson. It shows the british are still the best in town (city of london has been in the game longer than anybody...) even though there's plenty of competition out there. After reading that then this article merely states the obvious.
First this book, then this one, and finally this book. Then your training will be complete.
I bought this one and it has stayed with me ever since, highly recommend to make sure you are on top of your game.
Here is a PARTIAL list of economics books I've read cover to cover, and why I appreciated Bitcoin earlier than most:
Adam Smith
Ludwig von Mises
Murray N. Rothbard
And many many more: https://forum.bitcoin.com/economics/blockstream-supporters-mock-those-who-study-economics-t49159.html
It's a pretty interesting place in a crazy way. Because it's been around for about 1000 years, the laws they have haven't changed (because of it's independence) and so there's odd quirks such as the laws it has - which noone really knows who writes them or why - and voting for the mayor also is kinda odd as votes are issued on the amount of property you own, so banks with sky scrapers obviously get a huge influence. Source
I can't remember where I saw it (looking for the wiki article now) but there's also meant to be a couple of bank accounts which have existed for several hundred years, and thus no-one has any idea how much money they actually have, though it's likely to be huge amounts. There's this article though I'm fairly sure there's more than one account, or at least this isn't the one I saw originally.
City of London Corporation reveals its secret £1.3bn bank account
sure - try Gary Gorton's Misunderstanding Financial Crisis or Perry Mehrling's Lombard Street - and Eichengreen is always great!
Secrets of the Temple: How the Federal Reserve Runs the Country
I think there would be a great amount of benefit to be found in a group of leftists pushing to really create a movement to bring to the fore the crushing realities of global liberal finance, the city of London's role in this and the tax avoidance commonwealth.
Because when you perceive what is going on with some clarity the picture is truly staggering.
As a starting point for us interested folk, I'd recommend
Western Media’s Narrow, Colonial Definition of "Corruption" - Citations Needed podcast.
Noam Chomsky: "Free Markets?" - Chomsky on Free Markets and Liberal capital.
The City: London and the Global Power of Finance - The City of London Corporation.
Treasure Islands: Tax Havens and the Men who Stole the World by Nicholas Shaxson
And then ask yourself to name a Commonwealth territory.
The Virgin Islands? Tax haven.
The Isle of Man? Tax haven.
Jersey? Tax haven.
Guernsey? Tax haven
The Cayman Islands? uhggg I dunno chief, they a tax haven?
>"But we can't impose our tax laws there! It's an independent territory!"
>"But of course, we can transfer cash over there! To impede liberal cash flows would be to impede the free market and cut them out of our liberal banking institutions"
The wealth transfers from the global North (Western world) to the global south via charity and government aid is nearly $2 trillion a year.
The global wealth transfers from the global South to the global North via liberal finance as proscribed under neoliberalism and facilitated by institutions such as the world bank and IMF are over $5 trillion a year.
The majority of this is through the city of London Corporation.
We as a nation are histories greatest thieves, and the saddest fucking fact is those who benefit from this, won't even allow us to fund the NHS.
It is beyond a travesty, if this was known by every citizen in the country right now, I fully believe the government would be out on the streets by this time tomorrow.
> ISIS rebels to overthrow the government.
This isn't as crazy as it sounds. The USA has been found guilty of funding terrorists and doing false flags around the world.
 
The CIA’s Cloddish ISIS Attack on Duterte | New Eastern Outlook
http://journal-neo.org/2017/05/30/the-cia-s-cloddish-isis-attack-on-duterte/
 
This author has also written http://www.amazon.com/Full-Spectrum-Dominance-Totalitarian-Democracy/dp/398132630X/ Very eye opening.
I don't know how to read but if I did, the only book I would ever recommend is "Damn, It Feels Good to Be a Banker: And Other Baller Things You Only Get to Say If You Work on Wall Street" by LSO.
http://ecx.images-amazon.com/images/I/51Hrk2vq58L.jpg
Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions by Pearl and Rosenbaum.
Damodaran on Valuation: Security Analysis for Investment and Corporate Finance by Damodaran.
Both of these books provide solid walkthroughs of valuation.
If you want the Coles Notes of a simple DCF, here they are:
Edit: Apparently Damodaran put that entire text online for free: http://raj.rajaditi.com/finance/corp/pages.stern.nyu.edu/_adamodar/New_Home_Page/valn2ed/book.htm
---
---
---
If you want a good read into the timeframe considered in the article, pick up a copy of Secrets of the Temple by William Greider: http://www.amazon.com/Secrets-Temple-Federal-Reserve-Country/dp/0671675567/ref=pd_bbs_sr_1/103-8258595-1742228?ie=UTF8&s=books&qid=1178733039&sr=8-1
The Federal Reserve can affect changes almost immediately and in secret without any oversight. Presidents do not have this power, unless of course, they decide to use nuclear weapons or something. The effects of any administration-based tinkering with the economy take a long time to become apparent; sometimes, these effects are lessened by the Federal Reserve itself because of its tinkering.
I always love these articles that involve blaming one president for something really started by another. Reagan's actions only exacerbated what had been happening during Carter's time and before. Case in point: George Bush did not originate the idea of overreaching government control in our current lives, Bill Clinton did. We lost a lot of freedoms under that man, yet nobody makes the connection.
Jack
I love this video, such a great visual breakdown.
I highly recommend to anyone intrigued by this to read The Creature From Jekyll Island by G. Edward Griffin. It’s long, but it will blow your mind
Hi, former Wall Street-er here. Sounds like you're more interested in fundamentals investing instead of technical? If so, read:
The last two are fairly specific to the equity research career, but if you're doing fundamentals investing you'll be using the same principles.
If instead you're interested in technical investing, Getting Started in Candlestick Charting is my go-to.
Damn it feels good to be a banker
I will link for him: http://www.amazon.com/Bitcoin-Supernova-Electronic-Currencies-Dominate-ebook/dp/B00IJ0AHVU/
It is a 26 page "essay." I use the word in quotes because from the preview pages it reads as disjointed thoughts from someone who still doesn't fully understand how cryptocurrency works. I recall a previous essay of his being on sale in the /r/bitcoin sub. The same was said about that essay. When something is that short and is essentially an opinion piece, it would do better to be a free article on a bitcoin blog. Perhaps if he had a books worth of research and writing, it would be worth something. Just my two unsolicited verts.
In no particular order, here are several non-textbooks that were either required or recommended for higher level economics courses that I have taken:
The Big Short: Inside the Doomsday Machine by Michael Lewis
All the Devils Are Here: The Hidden History of the Financial Crisis
by Bethany McLean
Fool's Gold: The Inside Story of J.P. Morgan and How Wall St. Greed Corrupted Its Bold Dream and Created a Financial Catastrophe by Gillian Tett
Zombie Economics: How Dead Ideas Still Walk among Us by John Quiggin
ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism by Yves Smith
You might also have success looking through the "Customers also bought" sections for these books.
Books
Babylon's Banksters: The Alchemy of Deep Physics, High Finance and Ancient Religion
Financial Vipers of Venice: Alchemical Money, Magical Physics, and Banking in the Middle Ages and Renaissance
The Money Mafia: A World in Crisis
Giants: The Global Power Elite
Videos
Century of Enslavement: The History of The Federal Reserve
9/11 Trillions: Follow The Money
How & Why Big Oil Conquered The World
The Money Masters
Links
Missing Money Solari
The Money Masters Links
Quotes
"It doesn’t take an economist to understand the importance of money. Deep down we all know that the wars, the poverty, the violence we see around us hinges on this question of money. It seems like a thousand-piece jigsaw puzzle just waiting to be solved." - James Corbett
"The great constitutional corrective in the hands of the people against usurpation of power, or corruption by their agents is the right of suffrage; and this when used with calmness and deliberation will prove strong enough." -Andrew Jackson
“No money shall be drawn from the treasury, but in consequence of appropriations made by law; and a regular statement and account of receipts and expenditures of all public money shall be published from time to time." ~ Article I, Section 9, Clause 7, U.S. Constitution
"The Bible is the rock on which this Republic rests." - Andrew Jackson
"In the temple courts he found people selling cattle, sheep and doves, and others sitting at tables exchanging money. So he made a whip out of cords, and drove all from the temple courts, both sheep and cattle; he scattered the coins of the money changers and overturned their tables." - The Bible - John 2 - 14-15
Unbelievable work. One of my all time favorites.
I'd recommend checking these out as well:
Modern Macroeconomics by Brian Snowdon (Really good historical overviews of Economic thought)
Money, Bank Credit, and Economic Cycles by Jesus Huerta de Soto
Man, Economy, and State by Murry Rothbard
Economics in One Lesson by Henry Hazlitt (EXCELLENT if you are just beginning to study Economics)
Shameless plug warning
This one is aimed at beginners (as are others too):
http://www.amazon.com/Bitcoin-Befuddled-Conrad-Barski/dp/1593275730
if you'd like to point your economic eye(s) toward Delaware, you'll see it hosts 60% of the fortune 500 and 882,000 "active business entities" (according to this book). it's a rather good book at that, i recommend reading it if you want to know why to revolt against the government.
The Creature from Jekyll Island... read it: https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve-ebook/dp/B00ARFNQ54
If you don't want to read the book, here's a (quite long) video: https://www.youtube.com/watch?v=lu_VqX6J93k
What is the current feasibility of algorithmic trading?
I'm studying math/physics and work in data science/machine learning. I'm considering applying statistical/machine learning methods to the Forex markets, but is anyone other than the big firms having any success with that?
Also, does anyone have suggestions for books about mathematical trading? I'm considering this one, but would love any other suggestions. https://www.amazon.com/Quantitative-Trading-Understanding-Mathematical-Computational/dp/1137354070/ref=sr_1_1?ie=UTF8&qid=1486403237&sr=8-1&keywords=quantitative+trading+with+r
Mishkin is standard textbook for undergraduate economics courses on Money and Banking.
I dont think there is any single tutorial can provide all the guidance of Step 1-5.
(1) Need to understand webscraping.
https://blog.hartleybrody.com/guide-to-web-scraping/
(2) Need to operate with docx/pdf/excel, as well as basic NLP for information extraction.
Python with Docs: https://automatetheboringstuff.com/chapter13/
NLP: https://www.youtube.com/watch?v=nfoudtpBV68&list=PL4LJlvG_SDpxQAwZYtwfXcQr7kGnl9W93
(3) This one is very tricky, but typically a combination of webscraping/data extraction if you are not working in institution and not buying data from vendor
(4) Financial Modeling and Valuation, here are two introductory texts:
https://www.amazon.co.uk/Investment-Banking-University-Second-Acquisitions/dp/1118472209
https://www.bookdepository.com/Investment-Valuation-Aswath-Damodaran/9781118130735
(5) Well, if you know how to do (1) to (4), (5) should be now a piece of cake
If you're looking for a practitioner's perspective from a book which doesn't look like a tome (e.g. Security Analysis), Best Practices for Equity Research Analysts by James Valentine is an excellent read. It gets to the heart of the detail and straddles a very delicate balance between investing principles and methods. Highly recommended for intermediate reading.
To piggy back on u/Kennen1Trick, this is an excellent book about all the things that led to and are happening in the middle east. The author has done a lot of research on the oil pipeline stuff
The Lost Hegemon: Whom the gods would destroy
https://www.amazon.com/Lost-Hegemon-Whom-would-destroy/dp/3981723708/ref=sr_1_1?s=books&ie=UTF8&qid=1484230724&sr=1-1&keywords=the+lost+hegemon+whom+the+gods+would+destroy
"How the financial system works" is a broad topic. Are you thinking something about how the monetary system and central banks work? If so, take a look at The New Lombard Street: How the Fed Became the Dealer of Last Resort.
There is literally tons to read out there, so a list of topics or more detailed questions would be helpful. :)
For less messy amazon links you can extract the part after "/dp/" in
https://www.amazon.com/Lost-Hegemon-Whom-would-destroy/dp/3981723708/ref=sr_1_1?s=books&ie=UTF8&qid=1484230724&sr=1-1&keywords=the+lost+hegemon+whom+the+gods+would+destroy
and make it:
https://amzn.com/3981723708
BEEP BOP
Plz send any recommendations via PM
http://www.amazon.com/Damn-Feels-Good-Be-Banker/dp/1401309682
Read the preview. It's like a mix of /r/firstworldproblems and /r/corporatespeak (if that were an actual subreddit).
There likely is much more going on here, and for a glimpse at what I'm talking about, I can't recommend this book enough:
The Financial Vipers of Venice
Venice was directly involved with the first great medieval financial collapse:
How Venice Rigged the First, and Worst, Global Financial Collapse
Yeah, that's true, "custom-made" is more common.
After hearing it in reference to tailoring, I later heard it in reference to prepay models in (again) finance, where a bank can buy a model from a vendor, or it can create a bespoke prepay model in-house.
Prior to hearing about the tailoring thing, though, I'd never heard the term. That blog I linked to is an affectionate satire written from the point of view of a fictional douchebag, and it was kind of a running gag in his book. There's a section titled "Even This T-Shirt Is Bespoke."
Who Will Tell The People - William Greider, is a great book though his examples are slightly dated. I wish he would do an updated re-release. Secrets of the Temple: How the Federal Reserve Runs the Country is another classic.
This is known among many within this sub. Take it easy on the explosive headlines...
***
While on the topic - which is an important one, here's some literature and media:
>How much of the increase in overall pricing is due to the sharp jump in oil and housing?
Likely not much since fuel and housing are not regularly included in the CPI measure. If they were the fed could not maintain their 2-4% inflation illusion.
>Sources, Please
http://www.forbes.com/sites/nathanlewis/2013/01/03/the-1870-1914-gold-standard-the-most-perfect-one-ever-created/
http://www.amazon.com/Money-Gold-History-Lewis-Lehrman-ebook/dp/B00DQG5QL8/ref=sr_1_2?s=books&ie=UTF8&qid=1410015930&sr=1-2&keywords=lehrman
http://www.amazon.com/Money-Destruction-Dollar-Threatens-Economy-ebook/dp/B00JFG7080/ref=sr_1_1?s=books&ie=UTF8&qid=1410016056&sr=1-1&keywords=money
http://www.amazon.com/Creature-Jekyll-Island-Edward-Griffin-ebook/dp/B00ARFNQ54/ref=sr_1_1?s=books&ie=UTF8&qid=1410016087&sr=1-1&keywords=creature+from+jekyll+island
Panama Papers among other investigations into tax avoidance and evasion, yes.
Maybe, but everything I've read suggests that once the money is safely offshore the best outcome is that it gets taxed heavily when it gets repatriated.
As an example, Apple have trillions currently sat in Bermuda hoping that Trump will change the tax laws.
If the UK was serious about addressing the problem there are two obvious and important measures they could take.
The first would be to tackle the huge British-controlled network of offshore territories ranging from the City itself, the Isle of Man, Jersey, Guernsey etc etc and all the way to BVI, Cayman etc etc.
There is an excellent book called Treasure Islands which explains this complex web and the role it plays in global tax avoidance.
The second would be to adopt transparency laws, like those already used in some Scandanavian countries where individuals tax returns are published publicly. It was those laws which helped journalists determine that tax evasion is actually extremely concentrated to the top 0.01% of households. This is an interesting read on this investigation.
Of course neither of these will be adopted as, far from being a force against tax evasion, the UK represents one of the most powerful enablers of it and you only need to take a quick walk around Mayfair and hear the conversations to appreciate why.
https://youtu.be/mII9NZ8MMVM
https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve-ebook/dp/B00ARFNQ54
Also, look up the prominent banking families from Frankfurt Germany (Rothschild, Warburg, Schiff) and their ties to Jacob Frank and Adam Weishaupt.
Thanks for your advice! As for know I'm going to look at Princeton textbook.
I came across this book. It claims to go deep into how the Blockchain works. What do you think about it? Is it any good?
>I wasn't comparing public vs. private.
Well seeing as how public vs private is what we've basically been discussing all along you've sorta take your eye off the ball then
>My point was that teachers make less than a lot of other professions.
Well no shit sherlock. And you must not have read that article you linked to me because it basically says teachers used to teach in private schools for less money but now, since private schools are way better, their salaries have risen, while public salaries and pensions rise markedly. Nice source fail.
>I disagree. The Libertarian stance is illogical. Reforming the system makes more logical sense then scrapping it.
I know you disagree, that is why we are having this discussion. And you may think that reforming the system makes more sense, but the facts state otherwise. We've tried reforming the system with a shitload of policy changes and budget increases, and newslfash, they didn't work.
>Yes, the Libertarian party wants to do away with public schools. Something that you denied earlier.
Again, this isn't true. I'm not going to deny that some libertarians may want to end public schools (they have a good point btw) but the platform calls for an end to the Department Of Education, which is a notoriously wasteful bureaucracy that has repeatedly been reformed to no avail. Am I making this clear?
>There's no monopoly on education. Private schools are an option.
Actually there is. Its actually the worst kind of monopoly, you are made to purchase a service which is getting more expensive and isn't improving, even if you don't utilize it. Vouchers, or dollar for dollar tax credit, would solve this problem.
>Money? Do you want private companies to start printing a competing currency or something?
Yes I do but I suspect you don't know much about monetary policy or you would realize that the Federal Reserve IS a private institution with a monopoly on the power to print money and artificially set interest rates. Recommended reading.
>Oh, we're too diverse! I don't see this as a valid argument.
No shit you don't see it as a valid argument, you disregard evidence at will. Even when a Swede points out that the socialist model in Sweden won't work in the US because its too diverse, you will probably deny the evidence again. Also, their school system includes vouchers for private schools, so you can credit Sweden's school system success because it adopted a classical liberal (libertarian) stance.
>Again, your diversity argument I don't find reasonable. And in the long term it leads to consistently better and more efficient healthcare.
Except that it doesn't. It leads to higher costs, rationing, and waste. Not to mention the fact that the current bill isn't even socialized medicine, its outright corporatism.
>This guys whole premise is flawed since socialized medicine consistently ranks higher.
Except that it doesn't. And in the end it only produces debt. But you'd probably prefer to reform debt than abolish it, abolishing it would be batshit crazy libertarianspeak.... Here is a quick quote.
"There are endless stories about Englishmen who trade their government-issued eyeglasses, wigs, and even false teeth, for beer. There are housewives who trade government-issued medicine for perfume and cigarettes. And there are some who pick up extra money by selling the gold fillings out of their teeth-getting them replaced by government dentists and then selling them again."
>The healthcare bill is far from perfect, it should have at least included the public option. It will help a lot of people though.
This is the sort of the blind faith collectivism that so worries me. The healthcare bill won't help me, in fact it hurts me. And as for helping a lot of people, you should really do more research because a lot of the analysis I've seen is that the current law helps the corporations more than anybody else. Even my doctor who prefers a single payer system or a medicare buy-in is opposed to this bill, because it does NOTHING TO ADDRESS THE SOARING COSTS. If HSAs were tax deductible that would drive the price of insurance down.
>They defined their beliefs and libertarian ideals as completely doing away with all government oversight on private industry and complete faith in greed and profit to fix all problems. Utterly unrealistic.
Yes well just because you believe something doesn't make it true anymore than what they believe is unrealistic. Fact is you can call anyone crazy for their beliefs it doesn't always make it so.
>Libertarianism seems to have quite a range and contradiction of beliefs though. Of that list what category do you see the Libertarian party most closely resembling and your own beliefs most resembling?
Yes we are a divided bunch, thats for sure. But its less contradictory than either party right now. But its not fair, and its dishonest to paint anybody with any belief set with such a broad brush. I'm more of a free market classical liberal. That traditionally lumps me in the the small L libertarians, which I'm fine with. I like Rands work a lot, I think objectivism is consistent. I think institutions like the Cato Institute and The Mises Institute broaden the debate in a non partisan way. I read Reason Magazine and the Economist, both of which are basically classical liberal publications.
I wholeheartedly support Ron Paul on monetary policy (I read his book a few times now and I think everyone should) and I support Dennis Kucinich on ending wars. I supported Franken when he goes after corporatism, and I support Peter Schiff because he understands economics better than any man alive. I'm a complex individual as are we all, which is why onesize fits all solutions won't work in the US. Freedom of choice and of association is the best bet to fix market problems.
No, don't pay for WSJ if you already have the FT. Honestly, if you're more interested in the Alphaville section and markets - perhaps you're more suited to a capital markets or even S&T role than M&A advisory.
http://www.amazon.co.uk/Investment-Banking-Valuation-Leveraged-Acquisitions/dp/1118472209/ref=sr_1_1?ie=UTF8&qid=1372779058&sr=8-1&keywords=Investment+banking+pearl
This book is a classic. If you learn it from cover to cover you're pretty set. The WSO guide is also very helpful as well as the Vault guides. These are much easier to understand for a newcomer and focus on interview questions. The pdfs of these should be online for free on some random website. Do some googling. Your investment society at uni may have paid for membership as well. But don't wait for uni to start back again.
Investopedia is not sufficient. M&I (and WSO) is good to read to understand the level of knowledge expected of people being interviewed. If you're technically proficient - it will be a big plus.
The Fed is a private corporation that is the largest single creditor to the US government. The Fed however has never been audited, and it is not accountable to US Congress, the President, or to anyone.
The pivotal issue in the documentary is that the Fed has a monopoly on printing money, which opens up the possibility for schemes for profit. It's kind of just saying an open secret because the Fed is already known to be a private corporation.
Critics and former politicians in the video argue a few additional points: 1) The Fed is the most powerful organization in the world, and 2) the Fed is the "one of the most corrupt institution in the world," and 3) the Founding Fathers particularly and sincerely believed that banking institutions are dangerous to liberty and sovereignty, 4) the Fed profits and gets power from the national debt
The video suggests as a solution, that the people and government should issue their own currency.
I have academic training in economics. Honestly, at that time, I was sold on mainstream economic theory on the Fed. It took me years to appreciate and realize the problems of inconsistencies and lack of disclosure surrounding the Fed.
Back then a professor I had recommended a great book, Secrets of the Temple. At the time, I burned a bit of credibility with him as I admonished him of the fact that this is fringe conspiracy territory, not accepted by mainstream economics. Years later I actually read the book. I should go and thank him for recommending it -- the fact I've come to realize is mainstream economics is not science; there are no experiments, no falsifiability of mainstream ideas: "distinguishing the scientific from the unscientific—[...] such that what is unfalsifiable is classified as unscientific. The government won't let the public audit the fed. They won't allow any investigation.
They used this Mishkin text in my Money & Banking class.
It's a vast topic with much to chew through. A good one to start you off would be Secrets of the Temple by William Greider
Here are all the local Amazon links I could find:
amazon.co.uk
amazon.ca
amazon.com.au
amazon.in
amazon.com.mx
amazon.de
amazon.it
amazon.es
amazon.com.br
amazon.nl
amazon.co.jp
amazon.fr
Beep bloop. I'm a bot to convert Amazon ebook links to local Amazon sites.
I currently look here: amazon.com, amazon.co.uk, amazon.ca, amazon.com.au, amazon.in, amazon.com.mx, amazon.de, amazon.it, amazon.es, amazon.com.br, amazon.nl, amazon.co.jp, amazon.fr, if you would like your local version of Amazon adding please contact my creator.
Sorry, couldn't remember. The Rosenbaum/Pearl book:
http://www.amazon.com/Investment-Banking-Valuation-Leveraged-Acquisitions/dp/0470442204/ref=sr_1_1?ie=UTF8&qid=1368650208&sr=8-1&keywords=investment+banking
>Just because Jennifer SEEEMED to not know about it, does not mean she does not.
I bet that the average person is not interested in the Cabal at all!
​
Out of curiosity, what do you think? Is the FED private or governmental?
The Creature from Jekyll Island: A Second Look at the Federal Reserve
https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve-ebook/dp/B00ARFNQ54
Don't know if it was the teacher or the book, but my Money and Banking class with this was fantastic. However, that would come the semester after intro to macro-econ.
Subprime loans were not something new to the market, and just the subprime loans alone would not have impacted the economy to the extent that they did. The problem was that they were packaged into complicated financial instruments, which were then sold off, and banks became increasingly over-leveraged on these junk investments that were given AAA ratings by credit agencies who were essentially paid to do so.
This book talks about the situation extensively: http://www.amazon.com/Fools-Gold-Corrupted-Financial-Catastrophe/dp/1439100136/ref=cm_cr_pr_product_top
I developed ASimpleModel for those new to financial modeling. The site introduces the three primary financial statements in the context of Excel / modeling. From there it will walk you through an integrated model, DCF and LBO. All material is video driven with notes and templates available for download. With that introduction there are quite a few more advanced options available:
Free Resources:
http://ASimpleModel.com
www.Macabacus.com
NYU Stern Prof. Aswath Damodaran - check his website. It is an incredible resource.
Specific to investment banking, but a great resource:
http://www.amazon.com/Investment-Banking-Valuation-Leveraged-Acquisitions/dp/0470442204
I've really been digging this book: Bitcoin for the Befuddled https://www.amazon.com/dp/1593275730/ref=cm_sw_r_cp_api_BDFszb45S44VY
Don't let the dumbass cover fool you: it's packed with great info.
I like your lateral thinking. There is an endless amount of research one can do, but not all information has the same weight. I'd say having two booths next to whomever is not significant.
This is a great book on equity research methods by a highly respected former sell-side analyst: https://www.amazon.com/Best-Practices-Equity-Research-Analysts/dp/0071736387/ref=sr_1_1?ie=UTF8&qid=1541832325&sr=8-1&keywords=equity+research+valentine
His message: focus on the stock's critical factors.
But don't ignore obscure data (it could be critical).
​
> You got three economic experts discussing very specific details of the situation. You really have a problem with this?
If their arguments/conclusions are based on speculation, they ought to be taken with a grain of salt. Furthermore, you have to question the decision to print a story that offers very little in the way of conclusive analysis. And expert opinion, especially an economist, is simply that. You have to evaluate it for yourself.
The conclusions of the second article are:
This is all well and good I suppose in terms of a short term outlook. The attitude towards it is just infuriating though: "Nobody panic. We're the largest economy in the world, and now matter how shitty things get, we'll be fine because our treasuries are as good as gold." It's nothing more than a reassuring bedtime story. The CDC analysis is interesting, I guess, but doesn't explain anything. It's just a bad omen detected by our economic shamans.
The problem I have is that this article, and the others, avoids the obvious explanation for all this turmoil. That is that the US Government is/will soon be insolvent. It sounds scary, I know, but there's no other way of putting it when a government can't pay off its debts.
Raising the debt ceiling to meet short term obligations doesn't address the underlying issue. Because if we allow everything to return to "normal", we'll simply be back in this situation a few months/years down the road. Each iteration of this cycle will be shorter and shorter until there's no choice but to abandon our delusions and admit to ourselves: the US government is insolvent.
When you stand back and look where all this money has gone, you'll notice that while nearly every corner of the country is crumbling from neglect, the defense industry, finance, pharma, agrobusiness, auto manufacturing, retail, etc... have all become increasingly monopolized. They become fat on government subsidies and protective regulations. Would lockheed martin even exist without taxpayer money? Probably not. I'd be so bold to say the existence of all of these monopolies is illegitimate. If this is normal, then we're truly fucked.
> This is the crux of the issue right here. You want a news outlet to be a university.
Absolutely not. University research is funded by the industry (eg. lawrence livermore academy.) I want independent thinking. The MSM is a gigantic circle-jerk proclaiming the greatness of this empire. American hegemony may be a fact of life now, but its current course is unsustainable. It's so easy to allow ourselves to be seduced by this superpower status and simply report on stories like the debt crisis as mere hiccups in a well oiled machine. "There's no way the US could possible default because it's the mightiest nation on earth. People flock to our treasuries as a safe haven. Let's all put our earmuffs on and stay positive and let this crisis resolve itself."
This thinking is akin to an elephant believing its flying after jumping off a cliff. In reality it's speeding closer and closer to the ground.
What's needed is a little common sense. We are the elephant (or donkey if you prefer) that is taking a leap off a cliff. Don't you think we have a better shot at survival if we for one moment face the reality that elephants can't fly and pack a parachute instead?
> Where would you go to find out about how a credit rating drop would affect the US?
I've read a lot of theories about US currency over the years. I think my current understanding is based on that. Not everything I read was correct, but they contain bits and pieces that I used to formulate my opinion. I use my judgement.
> where would someone who didn't know anything about economics go?
Regarding I haven't read it myself, I've heard good things about Secrets of the Temple.
An excerpt of an Amazon customer review:
> One might think of William Greider's "Secrets of the Temple: How the Federal Reserve Runs the Country" as "Central Banking for Poets." If you've ever scratched your head in wonder when reading how Alan Greenspan and the Fed have "lowered interest rates" or are "easing monetary policy," this book will be extremely enlightening and well worth the time it will take you to plow through all 700 plus pages. If (like me) you majored in economics, you'll be surprised how much better Greider is in explaining arcane economic theory than your college professors (and you'll probably learn -- or re-learn -- quite a bit in the process).
Banking isn't really that difficult to understand. It's just swathed in "arcane" language like "Quantitative Easing." Any newcomer can understand the concepts with relative ease once this obfuscation is removed. I read a book written by Edward G Griffin, who would be commonly regarded as a conspiracy theorist. The guy is obviously wrong in some areas, but I still think his description of "The bailout game" is probably the best thing I've every read on the subject. I was able to predict the TARP bailout in advance and understand what was going on during the initial crisis as bearsterns and lehmen brothers.
http://www.theantechamber.net/UsHistDoc/CreatureJekyllIsland.html#mm
He has an obvious libertarian slant, but the gist of the story is essentially verifiable. Please please suspend disbelief for a moment and consider what this guy is saying.
https://www.amazon.com/Blockchain-Technology-Explained-Dummies-technological-ebook/dp/B07QNHCCY1/ref=sr_1_34?keywords=blockchain+for+dummies+ebook&qid=1556991452&s=digital-text&sr=1-34
Secrets of the Temple is another good one that I've just finshed, although it is quite long.
The Federal Reserve creates the currency, that is why your dollars say 'Federal Reserve Note' at the very top. If they choose to print dollars with abandon they can.
One other thing to note: the Federal Reserve is a private institution with a public board. It is owned by some of the country's biggest banks. Now you see why the Fed will protect the banks first.
The best book on the fed: Secrets of the Temple: How the Federal Reserve Runs the Country I haven't read it yet, unfortunately.
>Any source that exposes the master plan?
Yes.
http://www.amazon.com/Secrets-Temple-Federal-Reserve-Country/dp/0671675567
I have this book and actually worked with these guys (Rosenbaum and Pearl). It's more banking-specific, but the valuation information is more universal. They even walk you through the modeling/comps/valuation formulas step-by-step. Fairness opinions will require knowledge of a lot of the information covered in the textbook.
https://www.amazon.com/Quantitative-Trading-Understanding-Mathematical-Computational/dp/1137354070/ref=pd_lpo_sbs_14_t_1/138-6820457-3645661?_encoding=UTF8&psc=1&refRID=4ZK333JMPVG1J7GZXJ9K study this one...
http://www.macabacus.com
http://www.amazon.com/Investment-Banking-Valuation-Leveraged-Acquisitions/dp/0470442204
http://www.amazon.com/Valuation-Measuring-Managing-Companies-Edition/dp/0470424656
And a little later down the road upon graduation: http://www.cfainstitute.org/programs/cfaprogram/Pages/index.aspx
Toward the end of the essay I explain why I like Vertcoin and why it could become a major force within the crypto world.
Also, you can read a free sample on Amazon or your Kindle before deciding to get it
http://www.amazon.com/Bitcoin-Supernova-Electronic-Currencies-Dominate-ebook/dp/B00IJ0AHVU/
My go-to book
As a person in investment banking, the best way to learn forecasting/financial analysis was with a book tailored to this industry.
Macabacus.com is also a phenomenal learning source (and their excel plugin is amazing).
It is known, and certainly well documented that the US and Israel is attempting to destabilize Iran by fomenting unrest, via the color-coded green revolution (twitter, swarming technology), organizing discontent within differing ethnic groups via false-flag sabatoge by sponsored terrorist groups like Jundallah and al Qaeda; all to overthrow the Iranian regime and replace it with a more compliant thugocracy that will allow complete corporate control, perhaps placing the former shahs son back on the Peacock throne.
All to redraw the map of the middle east and central asia(notice free Baluchistan), and make Israel the depotier of the world.
All for oil. All for Israel. All for oil for Israel.
>Americans
What? I can't call out objective facts? I guess this isn't happening then?
http://www.amazon.com/Full-Spectrum-Dominance-Totalitarian-Democracy/dp/398132630X/
 
or this https://www.youtube.com/watch?v=9RC1Mepk_Sw
 
I will shit on it and expose its crimes all day long. It's my civic duty.
Oldie but goodie: Secrets of the Temple
http://www.amazon.com/Secrets-Temple-Federal-Reserve-Country/dp/0671675567
Read Secrets of the Temple: How the Federal reserve Runs the Country by William Greider. http://www.amazon.com/Secrets-Temple-Federal-Reserve-Country/dp/0671675567/ref=sr_1_1?s=books&ie=UTF8&qid=1465262591&sr=1-1&keywords=secrets+of+the+temple
Well, Wikileaks cables (from the Pedesta batch) specifically mentions Saudi and Qatar, which are close geopolitical allies of America:
https://www.rt.com/usa/362312-clinton-saudi-arabia-qatar-isis/
Also, Assange is posting some new batches that talk about clandestine arms shipments from America to ISIS and Al-Quadi affiliates:
http://www.globalresearch.ca/wikileaks-says-they-have-1700-emails-proving-hillary-clinton-knew-about-u-s-military-weapons-shipments-to-al-qaeda-and-isis/5541014
There is a good book by a guy named William Engdahl that goes through the history of Jihadist proxy wars instated by American power brokers. I can't remember the specific title but his books are all available on Amazon and really go deep into factionalism in American politics (i.e. oligarchs and the press outlets, puppet politicians, and think tanks that they control) and the machiavellian ways they achieve their global geopolitical goals. It's either Myths lies and Oil Wars, or this one (I can't remember. I read them a couple of years ago):
https://www.amazon.com/Lost-Hegemon-Whom-would-destroy/dp/3981723708/ref=sr_1_1?ie=UTF8&qid=1492909232&sr=8-1&keywords=the+lost+hegemon
Fool's Gold is the only good book on it:
Tett is a sharp journalist
Please watch The Nobel Lie on the OKC Bombing.
Please read Full Spectrum Dominance and The New Confessions of an Economic Hit Man. Not shooting up a bunch of kids and lying about it is such victimless crime I can't believe American intelligence would do such a thing, given their bloody track record it's too kind for their MO.
Here's a lecture on historically proven false flags.
edit: Also checkout this documentary on Waco.
edit2: Listen to Madeleine Albright. She says outright that the deaths of 500,000 Iraqi children was worth it for Iraq's non existent WMD's, which is not why we went into Iraq. (It was a pre-forgone conclusion.) Meanwhile you don't think on American soil a handful of dead kids could ever be justified for some larger geopolitical strategic objective? It's UNTHINKABLE and only a rabid maniac could ever dream up such a thing?
edit3: Here's an article about the over 1 million Indonesian leftist the CIA helped massacred in 1965 alone. This type of genocidal violence isn't a one off in the history of U.S. foreign policy.
edit4: Go watch Abby Martin's the Empire Files. Do you know what the School of the America's was and what they did in South America? What was the Phoenix Program?