The History of Money: The Creation Of The Federal Reserve Bank
History, as we are taught it, is written by the victors. Yet, everything in our modern world ultimately revolves around money. Therefore, the dominant history-the one that truly explains our present-is the history of money itself. The first 150 years of American history tell this story best: a relentless, violent struggle for control over the American dollar. This financial conflict is an epic tale of panics, wars, and assassinations.
The modern phase of this history begins with the Federal Reserve. This financial parable was set in motion not by a caucus of bankers, but by a natural disaster: the San Francisco Earthquake of 1906. The quake was so powerful that it became the first natural event to genuinely disrupt the London financial markets. This saga, which marked the culmination of a century of financial warfare, ended with the passing of an American titan and the final, decisive creation of the Federal Reserve.
A native New Yorker, John's journey began in Brooklyn and continued on Long Island before taking him to the United States Air Force. In 1972, he started his landmark 50- year career on Wall Street at Merrill Lynch. He quickly distinguished himself, becoming a member and precious metals floor trader on the New York Mercantile Exchange (NYMEX) just two years later. John's expertise led him to travel the world, consulting with high-net-worth investors on crucial topics like risk management, portfolio hedging, and market arbitrage.
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