http://fintasia.org Financial Fantasy Mon, 21 Apr 2008 19:26:05 +0000 http://backend.userland.com/rss092 en "In his final Senate years, Aldrich chaired the National Monetary Commission. His Aldrich Plan, providing for flexible cash reserves, was the forerunner of the Federal Reserve System." -- Senate.gov "This Act establishes the most gigantic trust on earth... The worst legislative crime of the ages is perpetrated by this banking and currency ... http://fintasia.org/blog/the-federal-reserve-act/ “The Federal Reserve definitely caused the Great Depression by contracting the amount of money in circulation by one-third from 1929 to 1933.” -- Milton Friedman, Nobel Prize winning economist, January 1996 in a National Public Radio interview "...One unsolved economic problem of the day is how to get rid of the ... http://fintasia.org/blog/milton-friedman-critics-of-the-federal-reserve-system/ Not so many years ago in year 2000, Henri Blodget was the most hated Wall Street Analyst for having lied to investors. Since he has been rehabilited by his pairs. Today he's ranting in a video on Yahoo Finance as well as on his blog about his former employer Merrill Lynch. ... http://fintasia.org/blog/henri-blodget-rants-about-merrill-gambling-losses/ In this extended essay, John Kenneth Galbraith illuminates examples of "innocent fraud" or the gulf between perception and reality in the modern American economic system--a system he had a hand in creating during his tenure in FDR's administration. Though tackling serious subjects, the book sparkles with wit and sly understatement. ... http://fintasia.org/blog/the-economics-of-innocent-fraud-a-book-by-john-kenneth-galbraith/ Whilst not the first book on population, "An Essay on the Principle of Population" is acknowledged as the most influential. First published anonymously in 1798, the author was soon identified as the Reverend Thomas Robert Malthus. In 1803, Malthus published a major revision to his first edition, as the same title ... http://fintasia.org/blog/an-essay-on-the-principle-of-population-by-thomas-malthus/ The Domination from S/M. Stirling is about an Utopian/Dysutopian society called Draka Society. The Draka Society is a Totalitarian Democracy based on oligarchical collectivism "Citizens enjoy a considerable measure of freedom. As the Draka Karl von Shrakenberg explains it to an American journalist "the Domination is not a totalitarian dictatorship of the ... http://fintasia.org/blog/the-domination-by-sm-stirling/ "James Burnham's book, THE MANAGERIAL REVOLUTION, made a considerable stir both in the United States and in this country at the time when it was published, and its main thesis has been so much discussed that a detailed exposition of it is hardly necessary." -- George Orwell in his essay "James ... http://fintasia.org/blog/the-managerial-revolution-the-managerial-revolution-or-what-capitalismsocialism-used-to-mean-the-book-which-influenced-george-orwells-1984/ 1. "We will not have any more crashes in our time." - John Maynard Keynes in 1927 2. "I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future." - E. ... http://fintasia.org/blog/1929-quotes-illustrated/ "What every American needs to know about central bank power. A gripping adventure into the secret world of the international banking cartel." -- Mark Thornton, Asst. Professor of Economics, Auburn Univ. Coordinator Academic Affairs, Ludwig von Mises Institute [google -8484911570371055528] In "Frankenstein", Mary Shelley tell cautionary tales of scientists abusing their creative powers ... http://fintasia.org/blog/the-creature-from-jekyll-island/ According to the most proudly "plainspoken and irreverent" financial site Fool.com, in their "This Week in Banking" article, "Citigroup (NYSE: C) is reportedly close to a deal to unload $12 billion in debt associated with leveraged buyouts - LBO - to a group of private equity firms". What they ... http://fintasia.org/blog/this-week-in-banking/