Investor: Okay, I watched “Money Masters”. All friggin’ three hours of it! Madre de Dios!
Very interesting stuff, but as with Griffin, a major tilt into conspiracy theory, which saps the message of credibility.
I think you raise good points regarding things like CDS opacity, the derivatives markets and some of the moves made by the USG and the Fed. To be candid, though, I don’t see conspiracy. I see blatant self-dealing, insider trading, influence peddling, incompetence and the same pocket lining that’s been going on since the birth of this great republic.
Like Dave says, BOTH Greenspan AND Griffin can be fools.
When you have a moment, buy “Lords of Finance”. It deals with central banking and bankers from just before WWI, through the inter-war period, and up to 1944 (right before Bretton Woods). The parallels between then and now are striking, with incompetence reigning supreme. The book is very well researched and doesn’t stray into conspiracy theory because it doesn’t have to. As with the present, I don’t see conspiracy, I just see idiocy and greed.
