Not so long ago, the dollar stood for a sum of gold, and bankers knew the people they lent to.
Source: http://feeds.feedburner.com/~r/YourFinancialFuture/~3/475844976/Posted on Friday, December 5th, 2008 | In Gold Markets
Contributed by: Alex Stanczyk (http://rapidtrends.com/blog) -
I just posted an amazing article from Vanity Fair.
I consider it a must read.
Wall Street Lays Another Egg
Not so long ago, the dollar stood for a sum of gold, and bankers knew the people they lent to. The author charts the emergence of an abstract, even absurd world—call it Planet Finance—where mathematical models ignored both history and human nature, and value had no meaning.
New Page Up: Full Article Here
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 About Alex Stanczyk (http://rapidtrends.com/blog)
Alex Stanczyk is the editor of Your Financial Future. Mr. Stanczyk has launched numerous businesses, acted as the CEO of a Publicly Traded US Company, and brings over 21 years of business experience to YFF. He has authored numerous articles, mentored hundreds in personal finance and wealth building, and spends at least 4 hours each day studying the global markets, drawing insight and conclusions from the flows of global commerce. As an Affiliate of Anglo Far East Bullion Company, Mr. Stanczyk specializes in teaching foundational principles of money, the gold market, and why gold has been a storehouse for wealth for thousands of years. |
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