Oh here's a follow-up to the discussion about euro dollars being less regulated, won't Basel 3 endgame fix most of the issues you mentioned In the previous chapter to the one I brought up, mostly by instituting the same reserve asset ratios and liquidity ratios between US and European banks?
Great book. My back has me off of work for a few days and I'm going to wrap up the book this afternoon. The only thing that I'll take issue with a little bit, is I don't like the graph on page 278. It's technically accurate but it really doesn't show that federal spending doubled from the '20s to the '30s. But I'm nitpicking and see what the point of the graph was. This is a perfect follow up to reading @AmityShlaes great book about the Great Depression called "The Forgotten Man" that I read early this year that sent me down a pass that led right into your book. I've also read 1929 from Andrew Sorkin, Lords of Finance by Liquat Ahmed, books on JP Morgan and the Rothschild dynasty by Ron Chernow, several books by Sir Niall Ferguson, and others. It's been a fantastic dive and I thank you for your work!
@DrJStrategy I didn't invest in more to make a quick buck. I invested in it to hedge against my other assets because gold is non-denominated and typically uncorrelated to real estate.