Top Tweets for #TiTanic

Nolan is the most popular western director in India. Am i right? He's the only director with a mass following in India. Yes jurasic park, titanic or avengers is watched and loved.. but their directors don't have an equivalent recall in masses. Nolan is having bigger pull than Damon holland in india.

That’s a myth. It was a banker cartel coup sold as public reform. JP Morgan and the private clearinghouses stepped in, issued their own liquidity and contained the runs in 1907. The government didn’t fix it, no central bank existed, and it still worked. But what happened is that big New York banks saw an opportunity to expand credit wildly, socialize their risks, and never face real market discipline again. So in 1910 they slipped away to Jekyll Island under fake names and for a week they drafted the blueprint for a government backed central bank that would cartelize the system and hand them an elastic currency printer. Wilson, the useful progressive, signed the Federal Reserve Act in 1913. But the fact is that central banks don’t eliminate booms and busts. They create them by suppressing interest rates, fueling malinvestment, and guaranteeing bigger crashes when reality hits. And if the Fed was created for the purpose of “stability”, then it evidently failed as it delivered the Great Depression, 1970s stagflation, 2008 meltdown, and today’s addiction to QE and bailouts. It also enabled every major war and welfare expansion by monetizing debt, and the dollar has lost 97% of its purchasing power since 1913. They literally built the most sophisticated wealth transfer machine in history via inflation (hidden tax) and the Cantillon effect (new money hits the connected first). The Fed effectively turned banking panics into a permanent feature of the economy while shielding the worst actors. TLDR: end the Fed.