Podcasts about new york federal reserve bank

Tuklasin ang pinakamalaking bank heist sa kasaysayan ng Bangladesh. Alamin kung paano ninakaw ang pera mula sa New York Federal Reserve Bank at inilipat sa ilang pekeng account sa isang branch ng RCBC sa ating bansa. #BangladeshBankHeist #TrueCrime #TagalogTrueCrime #BankHeistHistory #NewYorkFederalReserveBank #RCBC #BankRobbery Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week, Ronan and JR are joined by Ellen Correia Golay, a Treasury markets advisor at the New York Federal Reserve Bank and an expert in U.S. Treasury market structure and fixed income. Ellen dispels the gold heist myths of Die Hard 3, takes a closer look at all-to-all trading in Treasury markets, and discusses the SEC's recent adoption of rules that could require principal trading firms to register as dealers. Recorded February 7, 2024.

Robert McCauley is a senior fellow at the Global Development Policy Center at Boston University, an Associate Member of the Faculty of History at the University of Oxford, and was formerly at the Bank of International Settlements for 25 years and the New York Federal Reserve Bank for 14 years. Robert is also a returning guest to the show, and he rejoins Macro Musings to talk about his recent article titled, *Bond Market Crisis and the International Lender of Last Resort* David and Robert also discuss the basics of a bond market run, the policy reaction and implications of the 2020 “Dash for Cash”, the possible concerns with corporate bond facilities, and a lot more.   Transcript for this week's episode.   Register now for the Bennett McCallum Monetary Policy Conference!   Robert's Boston University profile Robert's BIS archive   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Join the Macro Musings mailing list! Check out our new Macro Musings merch!   Related Links:   *Bond Market Crises and the International Lender of Last Resort* by Robert McCauley (coming soon)   *Manias, Panics, and Crashes: A History of Financial Crises, 8th Edition* by Robert Aliber, Charles Kindleberger and Robert McCauley   *Robert McCauley on the Global Domain of the Dollar and Threats to its Dominance* by the Macro Musings Podcast

Hosts: Greg Skordas Americans are using their credit cards and spending more than ever. According to a report by the New York Federal Reserve Bank, the U.S. consumer credit card debt total passed the $1 trillion mark for the first time ever. We speak with Bankrate Senior Industry Analyst Ted Rossman on why Americans are using their credit more than ever, and tips to get rid of the debt.See omnystudio.com/listener for privacy information.

Hosts: Greg Skordas US Attorney General Appoints Hunter Biden Special Counsel  Earlier today we learned Attorney General Merrick Garland appointed David Weiss, a U.S. Attorney for Delaware, as special counsel to lead the investigation into Hunter Biden. Host Greg Skordas discusses the latest details on Hunter Biden's case. Judge Cautions Trump Against Inflammatory Statements The judge in the special counsel Jack Smith's Jan. 6 case against former President Donald Trump says Trump has a right to free speech, but it's not absolute. ABC News National Correspondent Steven Portnoy joins the show to discuss what else the judge is saying about the case. More Americans Carry Credit Card Debt Americans are using their credit cards and spending more than ever. According to a report by the New York Federal Reserve Bank, the U.S. consumer credit card debt total passed the $1 trillion mark for the first time ever. We speak with Bankrate Senior Industry Analyst Ted Rossman on why Americans are using their credit more than ever, and tips to get rid of the debt. Maui Wildfires Death Toll Rises, How Utah Can Help While visiting Utah, President Biden declared the wildfires in Hawaii a major disaster and ordered Federal aid to supplement state and local recovery efforts. Many Utahns have a connection to Hawaii, KSL Newsradio Reporter Aimee Cobabe calls in to discuss the many efforts in the state to help those affected by the wildfires in Maui.See omnystudio.com/listener for privacy information.

Join Jen as she checks in with Christa Hill and Renee Matsalla of Tacit Edge Product Leadership and all of the amazing things they have been up to over the past year. They discuss the wins, the challenges, the mistakes, and how their "WHY" of creating inclusive and accessible product education continues to have significant impact on the ecosystem and more importantly, the amazing individuals who collaborate/learn with them. Thank you for listening to the Leaders, Innovators and Big Ideas podcast, supported by Rainforest Alberta. The podcast that highlights those people who are contributing to and/or supporting the innovation ecosystem in Alberta. Host: Jennifer Morrison is InceptionU's learner champion. She has over 11 years of experience as an educator and received her Masters of Educational Leadership from High Tech High Graduate School of Education in San Diego, CA. Jen possesses extensive experience in project-based and experiential learning and design thinking.  Jen spent many years teaching middle and high school students which provided her with a foundational love of learning and passion for exploration and personal growth. Following her natural curiosity and growth mindset, she honed her leadership skills and dove deep into project based learning during her time at High Tech High. As the Learning Catalyst and Lead Program Designer with InceptionU, Jen provides valued leadership, guidance, meaningful connections and an engaging learning environment. She is deeply dedicated to each of the learners and their success. As Simon Sinek says in The Infinite Game, “what good is it having a belly if there's no fire in it? Wake up, drink your passion, light a match and get to work.”  Guest: Renee Matsalla is a Co-founder at Tacit Edge Product Leadership where she helps people reach their potential as product leaders. Before this, she was a product leader at Benevity, where she specialized in visioning and launching Benevity's most innovative products. Renee's product leadership was instrumental in Benevity's unicorn $1.1B valuation. Renee has also worked in Berlin and San Francisco where she led the launches of mobile monetization products used by Facebook, Google, and the world's largest mobile game developers. She now coaches Product Managers to become product leaders in the growing Alberta tech ecosystem. Guest: Christa Hill is a Co-founder of Tacit Edge Product Leadership where she uses her industry expertise to fuel our economy with empowered, innovative, and diverse product leaders that embody the entrepreneurial spirit. She also serves as Vice President of Product YYC where she is at the forefront of creating Product Management curriculum for SAIT and other educational and corporate institutions such as the New York Federal Reserve Bank. To find out more visit TacitEdge.ca. Christa started her career in the early days of online banking and money transfer services, while also working in various compliance roles in the financial services industry. She then took on a passion project in the not-for-profit sector to revitalize a local community recreation center. Upon her return to tech, she discovered a path from Product Ownership at Getty Images to Product Management at Benevity. At Benevity, now a $1.1B unicorn tech company, her work was instrumental in scaling the platform to onboard and vet over 2 million global not-for-profits and disburse over $2 billion in funds, while elevating the grants application process in collaboration with Microsoft USA. She then led the vision of Benevity's content API, which is designed to become the engine of Benevity's end-user experience. Christa returned to FinTech with Morgan Stanley At Work as Vice President, Global Private Markets Product Management. Christa was instrumental in moving money around the globe through purpose-built services that facilitate liquidity events within employee stock plans for private fortune 500 companies and start-ups. Additionally, she used her extensive API experience to create the first-ever public-facing API that scales the administration of a corporation's lifecycle from private ownership to IPO. This ground-breaking work secured Morgan Stanley's position as the premier product for Private Markets liquidity activities. Together with her technology partners, they rose from millions to billions of dollars in activity within 12 months. Now, Christa is most known for coaching early and established Product Managers, helping them deepen their expertise and helping them thrive in their careers. She brings empathy and humor along while tackling the grey areas of the role, with the goal of creating future product leaders for our increasingly digital world. Please be sure to share this episode with everyone you know. If you are interested in being either a host, a guest, or a sponsor of the show, please reach out. We are published in Google Podcasts and the iTunes store for Apple Podcasts We would be grateful if you could give us a rating as it helps spread the word about the show. Show Links: Tacit Edge Product Leadership  E163 Jennifer Morrison Hosts Christa Hill and Renee Matsalla (Tacit Edge Product Leadership) on the LIBI Podcast  Show Quotes: ""   Credits... This Episode Sponsored By: New Idea Machine Episode Music: Tony Del Degan Creator & Producer: Al Del Degan  

Shaping the future requires us to "shake things up." Christa Hill and Renee Matsalla are two authentic, badass, superstar ladies doing just that in the innovation ecosystem in Alberta. All too often products are built just because someone asked for it, not necessarily because it was needed. According to Christa and Renee, product management IS the future and brings the customer, the business, and the empowered team together to achieve meaningful, purposeful business goals with impact. This work matters! Curious to learn more? Join Jen as she has a fun and enlightening conversation with Christa and Renee about all things product management!  P.S. - Christa and Renee, it's time to get the band back together!  For the transcription of this episode please visit: https://www.rainforestab.ca/yyc-blog/podcast-episode-163-transcription Thank you for listening to the Leaders, Innovators and Big Ideas podcast, supported by Rainforest Alberta. The podcast that highlights those people who are contributing to and/or supporting the innovation ecosystem in Alberta. Host: Jennifer Morrison is InceptionU's learner champion. She has over 11 years of experience as an educator and received her Masters of Educational Leadership from High Tech High Graduate School of Education in San Diego, CA. Jen possesses extensive experience in project-based and experiential learning and design thinking.  Jen spent many years teaching middle and high school students which provided her with a foundational love of learning and passion for exploration and personal growth. Following her natural curiosity and growth mindset, she honed her leadership skills and dove deep into project based learning during her time at High Tech High. As the Learning Catalyst and Lead Program Designer with InceptionU, Jen provides valued leadership, guidance, meaningful connections and an engaging learning environment. She is deeply dedicated to each of the learners and their success. As Simon Sinek says in The Infinite Game, “what good is it having a belly if there's no fire in it? Wake up, drink your passion, light a match and get to work.”  Guests:  Renee Matsalla is a Co-founder at Tacit Edge Product Leadership where she helps people reach their potential as product leaders. Before this, she was a product leader at Benevity, where she specialized in visioning and launching Benevity's most innovative products. Renee's product leadership was instrumental in Benevity's unicorn $1.1B valuation. Renee has also worked in Berlin and San Francisco where she led the launches of mobile monetization products used by Facebook, Google, and the world's largest mobile game developers. She now coaches Product Managers to become product leaders in the growing Alberta tech ecosystem. Christa Hill is a Co-founder of Tacit Edge Product Leadership where she uses her industry expertise to fuel our economy with empowered, innovative, and diverse product leaders that embody the entrepreneurial spirit. She also serves as Vice President of Product YYC where she is at the forefront of creating Product Management curriculum for SAIT and other educational and corporate institutions such as the New York Federal Reserve Bank. To find out more visit TacitEdge.ca. Christa started her career in the early days of online banking and money transfer services, while also working in various compliance roles in the financial services industry. She then took on a passion project in the not-for-profit sector to revitalize a local community recreation center. Upon her return to tech, she discovered a path from Product Ownership at Getty Images to Product Management at Benevity. At Benevity, now a $1.1B unicorn tech company, her work was instrumental in scaling the platform to onboard and vet over 2 million global not-for-profits and disburse over $2 billion in funds, while elevating the grants application process in collaboration with Microsoft USA. She then led the vision of Benevity's content API, which is designed to become the engine of Benevity's end-user experience. Christa returned to FinTech with Morgan Stanley At Work as Vice President, Global Private Markets Product Management. Christa was instrumental in moving money around the globe through purpose-built services that facilitate liquidity events within employee stock plans for private fortune 500 companies and start-ups. Additionally, she used her extensive API experience to create the first-ever public-facing API that scales the administration of a corporation's lifecycle from private ownership to IPO. This ground-breaking work secured Morgan Stanley's position as the premier product for Private Markets liquidity activities. Together with her technology partners, they rose from millions to billions of dollars in activity within 12 months. Now, Christa is most known for coaching early and established Product Managers, helping them deepen their expertise and helping them thrive in their careers. She brings empathy and humor along while tackling the grey areas of the role, with the goal of creating future product leaders for our increasingly digital world. Please be sure to share this episode with everyone you know. If you are interested in being either a host, a guest, or a sponsor of the show, please reach out. We are published in Google Podcasts and the iTunes store for Apple Podcasts We would be grateful if you could give us a rating as it helps spread the word about the show. Show Quotes: "Perfection is not possible and once I truly accepted that, my whole life completely changed. I just said, I don't care...I'm going to try things."  "I need autonomy, I need to be myself, I need to practice product there way I believe it should be practiced, and also, it's going to be contagious. Don't hire me if you don't want that. This mindset changed everything for me and the last two years have allowed me to experiment in ways that I never thought were possible to create the life for myself and my daughter that I've always wanted." "The exclusivity of the product manager role is not going to serve us in the next phase of our ecosystem growth. We have to let it go. What are we going to do to get people into this field so we can all thrive?" "With the growing demand, we can't afford to not democratize access to education and funding to open up this field to people who are interested and provide them access to the network of people who can help get them these jobs." "Awareness breeds interest. If we can meet that interest with education, how can we accelerate the competency of product management with where we are? The potential is endless." Credits... This Episode Sponsored By: New Idea Machine Episode Music: Tony Del Degan Creator & Producer: Al Del Degan  

We talk with Bill Dudley, the former President and CEO of the New York Federal Reserve Bank, about the US economy - where it is headed and what could happen, how the pandemic affected it, why Fed policies benefit the wealthy and what $5 trillion in government spending means for GDP. He also shares his thoughts about cryptocurrencies and how stricter regulation could bring wider adoption. Does he think the Fed is Too Hawkish, too Dovish or in “Alice In Wonderland”?Bill Dudley is an American economist - who joined the Federal Reserve on the eve of the 2008 financial crisis after a 20 year career at Goldman Sachs. This podcast is available on all major podcast streaming platforms. Did you enjoy this episode? Consider leaving a review!Receive updates on upcoming guests and more in our weekly e-mail newsletter. Subscribe today at www.3takeaways.com.

When facing an economic crisis, the Fed's playbook normally skews toward juicing the economy too much rather than too little. After all, in the last go-round in 2007, being too stingy might have helped trigger a depression. Fifteen years later though, America's central bankers face the opposite problem: they need to move fast to cool inflation. That's one of the takeaways from a panel discussion among economists this week, moderated by Stephanie. With U.S. inflation at 7%, the Fed needs to do more than expected, said Bill Dudley, a former president of the New York Federal Reserve Bank and senior adviser to Bloomberg Economics. Dramatically raising interest rates by a half-point in March is worth a look, Dudley said, though unlikely to happen.  Meantime, Bloomberg chief U.S. economist Anna Wong explains why U.S. workers, who've gone missing lately, are likely to rejoin the labor force soon. And, chief global economist Tom Orlik shares why President Xi Jinping isn't about to let China's economy implode while he seeks to cement lifetime power. Finally, on a lighter note, reporter David Hood shares everyone's frustrations with the IRS, where customer service is so bad that some tax professionals are hiring robots to wait in line for them. See omnystudio.com/listener for privacy information.

In this episode we answer emails from Spencer, Hannalore, Keith and Claire.  We discuss a new article at Portfolio Charts, leveraged intermediate treasury bonds and their possibilities and implications, and invitations for ads.Links:Ingredients Article:  Three Secret Ingredients of the Most Efficient Portfolios – Portfolio ChartsBias-Variance Dilemma Episodes:  Podcast #49| Risk Parity Radio; Podcast #64| Risk Parity Radio; Podcast #66| Risk Parity RadioHannalore's Seeking Alpha Article:  TYA: A Better Version Of TLT And My Top Fixed-Income Pick (NASDAQ:TLT) | Seeking AlphaTYA Fund Page:  TYA Simplify Risk Parity Treasury ETF | SimplifyPortfolio Visualizer Analyzer Analysis of TYD:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Keith's Bogleheads Forum Link:  Modified versions of HFEA with ITT and Futures / Lifecycle Investing with Modern Portfolio Theory - Bogleheads.orgKeith's Beta Article Link:  Betting against Beta (and Gamma) Using Government Bonds - Federal Reserve Bank of New York - FEDERAL RESERVE BANK of NEW YORK (newyorkfed.org)Support the show (https://www.riskparityradio.com/support)

On this week's episode, The Pack is joined by a former punk-rocker and current Senior Contributing Writer for Institutional Investor magazine. Richard Teitelbaum (@rteitelbaum100 on Twitter) is a journalist and author specializing in the financial markets. Richard is the author of The Most Dangerous Trade: How Short Sellers Uncover Fraud, Keep Markets Honest, and Make and Lose Billions (John Wiley, 2015), about the life and lore of the short selling community, a must-read for any who follow The Dark Side. Currently he is writing in-depth profiles and fascinating investigative stories for Institutional Investor. Previously, he oversaw corporate finance coverage as News Editor at The Wall Street Journal. At Bloomberg News Richard covered hedge funds, investment banks, and the financial crisis. His investigative reports examined the TARP bailout, the disclosure of nonpublic information by the U.S. Treasury Department to market participants, and the New York Federal Reserve Bank's role in the AIG takeover. On this podcast, we talk about Richard's book, the obvious mental issues you need to have to be an activist short seller, and some potential topics for a new book for Richard that range from the history of short selling to a biography of AOC. The Packs also uncovers some of Richard's investigative techniques, and hears who were the most memorable interviews he's done, and others that he would like to forget.    Sit back, have a drink, and enjoy.. Links   https://www.linkedin.com/in/richard-teitelbaum-17b27517/   https://www.amazon.com/Most-Dangerous-Trade-Billions-Bloomberg/dp/1118505212  

Chris Russo is a post-graduate research fellow in the Monetary Policy Program of the Mercatus Center at George Mason University and is a former economist at the New York Federal Reserve Bank. He re-joins Macro Musings to talk about the growing concerns over the US debt ceiling, what it could mean for the economy, and how to fix the issue.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Chris's Twitter: @RussoEcon Chris's Mercatus profile: https://www.mercatus.org/scholars/christopher-russo Chris's Github site: https://christopher-russo.github.io/about/   Related Links:   *Permanently Suspend the Debt Limit* by Christopher Russo https://thehill.com/opinion/finance/553827-permanently-suspend-the-debt-limit   *What the Fed Will Do if Congress Doesn't Fix the Debt Ceiling* by Christopher Russo https://www.barrons.com/articles/inside-the-feds-playbook-for-a-dollar-default-51622055588   *America's Need to Pay Its Bills Has Spawned a Political Game* by Jim Tankersley https://www.nytimes.com/2021/09/26/business/economy/america-debt-limit-political-game.html   David's blog: macromarketmusings.blogspot.com David's Twitter: @DavidBeckworth

Recent national data shows Black businesses were more likely than businesses overall to close during the pandemic. Organizers of multiplelocal pop-up marketplaces are finding one way to support Black-owned businesses moving forward. --Feven Gerezgiher reports:Recent national data shows Black businesses were more likely than businesses overall to close during the pandemic. According to the New York Federal Reserve Bank, Black businesses were already at a disadvantage due to their lack of access to capital or federal relief funds.Organizers of multiple local pop-up marketplaces are finding one way to support Black-owned businesses moving forward. Seanie Sheppheard runs a directory of black-owned businesses called the MN Black List, and co-leads a monthly marketplace called The Black Market in Minneapolis. Sheppheard says after George Floyd's death last year, there was a wave of support to “Buy Black.” But many people didn't know where to look to find Black-owned businesses. “Our mission at the Black Market is to increase the visibility of black owned businesses, so that people know about them, that they have a platform to learn and to meet the different business owners and different service providers,” says Sheppheard.She says the marketplace also serves as a supportive space for over 70 vendors.“We curate our events and our markets in a way where you can feel our culture. You also have good food cooking, you're going to hear the music, you know, you're going to feel the vibe of black community while you're there.”Laura Preston - who is white - co-organizes the Black Business is Beautiful market in Saint Paul. She says creating the marketplace was a way to support BIPOC business, but also a way to bridge communities. “Our biggest goal for this market is to use our network and our platform and our privilege to bring in white shoppers to spend their dollars and have an amazing experience with Black entrepreneurs and business owners,” said Preston. “So that they can literally look their bias in the eye, have a great experience, and walk away feeling like ‘okay, they're people. We're all just people'.” The next Black Business is Beautiful market is this Saturday from 11 to 4.

Robert McCauley is a Senior Fellow at the Global Policy Center at Boston University and a Senior Research Associate of the Global History of Capitalism project at the Oxford Center for Global History. Robert also worked at the Bank for International Settlements for 25 years and the New York Federal Reserve Bank for 14 years, and he joins Macro Musings to discuss questions surrounding the global domain of the dollar. Specifically, Robert and David talk about how the US currency rose to prominence internationally in the 1950s, the size and influence of the global dollar zone, dilemmas imposed by dollar demand worldwide, and more.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Robert’s Boston University profile: https://www.bu.edu/gdp/profile/robert-mccauley/ Robert’s BIS archive: https://www.bis.org/author/robert_n_mccauley.htm   Related Links:   *The Global Domain of the Dollar: Eight Questions* by Robert McCauley https://www.bu.edu/gdp/files/2021/02/McCauley2021_Article_TheGlobalDomainOfTheDollarEigh.pdf   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

Chris Russo is a Monetary Policy Program Research Fellow at the Mercatus Center at George Mason University and has previously worked at the New York Federal Reserve Bank. He joins Macro Musings to talk about the work he is doing on tensions between the Fed and the Treasury’s management of their respective balance sheets. Specifically, David and Chris discuss what these tensions are and what fixes can be implemented to ameliorate the existing plumbing issues.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Chris’s Mercatus profile: https://www.mercatus.org/scholars/christopher-russo Chris’s Github site: https://christopher-russo.github.io/about/   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

Emily Kernan Rafferty, President Emerita of The Metropolitan Museum of Art, served for 40 years at the Museum: as chief of institutional advancement, Senior Vice President of External Affairs, and as President from 2005 to 2015. As President, she was the Museum's chief administrative officer, supervising a staff of 2,000 full- and part-time employees and volunteers. Ms. Rafferty's global experience took her to more than 50 countries as she worked with government and private sector officials on initiatives involving funding, marketing, international art loans, legislative affairs, and cultural issues. Ms. Rafferty served as a Board member of the New York Federal Reserve Bank (2011-2017; Chair, 2012-2016); as Chair of NYC & Company, the city's official tourism and marketing organization, from 2008-2020, where she continues to serve on the Executive Committee; and as a UNESCO Senior Adviser for Heritage Protection and Conservation (2015-2017). She is a Board member of the National September 11 Memorial & Museum (2005-present; Vice Chairman, 2019-present), Carnegie Hall (October 2018- present), Civitella Ranieri's Artist Residency Program (2018-present), the Hispanic Society Library & Museum (2019-present), and the Association of Art Museum Curators (2019-present). She also serves as a Board member of PJT Partners (2015-present) and Koç Holdings, Istanbul (2018-present). An Advisory Board member of the Bipartisan Congressional Commission for the feasibility of an American Museum of Women's History in Washington, D.C. (May 2015-December 2016), she continues to serve as an advisor to the project, which received Congressional approval to proceed as part of the Smithsonian in December 2020. As principal of Emily K. Rafferty & Associates, she currently consults for several organizations, including Russell Reynolds Associates, serving as a Senior Advisor to the Firm in the Non-Profit Sector and independent clients. She is a member of the Advisory Council of the American University of Beirut and a member of the Advisory Board of The European Fine Arts Fair (TEFAF). She served as a Hauser Leader at Harvard Kennedy School's Center for Public Leadership (Fall 2019). A member of the Council on Foreign Relations, she also lectures widely on topics relating to non-profit and board governance issues, fundraising, and cultural heritage. The recipient of many awards and honors, Ms. Rafferty was named by Crain's New York Business one of New York City's 100 most influential women over a five-year period, and in Fall 2015 she was elected to its Hall of Fame. She is a recipient of New York University's Lewis Rudin Award for Exemplary Service to New York City, a Lifetime Achievement Award from the 9/11 Memorial and Museum, and was recognized as a Living Landmark by the New York Landmarks Conservancy. Don't forget to check out my book that inspired this podcast series, The Caring Economy: How to Win With Corporate Social Responsibility (CSR). --- Support this podcast: https://anchor.fm/toby-usnik/support

Die Frage nach den langfristigen politischen Folgen der Corona bedingten Sondersituation wird von Tag zu Tag präsenter. Ökonomen der New York Federal Reserve Bank liefern jetzt dystopische Antworten.

After the Iraqi parliament vote to end US troop presence, the US is in no mood to discuss abiding by the wishes of the Iraqi government. When Prime Minister Mahdi called Pompeo to discuss terms for US withdrawal, the Trump Administration threatened to seize billions of Iraqi dollars held in the New York Federal Reserve Bank...and to again put Iraq under sanctions. 17 years of war and we're back to square one.

Show Summary: Private Property Society theory was developed by Robert Wenzel as a theory on a type of societal structure that could exist where respect for private property is preeminent. Each property owner is free to set any rules he chooses for his property based on this societal structure. Wenzel sees no role for government laws or government security and has argued that in a Private Property Society competing private security firms would emerge. So, don’t miss this exciting and educational episode with Robert Wenzel! Guest Website: Robert Wenzel Website, Robert Wenzel Mises Institute, His YouTube page is RobertWenzelTalksEconomics.com, Wenzel tweets @WenzelEconomics, Wenzel's Linked-In page is here. Wenzel's Facebook page is here. Wenzel's Gab page is here. Wenzel at Ramapo College is here. Wenzel columns featured at LewRockwell.com, and Wenzel columns at EconomicPolicyJournal.com More About Robert Wenzel: He is author of The Fed Flunks: My Speech at the New York Federal Reserve Bank and Dear Fellow Health Club Member, Please Leave Me the Hell Alone: An economic analysis of the water "shortage" His book, "Foundations of Private Property Society Theory: Anarchism for the Civilized Person" was released in March 2018. He has provided private advisory services to U.S. senatorial and presidential candidates. A popular speaker, his speeches include:"2+2=4" which was delivered before a radical leftist anarchist group in Oakland. California. He also delivered the 2013 Henry Hazlitt Memorial Lecture at the Austrian Economics Research Conference and was a guest speaker at the 2016 H.L. Mencken Conference.Wenzel's EconomicPolicyJournal.com has drawn acclaim from across the political spectrum, including from both former US Treasury Secretary Robert Rubin and former Republican presidential candidate Ron Paul. Music Provided By: Hot Rod Walt & The Psycho Devilles - “This Old Road” The Chop Tops - “Hard Luck” Books Mentioned: Foundations of Private Property Society Theory: Anarchism for the Civilized Person by; Robert Wenzel --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/blastoff/support

Today’s show is a fascinating story about industry insiders who are challenging the state of the banking industry. Last week I published an episode called "Not worth a Continental". If you have not listened to that episode, I suggest you stop today’s show and go listen to that earlier episode first. Today’s show will make so much more sense if you do. The players in the story are James McAndrews, former research director for the New York Federal Reserve Bank., And the Federal Reserve itself on the other side of the table. The Wall Street Journal reported on Friday that The Federal Reserve is pushing back against a new private bank that is suing the central bank for access to its services. The New York Fed filed a motion last Friday in U.S. federal court asking the court to dismiss a lawsuit filed against it last August by TNB USA Inc., a private bank formed in 2017 by James McAndrews, the New York Fed’s former research director. TNB, is a bank chartered in Connecticut, and they sued the New York Fed for taking no action on its request for an interest-bearing account at the central bank like those that member banks have, and which are necessary to obtain Fed services. Under its business model, TNB would accept deposits from large investors and park the money on the Fed’s books to earn interest. The Fed would pay TNB the same rate it pays banks on the money, called excess reserves, they hold at the central bank. TNB would pay a slightly lower rate of interest to its depositors, pocketing the difference while still enabling its depositors to earn more than they might at a conventional bank. The interesting part here is that TNB’s model isn’t novel at all. It’s called arbitrage, and its been at the foundation of the banking industry since the beginning of banking. Loan money at a higher rate, and give deposit interest to depositors at a lower rate. The real issue is that the Fed is loaning money to member banks and then taking back the excess reserves as deposits. TNB is a private bank and not a Fed member bank. Therefore it doesn’t automatically get to take advantage of all the same privileges that member banks do. It’s a closed club. It took an industry insider, James McAndrews to expose the issue and to try and take advantage of the system that was put in place. Think about it. If you could put money on deposit with the Fed, and earn virtually the same rate of interest as you would with US Treasury bills with the zero risk of the Fed defaulting, would you make that investment as a place to park cash? If you put your money at Wells Fargo or Bank of America, you’re going to get 1.44% on your money and you’re locked into to a certificate of deposit. For something even more restrictive, you can get 2.3% at one of the major banks. But imagine if you could get 2.5% and park your money at the Fed and have full liquidity? The point of today’s episode is that there are multiple sets of rule books. If you’re going to be playing the game of finance, recognize that context is very important. It determines which set of rules will apply to you. If you change your context, you can change the game you’re playing altogether. Most people aren’t playing the game because they don’t know the rules.

Ten years ago, in September 2008, Lehman Brothers failed. It marked a decisive moment in the financial crisis, one where the U.S. economy plunged into what we now know as the Great Recession. With such a momentous anniversary approaching (September 15, if you want to mark your calendar), you can expect there'll be a slew of stories that look back at what happened and where things stand. But there’s another anniversary that’s not getting as much attention. Ten years before Lehman, in 1998, the country faced another possible crisis, and at its center was another financial firm, Long-Term Capital Management. LTCM, as it was known, was one of the world's largest hedge funds. But after Russia defaulted on its debt, LTCM faced a near collapse as a result of its investments along with too much leverage (a significant reason behind the financial crisis in 2008). The New York Federal Reserve Bank stepped in and organized a bailout of LTCM with the backing of the largest banks on Wall Street. This week on Money Talking, Rob Cox, Global Editor of Reuters Breakingviews, discusses what we did — and didn't — learn from the global financial crash that nearly was, and what the lasting impacts we can see today.

In the second half of the extended interview, former Federal Reserve chairman Paul Volcker discusses his appointment as president of the New York Federal Reserve Bank of New York, his famous tenure as Fed chair in the 1980s, and some of his thoughts on the current financial system. Hosted by Cardiff Garcia. Visit FT.com/alphachat for a full transcript of the interview. See acast.com/privacy for privacy and opt-out information.