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11
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What I have been afraid to blog about:
Part 1: Thank you. -------------------------------- Links to material covered in video: INTRO (part 1) Exchange Stabilization Fund — Introduction (Treasury' s website) Above a Chinese Cafe, GAO Men Investigate Secret Treasury Unit (Wall Street Journal, Jan 28, 1971) Us Treasury Has Control-free 'kitty' (St. Petersburg Times, May 24, 1976) Two Billions Secretly Used By Treasury (Gettysburg Times, Dec 7, 1940) -------------------------------- The ESF's official purpose is defending (stabilizing) the value of the dollar Google Archive News results for "exchange stabilization fund" Exchange Stabilization Fund - Fedpoints (New York Fed's website) U.S. Bought $1 Billion During March Yen Intervention (Business Week, May 13, 2011) TREASURY SETS UP TWO-BILLION FUND FOR STABILIZATION (New York Times, May 1, 1934) Google Archive News results for Inflation or deflation debate -------------------------------- The ESF operates FROM WITHIN the New York Fed Exchange Stabilization Fund - Fedpoints (New York Fed's website) Exchange Stabilization Fund - Finances and Operations (Treasury's website)  Dollar's Defense (Wall Street Journal, Mar 1, 1962) Fed to lend $85 billion to AIG, take 80 percent stake (Reuters, Sep 16, 2008) Secret Banking Cabal Emerges From AIG Shadows (Bloomberg, Jan 28, 2010) -------------------------------- The ESF has authority over all International Monetary Affairs Exchange Stabilization Fund - Relations with the Federal Reserve (Treasury's website) Exchange Stabilization Fund — Introduction (Treasury' s website) The Fed Debate in the 1960s over Sterilized Foreign Exchange Intervention (Richmond Fed' s website) William McChesney Martin, Jr. (From Wikipedia) US Fed launches four new currency swap lines (Reuters, Oct 30, 2008) AIG borrows $90.3 billion from Federal Reserve (Reuters, Oct 24, 2008) Intervention: Simple but Secret (New York Times, Jan 7, 1988) Google Archive News results for McCain takes lead over Obama: poll McCain takes lead over Obama: poll (Reuters, Aug 20, 2008) Questions for Mr. Geithner (New York Times, Dec 14, 2008) White House Insider: Eric Holder Is Gonna Fall (Newsflavor, May 9, 2011 ) -------------------------------- The ESF keeps a low profile using the Fed as a front. Get Briefed: Dr. Ron Paul (Forbes, Jan 11, 2010) U.S. Monetary Authorities Intervened in FX Markets during the First Quarter (New York Fed's website, May 13, 2011) Google Archive News results for "US monetary authorities" System Open Market Account - Fedpoints (New York Fed's website) Fed takes heat on AIG from both sides of Congress (Reuters, Sep 22, 2008)  -------------------------------- Hijacking the Fed FRASER » Federal Reserve Archival System for Economic Research Author(s): United States. Congress. House. Committee on Banking and Currency Title: Gold Reserve Act of 1934: Hearings on S. 2366 Citation: Senate Committee on Banking and Currency, Jan 19-23, 1934. - pp. HEARINGS ON THE GOLD RESERVE ACT OF 1934 (Fed' s website) 
About Me In October 2007, while I was looking up information about the subprime crisis, I read some articles about bond insurers, SIVs, and how credit ratings worked. I remember thinking to myself: "I can't believe this! the US financial system is an enormous ponzi scheme." I went short the market and sent out emails to my family and friends warning of a market crash. Since then, I have closely followed what's been happening in the economy, because I believe the best way to understand something is to watch it fall apart. I started my blog, MarketSkeptics.com, in September 2008. Since I was regularly sending out warning emails, I decided to post these warnings online and earn some ad revenue. Understanding the big picture about the fundamentals driving the economy is key to predicting broad trends in the market and finding attractive investment opportunities.
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After months of work, the video series on the Treasury's Exchange Stabilization Fund is finally finished! 
MarketSkeptics aims to provide insights by taking a hard look at the economy and financial system while ignoring the mindless optimism found on Wall Street. To this end, MarketSkeptics will closely monitor economic/political developments around the world, the government's various market interventions (bailouts), the state of the job/housing markets, and other current economic indicators (inflation, Libor, etc).