Sublime

The central relationship that money crystallizes is between lender and borrower.

Lionel Rothschild, a great friend of Disraeli, who made history by financing Britain’s purchase of the Suez Canal in 1875. But it is Lionel’s son, Natty (1840-1915), described by Miriam as gruff, sentimental, and dapper, who ranks as one of the most brilliant financiers of all time. In the popular press he was considered the real ruler of England,

Edward VII ruled the British Empire with a slightly pudgy cigar-stained hand, assuring his subjects that duty was important but so too was fun. “It doesn’t matter what you do,” he said, “so long as you don’t frighten the horses.”

a) cashless intra-bank and interbank transactions b) fractional reserve banking and c) central bank monopolies on note issue, the very nature of money evolved in a profoundly important way.

L’endettement gouvernemental était dû au financement des guerres. Lorsque les monarchies voulaient lever des fonds pour aller faire la guerre, elles empruntaient auprès de familles riches comme les Baring. Les Baring leur faisaient payer un intérêt et le pays était ainsi endetté de façon permanente. Selon Cobbett, c’est Henri VIII qui initia ce sys

Securitization had produced the most toxic financial assets in the world – Fabrice Tourre was just one of an army of financial engineers manufacturing them – and had spread them far beyond the originating banks; revealingly, the near-total collapse of securitization in the course of 2008 was a key feature of the crisis.

Briefly Carleton considered the other man, of whom he’d made such a study he might have been appointed professor of Thomas Studies at the University of Essex. He knew, for example, that Thomas was a confirmed bachelor, as they say, never seen in the company of a beautiful young person or a stately older one; that he had about him the melancholy rel

As per the dominant regime of political economy, the artificial money is introduced to the financial sector by means of “open market operations” in which central banks purchase financial instruments on the market to add to their balance sheets in order either to boost the prices of these assets, lower the borrowing costs of corporations, or both at

Sir Henry Garraway,