Goldman-Sachs man William C. Dudley is posted at the top of the Federal Reserve Bank of New York. Recently he gave a major speech at the Virginia Military Institute. At the end, he accepted questions from the audience. One man asked Mr. Dudley a pointed question (53:19) about one customer, Germany, experiencing a delay in getting their gold back. A syllable-by-syllable transcription follows: William C. Dudley: Okay. Last question, please. Questioner:  You don’t store a lot of gold. WCD: Ha ha ha. Yes, we do. I think the Federal Reserve Bank of New York is the largest gold depository in … Continue reading

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 “We are surely a kinder and gentler nation because of you, and we can’t thank you enough,” President Obama told ex-prez GHW Bush at a July 2013 White House ceremony. What to make of the event depends on how you look at things.  Crime, especially the violent variety, peaked in the 3rd year of the Bush I the presidency and entered a steady year by year decline. By 2014, rates were down to 1962 per capita levels. American has cleaned up its act over the last quarter century going by available figures. Unfortunately, the yardstick is only ever exactingly applied … Continue reading

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