
Grey
@jgreyfriend • 21,190 subscribers
Building cool stuff. Co-Founder @trykashu. Systems engr
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A “duck hunting trip” was planned. In November 1910, Senator Nelson Aldrich, head of the National Monetary Commission, arranged a meeting. But it wasn’t in Washington. It was on Jekyll Island, Georgia, owned by J.P. Morgan and other elites. Aldrich gathered 5 men. All boarded a private train using fake names.
Grey1,389,168 次观看 • 9 个月前

Why the secrecy? Because if the public knew private bankers were designing a central bank, it would’ve been political suicide. "We were as secretive as conspirators... we knew that what we were about to do would be criticized." – Frank Vanderlip So they used first names only. Staff were dismissed. No press allowed.
Grey1,131,293 次观看 • 9 个月前

What did they actually create? In 9 days on Jekyll Island, they drafted a blueprint: • A national reserve system • 15 regional Reserve Banks • A central governing board • Ability to expand/contract currency supply • Privately owned but federally supervised It wasn’t called a “central bank”, too controversial. Instead: The Federal Reserve System.
Grey966,375 次观看 • 9 个月前

So what does the Fed do? Today, the Federal Reserve: • Controls interest rates • Regulates banks • Prints (and retracts) U.S. dollars • Acts as lender of last resort • Backs over $20 trillion in money, credit, and liquidity It is the most powerful financial institution in the U.S. and possibly the world.
Grey689,988 次观看 • 9 个月前

In 2021, Stanley Druckenmiller explained how he compounded at 30% for 30 years straight. He broke down why: - Winning isn’t about being right - Markets reward puzzle-solvers - Entitlements threaten youth 12 lessons from Druckenmiller on markets, risk and the future of America:
Grey245,322 次观看 • 3 个月前

But is it truly public? Or private? This is still debated. • The Fed is a public-private hybrid • Regional Fed banks are privately owned by commercial banks • But the Fed Chair is appointed by the President • Congress provides oversight but cannot dictate policy That hybrid structure began on Jekyll Island.
Grey608,844 次观看 • 9 个月前

Today we announce Kashu to the world, having raised exactly $0. We built Kashu for a simple reason: businesses should not have to wait on their own money. Kashu is the first B2B payment platform of its kind, letting you access your credit and move capital with ease. Trillions in credit lines sit unused. 80% of Americans have credit cards. Millions of SMBs face constant cash flow pressure. We turn that credit into usable capital. Pay suppliers. Cover payroll. Float inventory. Move faster. This is a new layer for how money moves. Welcome to Kashu.
Grey38,575 次观看 • 1 个月前
