title: Print: The Central Bankers Bubble
author:  Lindsay David 
description: <i>"Print: The Central Bankers Bubble" </i>is an outstanding read that is likely to be studied long after the next GFC hits regardless of its severity and scope. (Tony Locantro- <i>Locantro Asset Management</i>)<div></div><div><i>In order to shape the future we need to understand the lessons of the past.</i> An enjoyable and accessible read for practitioners and amateurs alike on a subject where an understanding of historic and practical/reasonable policy applications are both hugely important. (Chris Bailey, <i>Financial Orbit</i>)</div>
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  The Housing Bubble and the Banking Crisis for non Economists
  
  
  by Iakovos Alhadeff
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
    
  First of all, I must say that this document is about private banks and not
  about central banks. Central banks are a very different story. They are the
  governments’ banks. Their shares might trade in the stock market, but their
  chairman and board of directors are always and everywhere appointed and
  controlled by the government. In other words, the people that take all the
  important decisions, especially about monetary policy, are appointed by the
  government. The chairman of the Federal Reserve Bank for instance, i.e.
  Bernanke, is appointed by the president of the United States of America, and
  he is subject to the Congress’s approval. Central banks are not the subject of
  this document though, and I do not wish to spend more time on them. However
  the following, is a very useful link about central banks and conspiracy
  theories.
  
  
  
  
  
  [http://www.publicey