Summer Newsletter 2020

At current market value The Fed hold
$283,985,129,500 and 50 cents worth of gold.
They hold it on behalf of the US government and
other “parties” they were not allowed to divulge to
us.
We followed this with a walking tour of the
Financial District, taking in Wall Street, the 9/11
Memorial Gardens and the famous Charging Bull
statue.
On day two, we headed to the Uber-trendy Soho
district of Manhattan to meet with John Fisher
old-boy Piers Fawkes. Piers is the founder of PSFK,
a business that is a membership-based platform
which provides personalised trends intelligence
and research to the retail industry. Piers provided a
very engaging talk and took a series of questions in
the conference room of PSFK’s Soho loft. The boys
were very impressed by Piers, with one or two of
them interested in how they themselves could
make it from JFS to NYC.
On day three, we headed for the New York
borough of Brooklyn. This borough has a very
different feel from the bright lights of Manhattan
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and it was a chance for the boys to
see how ordinary people of New York
live their lives. We were going to meet
Michael Rogak of JoMart Chocolates, a
small independent chocolate maker /
confectioner. Michael entertained the
boys with stories of how his father and
uncle established the business, how
he came to “accidentally” follow in his
father’s footsteps (and how his business
competes with chocolate giants such as
Cadbury’s, Kraft and Hershey’s. As ever,
the boys were a real credit to JFS and a
pleasure to spend time with outside of
the classroom.
Mr. Grimes
Head of Economics
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