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~ Quotables ~ "There is no clean way to make a hundred million bucks. Somewhere along the line guys got pushed to the wall, nice little businesses got the ground cut out from under them. Decent people lost their jobs. Big money is big power, and big power gets used wrong. It's the system." ~Raymond Chandler , The Long Goodbye -
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Category Archives: The History of it All
Time to Get Out the Wheelbarrows?
Another Look at the Weimar Hyperinflation It was horrible. Horrible! Like lightning it struck. No one was prepared. The shelves in the grocery stores were empty. You could buy nothing with your paper money. ~ Harvard University law professor Friedrich … Continue reading
1588 ~ A Discourse Upon Coins
~ Forewords ~ It would seem that throughout history, there were those who understood the importance of money – specifically – hard money – gold and silver. Return with us now to this lengthy (translated from the Italian) 1588 dissertation … Continue reading
George Washington’s Error and the Corruption of Banking
President George Washington received a bill that would create a national bank if he didn’t veto within 10 days. National-government power to print money not backed 100% by reserves of gold or silver had been voted down by Washington’s Constitutional … Continue reading
On this day, April 2, 1792…
On this day in 1792, the Coinage Act creates the U.S. Mint and provides for the construction of a new building in Philadelphia. That building was the first federal building to be built under the new U.S. Constitution.
A Civics Lesson on the One-Dollar Bill
Scarcely worth two cents of its once mighty purchasing power the U.S One Dollar bill (once as good as gold) is steeped in history – yet a strange one – with a history of its own… September 27, 2001 ~ … Continue reading
Rome: Money, Mischief and Minted Crises
When it comes to currency, don’t do as the Romans did… Ancient Rome wasn’t built in a day, the old adage goes. It wasn’t torn down in a day either, but a good measure of its long decline to oblivion … Continue reading
Copernicus on the debasement of money
“Although there are countless scourges which in general debilitate kingdoms, principalities, and republics, the four most important (in my judgment) are dissension, [abnormal] mortality, barren soil, and debasement of the currency. The first three are so obvious that nobody is … Continue reading
President Grover Cleveland ~ The Repeal of the Silver Act
Message on the Repeal of the Sherman Silver Purchase Act August 8, 1893 ~ The existence of an alarming and extraordinary business situation, involving the welfare and prosperity of all our people, has constrained me to call together in extra … Continue reading
A Brief History of Banking Control in the United States
The dictatorship of the bankers and their debt-money system are not limited to one country, but exist in every country in the world. They are working to keep their control tight, since one country freeing itself from this dictatorship and … Continue reading
Lincoln and the Bankers (April 12, 1861)
The bankers go to work to start the Civil War. With the Central Bank killed off, fractional reserve banking moved like a virus through numerous state chartered banks instead causing the instability this form of economics thrives on. When people … Continue reading