Category Archives: The History of it All

In 1690, Massachusetts Bay Colony embarked upon a short-lived experiment in unbacked paper money. It did not go well. George Washington – surveyor, farmer, soldier, and statesman – never thought of himself as an economist but experience taught him a … Continue reading →

As we reach the end of the year we find it of interest to study and understand the history of gold manipulation and its effect on global economics. ~ Ed. By the end of 1925, Montagu Norman and the British … Continue reading →

The United States government has effectively defaulted on its obligations four times in history. It happened to the Continental Dollar in 1779, the Greenback during the Civil War, the 1934 Liberty Bonds, and Nixon breaking away from the gold standard … Continue reading →

Remarks in Congress: AN ASTOUNDING EXPOSURE Quotations from several speeches made on the Floor of the House of Representatives by the Honorable Louis T. McFadden of Pennsylvania. Mr. McFadden, due to his having served as Chairman of the Banking and … Continue reading →

Fifty years ago this Sunday, the gold market was completely transformed in only a matter of minutes after then-president Richard Nixon decoupled the U.S. dollar from the precious metal. Although gold is no longer an official global currency, analysts note … Continue reading →

…but he was “no Crook!” Since August 15, 1971, the US dollar has been completely severed from gold. President Richard Nixon suspended the most important component of the Bretton Woods system, which had been in effect since the end of … Continue reading →

Gold Coinage of the Latin Monetary Union After Brexit, there has been a growing number of voices within the European Union and among various nationalistic groups arguing that English should be replaced as the official language since now only Ireland … Continue reading →

Discover 3 of the largest gold nuggets ever found on earth and the stories behind their discovery… THIS is the story of Our banner image … Gold. Its story is our story. Its discovery drove, inspired and expanded America, paving … Continue reading →

Economical Documentary on the international financial system, Gold, Dollar, Money. In 2008 the world experienced financial turmoil. Markets crashed, stocks plummeted, and financial institutions thought to be invincible, collapsed. Was the financial crisis solved or were the problems merely kicked … Continue reading →