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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
Morgana’s Treasure Chest
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Category Archives: Out of the Past
~ 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
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
“If you want to know when a society vanishes… watch money. Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of moral existence.” ~ Ayn Rand Paper currency was introduced by … Continue reading
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.
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
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
“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
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