Category Archives: Out of the Past

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

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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

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What’s the track record of paper currencies?

“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

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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.

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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

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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

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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

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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

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