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Category Archives: Out of the Past
The German Hyperinflation, 1923
In the mid-1960s, money manager George J.W. Goodman began to write a series of irreverent and witty columns for New York magazine under the borrowed name of capitalism’s founding theorist, Adam Smith. As “Adam Smith,” Goodman went on to write … Continue reading
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One world, One money
A global currency is not a new idea, but it may soon get a new lease of life ~ Foreword ~ In 1998 this Rothschild owned publication claimed we will be under a global currency by 2018. They also correctly … Continue reading
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Why Did These Five Currencies Crash?
Hyperinflation occurs when a country experiences very high rates of inflation, which erodes the real value of the local currency, and causes the population to minimize their holdings of local money. It is argued that hyperinflation often occurs as a … Continue reading
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Money Imperialism
Introduction to the German Edition In theory, the global financial system is supposed to help every country gain. Mainstream teaching of international finance, trade and “foreign aid” (defined simply as any government credit) depicts an almost utopian system uplifting all … Continue reading
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2,000-year-old Roman shipwrecks discovered off the coast of Alexandria
…with stunning gold coins and a ‘royal head of crystal’ Archaeologists have discovered three sunken shipwrecks dating back more than 2,000 years off the coast of Egypt. Among the haul of treasures uncovered in the harbour city of Alexandria, was … Continue reading
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WEIMAR: The Story of the Devastating Currency Collapse That Still Haunts Europe Today
Weimar Germany after World War One went through one of the worst hyperinflations in history, unleashing untold horrors on the German people and their economy. Memories of Weimar still haunt the eurozone today. The European Central Bank, widely considered to … Continue reading
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Monete cudende ratio – Essay on the Coinage of Money (1526)
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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A Myth Concerning Gold Confiscation
Gold confiscation is a subject that divides gold investors. Some say it won’t happen again and others say it will happen again. The one thing they tend to agree on is that they don’t want it to happen again. One … Continue reading
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Archives: Death Penalty for Debasing Currency: US Coinage Act of 1792
As most of you know much of our current law was based on English case law. Hence, this was the Royal Mint’s disposition of counterfeiters and forgers. The methods employed for carrying out the death penalty are appropriate even today.: … Continue reading
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