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Category Archives: History
2011 Earthquake Visualization Videos
Here’s a couple very well done earthquake visualization videos for 2011. It’s one thing to say Japan is prone to earthquakes but it’s quite another to see it. With 52 reactors operating in such a seismically active area it’s no surprise that an earthquake triggered a … Continue reading
Posted in History, Uncategorized
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Tuppence In The Bank
Now for a charming and nostalgic look back at how banking used to be. It was a simple business then; banks would take in customer deposits and make loans with the depositor’s money. The difference between what the banks charged for the loans and the … Continue reading
Posted in History, Uncategorized
Tagged banking, Debtmoney, economic theory, economics, Money
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Fukushima Update, 8 Months Later
On March 11, 2011 Japan was struck by a major 9.0 earthquake and the Fukushima Daiichi nuclear power station, consisting of six nuclear reactors and 40+ years of accumulated spent nuclear fuel, was destroyed. There’s been considerable debate over whether the “loss of … Continue reading
Posted in History, Uncategorized
Tagged Fukushima, Japan, Melt down, Nuclear power, Radiation, spent nuclear fuel, Tepco
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Thomas Jefferson
Thomas Jefferson was one of our nation’s primary “founding fathers”, author and signer of the declaration of Independence, third President Of The United States (from 1801 to 1809), and staunch opponent of Alexander Hamilton’s central bank, the First Bank of the United States. … Continue reading
Let Them Eat Cake
The time was just prior to the French revolution and the peasantry was suffering. It’s been said that upon hearing the people had no bread the French Queen Marie Antoinette quipped “Let them eat cake”. The causes of the of the French revolution … Continue reading
As good a story as any of them.
I’ve seen many different versions of this story and this one is just as good as any of them. At least we don’t have to see the birth certificate thing in the headlines anymore. Always be sure and buckle-up.
Posted in History, Uncategorized
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What is Money? Merchant tokens, gift cards, scrip and credits
Previously we at looked government scrip and coin with intrinsic metallic value. Now let’s take a look and private issue money. Imagine a town or camp in a remote location. A company town engaged in logging, saw milling or mining. On payday the only … Continue reading
Money Part 4, Depression Scrip
1933 is an interesting year in the monetary history of America. The presidency of Herbert Hoover (1929 – 1933) was ending and you can surely bet he was very happy to be getting the heck out of the Whitehouse. During his single four-year term … Continue reading
What Is Money part 3. Federal Reserve Notes (FRN’s)
In parts one and two we looked at coin, scrip redeemable in coin and pure scrip. In part three we’ll look at the scrip we use today, Federal Reserve Notes. To understand what a Federal Reserve Note is it helps to understand what the … Continue reading
What Is Money part 2. United States Notes
In part one we looked at coin, warehouse receipts and Silver Certificates. Now we’ll look at United States Notes , another kind of money once issued by the United States Treasury. In 1862 the Civil War was raging and Abraham Lincoln needed lots of money to wage … Continue reading
Richard Gessford Blog 