Monthly Archives: May 2022

President John Fitzgerald Kennedy was assassinated by gunfire as he traveled in a motorcade in an open-top limousine in Dallas, Texas, on Friday, November 22, 1963 (12:30 pm, CST); Texas Governor John Connally was wounded during the shooting, but survived. … Continue reading →

To them, one tragedy is just as good as another, because with everyone talking about Boston and Sandy Hook and Aurora, no one is talking about the biggest banking scandal in history, now ongoing, which will dwarf the second biggest … Continue reading →

The Bank of England, is the central bank of the United Kingdom and the world’s eighth-oldest bank. It is the model on which most modern central banks have been based. The Royal Charter was granted on 27 July 1694, through … Continue reading →

Fractional reserve banking predates the existence of governmental monetary authorities and originated many centuries ago in bankers’ realization that generally not all depositors demand payment at the same time. In the past, savers looking to keep their coins and valuables … Continue reading →

The Federal Reserve System—also known as the Federal Reserve or simply as the Fed—is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response … Continue reading →

Prior to the 17th century most money was commodity money, typically However, promises to pay were widely circulated and accepted as value at least five hundred years earlier in both Europe and Asia. The medieval European Knights Templar ran an … Continue reading →