There was a first, second, and the current Federal Reserve.  The second was called, “The President, Directors, and Company of the Bank of the United States.”  It was chartered by James Madison in 1816, for a 20 year life, and was supposed to expire in 1836.  The bank was a private corporation which handled all […]

The “Morgan” silver dollar contains .7874 oz of pure silver, was minted from 1878 to 1904, and again in 1921.  It’s a beautiful coin, designed by George T. Morgan, a Brit, who was only 30 at the time, but who eventually became the U.S. Mint’s Assistant Engraver.  The obverse has the face of a woman, […]

The Last thing anyone should do, is invest in a failing institution or in a company denominated in failing currency.  The media is full of the ‘fact’ that China’s exports are down by 20%, but that their economy is still booming at a 6.5% a year increase.  This is while ours in the last calendar […]

The ‘penny’ originated in AD 790 in Britain, called the ‘Pence” and were a hundredth of a pound, like today’s pennies are a hundredth of a dollar.  “A penny saved is a penny earned,” was a phrase invented by Benjamin Franklin, and he published it in his Almanac.  Franklin also designed a penny called the […]