During the early 17th Century, Sweden was rich in copper wealth, producing as much as two-thirds of Europe's copper needs.

In 1644, Sweden started using copper plate money. A 40 pound copper plate was the equivalent of ten dalars worth of silver. The shortcomings of this system are obvious though. The heavy plates were bulky and inconvenient. They were replaced by "certificates" that were exchangeable for an equivalent copper value. The certificates were never considered legal tender in Sweden, but they led to the creation of the first European bank notes.

The first European paper money experiment

Bank notes are considered paper money, but there are other forms of paper money. The first European bank notes were created in 1661 by the Stockholms Banco in Sweden. The bank was founded in 1657 by Johan W. Palmstruch.

This bank note is dated 1666. Palmstruch engaged in dishonest accounting practices and created more bank notes than he could account for. The bank collapsed in 1668.
 

Palmstruch was arrested and imprisoned for "dishonest accounting." The father of European paper money died in prison in 1671. 

"The Fed"

 

 

If you search Wikipedia for "Federal Reserve," you might be surprised to find that there is no such entry. That is because the "Fed" is not an entity; it is a system.

The Federal Reserve Bank of New York is located on 33 Liberty Street. The President is William Dudley It is the largest Federal Reserve bank in terms of assets and volume.

Jaime Dimon is the Chairman of the Board of Directors. The Fed Bank of New York has the largest known gold repository containing nearly a quarter of the entire gold supply, weighing approximately 7,000 tonnes worth 415 billion dollars.

Why is gold so enjoyable to look at?

 

Anyone can achieve a state of financial wealth if they are willing to make the appropriate sacrifices. What kind of sacrifices are appropriate? Working hard, saving, working smart, learning proper investment techniques, understanding accounting systems, learning to discern between truth and ideology, developing math skills, reading, developing courage, etc. Devoting time to money is possibly the most important aspect. Being smart with your time is probably just as important. A money devotee may be found reading something like "Andrew Mellon" or "Modern Money Mechanics." You should be familiar with the thoughts of men like Adam Smith, Milton Friedman, Karl Marx, Benjamin Franklin and J.P. Morgan.

 You should hold a higher understanding of the meaning of terms like capitalism, finance, economy, investment, speculation, yield, dividend, insurance, contract, etc. It is much better to learn these terms for yourself instead of learning about them from others. Unfortunately, there is a wealth of mis and dis-information available on these subjects. Wikipedia provides much valuable information although some of the Wiki information can be incorrect or misleading. That is why it is so important to have an effective method to help you discern between reality and false ideology. Everything needs to be double-checked and confirmed. Never use a single source.  This is a critical key and is also one of the most difficult of all achievements. As humans, we are inherently fallible. In fact, we are surrounded by fallacies, but one can minimize this facet as opposed to developing it or enhancing it with a failed ideological perspective.

 

Notes of the Confederacy

 

Moneygasm

The following incredible photos come from a Southern California estate sale that was listed on Craigslist today. This is the most stunning private money collection I have ever seen (except for professional dealers.) The following photos are just a small part of the collection.

 

90% of options traders lose money. Over 100 years ago, editor Charles Dow publicly called for an end to the practice in the Wall Street Journal.






 

Thomas Watson ran for President in 1904 as a candidate for the Populist Party. The Populist Party was a short lived party that was created in 1876 by farmers protesting low agriculture prices. The Populists believed that the political system had fallen under the control of the bankers and rich businessmen and acted against the interests of ordinary people. Famous advocates like William Harvey and William Bryant Jennings sought financial reform and advocated to repeal the 1873 Congressional Act that demonitized silver. Despite much popular support, the populists were unable to compete as a third party and their influence began to decline in the 30s. Roosevelt's New Deal spelled the end of the Populist Party.

Some quarters

The animals don't need money. They are pushed to act through their nature. Human beings need money. Without money, nothing can be done. No bridge can be built, no highway can be paved, no product can be sold, no food can be grown. Money is the controller of human activity. It is representative of human instinct. Money trancends human energy and material energy. It is neither, yet both. It is the in between the two.
Do not mistake money for material energy (goods and services.) Those who worship materialism are devoted to the fullfillment of goods and services. They are blinded by their desire for material satisfaction. Most human beings fall into this category.

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