The origins of fiat - Bank of Amsterdam

Started by Free Truth, January 11, 2010, 05:39:09 PM

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Free Truth

January 11, 2010, 05:39:09 PM
The Bank of Amsterdam and the Leap to Central Bank Money

"...the origins of fiat money can be traced to an innocuous-looking Amsterdam municipal ordinance of January 31, 1609. Little did the city council then suspect, that by changing the nature of settlement, it would forever change the nature of money."

http://www.aeaweb.org/annual_mtg_papers ... 5_1201.pdf

CrackSmokeRepublican

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January 12, 2010, 12:18:25 AM
That's a great paper there F.T. many thanks.  ;)

-CSR
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan
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