MONETARY HISTORY CALENDAR July 14 - 20 ---------------------------------------------- JULY 14 1833 – DEATH OF WILLIAM M. GOUGE, ADVISOR TO PRESIDENT ANDREW JACKSON, EDITOR OF THE PHILADELPHIA GAZETTE, PUBLISHER OF THE “HISTORY OF THE AMERICAN BANKING SYSTEM” AND A “FISCAL HISTORY OF TEXAS” The large extent of bank influence is not easily seen. We seldom see an identified bank or a money corporation candidate running for office; but when questions arise which affect them, the banks have agents at work, whose operations are the more effective because they are unseen. JULY 16 1979 - FEDERAL RESERVE BANK OF SAN FRANCISCO AD FOR COMPUTER PROGRAMMERS IN COMPUTERWORLD MAGAZINE Some people still think were a branch of the Government. Were not. [Note: You can’t get any clearer or more succinct than this!] JULY 17 1780 – BANK OF PENNSYLVANIA ESTABLISHED Pennsylvania first introduces public banking in the colonies. The state owned the bank and issued its own paper scrip, which it lent to farmers. 1862 – PASSAGE OF POSTAGE CURRENCY ACT The act authorized the issuance of 5, 10, 25, and 50 cent notes – which were needed to substitute for gold, silver and copper coins which were hoarded. These fractional currency US debt-free notes, sold in perforated sheets like stamps, were redeemable by the US Post Offices at face value in postage stamps until 1876. JULY 18 BIRTH OF STEPHEN ZARLENGA, DIRECTOR, AMERICAN MONETARY INSTITUTE, AUTHOR, THE LOST SCIENCE OF MONEY We propose that ultimately the monetary power should be constituted as a fourth branch of government, like the executive, judicial and legislative branches. We have concluded that the nature of man and society requires four, not three, branches of government. True monetary reform must take a better path. AMI’s research indicates that money, properly defined, is a legal institution of society and government; not a commodity or economic good of the markets; that if money is a legal institution, then the control of monetary systems can be rightfully viewed as a proper function of government; much as the law courts are.” When society loses control over its money system, it loses any control it might have had over its destiny. ----------------------- Why this calendar? Many people have questions about the root causes of our economic problems. Some questions involve money, banks and debt. How is money created? Why do banks control its quantity? How has the money system been used to liberate (not often) and oppress (most often) us? And how can the money system be “democratized” to rebuild our economy and society, create jobs and reduce debt? Our goal is to inform, intrigue and inspire through bite size weekly postings listing important events and quotes from prominent individuals (both past and present) on money, banking and how the money system can help people and the planet. We hope the sharing of bits of buried history will illuminate monetary and banking issues and empower you with others to create real economic and political justice. This calendar is a project of the Northeast Ohio American Friends Service Committee. Adele Looney, Phyllis Titus, Donna Schall, Leah Davis, Alice Francini and Greg Coleridge helped in its development. Please forward this to others and encourage them to subscribe. To subscribe/unsubscribe or to comment on any entry, contact monetarycalendar@yahoo
Posted on: Mon, 14 Jul 2014 14:25:41 +0000
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