Tiberius (14-37AD) Silver Denarius – the Tribute Penny The Financial Panic of 33AD provides one of the few detailed accounts of events recorded by the ancient historian Tacitus (56–117AD) whose primary focus appears to be moneylending. Of course, Tacitus did not personally experience the event of being born well after that event. Tiberius (14-37AD) […]

Obama – End FANNIE & FREDDIE! President Obama after almost 5 years FOLLOWING the taxpayers bailout of the mortgage giants Fannie Mae and Freddie Mac, said on Tuesday that it’s time to end government bailouts for the mortgage industry and for private investors to take a bigger role in the mortgage market. That is kind of […]

  Resolving Globally Active, Systemically Important, Financial Institutions A joint paper by the Federal Deposit Insurance Corporation and the Bank of England   10 December 2012           Resolving Globally Active, Systemically Important, Financial Institutions Federal Deposit Insurance Corporation and the Bank of England     Executive summary   The financial crisis […]

  The Code of  Hammurabi 1795-1750 BC Claude Hermann Walter Johns: BABYLONIAN LAW–The Code of Hammurabi. from the Eleventh Edition of the Encyclopedia Britannica, 1910-1911 The material for the study of Babylonian law is singularly extensive without being exhaustive. The so-called “contracts,” including a great variety of deeds, conveyances, bonds, receipts, accounts and, most important of […]

U.S. Supreme Court IN RE SINKING FUND CASES, 99 U.S. 700 (1878) 99 U.S. 700 (L.Ed.) SINKING-FUND CASES. UNION PACIFIC RAILROAD COMPANY v. UNITED STATES. CENTRAL PACIFIC RAILROAD COMPANY v. GALLATIN. October Term, 1878 APPEAL from the Court of Claims. Appeal from the Circuit Court of the United States for the District of California. The […]

U.S. Supreme Court Pollock v. Farmers’ Loan & Trust Company, 158 U.S. 601 (1895) Pollock v. Farmers’ Loan & Trust Company (Rehearing) No. 898, 894 Argued May 6, 7, 8, 1895 Decided May 20, 1895 158 U.S. 601 APPEAL FROM THE CIRCUIT COURT OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK Syllabus […]

U.S. Supreme Court Flint v. Stone Tracy Co., 220 U.S. 107 (1911) Flint v. Stone Tracy Company Nos. 407, 409-412, 415, 420, 425, 431, 432, 442-443, 446, 456-457 Argued March 17, 18, 1910 Restored to docket for reargument May 31, 1910 Reargued January 17, 18, 19, 1911 Decided March 13, 1911. 220 U.S. 107 APPEAL […]

The Economic Consequences of the Peace, by John Maynard Keynes THE ECONOMIC CONSEQUENCES OF THE PEACE   by   JOHN MAYNARD KEYNES, C.B. Fellow of King’s College, Cambridge   New York Harcourt, Brace and Howe 1920   PREFACE The writer of this book was temporarily attached to the British Treasury during the war and was […]

Real Estate is a difficult market to forecast because it is so localized. The primary trend that emerges which we observed through a couple of decades of monitoring on an international scale was essentially the same pattern that takes place with the rise and fall of nations. As I have tried to explain that there […]

There seems to be great confusion surrounding what is money and what is meant by the term “legal tender”. Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting any financial obligation including taxes.Legal tender is therefore anything which when offered in payment extinguishes a […]