The Forgotten American(The Reign of Henry VIII, a Study of Squanding an Inheritance and Government's Time Honored Tradition of Debasing Currency) by Terrance Mann
The Forgotten American by Terrance Mann
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.Tell me what you want from me
.Tell me what you want from me
.Tell me what you want from me
.Tell me what you want from me
.Tell me what you want from me
.
," and this was yet another "brick in the wall" cementing Western man into a master/slave relationship with a pharaoh, Caesar, or a king of England.
,such as shipbuilding to develop more trade abroad. Henry VII's policies were sensible and boring but efficient. The slow and steady building of the economy led to a strong nation-state for England.
money runs out, and those who are addicted to certain expectations of living run to the credit card companies to keep up appearances at 18 percent compounded daily
,but governments have other time-honored traditions in which inflation is passed on to the working man or woman. The debasement of the currency is a hidden tax passed on
,the first user, the government, pockets the difference in the value at the expense of the last user, the working citizen. Most of the time, a central bank is at the center of currency debasement, but Henry VIII didn't have such a bank. As much of my readership may recall
,almost 300 years earlier,
British subjects won limited individual rights and representative government upon King John's signing of the Magna Carta. Still, Henry VIII had another option to exercise, merely reducing the silver content of the coinage bit by bit. Over a period of 25 years, reducing the silver content and creating more money didn't seem so financially painful
,as 25 years and an entire Biblical generation passed before the cost of goods and services rose noticeably. Of course, the easy credit of today makes the pain go away for now(?) as well.
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