"Fraud can creep into any business. A banker, seeing other people’s gold sitting idle in his vault, might think, “What is the point of taking gold out of the ground from a mine, only to put it back into the ground in a vault?” People are writing checks against it and using his banknotes. But the gold itself seldom moves. A restless banker might conclude that, even though it might be a fraud on depositors (depending on exactly what the bank has promised them), he could easily create lots more banknotes and lend them out, and keep 100% of the interest for himself.
"Left solely to their own devices, some bankers would try that. But most would be careful not to go too far, since the game would end abruptly if any doubt emerged about the bank’s ability to hand over gold on demand. The arrival of central banks eased that fear by introducing a lender of last resort. Because the central bank is always standing by with credit, bankers are free to make promises they know they might not be able to keep on their own."
--Doug Casey
Serious numbers of migrants arrived in Massachusetts from 1630 - 1640. Roughly 21,000. By 1700 they had become 91,000. Their immediate priorities: having families, building farms, forming towns, and building institutions Old England never developed on local levels. But the new Americans didn’t just reproduce the country they left. They built institutions England didn’t yet have.
Year 1 — a seagoing vessel launched at Medford, 4 July 1631. The shipwrights had been sent out in 1629, ahead of the fleet.
Year 4 — representative government. Elected deputies sitting in the General Court.
Year 6 — Harvard. £400 voted for “a schoale or colledge.”
Year 8 — a printing press, the only one in British North America. Glover died on the voyage out; his widow Elizabeth moved the operation to Cambridge and got it running.
Year 10 — the Bay Psalm Book, the first book printed in America.
Year 11 — the Body of Liberties, read aloud at every General Court.
Year 12 — the 1642 law: every ...
Eph 3:20 Now to Him who is able to do exceedingly abundantly above all that we ask or think, according to the power that works in us,
Eph 3:21 to Him be glory in the church by Christ Jesus to all generations, forever and ever. Amen.
This is the cultural shift we were told would never happen. But 3D-printed fake meat and fish have officially hit American grocery stores. The U.S. retail launch of the PERFECTA brand introduces 3-D-printed meat and seafood to grocery stores across the Northeastern United States.
The packaging DOES NOT disclose that the company’s products are manufactured using 3D-printing technology. Instead, beautiful photos on the packaging make the five products look real and irresistible.
“Marbled Steak”
“Filet Mignon”
“Chicken Breast”
“Salmon Patties”
“White Fish Patties”
In small print: “premium plant-based meat.” Ingredients: soy flour, rapeseed oil, modified starch, methylcellulose, xanthan gum, locust bean gum, and artificial meat coloring designed to imitate the appearance of beef.
-Nicholas Hulscher