#Cryptocurrency With A Plan!
“The talk is out that there is a huge collapse of the paper money system coming very, very soon. Also, there is talk that your gold and silver will not be useful as grocery stores and such will not take it.
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This character was formerly written 錢, a combination of 金 gold/metal/money and 戔 two halberds. Since 戔 often has connotations of “cutting away/reducing,” and “small amount” by extension, it is often thought that 錢 means “small amount of money.”
Money Monday - King John Short Cross Penny (c.1180-1247)
Obverse: HENRICUS REX [King Henry]
Reverse: ARNAVD ON CANT [Arnaud in Canterbury]
Since it’s Magna Carta’s 800th birthday, we
thought we’d focus on this King John penny today. Don’t be fooled by the Henricus Rex on the obverse though. Both
King John and Richard used their father’s name on coins in a tradition known as
‘immobilised coinage’, something more common in Henry’s native France than
King John of course is most infamous as the villain king in Robin Hood stories, and for attempting to take the English throne while his
brother Richard I was away on the Third Crusade. (Incidentally, he didn’t
actually do that much on crusade and then got himself kidnapped in Germany. He was known
as the ‘Lionheart.’)
John was proclaimed King on Richard’s death in
1199 and then spent the next decade or so losing wars in France, getting
excommunicated by the Pope and provoking rebellions among his barons. One of
these crises resulted in ‘The Great Charter’, better known as Magna Carta.
Magna Carta did not prevent war, and nearly a third of its
contents was deleted or rewritten over the next ten years. What it did do, however, was
enshrine the principle that everyone is subject to the law, even the king, and that
all free men have the right to justice and a fair trial. The most famous
remaining clause is this:
No free man
shall be seized or imprisoned, or stripped of his rights or possessions, or
outlawed or exiled, or deprived of his standing in any other way, nor will we
proceed with force against him, or send others to do so, except by the lawful
judgement of his equals or by the law of the land.
To no one will we sell, to
no one deny or delay right or justice.