In 1996, the US government released a white paper entitled, “How to make a mint: the cryptography of anonymous electronic cash.” Released by the National Security Agency Office of Information Security Research and Technology, this document basically explains how a government agency could create something like Bitcoin or another cryptocurrency. I encourage those interested to […]

As we head into a critical turning point of April 19/20, 2024 in this Proxy War the West has organized against Russia from the outset, Ukraine is on the verge of collapsing. Instead of peace, even after more than 500,000 Ukrainians are dead, the West is out for more blood. The Ukrainian people have always […]

Donald Trump has the mind of a true businessman. Say what you will, but he knows how to turn any situation into a business opportunity. A day after the completely corrupt New York legal system ordered him to pay the government $355 million, Donald Trump appeared at “Sneaker Con” in Philadelphia to launch a limited-edition […]

Businesses are increasingly preventing customers from using cash as NO CASH ACCEPTED signs line Main Street. No federal law requires businesses to accept cash, but some states and cities have implemented laws mandating businesses to do so. COVID accelerated the push toward a cashless society, as physical cash was seen as unhygienic. Then the US […]

Wu Zhu (Chinese: 五銖) is a type of Chinese cash coin produced from the Han dynasty in 118 BC when they replaced the earlier San Zhu (三銖; "Three Zhu") cash coins, which had replaced the Ban Liang (半兩) cash coins a year prior until they themselves were replaced by the Kaiyuan Tongbao (開元通寳) cash coins of the Tang dynasty in 621 AD. The name Wu Zhu literally means "five zhu" which is a measuring unit officially weighing about 4 grams however in reality the weights and sizes of Wu Zhu cash coins varied over the years. During the Han dynasty, a very large quantity of Wu Zhu coins were cast but their production continued under subsequent dynasties until the Sui.

The production of Wu Zhu cash coins was briefly suspended by Wang Mang during the Xin Dynasty but after the re-establishment of the Han Dynasty, the production of Wu Zhu cash coins resumed and continued to be manufactured long after the fall of the Eastern Han Dynasty for another 500 years. Minting was definitively ended in 618 with the establishment of the Tang dynasty. Wu Zhu cash coins were cast from 118 BC to 618 AD having a span of 736 years, which is the longest for any coin in human history.

TANG DYNASTY

The coinage of the Southern Tang dynasty (Traditional Chinese: 南唐貨幣) consisted mostly of bronze cash coins while the coinages of previous dynasties still circulated in the Southern Tang most of the cash coins issued during this period were cast in relation to these being valued as a multiple of them.

There once was a time when cash was the undisputed king. Merchants preferred cash payments over credit, and there were often incentives for paying with paper. I recall receiving lower gas prices when paying with cash, for example. It is increasingly common to see “no cash accepted” signs at establishments as the world moves toward […]

COMMENT: Dear Martin, So refreshing to see some theory regarding silver other than crazy goldbugs claiming JP Morgan artificially putting down t silver prices for XX years. Still what I find interesting is the weakness of the US stock market. Bonds getting dumped, Precious Metals getting dumped, EM’s getting dumped so everyone is just holding USD […]

QUESTION #1: Is this ECASH bill an attempt to do an end-run around the Fed raising interest rates and preparing to default on debt EM QUESTION #2: Martin: Congratulations on your “scoop” regarding ECASH, however…..you have done an extremely poor job of actually describing what it is…who will have it…will it be mandatory for everyone…what […]

  I reported on the Private Blog that I had a copy of the legislation and I was told it would be introduced today – Monday 28th. That info was correct. Well, here it is!. Reps. Stephen Lynch (D-Mass.), Jesús Chuy Garcia (D-Ill.), Ayanna Pressley (D-Mass.), and Rashida Tlaib (D-Mich.), all Democrats, have introduced the […]