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The Mark Moss Show Nov 9, 2022

The Mark Moss Show

00:00

The History of the Central Bank

In 1694 the Bank of England was the first bank Central bank to issue what was known as bank notes Instead of coins. The way this got started is amazing I'm going to tell you a quick little story You can understand the insanity of this And so gold had been money for 5,000 years Obviously went from a barter system Into like a gold system we had coins Which was the point I was making We had these gold coins But what happened is is that If If they were put to death They're put to death But it didn't matter The truth was too powerful A standing army who was no match For a good idea of time was come So the truth won out and more and more

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