The west indies utilized seashells with great success until the British and their large ships dredged up shells farther out than dugout canoes could reach, then took advantage of the system and taught the natives a valuable lesson. The same with the Native Americans with their beads, when the colonies purchased modern day Manhattan for the equivalent of $24 in beads. The Romans learned when they lost the loyalty of their armies by adding alloys to gold and silver coins. India, during their tulip mania and the Weimar Republic when the wealth of an entire nation was destroyed. The commonality learned among these examples is that cheap and easy money could not retain perceived value, because cheap and easy money always led to an inflationary debasement and consolidates the wealth of nations (common people) into centralized parties. Posterity will look back on the U.S. and creation of the federal reserve in the same light

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