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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Broken_Clock who wrote (83107)8/13/2008 11:32:03 AM
From: Oblomov  Read Replies (2) of 116555
 
Washington never wanted his image on a coin. He thought that a free people should not put images of their rulers on their coinage. It was what the Romans did for Augustus Caesar.

His wishes were ignored in 1935, when the government decided to commemorate the bicentennial of Washington's birth by putting his image on the quarter. Then came Lincoln, Jefferson, Roosevelt, Kennedy, Eisenhower-- rulers from our golden, silver and bronze ages.

Our money used to feature images of Columbia (also referred to as Liberty), an indian head, buffaloes, fronds of wheat...the emblems of a simple, energetic, productive people. Now we engage in ancestor worship. It's symptomatic of the death of the social institutions that built and sustained the country.
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