Category: Historical Events

90th Anniversary of the Statute of Westminster

90 years ago today the Statute of Westminster was passed:

Statute of Westminster gives legal status to the independence of Australia, Canada, Irish Free State, Newfoundland, New Zealand and South Africa.

The Statute of Westminster, passed by the UK parliament in 1931, gave legal recognition to the de facto independence of the dominions. The parliaments of Canada, South Africa and the Irish Free State swiftly passed legislation enacting the statute. Australia adopted it in 1942 and New Zealand in 1947. Newfoundland relinquished its dominion status and was incorporated into Canada in 1949.

Fall Of Civilizations

I can’t begin to describe how good this channel is. The latest installment dropped a few hours ago.

In this episode, find out about one of the most remarkable ancient civilizations: the society known today as the neo-Assyrian Empire. Discover how the Assyrians built their empire out of the ashes of the Bronze Age, and built an empire of iron that lasted for centuries. Explore the extraordinary flourishing of art and technology that they fostered. And finally, discover what happened to cause their final, devastating collapse.

We are living in a blizzard of lies.

Grab a beverage.

Steyn-A Hinge Moment of History

[W]e are more dependent on a handful of woke billionaires to tell us what reality is. They are far more open than ever that they get to determine what are the agreed facts. Google made an explicit announcement about this recently. They said that sometimes they would put warnings on things that are factually accurate because, even though they are true, they do not think it is in society’s interest for people to be seeing it.

El Salvador goes Crypto

El Salvador Becomes First Country To Officially Accept Bitcoin As Legal Tender

El Salvador, whose economy last year suffered its deepest crash in four decades, became the first country to adopt bitcoin as legal tender on Tuesday, a real-world experiment proponents say will lower commission costs for billions of dollars sent from abroad and which could spark widespread adoption among challenged, developing countries suffering from rampant inflation, but which critics warned may fuel money laundering. The revolutionary monetary change – first previewed here in June – means businesses should accept payment in bitcoin alongside the US dollar, which has been El Salvador’s official currency since 2001 and will remain legal tender.

“Hello Chaps, We’d like $3 Billion in Gold”

Exactly 50 years has passed since the US Government famously suspended the convertibility of US dollars into gold on 15 August 1971 in a speech announced by then US president Richard Nixon.

This convertibility of US dollars into gold applied to US dollars held by foreign governments and foreign central banks, which based on the rules of the Bretton Woods monetary system, allowed them to legally show up anytime at the ‘gold window’ of the US Treasury and exchange their excess US dollars for physical US Treasury gold.

There will be much written this month about the 50th anniversary of the closure of the US gold window, but less so about what exactly triggered it and why the timing had to be 15 August.

h/t Adrian

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