President Trump Presents the Medal of Honor to Sergeant Major Thomas Payne, United States Army

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The White House

36 COMMENTS

  1. Your loving British developed Gold Standard.

    [Wikipedia]
    Gold standard
    https://en.wikipedia.org/wiki/Gold_standard
    1 History
    1.1 Origins
    A formal gold specie standard was first established in 1821, when Britain adopted it following the introduction of the gold sovereign by the new Royal Mint at Tower Hill in 1816.
    The Province of Canada in 1854, Newfoundland in 1865, and the United States and Germany (de jure) in 1873 adopted gold.
    The United States used the eagle as its unit,

    1.2 Silver
    From 1750 to 1870, wars within Europe as well as an ongoing trade deficit with China (which sold to Europe but had little use for European goods) drained silver from the economies of Western Europe and the United States.
    Coins were struck in smaller and smaller numbers, and there was a proliferation of bank and stock notes used as money.

    United Kingdom
    In the 1790s, the United Kingdom suffered a silver shortage.
    It ceased to mint larger silver coins and instead issued “token” silver coins and overstruck foreign coins.
    With the end of the Napoleonic Wars, the Bank of England began the massive recoinage programme that created standard gold sovereigns, circulating crowns, half-crowns and eventually copper farthings in 1821.
    The recoinage of silver after a long drought produced a burst of coins.
    The United Kingdom struck nearly 40 million shillings between 1816 and 1820, 17 million half crowns and 1.3 million silver crowns.

    The 1819 Act for the Resumption of Cash Payments set 1823 as the date for resumption of convertibility, which was reached by 1821.
    In 1844, the Bank Charter Act established that Bank of England notes were fully backed by gold and they became the legal standard.
    According to the strict interpretation of the gold standard, this 1844 act marked the establishment of a full gold standard for British money.

    [Wikipedia]
    Bullion Committee
    https://en.wikipedia.org/wiki/Bullion_Committee
    The Bullion Committee was set up in order to research the possibility of putting Britain onto the gold standard and how to carry it out.
    Sir Robert Peel was the chairman of the committee.
    He managed to put sterling on the gold standard two years earlier than planned. Other members were David Ricardo and Jeremiah Harman Esq.

    [Wikipedia]
    Bank Restriction Act 1797
    https://en.wikipedia.org/wiki/Bank_Restriction_Act_1797
    The Bank Restriction Act 1797 was an Act of the Parliament of Great Britain (37 Geo. III. c. 45) which removed the requirement for the Bank of England to convert banknotes into gold.
    The period lasted until 1821, when convertibility was restored.
    The period between these two dates is known as the Restriction period.

    1 Reasons for restricting
    An increasing number of people were trading their banknotes for gold.
    Due to the overprinting of banknotes, the Bank of England was losing its supply of gold, and due to the gold standard, the value of each banknote was diminishing.

    When news of this event, now known as the Battle of Fishguard, became known in London, a much greater run on the Bank of England was feared, had a large number of holders of banknotes attempted to convert them into gold when bullion reserves were heavily reduced.
    However, because the total face value of the notes in circulation was almost exactly twice the actual gold reserves held (£10,865,050 of notes, compared to £5,322,010 in bullion), this would have bankrupted the Bank, and Parliament decided to suspend these ‘specie payments’ with immediate effect; this suspension was renewed annually until 1821.

    2 Reasons for overprinting
    British banknotes were overprinted by the government of William Pitt the Younger after Britain declared war on revolutionary France in 1793.
    Passing of the Bank Restriction Act released the government from the fear of mass redemption of such convertible banknotes, and by the end of the war in 1814, the banknotes in circulation had a face value of £28.4 million, yet was backed by only £2.2 million of gold.
    However, by 1821, and with radical economic policies instigated by Sir Robert Peel (the future Prime Minister, acting as Chairman of the Bullion Committee), this situation was reversed, and with £2,295,360 of notes in circulation being backed by £11,233,390 of bullion, the British government resumed “convertibility” on 1 May 1821 (two years ahead of schedule).

    3 In popular culture
    After the passing of the act, Richard Brinsley Sheridan publicly bemoaned the way in which the Bank of England had fallen under the influence of William Pitt the Younger by describing the institution as “An elderly lady in the City, of great credit and long standing who had unfortunately fallen into bad company”.
    This in turn led to James Gillray’s famous cartoon entitled Political Ravishment; or the Old Lady of Threadneedle Street in Danger, which depicts Pitt seducing the Bank of England, personified as an old lady attired in £1 and £2 notes, for her fortune.
    This cartoon is the origin of the Bank’s nickname of “The Old Lady of Threadneedle Street”, still in use today.

  2. si independance day arrive en vrai , faut montrer le bouclier de clovis avec des abeille dessus( les ange des insect) ce film pourrave

  3. 13:21 That moment when Master Sergeant Payne looks over at the man who made America great again in awe and gets a nod of admiration is like watching a Bald Eagle hatchling emerge from its shell. True breath taking joy and pride in a wordless exchange of mutual respect. The stuff legends are made of caught on tape. A small moment between great men.

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  5. You now know that Trump is a snake.
    https://youtu.be/qSrOXvoNLwg

    Fool me once, shame on you. … https://youtu.be/TyynkloSbSY

    Join: ProSe Party
    To protect and enhance the rights of the U.S. citizen. https://www.facebook.com/ceciljamesroth/

    I am not voting for Trump because of the lies he’s said, the wrongs he’s done, the promises not kept, and he does not care about the concerns of the common citizen. Trump only cares about his own interests and friends that can help him.

    Be part of the solution,
    Not part of the problem.
    Help vote out Trump – Copy and Share.

  6. God bless to president Trump, his family and America. Some days ago, there are a lot of fires at California, Washington, Origon, Colorado…But at California have a lot of fire, air was become bad for breathe of every people. …, So everyone should movie another place to live…I had listened God ask everyone should remove out California some days ago. …

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