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News online for Encinitas, Calif.

North Coast Current

News online for Encinitas, Calif.

North Coast Current

News online for Encinitas, Calif.

North Coast Current

A portrait of American financier John Pierpont (J.P.) Morgan, painted by Fedor Encke in 1903. (Creative Commons image)

Historically Speaking: The banker who saved America 

Tom Morrow March 22, 2023
In lieu of today’s current financial climate in Washington, D.C., reviewing a bit of national banking history seems to be in order. Today, as it was yesterday, there always seems to be light at the end of a very long financial-ladened tunnel.
Part of the Franklin D. Roosevelt Memorial in Washington D.C., pictuted in December 2018, represents the depths of the Great Depression. (Photo by Sonder Quest via Unsplash)

Historically Speaking: From riches to rags to world leadership

Tom Morrow March 11, 2023
As “dire” as you think things are today in 2023 with our inflation-ridden life, in general could be worse ... and they were just throughout the 1930s. Hopefully, we won’t repeat those days, but somehow history has a way of repeating itself.
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