Tuesday, December 15, 2015

History: The Year is 1694

I've uploaded year 1694 to the TSP Wiki...


Here are some one liners...

A Third-rate Ship Sinks with 10 Tons of Gold Aboard -- It is a secret mission to give gold to the Duke of Savoy, but it sinks so no joy.

It's the Bank of ENGLAND! What Could Go Wrong? -- King William needs financing so he opens a bank. I talk about how people tend to put trust in government.

A Chapel for the Shroud of Turin -- Is it really the death shroud of Jesus? I'm not sure it matters.

A Third-rate Ship Sinks with 10 Tons of Gold Aboard

The HMS Sussex is on a secret mission. The Sussex is a third-rate ship-of-the-line leading a convoy of over 40 war ships and 166 merchantmen into the Mediterranean. Convoy protection is a normal function of the British Navy, but the Sussex is carrying its own secret cargo... 10 tons of gold coins worth over 344 million dollars (as of December 2015). The gold is destined for the Duke of Savoy. As the convey passes the rock of Gibraltar, a sudden storm sends HMS Sussex to the bottom. Only two sailors will survive and the Admiral's body will wash up on shore, dressed in his nightshirt. [1] [2] [3] [4]
My Take by Alex Shrugged
One can only guess why gold was going to the Duke of Savoy, so let's guess. The War of the Grand Alliance against France was in progress. Savoy had almost quadrupled his army and took the war to French soil, but in 1695 the Duke signed a secret peace treaty with France. If gold was headed to the Duke in 1694, it may have been to help with military expenses. (Or maybe it was a really big bribe, but what are the chances of that? Perish the thought.) When the gold went to the bottom, the Duke cut his losses and made peace. Recently the wreck of the Sussex may have been found off the coast of Spain but currently the exploration project has been put on hold until Spain can get guarantees that the exploration company simply won't sail off with all the treasure. It happens. [5] [6]

It's the Bank of ENGLAND! What Could Go Wrong?

In the war against France, King William the 3rd of England is running out of money, especially after the recent disastrous Battle of Beachy Head. He needs to build a modern navy, but the King can't get credit to save his life. If he cannot win this war (or at least not lose it) he will literally lose his life and the previous King James the 2nd will return from France to take the British throne. So, in order to get financing, King William starts the Bank of England and allows the bank to handle the British government accounts. This close association between the government and the bank lends respectability to the Bank of England. People start making deposits; the bank lends that money to England and the King builds his navy. [7] [8]
My Take by Alex Shrugged
People want to trust their government, so when the government puts its faith in a bank, the people figure that they can't get hurt too badly if they put faith in the bank too. This was how Congress and President Bush got caught during the Subprime Mortgage Crisis. The government implied that losses from failed subprime mortgages would be covered because certain financial institutions were "too big to fail." Well... apparently some institutions were just the right size to fail along with a lot of individuals such as the actor, William Devane. He played the President of the United Stated on the TV series '24'. Now I see him on TV commercials trying to sell gold. Thank you, Mr. President. I'll look into that. This is called "an argument from authority" and in William Devane's case, a FAKE authority. Since the news media treats the President of the United States as if he is an expert on the economy, and if he tells people to buy gold, then that is best thing to do. Right? Don't bet on it. [9] [10] [11]

A Chapel for the Shroud of Turin

The city of Turin is located within Duchy of Savoy. Several years ago the Turin Cathedral began construction of a chapel to house the Shroud of Turin. That construction is completed this year. The shroud is purported to be the cloth that the body of Jesus was wrapped in when his body was removed from the cross and placed in a temporary tomb. The actual history of the cloth has not been well documented until after the mid-1400s. It will remain the property of the House of Savoy until 1983 when it will be transferred to the Catholic Church in Rome. [12] [13] [14] [15]
My Take by Alex Shrugged
Most people want to know if it really is the death shroud of Jesus. I'm not sure how one would prove it for sure. Carbon-dating was done on the cloth, and that places the date at no earlier than 1260. That was approximately when reports on the existence of the cloth begin. I'm not sure that it matters whether the shroud is the actual one. If someone made an error, then it was an error. If the cloth never existed, would Christianity dissolve into nothing? I doubt it.

This Year on Wikipedia

Year 1694, Wikipedia.

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