Wizard's Alchemy

Fiat money is a government-issued currency that is not backed by a commodity such as gold. Most paper notes started as being backed by a reserve of valuable commodities, usually gold (the "Gold Standard"). Tying a currency to gold limits inflation and money suppl...

On March 3rd 1933, President Franklin D. Roosevelt closed all the banks in the U.S.A. 

Banks held large amounts of Gold which were backing all the available U.S dollars. At those times there was a fixed exchange rate between U.S dollars and Gold.

Gold standard ended officially when pr...

Since the beginning of alchemy, alchemists have used symbols to represent different elements. Alchemy symbols sometimes contain hints of the qualities the element was thought to have, as well as the history of the element. Using symbols helped alchemists keep their work secret fr...