The Weekly Quill — A U.S. Corporate Debt Reset
The Postponed Cycle Makes Its Final Approach
“I have used the word Mish sha Suppukni, from which I am certain the word Mississippi derived its origin. The word is thus defined: Uk hin na – river, mish sha –?beyond; suppukni –?any age; ‘The River beyond any age.’ The white man never writes Indian names correctly, but the word Mich sha Suppukui, which we pronounce Mish sha sippi, is spelt nearer your own river.”
Choctaw Chief, Letter to editor of?Columbus Whig, 1847
The king was but a babe when his father died. He’d have had scant appreciation for the financial shambles in which France found itself upon the passing of King Louis XIV. Deeply in debt and drowning in high taxes after fighting three major wars, the “Sun King’s” nephew, the Duke d’Orléans became Regent of France.
Enter John Law, a Scottish financier born in Edinburgh described as tall, handsome, and vain with dueling penchants for women and gambling. A journey to France during which he rekindled his friendship with the Duke proved fortuitous, at least for a time. A mogul before his time, Law recognized the potential of the Louisiana Colony, which France had settled and knew little about. Word had it that the vast land, which stretched from the Great Lakes to the Gulf of Mississippi and the Appalachian Mountains to the Rockies, was rich in silver and gold.
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Danielle DiMartino Booth is founder and Chief Strategist at?Quill Intelligence