Many people like to take the conspiratorial view of history a little too far. One of the most favorite names to bandy about is that of the evil Rothschild’s. That being said here we go.
Quite often we hear about the evil that Lincoln did against the Constitution. We also get to hear about how the Federal or Nationalized Bank is an evil thing. I have been reading an interesting book again called ‘The Unseen Hand’ by Ralph Epperson. That is where this is coming from, by the way. I do hope you enjoy it.
This book does detail some pretty interesting historical information, with some darn good references. Do I think there are people plotting to overthrow us and cast us down? Yes I do, but these days they are liberals, communists and anarchists.
On February 25, 1863 Congress passed the National Banking Act. This created a National Bank with the power and authority to create money to be loaned to the government based not on gold but on debt. This money was created and loaned to the United Sates government with interest. The bill was supported and pushed by the Secretary of the Treasury, Salmon P. Chase.
Lincoln was quick to respond to this nasty little change in America’s financial system. This is what he said: “The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of my country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavor to prolong its reign by working on the prejudices of the people, until the wealth is aggregated in a few hands, and the republic is destroyed.”
A few months after the passage of the National Banking Act, the Rothschild Bank of England wrote a letter to a New York firm of bankers. Here is what it said: “The few who understand the system will either be so interested in its profits, or so dependant on its favors that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantages that capital derives from that system, will bear its burdens without complaint, and perhaps without even suspecting the system is inimical to their interests.”
If you decided to start an economy in your very own country named maybe Androgynia, and needed money with which to do it you could print money and trade it with the people who have silver and gold, allowing the money to act as a placeholder. The people could accept it as safe because it’s backed by something solid. You could never get the people to accept a system that couldn’t be solvent, but
if they’re unaware of how something works they are going to trust it because it has a nice official name.
How about as the leader of Androgynia you are offered one million ‘hooplas’ at three percent interest? The only currency allowable for paying the debt is hooplas. You get to the end of the first year and you walk in to pay the bill. You have pulled in all one million hooplas to do it and are quite confident that this will settle the transaction. They look at you like you’re insane and tell you that they need the three percent interest. You inform them that you don’t have it so they loan it to you. You’re stuck. You were stuck from the start, but you didn’t see it coming. You now have no way to fully pay them back ever at any point in history.
That is but one of the things Lincoln was fighting. It was the French and English bankers working a back door on America, and Congress opened it. They were quite busy over here in those days trying many methods to affect the future of this country. They were willing to do anything they could to break back into this country to recoup their losses, never mind the fact they had been repaid after the American Revolution. But it wasn’t the fiscal losses from the American Revolution they were after. It was the potential for making more money.
Those same forces were a little upset with Lincoln for having created Green Backs, a fiat currency that saved the Union from their machinations until the National Banking Act was passed. He undercut them and they paid him for his insolence.
The French and English bankers were also working another back door entrance into the United States but Lincoln slammed that door on them too. It took Congress to open it with the National Banking Act. That however is for next week.
“Published originally at EtherZone.com : republication allowed with this notice and hyperlink intact.”