ROYAL BLUE
New Member
..........International Bankers.
BEN FRANKLIN - THE TWO BANKING SYSTEMS From the autobiography of Ben Franklin, as reported by Gertrude Coogan in "Money Creators": ...the inability of the colonists to get the power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War.
Ben Franklin answering a question about the booming economy of the young colonies: "That is simple. In the colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportions to the demands of trade and industry." (Colonial Scrip had no debt or interest attached.
When the 1816 charter expired in 1836, Andrew Jackson vetoed its renewal. See Jackson's Veto Message to Congress It was then that he made two famous statements: "The Bank is trying to kill me - but I will kill it!" Later he said "If the American people only understood the rank injustice of our money and banking system - there would be a revolution before morning..."
In his First Inaugural Address, Lincoln made a point to discuss the role of Capital and Labor. Significant national issues were, at that time, in the first official speech, immediately after a Presidential Election.
Lincoln spoke on finances and government: "In his First Annual Message to Congress, December 3, 1861, Abraham Lincoln stated: "Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed, if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. Capital has its rights, which are as worthy of protection as any other rights."
President Lincoln needed money to finance the Civil War, and the international bankers offered him loans at 24-36% interest. Lincoln balked at their demands because he didn't want to plunge the nation into such a huge debt. Lincoln approached Congress about passing a law to authorize the printing of U.S. Treasury Notes. Lincoln said "We gave the people of this Republic the greatest blessing they ever had - their own paper money to pay their debts..." Lincoln printed over 400 million "Greenbacks" (debt and interest-free) and paid the soldiers, U.S. government employees, and bought war supplies. The international bankers didn't like it and wanted Lincoln to borrow the money from them, so that the American people would owe tremendous interest on the loan. Lincoln's solution made this seem ridiculous. Shortly after Lincoln's death, the government revoked the Greenback law which ended Lincoln's debt-free, interest-free money. A new national banking act was enacted and all currency became interest-bearing, debt instruments, again.
In the year 1865, a statement to Congress, President Abraham Lincoln stated,
'I have two great enemies, the Southern Army in front of me, and the financial institution in the rear. Of the two, the one in my rear is my greatest foe'.
Later that year President Lincoln was assassinated.:shame:
http://www.kamron.com/economics/people_who_opposed_the_FRB.htm
BEN FRANKLIN - THE TWO BANKING SYSTEMS From the autobiography of Ben Franklin, as reported by Gertrude Coogan in "Money Creators": ...the inability of the colonists to get the power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War.
Ben Franklin answering a question about the booming economy of the young colonies: "That is simple. In the colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportions to the demands of trade and industry." (Colonial Scrip had no debt or interest attached.
When the 1816 charter expired in 1836, Andrew Jackson vetoed its renewal. See Jackson's Veto Message to Congress It was then that he made two famous statements: "The Bank is trying to kill me - but I will kill it!" Later he said "If the American people only understood the rank injustice of our money and banking system - there would be a revolution before morning..."
In his First Inaugural Address, Lincoln made a point to discuss the role of Capital and Labor. Significant national issues were, at that time, in the first official speech, immediately after a Presidential Election.
Lincoln spoke on finances and government: "In his First Annual Message to Congress, December 3, 1861, Abraham Lincoln stated: "Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed, if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. Capital has its rights, which are as worthy of protection as any other rights."
President Lincoln needed money to finance the Civil War, and the international bankers offered him loans at 24-36% interest. Lincoln balked at their demands because he didn't want to plunge the nation into such a huge debt. Lincoln approached Congress about passing a law to authorize the printing of U.S. Treasury Notes. Lincoln said "We gave the people of this Republic the greatest blessing they ever had - their own paper money to pay their debts..." Lincoln printed over 400 million "Greenbacks" (debt and interest-free) and paid the soldiers, U.S. government employees, and bought war supplies. The international bankers didn't like it and wanted Lincoln to borrow the money from them, so that the American people would owe tremendous interest on the loan. Lincoln's solution made this seem ridiculous. Shortly after Lincoln's death, the government revoked the Greenback law which ended Lincoln's debt-free, interest-free money. A new national banking act was enacted and all currency became interest-bearing, debt instruments, again.
In the year 1865, a statement to Congress, President Abraham Lincoln stated,
'I have two great enemies, the Southern Army in front of me, and the financial institution in the rear. Of the two, the one in my rear is my greatest foe'.
Later that year President Lincoln was assassinated.:shame:
http://www.kamron.com/economics/people_who_opposed_the_FRB.htm
Last edited: