When the American Civil War began in 1861, the new president, Abraham Lincoln, needed money to finance the Union cause. In those desperate times, Lincoln talked with big bankers in New York City about a loan. The bankers could only offer money at huge rates of interest, so President Lincoln hit upon the idea of having the government itself create money, with no need for help from private bankers. A Legal Tender Bill passed the House of Representatives and was on its way to the Senate when alarmed private bankers called an emergency meeting. From this meeting, efforts to sabotage the incipient lawful Constitutional money began before it was even born. An “Exception Clause” was tacked onto the Legal Tender Bill by the Senate which made it a depreciated currency at its birth. The private bankers and their money monopoly were thus saved from the threat of fair competition. People now believe that Lincoln’s Greenbacks didn’t work because the idea was faulty. But really the original Greenback was stabbed in the back at its moment of birth.
Thus reads the description for my latest video, “Emergency Bankers Meeting”, published to YouTube on January 14, 2016. The video, running about 10 minutes, can hopefully be viewed also at the top of today’s blog entry.
After the Civil War Greenback had been assassinated, the major banks slowly moved to solidify their control of the United States. When the Panic of 1893 struck, J.P. Morgan bided his time, knowing full well that President Grover Cleveland would eventually be begging for assistance. Morgan helped deal with the 1893 Panic, but at a price. Details were given in the Ersjdamoo’s Blog entry of January 6, 2016, Ill Fares the Land.
Another financial heart attack, the Panic of 1907, caused a “Bankers pool” – a combination of big banks – to coalesce. Slowly but surely the money monopoly was consolidating itself. In 1913, a “Federal” Reserve was snuck into being and monopoly bankers ruled the land.
“But why not rule the entire world?” was the thought of the monopoly bankers. We began to hear talk of a single, global government. It will congeal around the planned global central bank. “Give me control of a nations money supply, and I care not who makes its laws,” said Amschel Rothschild. Today he would say, “Give me control of the world’s money supply, and whatever government will do as I say.”
But before the single global central bank can take over, first the central banks of various nations have to be obliterated. A 2015-2016 New Years Eve fire at the Address Downtown Dubai Hotel symbolized how lesser central banks were to be done away with in favor of the Burj Khalifa of central banks, symbolized by the 2722-foot high tower in Dubai.
Another powerful faction however seeks the same-old same-old: another world war, and continued “Federal” Reserve dominance. That faction showed its hand in the provoking incursion of U.S. patrol boats into Iranian waters coincident to the other faction’s State of the Union pageantry.
But where in all the hubub is Abraham Lincoln’s idea of government-issued money – sabotaged in 1862 yet still a hope? The befuddled masses remain partly hypnotized by droning statistical lingo and believe they cannot hope to understand basic monetary matters. Will our money be controlled by the Congress, as stipulated in Article I, Section 8 of the U.S. Constitution? Or will we forevermore be the slaves of private bankers? The true facts of why Abraham Lincoln was assassinated is the necessary starting point for a return to lawful money.