Greenbacks Sabotaged

Statements attributed to Congressman Thaddeus Stevens in Sarah Emery’s book, Seven Financial Conspiracies Which Have Enslaved the American People, have been verified. The Congressional Globe transcript for February 20, 1862 has Stevens stating just as quoted in Mrs. Emery’s book. It is corroborated that the Civil War Greenback was sabotaged at birth. And now, with the Appomattox of Federal Reserve, which way do we go from here? To a single global central bank? Or to lawful Constitutional money ultimately owned by We the People?

Thus reads the description for my latest video, “Greenbacks Sabotaged”, published to YouTube on February 16, 2016. The clip, which clocks in at 10 minutes and 31 seconds, can hopefully be viewed at the top of today’s blog entry.

Thomas.loc.gov is the usual URL associated with the Library of Congress. However another of their URLs, memory.loc.gov, is where I found archived old copies of the Congressional Record – except it was called the Congressional Globe in the olden times. Downloadable as TIFF format files, individual pages can then be loaded into a PDF viewer and enlarged for easier reading.

Such was my quest to double-check something found in an old book, Seven Financial Conspiracies Which Have Enslaved the American People, by Sarah Emery. [1] Therein, Congressman Thaddeus Stevens is quoted from the Congressional Globe of February 20, 1862. Had Stevens indeed said that the Civil War Greenback had been issued as an already depreciated currency? Upon double-checking it has been found in the Congressional Globe of February 20, 1862 Stevens did indeed say this.

The Civil War Greenback – not to be confused with what is loosely called the greenback today – was somewhat unique: It was a currency not owned by private bankers (such as we have today with “Federal” Reserve) but money ultimately owned by We the People. So of course an incipient cartel of money monopolists would have sought to eliminate competition. And this is what we find happened with the sabotage, at birth, of the Civil War Greenback. Here is a relevant excerpt from Thaddeus Stevens, Congressional Globe, February 20, 1862:

Mr. Speaker, I have a very few words to say. I approach the subject with more depression of spirits than I have ever before approached any question. No personal motive or feeling influences me. I hope not at least. I have a melancholy foreboding that we are about to consummate a cunningly-devised scheme, which will carry great injury and great loss to all classes of the people throughout this Union, except one… [After the House had passed the Greenback law and sent it to the Senate], It is true there was a doleful sound came up from the caverns of bullion brokers, and from the saloons of the associated banks. Their cashiers and agents were soon on the ground, and persuaded the Senate, with but little deliberation, to mangle and destroy what it had cost the House months to digest, consider, and pass. They fell upon the bill in hot haste, and so disfigured and deformed it, that its very father would not know it. Instead of being a beneficent and invigorating measure, it is now positively mischievous. It has all the bad qualities which its enemies charged on the original bill, and none of its benefits. It now creates money, and by its very terms declares it a depreciated currency. It makes two classes of money – one for the banks and brokers, and another for the people…

People will try to tell you that the Civil War Greenback “didn’t work.” That is only half right: Abraham Lincoln’s Greenbacks “didn’t work” because they were sabotaged at birth.

Why am I so interested in this? It is now the Appomattox of the Federal Reserve. [2] So which way do we go after that? Some will say a Burj Khalifa single global central bank is the answer. Others, however, such as Senator Rand Paul for example, might say Constitutional Greenbacks – not private banker-controlled money but money ultimately owned by We the People – is the answer.

——- Sources ——-
[1] Seven Financial Conspiracies Which Have Enslaved the American People, by Mrs. Sarah Emery. Revised 1894 edition. Reprint published by Hyperion Press, Westport, CT.
[2] Appomattox of Federal Reserve, Ersjdamoo’s Blog, February 13, 2016. https://ersjdamoo.wordpress.com/2016/02/13/appomattox-of-federal-reserve/

 

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About ersjdamoo

Editor of Conspiracy Nation, later renamed Melchizedek Communique. Close associate of the late Sherman H. Skolnick. Jack of all trades, master of none. Sagittarius, with Sagittarius rising. I'm not a bum, I'm a philosopher.
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