History of Money Part VII

The next saga of the Rothschilds' attempt to get control of the American economy continued after Andrew Jackson shut down the Second Bank of the United States. Fractional reserve banking moved like a virus through numerous state chartered banks instead causing the instability this form of economics thrives on. The continuous peaks and valleys of markets rising and falling, each cycle bringing more wealth to the Rothschilds and their widening network of financiers.

When people lose their homes, someone else wins them for a fraction of their worth. Depression is good news to the lender; but war causes even more debt and dependency than anything else, so if money changers couldn't have their central bank with a license to print money, a war it would have to be. Otto von Bismark, chancellor of Germany, said in 1876, "The division of the United States into federations of equal force was decided long before the Civil War by the high financial powers of Europe. These bankers were afraid that the US, if they remained as one block, and as one nation, would attain economic and financial independence, which would upset their financial domination over the world."

Slavery wasn't the only cause of the war, but of course that's not what we read in the history books. On April 12, 1861, this economic war began. Predictably, Lincoln needed money to finance the war effort. The money changers in New York, backed by the Rothschilds, offered loans from 24%-36% interest. Lincoln declined, and sought an alternative solution from his old friend, Colonel Dick Taylor of Chicago. Taylor's recommendation was fairly simple, "Just get Congress to pass a bill authorising the printing of full legal tender treasury notes... and pay your soldiers with them and go ahead and win your war with them also."

Lincoln questioned whether the notes would be accepted by the people of America. Taylor's response was, "The people or anyone else will not have any choice in the matter, if you make them full legal tender. They will have the full sanction of the government and be just as good as any money; as Congress is given that express right by the Constitution."

Lincoln agreed to try this solution and printed 450 million dollars worth of the new bills using green ink on the back to distinguish them from other notes. The "greenback" dollar was born and was in existence until 1994. Lincoln commented, "The government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers. ... The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power."

The solution worked so well Lincoln was seriously considering this emergency measure as a permanent policy. The money changers quickly realized how dangerous this policy would be to them. An editorial article in the London Times expressed the central bankers' attitude toward Lincoln, "If this mischievous financial policy, which has its origin in North America, shall become underrated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the World. The brains and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe." Hazard Circular, London Times 1865 (italics added)

In 1863, Lincoln needed just a bit more money to win the war. Seeing him in this vulnerable state and knowing that the president could not get the congressional authority to issue more greenbacks, the money changers proposed the passing of the National Bank Act. The act went through. From this point on, the entire US money supply would be created out of debt by bankers buying US government bonds and issuing them from reserves for bank notes (loans). Salmon P. Chase, Lincoln's former Secretary of the Treasury, after Lincoln's death lamented, "My agency in promoting the passage of the National Banking act (to the benefit of the international bankers), was the greatest financial mistake in my life. It has built up a monopoly which affects every interest in the country."

Lincoln did have an unexpected ally in this cause. The Tsar of Russia, Alexander II, was well aware of the money changers scam. The Tsar was refusing to allow them to set up a central bank in Russia. If Lincoln could limit the power of the money changers and win the war, the bankers would not be able to split America and hand it back to Britain and France as planned. The Tsar knew that this return to colonial status would eventually need to be paid back by attacking Russia, which was next on the money changers sights. The Tsar declared that if France or Britain gave help to the South, Russia would consider this an act of war. The North did prevail and France and Britain waited in vain for return of the colonies. Lincoln also had to wait for renewed public support before reversing the National Bank Act he had been pressured into approving during the war. However, he was killed on April 14th, 1865 before he had that chance.

Was this a coincidence? Lincoln commented about the control of the money changers, "The 'Money Trust' 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."

Lincoln was clearly a threat to the international bankers. The British bankers opposed Lincoln's protectionist policies. Some Englishmen in the 1860's believed that "British free trade, industrial monopoly and human slavery travel together." Lincoln's policies after the Civil War would have destroyed the Rothschilds' commodity speculations. After the war, Lincoln planned a mild Reconstruction policy which would have enabled a resumption of agriculture production. The Rothschilds were betting the other way on high prices caused by a tough Reconstruction policy toward the South. Lincoln was viewed as a threat to the established order of things, and he was assassinated as a result. The goal was to weaken the United States so the Rothschilds could takeover its economy. An article titled "The Rothschilds' International Plot to Kill Lincoln" was published October 29, 1976, in New Solidarity.

Otto von Bismark commented after Lincoln's death, "The death of Lincoln is a disaster for Christendom. There is no man in the United States great enough to wear his boots... I fear those foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America, and use it systematically to corrupt modern civilisation. They will not hesitate to plunge the whole of Christendom into wars and chaos in order that the earth should become their inheritance."

Coincidence? John Wilkes Booth was a staunch advocate of the South. He had planned for six months to kidnap Lincoln in 1864. However, as the war waned, he suddenly changed his plot to assassination. Was he paid to do this? We may never know. But do you believe in coincidences?

Ill-gotten treasures are of no value,
but righteousness delivers from death. Proverbs 10:2 (NIV)

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