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doug555
06-07-14, 04:47 PM
The Currency Question - A timely "letter" to us today from February 13, 1865 by Henry C. Carey in view of the rampant talk of the demise of the "FRN" Dollar.

Read this letter (https://drive.google.com/file/d/0B8BdR0w2oZY_M2hyWGw2dUVkOGc/edit?usp=sharing) to see how an honest labor-backed currency and a simple clearinghouse controlled by the people could turn around our economy in weeks - and why it was and is being suppressed!

Read carefully page 129 [excerpted below, highlighting added]:

1789


This worked in Abraham Lincoln's time. It can work today.

This is the rationale for Indorsing Bills as Credit Vouchers (http://iuvdeposit.wordpress.com/2014/03/10/indorsed-bill-remedy/)

See sample "Currency Indorsement (https://drive.google.com/file/d/0B8BdR0w2oZY_MVZsQ0hrWE44LTg/edit?usp=sharing)"

Why it was suppressed...



“It is noteworthy that Lincoln issued this statement of his monetary policy in 1865, just before the end of the civil war. A matter of weeks later, he was assassinated. As the publication date and whole tenor of the document show, Lincoln’s intention was to advance his monetary policy, based upon the government creation of money, and apply it more fully after the war. The motive behind Lincoln’s assassination has never been established, and is usually attributed to the deranged actions of a lunatic. However, it has been speculated many times that Lincoln’s death was connected with the fact that such a monetary policy as he was proposing, if pursued effectively, would have signaled the end of the banking and money power in the United States, and very rapidly everywhere throughout the developing world. Once that one government was seen to be capable of supplying its nation’s monetary needs, others would certainly have followed. The power and profit which national debts and widespread private industrial debts provided to the world’s most shadowy and powerful elite – bankers and financiers – would have soon vanished.” - The Grip of Death: A Study of Modern Money, Debt Servitude, and Destructive Economics (Jon Carpenter Publishing, 1998), pages 220-221, by Michael Rowbotham

“If this mischievous financial policy, which has its origin in North America, shall become endurated 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.

“What is here supposed to have been done [someone issuing his own credit as money and acting as a clearing house for the whole country for buying all labor and products] is almost precisely what has been done by Mr. Lincoln and his Administration… It had so facilitated exchange between consumers and producers, that both parties had been enabled to pay on the instant for all they had need to purchase.” - Letters to the Hon. Schuyler Colfax by Henry C. Carey, 1865, pages 129-130.

Keith Alan
06-24-14, 01:32 AM
The Currency Question - A timely "letter" to us today from February 13, 1865 by Henry C. Carey in view of the rampant talk of the demise of the "FRN" Dollar.

Read this letter (https://drive.google.com/file/d/0B8BdR0w2oZY_M2hyWGw2dUVkOGc/edit?usp=sharing) to see how an honest labor-backed currency and a simple clearinghouse controlled by the people could turn around our economy in weeks - and why it was and is being suppressed!

Read carefully page 129 [excerpted below, highlighting added]:

1789


This worked in Abraham Lincoln's time. It can work today.

This is the rationale for Indorsing Bills as Credit Vouchers (http://iuvdeposit.wordpress.com/2014/03/10/indorsed-bill-remedy/)

See sample "Currency Indorsement (https://drive.google.com/file/d/0B8BdR0w2oZY_MVZsQ0hrWE44LTg/edit?usp=sharing)"

Why it was suppressed...

The problem I see with both private and public currency creation is that both rely on making pledges into the future. Since no one can predict the future with 100% certainty, pledges are inherently fraudulent.

Money ought to he based on what already has been produced and saved, or what is being created at this very moment in time.

Gold, silver, sea shells, whatever, have all been used as money precisely because real labor went into producing the money commodity.

doug555
06-24-14, 09:12 PM
The problem I see with both private and public currency creation is that both rely on making pledges into the future. Since no one can predict the future with 100% certainty, pledges are inherently fraudulent.

Money ought to he based on what already has been produced and saved, or what is being created at this very moment in time.

Gold, silver, sea shells, whatever, have all been used as money precisely because real labor went into producing the money commodity.


Grocery "bills", utility "bills", medical "bills", etc, are in most cases, a record of past production and receipt of same, and as such, are NOT pledges.

What you do with those "bills" (currency) determines if it becomes a pledge (by tendering IOUs in the form of FRNs - a promise to pay), or a payment (by tendering USNs - lawful money - which could be in the form of simply add a signature on the "bill" showing receipt, so that the credit amount thereon can be subtracted from the national debt owed to the people).

These "bills" are already essentially "currency" - they have the capacity as instruments to transfer money by posting said amounts to ledger accounts, once signed by both parties to the transaction, just as the dollar "bill" has 2 signatures.

So, in effect and actuality, these "bills" are labor-backed "currency".

If these type of "bills" were circulating today as currency, we would not be seeing the currency manipulation and corruption documented by the memo discussed in this video (https://www.youtube.com/watch?v=ogc-LRWByhY)! WATCH THIS VIDEO!!!

The watch this video about Ending the Fed (https://www.youtube.com/watch?v=lIjYjkJt2us) movement in Germany, and their website at: http://wearechange.org (http://wearechange.org)

Now, instead of just exposing the Fed, why not promote a practical solution, as suggested above?

For more info, see Indorsed Bill Remedy (http://iuvdeposit.wordpress.com/2014/03/10/indorsed-bill-remedy) and last paragraphs of this post (http://lawfulmoney.blogspot.com/p/lawful-money-definition.html).

Keith Alan
06-24-14, 11:13 PM
Grocery "bills", utility "bills", medical "bills", etc, are in most cases, a record of past production and receipt of same, and as such, are NOT pledges.

What you do with those "bills" (currency) determines if it becomes a pledge (by tendering IOUs in the form of FRNs - a promise to pay), or a payment (by tendering USNs - lawful money - which could be in the form of simply add a signature on the "bill" showing receipt, so that the credit amount thereon can be subtracted from the national debt owed to the people).

These "bills" are already essentially "currency" - they have the capacity as instruments to transfer money by posting said amounts to ledger accounts, once signed by both parties to the transaction, just as the dollar "bill" has 2 signatures.

So, in effect and actuality, these "bills" are labor-backed "currency".

If these type of "bills" were circulating today as currency, we would not be seeing the currency manipulation and corruption documented by the memo discussed in this video (https://www.youtube.com/watch?v=ogc-LRWByhY)! WATCH THIS VIDEO!!!

The watch this video about Ending the Fed (https://www.youtube.com/watch?v=lIjYjkJt2us) movement in Germany, and their website at: http://wearechange.org (http://wearechange.org)

Now, instead of just exposing the Fed, why not promote a practical solution, as suggested above?

For more info, see Indorsed Bill Remedy (http://iuvdeposit.wordpress.com/2014/03/10/indorsed-bill-remedy) and last paragraphs of this post (http://lawfulmoney.blogspot.com/p/lawful-money-definition.html).
Public banking is just more of the same.

It makes more sense to either work for US gold and silver coin, or make demand for lawful money as provided by law, or both. Problem solved. Just my two cents.