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 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]:
Attachment 1789
This worked in Abraham Lincoln's time. It can work today.
This is the rationale for Indorsing Bills as Credit Vouchers
See sample "Currency Indorsement"
Why it was suppressed...
Quote:
“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.
