The Currency Question

[Keith Alan]

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]:




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...

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.