Lasted edited by Andrew Munsey, updated on June 15, 2016 at 2:12 am.
Money by Congress:Member:Leslie R. Pastor
:'A little known fact regarding American History, never discussed in our classrooms among students and teachers, that sound money enables a country to prosper and become exceedingly rich, something that Benjamin Franklin provided to the original colonials in 1760, by issuing “Scrip” into the colonial economy. Benjamin Franklin only issued enough money in the form of “Scrip” to enable ‘commerce’ to function among the colonials. In this fashion he avoided ‘inflation’ maintaining ‘equilibrium’ by having just enough ‘money’ needed for ‘commerce’ to prosper, allowing goods and services to expand without loss or rising prices. The colonials became rich and the colonials prospered as a result. When the British Parliament and the Crown discovered Benjamin Franklin’s methodology of wealth creation, they retaliated by having the colonials pay taxes to England in the form of gold as payment. The colonials revolted due to the fact, that gold was not used as a ‘medium of exchange’ among themselves, and therefore they had to work harder to make payment to the Crown. All of this was done by Parliament and the Crown to subjugate the colonies, because they feared that the American colonials would become exceedingly rich, if they did not put a stop to their wealth creation.'
'The American colonials realizing in 1760 that they could create their own money (debt free) issued “Scrip” and placed it in circulation among themselves as a medium of exchange. They used these “scrip” as mediums of exchange, and began to prosper. The British Crown realizing that they would lose control of their American colonies began a campaign of abusive “taxes” as controls to subjugate their colonies. The American colonials realizing their intent, pushed back, declaring their controls as infringing on their right as loyal subjects to engage in commerce, ultimately forcing the colonials to break away from the Crown completely, severing their ties, abrogating their connection to Britain as British subjects.'
Subject-Matter: What is Money? - AFPN
When one examines closely what money is, and understands the root causes of war, only then will one appreciate the real history of the human condition, humanity and life on planet Earth. From the onset, it is imperative to understand that we have not been given the complete picture regarding what has taken place, and therefore it is necessary to examine significant aspects of historical fact as it pertains to us. The concept of value, medium of exchange, takes on new meaning when measured in the light of the significance of what the subject-matter of Money truly represents. And since we have never been given a complete picture, but rather have looked merely through a glass darkly, it is necessary to examine the evidence, one fragment at a time. Understanding the root causes of the American Revolutionary War for Independence from the Crown in 1776 - 1780 provides an appropriate review of some of the fundamental factors:
Ultimately it was the Currency Act of 1764 which prompted the American colonials to react with disdain towards the English Parliament and to the Crown of England. The Stamp Act of 1765,http://avalon.law.yale.edu/18th_century/ct_resolutions_1765.asp]<pesn type=" str="a subject-matter which has been conveniently overlooked by American educators, when they address the history of the Boston Tea Party event, in that they fail to address the primary root disagreement with Parliament, that they had to pay a tax, paid in gold for all goods and services, verified by a stamp indicating that the tax (in gold) had been submited as payment. This infuriated the American colonialists. Forcing the colonials to pay in gold placed an additional undue burden, which ultimately confiscated the wealth of the American merchants, resulting in their restraint of trade. The question one needs to ask: "Why would the American Colonials go to war with their mother country, rather than compromise and mutually coexist?" The answer is obvious, and has been conveniently muted from our history books. The Colonials recognized, and ultimately knew that 'any form of taxation' of their productivity, would have eventually relegated them to poverty via financial slavery to the Crown. http://www.publicbookshelf.com/public_html/The_Great_Republic_By_the_Master_Historians_Vol_II/stampact_bc.html http://www.publicbookshelf.com/public_html/The_Great_Republic_By_the_Master_Historians_Vol_II/stampact_bf.html" str="[http://www.philadelphia-reflections.com/blog/1151.htm"></pesn>
'"That the duties imposed by several late Acts of Parliament, from the peculiar circumstances of these colonies, will be extremely burdensome and grievous and from the scarcity of specie, the payment of them absolutely impracticable."' Documentation/Source/Link/Reference: http://avalon.law.yale.edu/18th_century/resolu65.asp http://www.lerner.udel.edu/node/2175
Benjamin Franklin via the French Salons received access to the King of France from whom <pesn type= secured a loan of $13 billion dollars (in modern day currency evaluation) enabling the Colonials to wage war with England. [http://stacksbowers.com/auctions/auctionlot.aspx?lotid=238601"></pesn>http://www.pbs.org/benfranklin/l3_world_france.html
The united States of America were born in rebellion, under the <pesn type=, a rebellion from the control factors that plagued Europe and England directly. With the help of the worldwide Masonic community and her Christian base, the Founders established a formal government, complete with proscribed political trust deeds, naming, themselves as the inherent holders of the political power. And without going into further detail, which can be remedied by examining the official documentation at Yale University, http://avalon.law.yale.edu/" str="and a review of the chronology of American history http://avalon.law.yale.edu/subject_menus/chrono.asp, the struggle to regain control of the originating colonies persisted until the eventual recapture in the early twentieth century, circa 1913. What happened in the intervening years is the subject of this paper on the subject of Money, money creation, its control, those who benefited and those who lost value because of its control factor. Therefore understanding the nature of [[Site:LRP:The US Constitution And The War Against It|The US Constitution And The War Against It"></pesn>] will be of primary importance when dealing with this subject-matter.
What many may not realize is that the United States existed debt free for over one hundred years from 1813 till 1913. Its monetary system was not based on debt, wherein money is borrowed, but created and placed in circulation debt free, without owing interest payments to anyone. It was truly a medium of exchange and a measure of value, but its greatest asset was that it remained a store of value, enabling commerce and industry to expand debt free for over one hundred years, producing the greatest nation on Earth. That is one of the reasons people came to America. They had an opportunity to become successful, as free and independent contributors to the developing and expanding American enterprise. The assault on that freedom from the War of 1812 to the Civil War of 1860-64 and right up to the First World War is ultimately a continuous war of the money power over the sovereignty of the original creation of the United States and its Founders, and their political trust deeds, specifically their ordained and established US Constitution. [http://avalon.law.yale.edu/subject_menus/major.asp Major Document Collections - Yale University
I highly recommend: 'The Everything Founding Father's Book [Meg Greene, MA, MS and Paula M. Stathakis, Ph.D.' http://www.fwcontenthub.com/?id=38183 for review, and a general synopsis regarding the history of the Founding Fathers.
Washington supported Hamilton his Secretary of the Treasury over the objections of his Secretary of State Jefferson, and allowed the formation of the Bank of the United States, a semi-private central bank, controlled in part by government (20%) and private (foreign & domestic) interests (80%). The Bank of the United States was allowed a charter for 20 years subject to renewal upon reevaluation. [http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=1141
In 1816 a second charter was granted to the Second Bank of the United States, which was vehemently opposed by President Andrew Jackson. A political war ensued between Jackson and Nicholas Biddle, the President of the Bank. Jackson was opposed to the Bank's ability to control the lifeblood of the nation, through government deposits, while Biddle used those deposits to control the members of Congress. When Jackson withdrew his support, government deposits, Biddle retaliated by reducing the money supply, squeezing the US economy. Biddle's actions did not have the desired effect that was expected, and Jackson won the battle and the war. Jackson regarded the influence and control by the private Second Bank of the United States as something evil, and a drain on the US economy. An attempt was made on Jackson's life, but he survived. <pesn type= https://sites.google.com/site/thebankwarapush/jackson-vs-biddle" str="[http://minneapolisfed.org/publications_papers/pub_display.cfm?id=4047"></pesn>
Note: 'Jackson was the only President to pay off the National Debt'.
"Although Nicholas Biddle was President of the Bank of the United States, it was well known that Baron James de Rothschild of Paris was the principal investor in this central bank. Although Jackson vetoed the renewal of the charter of the Bank of the United States, he probably was unaware that a few months earlier, in 1835, the House of Rothschild had cemented a relationship with the United States Government by superseding the firm of Baring as financial agent of the Department of State on January 1, 1835."
"Henry Clews, the famous banker, in his book, 'Twenty-Eight Years in Wall Street', states that the Panic of 1837 was engineered because the charter of the Second Bank of the United States had run out in 1836. Not only did President Jackson promptly withdraw government funds from the Second Bank of the United States, but he deposited these funds, $10 million, in state banks. The immediate result, Clews tells us, is that the country began to enjoy great prosperity. This sudden flow of cash caused an immediate expansion of the national economy, and the government paid off the entire national debt, leaving a surplus of $50 million in the Treasury."
"The European financiers had the answer to this situation. Clews further states, "The Panic of 1837 was aggravated by the Bank of England when it in one day threw out all of the paper connected with the United States."
"The Bank of England, of course, was synonymous with the name of Baron Nathan Mayer Rothschild. Why did the Bank of England in one day "throw out" all paper connected with the United States? The purpose of this action was to create an immediate financial panic in the United States, cause a complete contraction of credit, halt further issues of stocks and bonds, and ruin those seeking to turn United States securities into cash. In this atmosphere of financial panic, 'John Pierpont Morgan' came into the world. His grandfather, Joseph Morgan, was a well to do farmer who owned 106 acres in Hartford, Connecticut. He later opened the City Hotel, and the Exchange Coffee Shop, and in 1819, was one of the founders of the Aetna Insurance Company."
Source Documentation: Secrets of the Federal Reserve ~ The London Connection by Eustace Mullins pp. 50-51
Source Reference: Henry Clews, 'Twenty Eight Years in Wall Street', Irving Company, New York, 1888, page 157. http://books.google.com/books/about/Twenty_eight_Years_in_Wall_Street.html?id=H_j5_d1F5KoC
John Pierpont Morgan (1837-1913): "Considered the dominant American financier at the turn of the [twentieth] century. Who's Who in 1912 stated he "controls over 50,000 miles of railroads in the United States." Organized United States Steel Corporation. Became representative of House of Rothschild through his father, Junius S. Morgan, who had become London partner of George Peabody & Company, later Junius S. Morgan Company, a Rothschild agent. John Pierpont Morgan, Jr., succeeded his father as head of the Morgan Empire." (Source: Secrets of the Federal Reserve ~ The London Connection by Eustace Mullins p. 189.
The War of 1812 was America's second war of independence from British control. <pesn type= http://www.pbs.org/wned/war-of-1812/." str=" The War was welcomed by the State Banks, who benefited by it, while it was opposed by the New England States, whose native sons were impressed into British and French military service waging it. At the end of the war Jackson paid back to the States $35 million, ordering the Treasury to give the money back from its surplus. http://video.pbs.org/video/2089393539 http://en.wikipedia.org/wiki/Origins_of_the_War_of_1812" str="[http://en.wikipedia.org/wiki/Timeline_of_the_War_of_1812"></pesn>
'Article 1, Sec 8, Clause 5 US Constitution: Grants Lincoln and the US Congress authority to issue debt free money' <pesn type= http://www.fame.org/HTM/Vieira_Edwin_To_Regulate_the_Value_of_Money_EV-006.HTM" str="http://constitutionalism.blogspot.com/2011/03/liberty-dollar-coinage-defended.html http://www.financialsensearchive.com/fsu/editorials/gnazzo/2006/0905.html" str="[http://www.artforcongress.com/issues/sound-money"></pesn>
Lincoln refusing to pay the exorbitant interest charged by the New York Banks, elected to create US Money debt free, and used it to finance the Civil War. He authorized the issuance of $450 million in three (3) separate installments. These dollars circulated debt free: "Government, possessing power to create and issue currency and credit as money and enjoying the right to withdraw currency and credit from circulation by taxation and otherwise, need not and should not borrow capital at interest.....The privilege of creating and issuing money is not only the supreme prerogotive of the government but it is the government's greatest creative opportunity." [This is taken from an abstract of Lincoln's monetary policy that was prepared by the Legislative Reference Service of Congress. Quoted by Owen, p. 91 - quoted from 'The Creature From Jekyll Island' by G. Edward Griffin, p.384 (Fifth (5th) Edition)].
'''Supplemental Source References: [http://www.uhuh.com/unreal/lincoln.htm#Prophesies
'Julliard v. Greenman - 1884' <pesn type= [http://ira-wg.com/library/reserve.html"></pesn>
Two forms of monetarists exist within the economic fabric (structure) of human existence. They resemble in mathematical terms opposing algorithms of negative versus positive values. The existing banking structure is negative in nature (debt as its agenda for nation-building), as opposed to nation-building via growth, expansion, and wealth creation in the form of production, technological improvement and expansion of resources. Presently the world is in the grip of the debt creators (negative algorithm sustainers), who are merely interested in accumulating wealth for themselves, and limiting the ability of others to accomplish goals that would liberate and stimulate economic activity. In simple terms, debt equals slavery, while economic activity without debt equals growth and the accumulation of wealth, in the form of capital goods, such as food, livestock, and the conversion of resources, in the form of usable and desired products, necessary for the human activity and sustainability. Presently the banking structure is negative in nature, since it requires and necessitates debt as its operational system of money creation. As an example, if you have two card players competing with one another and you also have a card dealer supplying cards as needed, and if the card dealer charges a dollar for each distribution, eventually the card dealer will acquire the entire pot of money held originally by the two card players. Play the card game long enough and this will become apparent to everyone, since all of the money will have simply transferred to the dealer.
The systemic nature of this format becomes apparent when dealing with the international banking fraternity. Nation-states borrow money from these banks in order to handle global activity, such as war, expansion, and technological innovation in the formation of their infrastructure. These loans are then paid back, with interest, accumulated and derived in the form of taxation from their indigenous populations. If enough debt is accumulated, that cannot then be paid back, the banking structure then acquires the resources of those debtor nations to satisfy the debt. The systemic nature of debt thus is confiscatory and repressive to those debtor nations. This hidden and unapparent debt nature of the monetary system has remained oblivious to those who are the recipients of its negative nature, due to the lack of knowledge on the part of those who use the system. Wealth does not reside in the monetary system, since it merely facilitates the transference of wealth structures (goods and services) from one person to another as a medium of exchange. Real wealth is derived from productivity and the creation of goods and services. The monetary system merely reflects the presence of stored value within the medium of exchange. When debt instruments are used as a medium of exchange, the transactions are ultimately subject to the confiscatory nature of that system. If a nation uses this system long enough, it will eventually become impoverished, and its citizens will become beggars and slaves resembling the feudalism of past history.
Two American Presidents (Jackson and Lincoln) avoided the International banking fraternity and their debt monetary system. One avoided an assassin’s bullet, while the other died shortly thereafter. Jackson refused to allow the nation to succumb to debt, and actually paid off the national debt, and shared the surplus with the individual States directly. Lincoln together with Congress authorized the creation of money (Greenbacks), which became the basis of the American monetary system. Lincoln intended the Union to develop debt-free, unencumbered and unrestricted, retaining economic value through commerce, productivity and rapid expansion under the stability of a single monetary system.
The creation of the Federal Reserve System was the most fantastic conspiracy of all time. It enabled the formation of the most powerful conglomeration ever devised by human intelligence, and some would add of immortal duration. The Federal Reserve System is a global conspiracy encompassing hidden objectives, subterfuge and private intent known only to its originators, creators, and private stockholders. The Fed is private and until dissolved by the US Congress will endure till it destroys the economic fabric of the United States, either through hyperinflation or a supreme loss of confidence in its ability to sustain the dollar as a global currency of last resort. Its formation enabled the financing of War on a Global Scale, the manipulation of human activity, unparalleled since the age of feudalism, and the financial servitude of nation-states and national economies, a subject that will be addressed in this section of research dealing with money.
Bill Still has provided significant coverage regarding the basic history of the worldwide monetary system, and by inclination if not deliberation has proven that this effort is a global agenda. Watch the following videos as a precursor to your discovery of a very significant intent regarding Site:LRP:The Conspiracy of The Control Paradigm.
The control (paradigm) nature of money became predominantly apparent with the creation of the Federal Reserve System in 1913. The US Congress had been totally remiss in understanding this factor, having never experienced, nor anticipating the hidden proclivities of the international banking fraternity. The fact is that members of Congress were totally inept and unschooled in matters of finance, having experienced only sporadic monetary inconsistencies during the forty some years following the American Civil War. In fact they were the radically stupid, foolishly ignorant, and complete useful idiots in the hands of skilled manipulators, such as Edward Mandel House and Paul Moritz Warburg.
My thesis, Monopoly Power, World Socialism, World Economic Interdependence. (Part 1) ultimately shed significant light on the subject-matter in 1980 which became radically apparent during the Bush and Obama Administrations. My Site:LRP:Introduction regarding the true nature of the systemic aspects of control are only now readily apparent, with the recent semi-audit of the private Federal Reserve System and its member banks, private stockholders, and international global partners within the European community. It was discovered that the Federal Reserve gave European bankers $16 Trillion, from reserves created out of thin air, while the American public is indebted to a similar amount. Most disconcerting. Apparently Carroll Quigley was correct, as his magnum opus Tragedy and Hope indicates.
The Secret of Oz | The Money Masters
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The true history of the United States suggests that a continuous warfare ensued between Site:LRP:The Control Paradigm and those who wanted to be free of it altogether. A significant warfare indeed did take place between the people of the United States through their elected representatives (Presidents) and the banking fraternity (Bank of England, and all those associated with them). My first appreciation of US History, while attending Seton Hall University in 1971, was when Fr. Driscoll, shouted "Biddle, Biddle" as his introduction to the war between President Andrew Jackson and Nikolas Biddle, President of The Second Bank of the United States. I never forgot Fr. Driscoll or former President Andrew Jackson, who by the way was the only president to pay off the national debt.
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Throughout history the middle class has acted as a buffer between the rich and the poor. The role of the middle class historically has been to serve, advise, and regulate the needs, wishes and goals of the rich, for which they were amply compensated, enabling the systemic symbiotic relationship that sustained society, fostering the growth and distribution of wealth in the form of goods and services. The common thread that enabled this symbiosis to function flawlessly was the availability of a stable monetary system common to all, rich and poor alike.
Money in the form of coins, or coinage, was distributed as a medium of exchange common to all, and relied upon as a store of value, enabling the transition from bartering (trading), to selling goods and services, in the form of constant value. In this fashion, the coins were facilitated as a medium of exchange and a store of value. It didn’t matter, that the coins were made of copper, brass, or Talley sticks, because the value was inherent in the goods and services provided and not the medium of exchange used.
Historically, problems arose, when the rich, wishing to sustain their affluence, engaged in activity that would upset this delicate and intricate balance. They would decide to sustain their advantage by either the accumulation of assets, land, food, and resources or by relying upon gold and silver as their private medium of exchange, due to its durability. This created an imbalance, and devalued the common medium of exchange used by the preponderance of society (middle class and the poor). Gold and silver coins being rarer, and not as plentiful as copper, brass, or lesser metals, forced the rest of society to follow the trend established by the rich, forcing prices higher (due to the change of the value of the medium of exchange).
Such systemic challenges historically, were mitigated by the resourcefulness of the middle class, either by individual accomplishments or by a complete change in the systemic nature of society. Rather than borrow money, the people of the United States, also known as the inherent holders of the political power, also known as the US Government should create their own money, as President Lincoln did, and place it in circulation debt free, as a medium of exchange, and as a constant and consistent store of value, so that commerce can be transacted from sea (Pacific) to shining sea (Atlantic). As the economy expands, so would the money supply, as needed, as the value of goods and services excelled. This would enable the United States to become the richest nation on earth. We would truly be free. We should produce as much as we can afford and sell to everyone throughout the entire world. Food should be grown without limit, and sold everywhere so that all could benefit from America’s bounty. We have the resources we need the will to do so, and the right people to take the appropriate initiative.
http://www.youtube.com/watch?v=8rifXPXaw8M (creation of fed/three senators)
http://www.youtube.com/watch?v=stGW-CTZaJg&feature=related (Bill Still Interviewed)
United States Senate
63rd Congress (1913-1914)
Chairman Charles A. Culberson, Texas
Lee S. Overman, North Carolina
William E. Chilton, West Virginia
James O'Gorman, New York
Duncan U. Fletcher, Florida
James A Reed, Missouri
Henry F. Ashurst, Arizona
John K. Shields, Tennessee
Thomas J. Walsh, Montana
Hoke Smith, Georgia
Clarence D. Clark, Wyoming
Knute Nelson, Minnesota
William P. Dillingham, Vermont
George Sutherland, Utah
Frank B. Brandegee, Connecticut
William E. Borah, Idaho
Albert B. Cummins, Iowa
Elihu Root, New York
'This source is not documented properly, no footnotes, no printed bound source, not mentioned in Ben Franklin's autobiography, and therefore dubious'
“Unlike the British Bank Notes which were issued by private Bankers, Colonial Scrip was an alternative form of paper money which was issued by the Colonial governments through direct spending on public projects (roads and bridges) and through lending for private projects. The Scrip was issued as a credit instead of a debt and thus the colonies were able to avoid issuing bonds to private bankers to purchase a gold reserve. By avoiding the gold and the debt, taxes remained low and by issuing just enough Scrip to match the volume of trading activity, the value of Scrip remained stable. Ben Franklin's Pennsylvania Scrip was the most successful of the Colonial Scrip issues. When the Scrip is issued to put people to work, goods and services are created by the work. The workers paid with Scrip can then redeem the scrip for the goods and services available in the local markets. And thus the circle is completed. As long as the Scrip is issued to create work which produces goods and services for redeeming the Scrip, there will never be any inflation or recession. But if Scrip were issued in a careless manner without generating work, or even worse, if counterfeit Scrip enters the market without a matching volume of goods and services to redeem it, the Scrip loses value. This is the cause of inflation. The beauty of Scrip is that it can be created as long as you have persons ready to do work. Consequently, there is never any unemployment under a Scrip system. The money has to wait on the availability of workers. But under the British Bank Note system the opposite is true. Because they issue money as a debt to the taxpayer, the workers have to wait on money to become available.” Source:http://wiki.answers.com/Q/How_did_colonial_scrip_help_make_the_colonies_prosperous#ixzz1vXqkL1yE
'This source is not documented properly, no footnotes, no printed bound source, not mentioned in Ben Franklin's autobiography, and therefore dubious'
One of the best books to read regarding the Federal Reserve is G. Edward Griffin's 'The Creature from Jekyll Island - A Second Look At The Federal Reserve'.
It is well documented, and expertly written for the average reader. I recommend the current Fifth (5th) Edition Printing, which is updated within the present timeframe.
The Bank of England "A society of about 1330 persons, including the King and Queen of England, who had 10,000 pounds of stock, the Duke of Leeds, Duke of Devonshire, Earl of Pembroke, and the Earl of Bradford."
:Memorandum of Law: The Money Issue Devvy Kidd - Larry Becraft