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Tuesday, March 22, 2011

It's Time To Return To Our Own "Greenback" The PUNT!

Greenback

1862


President Lincoln begins the printing of $450,000,000 worth of American currency. These bills are printed in green ink on the reverse side, in order to distinguish them from other bills in circulation, and are called, “Greenbacks.” These are printed at no interest to the Federal Government and are used to pay the troops and purchase their supplies. President Lincoln would be the last President to issue debt free United States notes, and on this subject he states,
“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 in the Government’s greatest creative opportunity. By the adoption of these principles...the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.”
He also states,
“We gave the people of this republic the greatest blessing they ever had, their own paper money to pay their own debts.”
That same year The Times of London illustrates who’s pulling its’ strings, when it publishes a story containing the following statement,
“If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce.
It will become prosperous beyond precedent in the history of civilized governments’ of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.”
A Hazard circular from the Rothschild controlled Bank of England, comes to light some years later that provides further information as to why Lincoln’s debt-free money, the greenback, had to be stopped,
“Slavery is likely to be abolished by the war power and chattel slavery destroyed. This, I and my (Jewish) European friends are glad of, for slavery is but the owning of labour and carries with it the care of the laborers, while the European plan, led by England, is that capital shall control labour by controlling wages.
This can be done by controlling the money. The great debt that capitalists will see to it is made out of the war, must be used as a means to control the volume of money. To accomplish this, the bonds must be used as a banking basis. We are now awaiting for the Secretary of the Treasury to make his recommendation to Congress. It will not do to allow the greenback, as it is called, to circulate as money any length of time, as we cannot control that.”

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