George Sontag
Goaded by the private bankers, much of Europe supported the Confederacy against the Union, with the expectation that victory over Lincoln would mean the end of the Greenback.
Tsar Alexander II |
After an attempt to remove Lincoln's successor failed and Johnson's administration was out of office the elitists renewed their attempts to take over the nations money supply and in 1872 New York bankers sent a letter to every bank in the United States, urging them to fund newspapers that opposed government-issued money (Lincoln's greenbacks). "Dear Sir: It is advisable to do all in your power to sustain such prominent daily and weekly newspapers... as will oppose the issuing of greenback paper money, and that you also withhold patronage or favors from all applicants who are not willing to oppose the Government issue of money. 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. Slavery is likely to be abolished by the war power, and chattel slavery destroyed. This, I and my European friends are in favor of, for slavery is but the owning of labor and carries with it the care for the laborer, while the European plan, led on by England, is for capital to control labor by controlling the wages. THIS CAN BE DONE BY CONTROLLING THE MONEY."
The Greenbacks were pulled from circulation and the American people forced to go back to an economy based on bank notes borrowed at interest from the private bankers. With the end of Lincoln's Greenbacks, the US could no longer create its own interest free money and was manipulated during the term of President Ruthford B. Hayes into borrowing from the Rothschilds banking system and in 1878, restoring to the Rothschilds control of the US economy they had lost under Andrew Jackson.
April 12,1878.
Hon. John Sherman,
Secretary of the Treasury, Washington D. C.:
Very pleased we have entered into relations again with American Government. Shall do our best to make the business successful. - ROTHSCHILDS.
President James Garfield |
It appeared that their control wouldn't last long when James A. Garfield was elected President in 1880 on a platform
"The chief duty of the National Government in connection with the currency of the country is to coin money and declare its value. He who controls the money supply of a nation controls the nation". -- James Garfield
Garfield was shot on July 2, 1881 and died of his wounds several weeks later.
President William McKinley |
The next challenge to the elitists was in 1896 when William McKinley was elected President in the middle of a depression-driven debate over gold-backed government currency versus bank notes borrowed at interest from private banks. McKinley favored gold-backed currencies and a balanced government budget which would free the public from accumulating debt. "Our financial system needs some revision; our money is all good now, but its value must not further be threatened. Our currency should continue under the supervision of the Government."
-- William McKinley
McKinley was shot by an out-of-work anarchist on September 14, 1901, in Buffalo, NY, succumbing to his wounds a few days later.
In the early years of our nation, leading up to the beginning of the twentieth century, there is a pattern of behind the scenes activity that are linked by one common thread - the take over of the government of the United States by mean of controlling it's purse. This pattern continues as we will discuss in our next installment.
*Text by Michael Rivero
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