Money. Part 2.

Benjamin Franklin, John Adams and Thomas Jeffe...
Benjamin Franklin, John Adams and Thomas Jefferson writing the Declaration of independence (1776) were all of British descent. (Photo credit: Wikipedia)

by Jerry Alatalo

June 8, 2013

Alabama representative Howard Milford wrote “the American Plutocracy” in 1895. An excerpt reads:

“Without the use of either gold or silver, Rome became mistress of the commerce of the world. Her people were the bravest, the most prosperous, the most happy, for they knew no grinding poverty. Her money was issued directly to the people, and was composed of a cheap material-copper and brass-based alone upon the faith and credit of the nation. With this abundant money supply she built her magnificent courts and temples. She distributed her lands among the people in small holdings, and wealth poured into the coffers of Rome…”

How things changed. Julius Caesar changed the monetary system after that, when he brought in the gold money for the very rich. Caesar was killed by assassination, the copper/brass money was removed from circulation and a depression was the result.

So the monetary system battles go back a very long way.

Around the year 1100 A.D. the bankers were the goldsmiths. If they chose to make the gold money plentiful, the economy was good. If they chose to make the gold money scarce, the inevitable depression would occur with the goldsmiths able to buy up the people’s assets for pennies on the dollar.

Yes the monetary system battles go back a very long way.

At this point we make a personal observation. As we mentioned earlier, we pray that this information in no way hurts you. It is information which could obviously be the source of discouragement and depression. But fear not. The changes are on the way. This unfortunate monetary situation the world’s people are struggling with is in the process of being changed and soon.

The bank of England began in 1694 and the bankers asserted their control through the manipulating of England’s money measure. One of the members of the bank of England William Paterson (1658-1719):

“The bank hath benefit of interest on all monies which it creates out of nothing.”

What a straight ahead statement that was. The bank lent the English government the money for their wars to the point where 75% of English tax revenues were for interest payments on war bonds. It seems war is good and earns a tidy profit, for those who lend money to the governments who fight them. The only word that comes to mind is hideous.

Citizens and nations became more and more indebted to banks as things went from bad to worse.

The war of independence in America was all about money and who controls its creation. The colonists were determined to break free from the private banks of England. Why does it seem that none of us came across this fact of America’s war for independence in any of our history books?

Benjamin Franklin said the following:

Experience, more prevalent than all the logic in the world, has fully convinced us all, that it (paper money issued directly by government) has been, and is now of the greatest advantages to the country.”

The government having no interest to pay to anyone is the crux of the matter.

So in the year 1764 Britain’s parliament passed a law where taxes needed to be paid with gold backed money. This did not sit well with the colonists. Americans were angry and did everything they could to get around England’s gold-backed monetary system. Americans were in a situation where they were forced to buy everything using only England’s gold-backed money. Revolution began in 1775.

How many of us are aware that the American war of independence was over the control of the monetary system. Did anyone read about this in their American history books?

One more war in the long line of wars fought over money, power, natural resources and control. Wars with their killing, maiming and incalculable negative consequences. If only the human race could have learned the golden rule, “do unto others as you would have done unto you” hundreds of years ago there would be no need for these writings. Unfortunately these writings are necessary even though the human race is experiencing a rise in consciousness at this time. The word must go out for every man, woman and child on Earth to experience the same rise in spiritual consciousness.

The First Bank of the United States came in 1782 and eventually got a twenty year charter to control  the money supply for the nation.

Thomas Jefferson said:

“I wish it were possible to obtain a single amendment to our constitution… taking from the federal government the power of borrowing.”

Jefferson also said:

“This institution (private-owned central banks) is one of the most deadly hostility against the principles of our constitution… Suppose a series of emergencies should occur… An institution like this… In a critical moment might overthrow the government.”

Jefferson said the following words in 1815 which drives the point firmly home:

“The treasury, lacking confidence in the country, delivered itself bound hand and foot to bold and bankrupt adventurers and bankers pretending to have money, whom it could have crushed at any moment… These jugglers were at the feet of government. For it was not any confidence in their frothy bubbles, but the lack of all other money, which induced people to take their paper… We are now without any common measure of value of property, and private fortunes are up or down at the will of the worst of our citizens… As little seems to be known of the principles of political economy as if nothing had ever been written or practiced on the subject.”

Think about these, Thomas Jefferson’s words, deeply, as the current Federal Reserve bank‘s charter comes up for renewal in the year 2013. We are going to make this prediction. We believe the prediction will come true. The American people will come to a full awareness of how important this issue is, that monetary reform will be the only choice without alternative.

We will take a look at some words of second President John Adams (1735-1826):

“All the perplexities, confusion and distress in America rise, not from defects in their constitution or confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation.”

Adams’ quote points to the need for all Americans to become informed on monetary policy and the immediate need for monetary reform.

Thank God that once the American people become informed on monetary policy they will adopt the spirit that during the revolutionary war George Washington conveyed when addressing his troops in 1776:

“The fate of unborn millions will now depend, under God, on the courage and conduct of this army… We have, therefore, to resolve to conquer or die.”

This spirit will be essential in the winning of this last war to defeat debt slavery on this planet once and for all.

The model to follow would be that which Mahatma Gandhi utilized in the successful struggle for India’s independence. That model is non-violence.

Private central banks gained a twenty year charter in 1791 to issue the nation’s currency. In 1811 the twenty year charter was up for renewal. In no uncertain terms England threatened war if the renewal was not successful. The charter was not renewed. Five months later the War of 1812 began.

Jefferson had it right. Congress and only Congress can issue the nation’s currency at no interest to anyone.

Jefferson said:

“And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large-scale.”

In 1816 the banks were back in control. Jefferson said:

“The treasury, lacking confidence in the country, delivered itself bound hand and foot to bold and bankrupt… bankers pretending to have money, whom it could have crushed at any moment…”

Despite Jefferson a new twenty year charter was given to the 2nd Bank of the United States in 1816. The English debt-money system was back in place

History moves on to 1832 and an American hero Andrew Jackson. Andrew Jackson ran for the presidency in 1832 with his campaign slogan being “Jackson and no bank”. He made up his mind to rid the country of the private, debt-based banks along with their control of the issuing of currency. We will include a number of President Jackson’s quotes at this point as he was among those who most strongly fought the élite. During his office a charter passed in Congress which Jackson vetoed.

Jackson stated in 1832:

“It is maintained by some that the bank is a means of executing the constitutional power ‘to coin money and regulate the value thereof’… Congress have established a mint to coin money and passed laws to regulate the value thereof. The money so coined, with its value so regulated, and such foreign coins as Congress may adopt are the only currency known to the constitution. But if they have other power to regulate the currency, it was conferred to be exercised by themselves, and not to be transferred to a corporation. If the bank be established for that purpose, with a charter unalterable without its consent, Congress have parted with their power for a term of years, during which the constitution is a dead letter. It is neither necessary nor proper to transfer its legislative power to such a bank, and therefore unconstitutional.”

In 1835 after removing government deposits from Rothschild banks an assassination attempt on Jackson was unsuccessful. Jackson claimed banking interests were responsible for the attempt.

The bankers threatened a depression unless Jackson’s veto was reversed. Nicholas Biddle, head of the 2nd Bank of the United States, then undertook a series of actions which contracted the money supply. Biddle made good on his promise. The money supply was intentionally restricted and a deep depression ensued with the American people suffering from the typical, bank-induced, pain of unemployment, foreclosures and loss of assets to those ready to buy up for pennies on the dollar.

President Jackson’s words in reply show a righteous indignation almost invisible in today’s Washington:

“You are a den of vipers! I intend to rout (n. an overwhelming defeat) you out, and by the eternal God I will rout you out!”

Fortunately for those of that time period the newspapers sided with President Jackson and the bank was not re-chartered. President Jackson succeeded in throwing the financial élite owned central bank out of America.

President Jackson was one of the few American Presidents who attempted and succeeded in returning the power to control the money supply measure to the people within the government.

Jackson, in his 1837 farewell address said:

“…The mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges which they have succeeded in obtaining… And unless you become more watchful in your States and check this spirit of monopoly and thirst for exclusive privileges you will in the end find that the most important powers of government have been given or bartered away, and the control of your dearest interests have been passed into the hands of these corporations.”

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