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Old 03-09-2009, 08:10 PM
 
19,346 posts, read 17,427,143 times
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Abraham Lincoln's "Bank War"

Most large commercial banks organized themselves according to the new system, and many new large banks were formed, as national banks. Despite historically unprecedented financing needs, the government raised, and printed, the cash to fight and win the Civil War. With the combination of banking, tariff, educational, and agricultural measures enacted under Abraham Lincoln, the United States began the greatest period of industrial development ever seen anywhere.

...

Lincoln appointed McCulloch as treasury secretary in March, 1865. The following month the war ended, and Lincoln was assassinated. McCulloch and his international banking allies quickly went on the offensive against Lincoln's entire economic program. Secretary McCulloch called for the greenbacks to be retracted, so that only gold would once again be legal tender -- and so that farm prices and other values would fall so fast that the country could be bought for a song by the British banking syndicate. (McCulloch later helped the syndicate destroy the patriotic banker Jay Cooke, and took over Cooke's company when it failed.)


The financiers caused the depression and then they profited from it. Why don't we see the Lincoln interest free green back? Isn't it obvious? Wall Street thinks we need more bank credit. That's the ticket.
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Old 03-10-2009, 09:42 AM
 
Location: Charlotte, NC
2,193 posts, read 4,756,362 times
Reputation: 1075
Ever since I started reading your posts and reading up on this, it seems so obvious now. All the answers are soooo incredibly stupidly simple.

Unfortunately the masses are brainwashed by CNN. If CNN told us 2+2=5, we'd believe it. That's how heavily influenced we are by them.

I have stopped watching the stupidity on TV now. If I turn it on every so often, I can't stand it!

Thanks for all the info you post.
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Old 03-10-2009, 10:24 AM
 
Location: western East Roman Empire
8,495 posts, read 12,395,780 times
Reputation: 8823
One of the things I learned through my study of financial economics is "don't get high on the money supply".

Now you know who our drug dealers are.

The only difference between mafia and government is that the latter rules in the name of legality.

The monster had two heads, but the body is one.

The job of the good and the productive is to civilize the beast, part of the human condition, the Sisyphean task, Gilgamesh, etc., it's all there.

I stopped watching television in 1993, and I love myself for it.

I give gwynedd1 rep everytime the system allows me to do so, thanks again.
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Old 03-10-2009, 10:41 AM
 
22,769 posts, read 28,468,673 times
Reputation: 14645
The link is dead..

but the first thing that came to my mind is perhaps the banking system had nothing at all to do with the rapid industrialization of that day.
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Old 03-11-2009, 06:33 PM
 
105 posts, read 205,221 times
Reputation: 33
Quote:
Originally Posted by gwynedd1 View Post
Abraham Lincoln's "Bank War"

Most large commercial banks organized themselves according to the new system, and many new large banks were formed, as national banks. Despite historically unprecedented financing needs, the government raised, and printed, the cash to fight and win the Civil War. With the combination of banking, tariff, educational, and agricultural measures enacted under Abraham Lincoln, the United States began the greatest period of industrial development ever seen anywhere.

...

Lincoln appointed McCulloch as treasury secretary in March, 1865. The following month the war ended, and Lincoln was assassinated. McCulloch and his international banking allies quickly went on the offensive against Lincoln's entire economic program. Secretary McCulloch called for the greenbacks to be retracted, so that only gold would once again be legal tender -- and so that farm prices and other values would fall so fast that the country could be bought for a song by the British banking syndicate. (McCulloch later helped the syndicate destroy the patriotic banker Jay Cooke, and took over Cooke's company when it failed.)


The financiers caused the depression and then they profited from it. Why don't we see the Lincoln interest free green back? Isn't it obvious? Wall Street thinks we need more bank credit. That's the ticket.

I think it's been time for closing down of debts in Federal, State, Local, Business and public. Not popular with many but thats what I believe. Heck, keep my debt for the rest of my life and give younger persons in life that have heavy collage loans and other debts a fresh start.

Deuteronomy 15:1
מקץ שבע שנים תעשה שמטה׃
"At the end of every seven years you shall grant a remission of debts."

Deuteronomy 31:10
ויצו משה אותם לאמר מקץ שבע שנים במעד שנת
השמטה בחג הסכות׃
Then Moses commanded them, saying, "At the end of every seven years, at the time of the year of remission of debts, at the Feast of Booths,
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Old 05-26-2009, 09:09 AM
 
1 posts, read 2,620 times
Reputation: 10
The Banks of Europe wanted to charge Lincoln 24 -30 percent for loans to fight the war. This forced him to print greenbacks. The European banks have always attempted the control of the U.S. and succeeded in 1913 with the Federal Reserve. President Garfield was also against such a European
Banking system and he too was assassinated.
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Old 05-26-2009, 09:49 AM
 
Location: Albemarle, NC
7,730 posts, read 13,356,876 times
Reputation: 1508
//www.city-data.com/forum/busin...reenbacks.html

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