President Zachary Taylor
President Zachary Taylor opposed the creation of a new Private Central Bank, owing to the historical abuses of the First and Second Banks of the United States.
“The idea of a national bank is dead, and will not be revived in my time.ˮ – Zachary Taylor
Taylor died on July 9, 1850 after eating a bowl of cherries and milk rumored to have been poisoned. The symptoms he displayed are consistent with acute arsenic poisoning.
President James Buchanan
President James Buchanan also opposed a private central bank. During the panic of 1857 he attempted to set limits on banks issuing more loans than they had actual funds, and to require all issued bank notes to be backed by Federal Government assets. He was poisoned with arsenic and survived, although 38 other people at the dinner died.
The public school system is as subservient to the bankers’ wishes to keep certain history from you, just as the corporate media is subservient to Monsanto’s wishes to keep the dangers of GMOs from you, and the global warming cult’s wishes to conceal from you that the Earth has actually been cooling for the last 16 years. Thus is should come as little surprise that much of the real reasons for the events of the Civil War are not well known to the average American.
“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.ˮ – The Rothschild brothers of London writing to associates in New York, 1863
President Abraham Lincoln
When the Confederacy seceded from the United States, the bankers once again saw the opportunity for a rich harvest of debt, and offered to fund Lincoln’s efforts to bring the south back into the union, but at 30% interest.
Lincoln remarked that he would not free the black man by enslaving the white man to the bankers and using his authority as President, issued a new government currency, the greenback. This was a direct threat to the wealth and power of the central bankers, who quickly responded.
“If this mischievous financial policy, which has its origin in North America, shall become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe.ˮ – The London Times responding to Lincoln’s decision to issue government Greenbacks to finance the Civil War, rather than agree to private banker’s loans at 30% interest.
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.
Let the Government issue the coin and the banks issue the paper money of the country... [T]o restore to circulation the Government issue of money, will be to provide the people with money, and will therefore seriously affect your individual profit as bankers and lenders.ˮ – Triumphant plutocracy; the story of American public life from 1870 to 1920, by Lynn Wheeler
“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.ˮ – Triumphant plutocracy; the story of American public life from 1870 to 1920, by Lynn Wheeler
“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.ˮ – Triumphant plutocracy; the story of American public life from 1870 to 1920, by Lynn Wheeler
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.
France and Britain considered an outright attack on the United States to aid the confederacy, but were held at bay by Russia, which had just ended the serfdom system and had a state central bank similar to the system the United States had been founded on.
Alexander II immediately sent his fleet, headed by the frigate Oslabiya, to the New York bay. And he sent his Pacific flotilla to San Francisco with a special imperial order that it be placed under the direct command of Lincoln.
Left free of European intervention, the Union won the war, and Lincoln announced his intention to go on issuing greenbacks. Following Lincoln’s assassination, 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.
Tsar Alexander II, who authorized Russian military assistance to Lincoln, was subsequently the victim of multiple attempts on his life in 1866, 1879, and 1880, until his assassination in 1881.
“I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe.ˮ – Abraham Lincoln
“The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, and more selfish than bureaucracy.ˮ – Abraham Lincoln
“The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. 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.ˮ – Abraham Lincoln
President Andrew Johnson
In Andrew Johnson’s 1886 Fourth Annual Message (forerunner of the State of the Union), he dared question the validity and legitimacy of the accumulated debt. In particular the practice of allowing the banks to make loans using ink and paper but demanding repayment in silver and gold.
“The anomalous condition of our currency is in striking contrast with that which was originally designed. Our circulation now embraces, first, notes of the national banks, which are made receivable for all dues to the Government, excluding imposts, and by all its creditors, excepting in payment of interest upon its bonds and the securities themselves; second, legal tender, issued by the United States, and which the law requires shall be received as well in payment of all debts between citizens as of all Government dues, excepting imposts; and, third, gold and silver coin.
By the operation of our present system of finance however, the metallic currency, when collected, is reserved only for one class of Government creditors, who, holding its bonds, semiannually receive their interest in coin from the National Treasury.
There is no reason which will be accepted as satisfactory by the people why those who defend us on the land and protect us on the sea; the pensioner upon the gratitude of the nation, bearing the scars and wounds received while in its service; the public servants in the various departments of the Government; the farmer who supplies the soldiers of the Army and the sailors of the Navy; the artisan who toils in the nation’s workshops, or the mechanics and laborers who build its edifices and construct its forts and vessels of war, should, in payment of their just and hard-earned dues, receive depreciated paper, while another class of their countrymen, no more deserving are paid in coin of gold and silver.ˮ
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 in 1878, restoring to the Rothschilds control of the US economy they had lost under Andrew Jackson.
“Messrs. Rothschild & Sons to Mr. Sherman.
April 12, 1878. Hon.
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.ˮ
President James Garfield
James A. Garfield was elected President in 1880 on a platform of government control of the money supply.
“The chief duty of the National Government in connection with the currency of the country is to coin money and declare its value. Grave doubts have been entertained whether Congress is authorized by the Constitution to make any form of paper money legal tender.
The present issue of United States notes has been sustained by the necessities of war; but such paper should depend for its value and currency upon its convenience in use and its prompt redemption in coin at the will of the holder, and not upon its compulsory circulation.
These notes are not money, but promises to pay money. If the holders demand it, the promise should be kept.ˮ – James Garfield
“By the experience of commercial nations in all ages it has been found that gold and silver afford the only safe foundation for a monetary system. Confusion has recently been created by variations in the relative value of the two metals, but I confidently believe that arrangements can be made between the leading commercial nations which will secure the general use of both metals.
Congress should provide that the compulsory coinage of silver now required by law may not disturb our monetary system by driving either metal out of circulation. If possible, such an adjustment should be made that the purchasing power of every coined dollar will be exactly equal to its debt-paying power in all the markets of the world.ˮ – James Garfield
“Whoever controls the volume of money in our country is absolute master of all industry and commerce, and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.ˮ – President James A. Garfield, two weeks before he was assassinated
Garfield was shot on July 2, 1881 and died of his wounds several weeks later. Chester A. Arthur succeeded Garfield as President.
“There is too much loose talk nowadays about the danger of so much capital in the hands of a few men.ˮ – Baron Alphonso Rothschild, 1892
President William McKinley
In 1896, 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. It should all be put upon an enduring basis, not subject to easy attack, nor its stability to doubt or dispute. Our currency should continue under the supervision of the Government. The several forms of our paper money offer, in my judgment, a constant embarrassment to the Government and a safe balance in the Treasury.ˮ – 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. He was suceeded in office by Theodore Roosevelt.
February 17, 2018