Posts Tagged ‘slavery’

Rise of the US Dollar

By 1865, the South’s infrastructure was totally destroyed, and because they had been so sure of the war’s outcome, the bankers had gotten the legislators to pass the National Bank Act as early as 1863. That had given the country a single currency and put an end to wildcat banking.

As soon as the war ended, Lincoln who wanted reconciliation was assassinated, and the carpetbaggers, lawyers and bankers, moved in with huge amounts of dollars and rebuilt the infrastructure in record time. Where did all that money come from?

In 1913, the Federal Reserve Board Act was passed which meant that private bankers officially controlled the US monetary system. The Act clearly stated that “its (FED) monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government.”

Many people are unaware that the US Constitution does not give the Federal Government the right to print paper money and that the U.S. dollar is a Federal Reserve Board Dollar. In 1792, the United States Code, Title 12, Section 152 gave the Federal Government the right to coin silver and gold, but that’s all. The States did delegate a few defined powers to the Federal Government, but printing money was not one of them. Furthermore, the tenth amendment states that the powers not delegated to the United States by the Constitution, nor prohibited by it, are reserved to the States respectively, or to the people. If the Federal Reserve Dollars that people have in their wallets today aren’t issued by either the Federal or State Governments, does it mean they’re counterfeit?

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American Civil War

In 1848, the bankers drew a straight line across the South in order to keep the Catholic Mexicans to the south and a straight line across the North in order to keep the Catholic French and the Loyalists to the north. America would become a nice big coast-to-coast chunk of English Protestant real estate. It was time to get the melting pot going.

The West was opened, and people of all races started populating it. It was the start of the Wildcat Banking Years, or better, a period of lawlessness and genocide. However, the bandits and the killers were eventually reined in, the Indians were parked on Reserves, real bankers opened real banks, and the transcontinental railway was built. The melting pot stopped boiling over.

In 1863, the USA was a country with undisputed borders, but there was one geographical area that was not in sync with the rest of America—the South—and something had to be done. Cotton was on the wane and the bankers wanted the South to join the vibrant market economy to the North. Moreover, there were huge oil reserves in the South and they weren’t about to let it secede from the Union.

If HR was to have its way, the South’s old structures would have to be completely destroyed. But having a democracy declare war is always tricky business, and the South was not about to attack the North, for it didn’t have the means and didn’t have to. All it had to do was stay put and secede. So, if something was to be done, it was up to the North. As it so happened, slavery was a hot issue in the North and HR backed the candidacy of Abraham Lincoln, a staunch advocate for National Union and racial equality. It was rather easy to get the Northerners worked up over the issue of slavery and they declared war the minute the South seceded from the Union. But slavery was not the real issue; the North was every bit as racist as the South. When Abraham Lincoln declared war on the South in 1861, he clearly stated that it was to preserve the Union. That was the truth and that’s what HR wanted.

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