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Abraham Lincoln – 16th President

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Abraham_Lincoln_seated,_Feb_9,_1864Frac­tional Bank­ing is a Ponzi scheme whereby a nations econ­omy is expanded by bor­row­ing debt from a for­eign and domes­tic hid­den group iden­ti­fied as the Fed­eral Reserve to deceive the Amer­i­can Pub­lic into think­ing it was a Gov­ern­ment Insti­tu­tion.  This group has an unknown pri­vate agenda and is funded by the inter­est pay­ments of all nations deceived into being part of this scheme.

Lin­coln was arguably our great­est pres­i­dent.  To save the “Union” In 1862 and 1863 he printed 400,000,000 dol­lars in inter­est free “Green­backs” almost to the end of the War. Con­gress refused to allow him to print more Green­backs to win the war and he was forced to bor­row from the Money Chang­ers (Bankers).  Lin­coln intended to change the nations mon­e­tary sys­tem back to Green­backs after the Elec­tion of 1865. The Bankers assas­si­nated Lin­coln under the guise of the Slav­ery and South­ern issue four­teen (14) days after his reelection.

An 1865 edi­to­r­ial in the Lon­don Times revealed :
“If this mis­chie­vous finan­cial pol­icy which had its ori­gin in North Amer­ica shall become a fix­ture that gov­ern­ment would fur­nish its own money with­out cost. It would pay off debts and be with­out debt, it would have all the money nec­es­sary to carry on its com­merce. It would become pros­per­ous with­out prece­dent in the his­tory of the world. That coun­try must be destroyed or it will destroy.”

Abra­ham Lincoln’s Mon­e­tary Pol­icy,
1865 (Page 91 of Sen­ate doc­u­ment 23.)

Money is the crea­ture of law and the cre­ation of the orig­i­nal issue of money should be
main­tained as the exclu­sive monop­oly of national Government.

Money pos­sesses no value to the State other than that given to it by cir­cu­la­tion.

Cap­i­tal has its proper place and is enti­tled to every pro­tec­tion. The wages of men should be
rec­og­nized in the struc­ture of and in the social order as more impor­tant than the wages of money.

No duty is more imper­a­tive for the Gov­ern­ment than the duty it owes the Peo­ple to fur­nish
them with a sound and uni­form cur­rency, and of reg­u­lat­ing the cir­cu­la­tion of the
medium of exchange so that labor will be pro­tected from a vicious cur­rency, and
com­merce will be facil­i­tated by cheap and safe exchanges.

The avail­able sup­ply of Gold and Sil­ver being wholly inad­e­quate to per­mit the issuance of
coins of intrin­sic value or paper cur­rency con­vert­ible into coin in the vol­ume
required to serve the needs of the Peo­ple, some other basis for the issue of
cur­rency must be devel­oped, and some means other than that of con­vert­ibil­ity
into coin must be devel­oped to pre­vent undue fluc­tu­a­tion in the value of paper
cur­rency or any other sub­sti­tute for money of intrin­sic value that may come into
use.

The mon­e­tary needs of increas­ing num­bers of Peo­ple advanc­ing towards higher stan­dards of
liv­ing can and should be met by the Gov­ern­ment. Such needs can be served by the
issue of National Cur­rency and Credit through the oper­a­tion of a National
Bank­ing sys­tem .The cir­cu­la­tion of a medium of exchange issued and backed by the
Gov­ern­ment can be prop­erly reg­u­lated and redun­dancy of issue avoided by
with­draw­ing from cir­cu­la­tion such amounts as may be nec­es­sary by Tax­a­tion,
Rede­posit, and oth­er­wise. Gov­ern­ment has the power to reg­u­late the cur­rency and
credit of the Nation.

Gov­ern­ment should stand behind its cur­rency and credit and the Bank deposits of the Nation.
No indi­vid­ual should suf­fer a loss of money through depre­ci­a­tion or inflated
cur­rency or Bank bank­ruptcy.

Gov­ern­ment pos­sess­ing the power to cre­ate and issue cur­rency and cred­its money and
enjoy­ing the right to with­draw both cur­rency and credit from cir­cu­la­tion by
Tax­a­tion and oth­er­wise need not and should not bor­row cap­i­tal at inter­est as a
means of financ­ing Gov­ern­men­tal work and pub­lic enter­prise. The Gov­ern­ment
should cre­ate, issue, and cir­cu­late all the cur­rency and credit needed to
sat­isfy the spend­ing power of the Gov­ern­ment and the buy­ing power of the
con­sumers. The priv­i­lege of cre­at­ing and issu­ing money is not only the supreme
pre­rog­a­tive of Gov­ern­ment, but it is the Gov­ern­ments great­est cre­ative
oppor­tu­nity.

By the adop­tion of these prin­ci­ples the long felt want for a uni­form medium will be
sat­is­fied. The tax­pay­ers will be saved immense sums of inter­est, dis­counts, and
exchanges. The financ­ing of all pub­lic enter­prise, the main­te­nance of sta­ble
Gov­ern­ment and ordered progress, and the con­duct of the Trea­sury will become
mat­ters of prac­ti­cal admin­is­tra­tion. The peo­ple can and will be fur­nished with a
cur­rency as safe as their own Gov­ern­ment. Money will cease to be mas­ter and
become the ser­vant of human­ity. Democ­racy will rise supe­rior to the money power.

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