Lincoln was indeed a Money Power Agent
left: Abe Lincoln, yet another Money Power stooge sold as a man of the people.
“If this mischievous financial policy (the Greenback), which has its origin in North America, shall become endurated 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.” –Times of London
This famous quote, a classic in the Greenback movement, has been debunked: it’s not in the Times of London archives.
Lincoln is way overrated by the conspiracy scene. In fact: Government printed interest-bearing cash is a Money Power operation. Just like with Marxists nationalizing all: the question is who owns the state.
It aches my heart to admit it, but for the longest time I thought Lincoln was a Prince of the People, until I got re-educated in no uncertain terms by Name789, the man behind the wonderful website http://www.yamaguchy.com. Most of the information in the article, and then some, can be found in this post by his hand.
Here’s some of the (finagled) wisdom I learned from him.
To begin with, there is this urban legend that the Rothschilds tried to force 30% Gold upon Lincoln. This is total nonsense: anybody with good credit could borrow at 6% at the time:
”I simply wish to say to the chairman of the Committee on Finance [Mr. Fessenden] that any merchant in the United States with good securities can to-day borrow $1,000,000 at six per cent. I can, with good securities; and so can my friend from Maine.” Senator Chandler in the Senate February 13th 1862, during the greenback debate.
The Urban Legend then continues with the story that Abe Lincoln was instructed by a Colonel Dick to print his own currency and that Abe was much relieved by this alchemy.
More nonsense: at the time the Treasury routinely circulated debt free Treasury notes. The ins and outs of this tool was common knowledge among senior politicians, of which Lincoln, who had been in Washington for 30 years, certainly was one.
Furthermore, throughout his career Lincoln had been agitating for a (privately owned) ‘National Bank’, the Nicholas Biddle kind of operation that Andrew Jackson (despite his many faults) heroically busted. Already in 1839 Lincoln is on record as saying in the House:
“Again, as to the contractions and expansions of a National Bank, I need only point to the period intervening between the time that the late Bank got into successful operation and that at which the Government commenced war upon it, to show that during that period, no such contractions or expansions took place. …… We do not pretend, that a National Bank can establish and maintain a sound and uniform state of currency in the country, in spite of the National Government; but we do say, that it has established and maintained such a currency, and can do so again, by the aid of that Government; and we further say, that no duty is more imperative on that Government, than the duty it owes the people, of furnishing them a sound and uniform currency.”
Lincoln was a ‘national Whig’. As such he favored Central Banking and the truth is he would have signed the Federal Reserve Act any time.
The main problem with the ‘interest-free, debt-free Greenback’ was that it was….neither debt-free, nor interest-free.
What was the Greenback? There were $450million non-interest-bearing US notes, backed by $500million bonds bearing 6% interest (the 5/20s) and there were ~$1,000million Treasury notes bearing 6-7.3% interest.
Worse still: Lincoln’s hand-picked Secretary of the Treasury and the whig crew in Congress weren’t finished; the people who gave us greenbacks intended to give us permanent national debt; so, 1,000million currency obligations were turned into 40-year gold bonds.
There you have it: the ‘debt-free’ paper they circulated as Greenbacks were backed by bonds at 6%, while they were later turned into 40 year gold bonds.
Lincoln was a useful idiot at best
He accomplished everything for the Money Power: (permanent) national indebtedness, strong central government, national banking system, national currency based on this indebtedness; everything that Henry Clay in 1841 couldn’t.
Please note in particular: strong central Government, ‘National’ Banking System, ‘National’ Currency.
The Money Power was behind this agenda, which destroyed classical American decentralized political power, individualism and State rights.
Many people in the alternative media believe this is a boon: it is not, one knows a tree by its fruit and the American Empire has been an incredible scourge to the world. To many Americans even today the Government seems not too bad, but just ask the dozens of nations who have been decimated by the Government, from Germans, to Koreans, Cambodians, Vietnamese, Iraqi’s, etc. In all these wars the US was the Money Power’s Golem: doing their bidding as their, dimwitted, brutish goon.
So why was he murdered? Nobody knows. Perhaps his work was finished and he did seem to have resisted certain even more extreme measures. Name789: “Between 1866 and 1868 Senator Doolittle said many times that Lincoln would not have gone along with radical reconstruction (to “reduce States to the condition of territories and citizens[whites] to the grade of vassals”). That would have been a lot more plausible reason for wasting him.”
It’s the same with Garfield, who was also murdered and later made into a hero of the people, while during his life he was a reliable spokesman for banker bonds and Gold.
The Money Power always owns both sides of the conflict and the Civil War was no exception. They wanted the war and they got it. It gave them everything they wanted, including eternal indebtedness, their main hallmark.
Of course it had nothing to do with slavery, which would have ended anyway, as it did throughout the civilized world without war.
Lincoln declared war without consulting Congress and creating ‘facts on the ground’, which has done immeasurable damage to the rights of Legislative. The Executive has been getting away with this kind of nonsense ever since: up to this very day Presidents start phoney wars all over the place, unhindered by an emasculated Congress.
During the war Lincoln had tens of thousands of people in the North arrested for opposing it. During riots throughout the country he had the Army repress them by shooting the protesters en masse.
In short: he was a tyrant of the worst kind.
Lincoln was a Money Power Agent. He accomplished everything the Money Power wanted: permanent indebtedness, power centralization in Washington and a ‘national’ (central banking) currency plus ‘national’ (privately controlled) banking system.
Clearly this has important ramifications for how we believe the opposition and its monetary agenda should look like.
The main lesson is that centralization of power is an eternal tell-tale of the enemy.