Money and Debt: A Solution to the Global Crisis

There are three PDF files that contain the three parts of the book, respectively.

Part I   Political Money and the Debt Imperative: Why the Budget Can’t Be Balanced

Part II   Freedom and the Monetary Ideal

Part III   Segregated Monetary Functions and an Objective, Global, Standard Unit of Account

This book can be downloaded free but copyright restrictions remain.

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One response to “Money and Debt: A Solution to the Global Crisis

  1. Money and debt, page 12:–
    >>>>>Money, and the role of the government with respect to money, have been recurrent issues throughout our nation’s history since colonial times. The study of this history is extremely enlightening in helping to understand not only the economic picture, but the whole panorama of historical events. Some notable episodes are

    >>>>Andrew Jackson’s confrontation with the international banking cartel (Jackson called them “a den of vipers”) over the re-establishment of a central bank (the Bank of the United States),

    —Jackson did not confront the “international banking cartel”, he only confronted what I term the circle of friends of Baring & brothers;
    there was an other circle of friend, the Frankfurt circle of friends, Jackson and wannabe bankers in the United States (who supported senators and representatives who prevented the congressional over-ride of the vato) played into the hands of the Frankfurt friends
    for some reason the Frankfurt friend did not want a BankoUS-like central bank, they wanted a system, a network of banks

    ” Nothing but providing for the collection of the public revenue without the instrumentality of banks, can prevent the incorporation of a new federal bank, before three years are over. A large portion of those who have been instrumental in destroying the present one, have been actuated by no motives in the world, but the desire of having a fresh speculation in bank stock to gamble with, and if the real opponents of such a bank upon principle, do not unite in some plan of separating the government from the banking system, they, or their children will live to see the day, when the country will again be convulsed from one extremity to another, as it has been of late.” —Condy Raguet, 1834.

    (since 1836-7 the portrait of Andrew Jackson hangs in the London office of NMR)

    >>>>> Abraham Lincoln’s issuance of currency (called “greenbacks”) directly by the Treasury, which saved the cost of interest and enraged the bankers,
    —the bankers were not enraged, some bankers (like James Gallatin) were unhappy, but it was bankers who wanted greenbacks; had the bankers, and their senators and congressmen, opposed the greenback, the legal tender clause would not have passed (in the Senate it was none other than John Sherman who advocated and voted for the legal tender clause, and the act itself)
    the Frankfurt friends wanted a national currency bank system, and Lincoln & crew gave it to them
    “Thus are secured all the benefits of the old United States Bank without many of those objectionable features which aroused opposition. …. It will be as if the Bank of the United States had been divided into many parts, and each part endowed with the life, motion, and similitude of the whole, revolving in its own orbit, managed by its own board of directors, attending to the business interests of its own locality; and yet to the bills of each will be given as wide a circulation and as fixed a value as were ever given to those of the Bank of the United States in its palmiest days. …..” —said Mr. Hooper (one of the fathers of greenback) in 1862

    >>>>> President James Garfield’s insistence that the government honor its obligation by redeeming the “greenbacks” in gold at full face value,
    what is so special about that? on February 6, 1862, Thaddeus Stevens (future grand old commoner) himself stated in the House that greenbacks would be repaid in gold

    >>>>William Jennings Bryan’s “Cross of Gold” speech, and
    Jennings Bryan was instrumental in the Federal Reserve Act………

    >>>>>the secret maneuverings which led up to the passage of the Federal Reserve Act in 1913.
    nothing special, either, the FedResAct was merely an adjustement, a reorganization of the National currency Bank System, givent to us by Lincoln &co.
    who were the fathers of the FedResAct? Paul Warburg and Edwin Seligman (1861-1939), professor of economics, son of Joseph Seligman (1819-1880) who, along with August Belmont, advised Abraham Lincoln and Portland Chase what sort of banking (and currency) system to establish

    the history of greenbacks—
    http://www.yamaguchy.com/library/spaulding/green_index.html

    the history of central banking etc. in the United States—
    http://www.yamaguchy.com/library/uregina/speeches.html

    a few facts to show that all those who sell books and other products on the mythological Lincoln and ‘his’ Greenbacks are liars—
    http://name789.wordpress.com/

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