“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. ”
Thomas Jefferson
Thomas Jefferson
A sovereign nation can print up it’s own money debt-free. The U.S. pays for the paper, ink, employees, building , etc. so… “Who Do We Owe?” If the American dollar was backed by gold or silver then the metal would need to be purchased, but with a “Fiat Currency", that has no precious metals backing, the only expense is the paper it’s printed on!!!
Please watch the 3 videos below on money, the Federal Reserve, and The Crime of the Canadian Banking System to understand our nation’s banking system and what happened when last century Canada Created it's own money debt-Free. You’ll also see that this isn't the first time it's ever happened as Abraham Lincoln instructed the U.S. treasury to print up Debt-Free Green-Backs to finance the War Between The States.
Please watch the 3 videos below on money, the Federal Reserve, and The Crime of the Canadian Banking System to understand our nation’s banking system and what happened when last century Canada Created it's own money debt-Free. You’ll also see that this isn't the first time it's ever happened as Abraham Lincoln instructed the U.S. treasury to print up Debt-Free Green-Backs to finance the War Between The States.
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The videos above about Canada offer an excellent example of how a Nation can create it's own money debt-free! Our neighbor to the north, Canada did so between the years of 1935-1974 until influence from the International Banking System stopped it. Don't miss the “The Crime Of The Canadian Banking System” presented in 2 parts and see how successful the “Great Canadian Experiment” was. Note that all nations should adopt a similar system with restraints on the "Supply of Money". With America's lesson about the inflation of The Continental Currency during the Revolutionary War, perhaps any paper currency should be backed with Precious Metals.
A London Times Editorial in response with Lincoln’s experiment with Green-Backs:
“If that mischievous financial policy, which had it’s origin in the North American Republic during the later war in that country (the Civil War), should become indurated down to a fixture, then that Government will furnish it’s own money without cost.It will pay off it’s debts and be without debt. It will have all the money necessary to carry on it’s commerce. It will become prosperous beyond precedent in the history of civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.”
(Quoted in Gertrude Margaret Coogan, Money Creators{Hawthorne, Cal.:Omni Publications, 1974}, p. 217..Also p. 190 5000 year Leap.
“If that mischievous financial policy, which had it’s origin in the North American Republic during the later war in that country (the Civil War), should become indurated down to a fixture, then that Government will furnish it’s own money without cost.It will pay off it’s debts and be without debt. It will have all the money necessary to carry on it’s commerce. It will become prosperous beyond precedent in the history of civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.”
(Quoted in Gertrude Margaret Coogan, Money Creators{Hawthorne, Cal.:Omni Publications, 1974}, p. 217..Also p. 190 5000 year Leap.