Friday, 29 October 2010

Abraham Lincoln

(February 12, 1809 – April 15, 1865)

President Abraham Lincoln was an ardent opponent of the greedy money-making schemes employed by central banks. It had been tried in the USA in the early-to-mid 1800s and beat back by strong and courageous leaders, but it was firmly in control in Europe.

When the Civil War began in America, the international banking cartel agreed to a $150 million government loan package to finance the war. They would resell U.S. bonds in England with the Barings and Rothschilds, putting the United States at the mercy of the British aristocracy and international financiers.

Lincoln came up with his own plan. He decided to finance the war with U.S. Government notes, which came to be known as “greenbacks” because the backs were printed with green ink. He decided to pay for the war with money instead of with debt.

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