Iolchan
03-08-2012, 09:45 PM
Get Educated /
Be Educated !
Prior to the Currency Act of 1764 (https://www.google.com/search?q=), the Thirteen Colonies were able to print {that is, create} their own interest-free money. Concerning this, Benjamin Franklin wrote: "There was abundance in the Colonies, and peace reigned on every border. It was difficult, even impossible, to find a happier and more prosperous nation on all the surface of the globe. Comfort prevailed in every home. The people, in general, kept the highest moral standards, and education was widely spread.
"We have no poorhouses in the Colonies, and if we had some, there would be no one to put in them, since in the Colonies there is not a single unemployed person, not a beggar nor a tramp.
"In the Colonies, we issue our own paper money. It's called 'Colonial Scrip.' We issue it to pay the government's approved expenses and charities. We make sure it's issued in proper proportion to make the goods pass easily from the producers to the consumers. In other words, we make sure there is always adequate money in circulation for the needs of the economy.
"In this manner, by creating ourselves our own paper money, we control its purchasing power, and we have no interest to pay, to anyone. You see, a legitimate government can both spend and lend money into circulation, while banks can only lend significant amounts of their promissory bank notes, for they can neither give away nor spend but a tiny fraction of the money the people need.
"Thus, when your bankers here in England place money in circulation, there is always a debt principal to be returned and usury to be paid. The result is that you have always too little credit in circulation to give the workers full employment. You do not have too many workers, you have too little money in circulation, and that which circulates, all bears the endless burden of un-payable debt and usury."
Franklin added that this was "the original and true cause of the American Revolution;" and not the tax on tea or the Stamp Act, as has been taught our children for generations in "history" books. The Financiers (bankers) of every generation manage to have removed from school books any information that can throw light on their own schemes and fraudulent actions that protect their power over the people.
Franklin, one of the chief architects of American independence, put it clearly: "The Colonies would gladly have borne the little tax on tea and other matters had it not been for the poverty created by the bad influence of the English Bankers on the Parliament, which has caused in the Colonies hatred of England and the Revolutionary War."
Source: https://www.thetruthseeker.co.uk/article.asp?ID=3203
(https://www.thetruthseeker.co.uk/article.asp?ID=3203)Google Advanced Search: "Currency Act of 1764" , Franklin, "Colonial Scrip"
A Question :
Well, you may now ask, "What does all this have to do with the present?" Much every way. The Financiers of this generation, through the crash of the mortgage derivatives bubble and the TARP bail-out, have looted the economy and the people in an unprecedented manner. We have all been witnesses.
We are now sold the bill of “scarcity” and told that there is no money left, or available to pay for schools for the young – or to keep the parks open or to keep the roads in rural districts paved, even though both wings of the Duopoly at the helm of the Federal government, seem intent on pursuing the criminal expediency of endless un-declared and un-Constitutional foreign Wars against endless enemies…
I confess, I never learned about the existence or the significance of ‘Colonial Scrip’ during all my years in the Public School system. Nor did I know that the thirteen original States were empowered to create credit within their own jurisdictions under the Articles of Confederation.
I did not learn about any of that in College. Is it even taught? In spots, perhaps - in graduate-level economics & history classes. And, I suspect, it is taught in Prep Schools; to the children of the rich. Look out kid; they keep it all hid.
It was not until I was thirty-six years old, and stumbled across the strange truth that the Federal Reserve Bank is a privately-owned Joint-Stock Corporation, after the model of the original charter of the Bank of England, that I began to study economics on my own, with a heavy emphasis on the old books – the ones written prior to World War Two.
After seven years of solitary, driven, extra-curricular study, I was able to write the Article, “The Problem With The Federal Reserve (https://www.paleoprogressives.org/problem-with-the-fed.html)” – a sort of Systems-analysis of the Fed for Dummies { i.e., po’ folks.} And, twenty years after I began my studies, I was able to write Amendment XXVIII (https://www.waccobb.net/forums/showthread.php?84771-Amendment-XXVIII). In truth, it practically wrote itself.
I would heartily encourage all of you, who value Education – and the future of the Young - to copy the document, print a hard copy, and merrily fax it wherever you think there may be eyes or ears willing to look, see, or listen. Here is {a portion of} what I wrote about it in my Apology:
“Borrowing a page from the Articles of Confederation, Amendment XXVIII grants, once again, to the State Governments the power to create Credit within their own jurisdictions. This will be of great help to the infra-structure and to Health, Education, and Welfare within the fifty states. And it will serve the Interest of the People; though it displease the banking elites and their minions.
“Since State governments are empowered to grant charters to State Banks, which enable these Banks to create Credit, States also should be empowered to Create, with the stroke of a pen, sufficient Credit within their own jurisdictions to assist Human needs…
“Significantly, Amendment XXVIII also grants the fifty States the power to create credit within their own sovereign jurisdictions, to meet their crushing deficit burdens, instead of having to float endless bond issues and borrow more "money" at interest from banks and investors of the bond-holding class. The Articles of Confederation, drafted by the revolutionary Continental Congress of 1777, allowed the States this power - and it should be restored to the several States, in order for there to be a healthy society in North America.
"Thus, Clause 9 reads: "Furthermore, it amends and modifies Article I, Section 10, clause 1, to empower State Treasuries to create [a limited amount of] non-inflationary Credit, in the form of check-book money in order to meet the pressing needs of the States." "
And here is the portion of the Amendment that is relevant to the task of restoring to the several states the power to create Credit, in the service of the common-weal, and well-being of the People:
[SECTION 6.] Each of the State Treasury departments, of each of the fifty States, are also hereby empowered, by the same creative principle [formerly given by charter to banks] to create Credit within their own jurisdictions, in the form of checks, signed by the State comptrollers, in accordance with appropriations made by the State legislatures, for the purpose of maintaining State institutions, infrastructure, and salaries.
[SECTION 7.] In accordance with the provisions of this Article, all banks and financial institutions in America shall receive new charters from the Treasury. The U.S. Treasury and the Sub-Treasury Common-Wealth Central Bank {and the State Treasuries} shall henceforth have the unique and sole power within the nation to create Credit – a function formerly granted by the government [ and thus erroneously delegated ] only to Banks. Henceforth private banks may charge interest, to service accounts.
[SECTION 8.] In Sum, this Article defines, and enhances the powers granted to Congress and the Treasury, under Article I, Section 8, Clause 5, of this Constitution. Furthermore, it amends and modifies Article I, Section 10, Clause 1, to empower State Treasuries to create [a limited amount of] non-inflationary Credit, in the form of check-book money in order to meet the pressing needs of the States.
Very sincerely,
Mark Walter Evans
Be Educated !
Prior to the Currency Act of 1764 (https://www.google.com/search?q=), the Thirteen Colonies were able to print {that is, create} their own interest-free money. Concerning this, Benjamin Franklin wrote: "There was abundance in the Colonies, and peace reigned on every border. It was difficult, even impossible, to find a happier and more prosperous nation on all the surface of the globe. Comfort prevailed in every home. The people, in general, kept the highest moral standards, and education was widely spread.
"We have no poorhouses in the Colonies, and if we had some, there would be no one to put in them, since in the Colonies there is not a single unemployed person, not a beggar nor a tramp.
"In the Colonies, we issue our own paper money. It's called 'Colonial Scrip.' We issue it to pay the government's approved expenses and charities. We make sure it's issued in proper proportion to make the goods pass easily from the producers to the consumers. In other words, we make sure there is always adequate money in circulation for the needs of the economy.
"In this manner, by creating ourselves our own paper money, we control its purchasing power, and we have no interest to pay, to anyone. You see, a legitimate government can both spend and lend money into circulation, while banks can only lend significant amounts of their promissory bank notes, for they can neither give away nor spend but a tiny fraction of the money the people need.
"Thus, when your bankers here in England place money in circulation, there is always a debt principal to be returned and usury to be paid. The result is that you have always too little credit in circulation to give the workers full employment. You do not have too many workers, you have too little money in circulation, and that which circulates, all bears the endless burden of un-payable debt and usury."
Franklin added that this was "the original and true cause of the American Revolution;" and not the tax on tea or the Stamp Act, as has been taught our children for generations in "history" books. The Financiers (bankers) of every generation manage to have removed from school books any information that can throw light on their own schemes and fraudulent actions that protect their power over the people.
Franklin, one of the chief architects of American independence, put it clearly: "The Colonies would gladly have borne the little tax on tea and other matters had it not been for the poverty created by the bad influence of the English Bankers on the Parliament, which has caused in the Colonies hatred of England and the Revolutionary War."
Source: https://www.thetruthseeker.co.uk/article.asp?ID=3203
(https://www.thetruthseeker.co.uk/article.asp?ID=3203)Google Advanced Search: "Currency Act of 1764" , Franklin, "Colonial Scrip"
A Question :
Well, you may now ask, "What does all this have to do with the present?" Much every way. The Financiers of this generation, through the crash of the mortgage derivatives bubble and the TARP bail-out, have looted the economy and the people in an unprecedented manner. We have all been witnesses.
We are now sold the bill of “scarcity” and told that there is no money left, or available to pay for schools for the young – or to keep the parks open or to keep the roads in rural districts paved, even though both wings of the Duopoly at the helm of the Federal government, seem intent on pursuing the criminal expediency of endless un-declared and un-Constitutional foreign Wars against endless enemies…
I confess, I never learned about the existence or the significance of ‘Colonial Scrip’ during all my years in the Public School system. Nor did I know that the thirteen original States were empowered to create credit within their own jurisdictions under the Articles of Confederation.
I did not learn about any of that in College. Is it even taught? In spots, perhaps - in graduate-level economics & history classes. And, I suspect, it is taught in Prep Schools; to the children of the rich. Look out kid; they keep it all hid.
It was not until I was thirty-six years old, and stumbled across the strange truth that the Federal Reserve Bank is a privately-owned Joint-Stock Corporation, after the model of the original charter of the Bank of England, that I began to study economics on my own, with a heavy emphasis on the old books – the ones written prior to World War Two.
After seven years of solitary, driven, extra-curricular study, I was able to write the Article, “The Problem With The Federal Reserve (https://www.paleoprogressives.org/problem-with-the-fed.html)” – a sort of Systems-analysis of the Fed for Dummies { i.e., po’ folks.} And, twenty years after I began my studies, I was able to write Amendment XXVIII (https://www.waccobb.net/forums/showthread.php?84771-Amendment-XXVIII). In truth, it practically wrote itself.
I would heartily encourage all of you, who value Education – and the future of the Young - to copy the document, print a hard copy, and merrily fax it wherever you think there may be eyes or ears willing to look, see, or listen. Here is {a portion of} what I wrote about it in my Apology:
“Borrowing a page from the Articles of Confederation, Amendment XXVIII grants, once again, to the State Governments the power to create Credit within their own jurisdictions. This will be of great help to the infra-structure and to Health, Education, and Welfare within the fifty states. And it will serve the Interest of the People; though it displease the banking elites and their minions.
“Since State governments are empowered to grant charters to State Banks, which enable these Banks to create Credit, States also should be empowered to Create, with the stroke of a pen, sufficient Credit within their own jurisdictions to assist Human needs…
“Significantly, Amendment XXVIII also grants the fifty States the power to create credit within their own sovereign jurisdictions, to meet their crushing deficit burdens, instead of having to float endless bond issues and borrow more "money" at interest from banks and investors of the bond-holding class. The Articles of Confederation, drafted by the revolutionary Continental Congress of 1777, allowed the States this power - and it should be restored to the several States, in order for there to be a healthy society in North America.
"Thus, Clause 9 reads: "Furthermore, it amends and modifies Article I, Section 10, clause 1, to empower State Treasuries to create [a limited amount of] non-inflationary Credit, in the form of check-book money in order to meet the pressing needs of the States." "
And here is the portion of the Amendment that is relevant to the task of restoring to the several states the power to create Credit, in the service of the common-weal, and well-being of the People:
[SECTION 6.] Each of the State Treasury departments, of each of the fifty States, are also hereby empowered, by the same creative principle [formerly given by charter to banks] to create Credit within their own jurisdictions, in the form of checks, signed by the State comptrollers, in accordance with appropriations made by the State legislatures, for the purpose of maintaining State institutions, infrastructure, and salaries.
[SECTION 7.] In accordance with the provisions of this Article, all banks and financial institutions in America shall receive new charters from the Treasury. The U.S. Treasury and the Sub-Treasury Common-Wealth Central Bank {and the State Treasuries} shall henceforth have the unique and sole power within the nation to create Credit – a function formerly granted by the government [ and thus erroneously delegated ] only to Banks. Henceforth private banks may charge interest, to service accounts.
[SECTION 8.] In Sum, this Article defines, and enhances the powers granted to Congress and the Treasury, under Article I, Section 8, Clause 5, of this Constitution. Furthermore, it amends and modifies Article I, Section 10, Clause 1, to empower State Treasuries to create [a limited amount of] non-inflationary Credit, in the form of check-book money in order to meet the pressing needs of the States.
Very sincerely,
Mark Walter Evans