reply to post by mblahnikluver
Yeah I'm just about finished with Money Masters -- it's 3 1/2 hours long but WAY WORTH IT!!
Essentially originally the U.S. colonies had script -- INTEREST FREE MONEY printed by the colonial governments.
Europe got pissed because under mercantalism the private bankers controlled the European governments through gold-based fractional banking.
So then Ben Franklin said that the Revolution was because Britain no longer allowed colonial script -- it was not because of taxes.
Right there that makes the doc well worth it.
Anyway to fund the Revolution war the money became worthless and "a barrow full of cash did not buy a barrow full of bread." As one President
So the new government was forced to use fractional banking through state banks set up by the "money changers." But then the bankers conspired to
set up a federal bank which Madison and Jefferson were against.
So then it was set up -- the North American Bank -- but their money monopoly quickly caused inflation -- and so the bank charter did not get
So then the Europeans got pissed again because for the federal government to pay the banks the Yankees set up tariffs against European machinery
imports. Import substitution!
So the Europeans stopped buying Southern slave cotton -- so the South could neither buy cheaper European machines nor sell their cotton to Europe.
So that's the REAL REASON FOR THE CIVIL WAR -- not slavery.
Myth number 2 destroyed by the Money Masters.
O.K. so then Abe Lincoln created greenbacks to fund the war -- and this was a return to the colonial script -- but, just like with the Revolution --
quickly there was deflation due to over-printing.
Even more so the Europeans got pissed again about the greenbacks and so threatened to cut off funding. Finally the Tzar of Russia said that if Europe
supports the South then Russia would also declare war!!
So Abe Lincoln, due to the European bankers, was forced to rely on private banking instead of greenbacks but once the war was over Lincoln wanted to
go back to greenbacks. Too late!!
So then a new central bank was set up I think but then Andrew Jackson got rid of it.
But then McKinley set it up again -- or almost did -- so then finally there was the Jekyll Island conspiracy of 7 bankers to create the Federal
Reserve -- after decades of using private banks to cause depressions.
By 1886 not only were all of Lincoln's greenbacks out of circulation but all silver money was out of circulation -- has had by the latest populist
attempt to stop the gold fractional reserve system.
O.K. so with the population booming there was NO MONEY in circulation -- again inflation!!
And so people caved in -- but first the bankers had to secretly back the Democrat Woodrow Wilson professor -- bought and trained by the bankers.
Wilson was then the sneak attack to get the Federal Reserve bank in and he confessed that he had ruined the country.
That was 1913 -- and after that all the huge crashes and world wars, etc. have been contrived by the bankers.
Well there's still an hour left of Money Masters -- so I've only watched 2 1/2 hours.
[edit on 28-3-2010 by drew hempel]