It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by Thomas Crowne
Speaking of Abe, he was going to do that as well, but the bankers, understanding that with martial law the government and the international bankers and alot more flexibility, made darned sure Lincoln wouldn't recind anything. Martial law allows for the use of paper currency (or war script, as it is also known).
Originally posted by Gazrok
"could you explain this a bit more? hasn't paper currency been in use in the States since colonial times"
We went off the gold standard during the "New Deal" times...(i.e. our paper money, unlike that of earlier times, is not backed by gold). JFK was going to put us back on the gold standard...a noble idea, but likely the one that got him killed. I believe this was the point TC was making....