stacks



bonds


"Slavery is likely to be abolished by the war power and chattel slavery destroyed.

This I and my European friends are glad of, for slavery is but the owning of labor and carries with it the care of the laborer, while the European plan led by England is for capital to control labor by controlling wages.

This can be done by controlling the money.

The great debt must be used as a means to control the volume of money.

To accomplish this the BONDS must be used as a banking basis.

We are now waiting for the Secretary of the Treasury to make his recommendation to Congress.

It will not do to allow the Greenback, as it is called, to circulate as money any length of time, as we cannot control that." - Hazzard Circular, 1862, Bank of England



borrow ... borrow ... borrow


National Banking Act specifies the entire US money supply will be printed out of debt by the national banks through the purchase of US treasury bonds by issuing them as assets backing treasury banknotes.

US treasury bonds, or T-bills, are guaranteed by the US.

Like any incorporation as long as the US is solvent the US treasury bonds retain value.

A US treasury bond, or treasury note, is a promissary note.

A promissary note is a promise to pay a specified amount on a specified date and typically includes a interest payment for the use of the assset during the period held.

A bond is a debt security.

A bearer bond is a bond or debt security issued by an incorporated entity.

Bonds issued by corporations are corporate bonds or junk bonds.

"In numerous years following the war, the Federal Government ran a heavy surplus.

It could not however pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes.

To pay off the national debt is to destroy the money supply." - John Kenneth Galbraith


1861 Moses Taylor, Chairman of the Loan Committee to finance the Union in the Civil War, offers the government $5,000,000 of US treasury bonds at 12% at a 33% shaving to continue financing the Civil War.

Colonel Dick Taylor of Chicago suggests to Abraham Lincoln go to Congress requesting the passage a bill authorizing the printing of full legal tender treasury notes.

Abraham Lincoln asks Colonel Taylor if the people of the US would accept the notes, Colonel Taylor replied, "The people or anyone else will not have any choice in the matter, if you make them full legal tender. They will have the full sanction of the government and be just as good as any money, as Congress is given that express right by the Constitution."

"To pay the soldiers the Government issued Treasury notes, authorized by act of Congress, July 17, 1861, for $50,000,000, bearing no interest.

These notes circulated at par with gold.

Rothschild agents inspired the American banks to offer to Lincoln a loan of up to $150 million.

But before they had taken much of the loan, the banks broke down and suspended specie payments in December 1861.

They wished to blackmail Lincoln and demanded the 'shaving' of government paper to the extent of 33%, an extortion which was refused.

A bill drafted for government issue of $150 million, which should be full legal tender for every debt in the US, passed the House of Representatives Feb. 25, 1862, and was hailed with delight by the entire country.

The Wall Street bankers were furious." - Arthur Cherep-Spiridovich


1893 "The interests of national banks require immediate financial legislation by Congress (the US Government).

Silver, silver certificates, and Treasury bonds (all government money) must be retired, and National Bank Notes made the only money.

This will require the authorization of $500 million to $1 billion of new bonds as the basis of circulation.

At once retire one-third of your currency and call in one-half of your loans.

Be careful to make a monetary stringency among your patrons, especially among influential businessmen.

Advocate an extra session of Congress to repeal the purchasing clause of the Sherman Law, and act with other banks of your city in securing a large petition to Congress for its unconditional repeal per accompanying form.

Use personal influence with your Congressmen, and particularly let your wishes be known to your Senators.

The future life of national banks depends upon immediate action, as there is an increasing sentiment in favor of government legal-tender notes and silver coinage."- "The Panic Circular", American Bankers' Association 1893





unique library index

This web site is not a commercial web site and is presented for educational purposes only.





This website defines a new perspective with which to engage reality to which its author adheres. The author feels that the falsification of reality outside personal experience has forged a populace unable to discern propaganda from reality and that this has been done purposefully by an international corporate cartel through their agents who wish to foist a corrupt version of reality on the human race. Religious intolerance occurs when any group refuses to tolerate religious practices, religious beliefs or persons due to their philosophical ideology. This web site marks the founding of a system of philosophy named The Truth of the Way of the Lumière Infinie - a rational gnostic mystery religion based on reason which requires no leap of faith, accepts no tithes, has no supreme leader, no church buildings and in which each and every individual is encouraged to develop a personal relation with the Creator and Sustainer through the pursuit of the knowledge of reality in the hope of curing the spiritual corruption that has enveloped the human spirit. The tenets of The Truth of the Way of the Lumière Infinie are spelled out in detail on this web site by the author. Violent acts against individuals due to their religious beliefs in America is considered a "hate crime."

This web site in no way condones violence. To the contrary the intent here is to reduce the violence that is already occurring due to the international corporate cartels desire to control the human race. The international corporate cartel already controls the world economic system, corporate media worldwide, the global industrial military entertainment complex and is responsible for the collapse of morals, the elevation of self-centered behavior and the destruction of global ecosystems. Civilization is based on co÷peration. Co÷peration does not occur at the point of a gun.

American social mores and values have declined precipitously over the last century as the corrupt international cartel has garnered more and more power. This power rests in the ability to deceive the populace in general through corporate media by pressing emotional buttons which have been preprogrammed into the population through prior corporate media psychological operations. The results have been the destruction of the family and the destruction of social structures that do not adhere to the corrupt international elites vision of a perfect world. Through distraction and coercion the direction of thought of the bulk of the population has been directed toward solutions proposed by the corrupt international elite that further consolidates their power and which further their purposes.

All views and opinions presented on this web site are the views and opinions of individual human men and women that, through their writings, showed the capacity for intelligent, reasonable, rational, insightful and unpopular thought. All factual information presented on this web site is believed to be true and accurate and is presented as originally presented in print media which may or may not have originally presented the facts truthfully. Opinion and thoughts have been adapted, edited, corrected, redacted, combined, added to, re-edited and re-corrected as nearly all opinion and thought has been throughout time but has been done so in the spirit of the original writer with the intent of making his or her thoughts and opinions clearer and relevant to the reader in the present time.


Fair Use Notice
This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of criminal justice, human rights, political, economic, democratic, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information see: www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Dedicated to the establishment of knowledge, truth, justice and a clear understanding of reality as the American way!
Copyright © Lawrence Turner
All Rights Reserved