"I sincerely believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people to whom it properly belongs."-Thomas Jefferson
Keep in mind that when Thomas Jefferson was speaking, it was about the issuing of money, which was backed by gold and precious metals. Our Founding Fathers didn't have an issue with fiat currency because some of America's best days was when we printed our own fiat currency, like the Colonial Scrip.
How Colonial Scrip fiat currency made America great.
In Pre-Revolutionary America, the colonies were poor because the British Royal Crown controlled the precious metal coins and the colonies didn't have enough of these money coins to have successful commerce. At this time, the colonies started printing their own paper money aka fiat currency. The currency was called The Colonial Scrip.
The Colonial Scrip was a fiat currency or paper money & actually this is what helped unify the colonies and started America on the path to becoming united. The Colonial Scrip was not backed by any gold or silver.
(Colonial Scrip Money Note aka America's Fiat Currency & the preferred monetary system of our Founding Fathers)
Benjamin Franklin told England that the colonies will issue their own money and would not be under the Bank of England nor be under England's gold and silver coins. The Currency Act of 1764 was passed by the British Bankers and this prohibited the colonies from issuing their fiat currency and it forced America on a currency backed by gold & this was the beginning of the end of America's Prosperity.
- In fact, The Bank of England demanded an explanation from our Founding Fathers & asked about how the colonies had become so rich but after learning about the fiat Colonial Scrip, they (England) started the process of passing tyrannical laws, all having to do with our fiat currency, steep austerity taxes & how to put the colonies onto gold & metal coins.
Franklin said that in less than one year, the gold standard dragged America into poverty and massive unemployment. In fact, Americans in the colonies started dying of starvation & didn't have enough of money to even buy shoes, under the British desired gold & metal standard backed currency.
The loss of the colonies issuing their fiat currency due to King George III was one of the reasons that the colonies went to war because now the gold and metal coins being issued into the colonies were being extracted via taxes placed on us by the British.
Note: The Bank of England caused the UK(England) to run up such great debt, even with their currency being backed by gold & metals, that England placed all sorts of taxes onto the colonies simply trying to pay off this debt, which was backed by gold.
Each time, the gold & precious metal backed currency came into England, the country was dragged into banker wars & even in 2011 America, we are still fighting banker wars because of precious mineral & metal deposits. For each young American, that the bankers get our corrupt government to send off into unjust & non-sense wars, the bankers make $70,000.00 per soldier or marine(dead or alive) on war profiteering.
1 in 3 Military Vets of the Iraq and Afghanistan Wars say that the wars are a waste of time,money and life http://www.huffingtonpost.com/2011/10/05/afghanistan-and-iraq-veterans-poll-view-of-war_n_995408.html?icid=maing-grid10%7Chtmlws-main-bb%7Cdl1%7Csec1_lnk2%7C101637
Going around and killing children in the Mid East & Africa, out of pure gluttony & greed, is exactly what America means when they say, "we are spreading democracy."
The rhetoric of the U.S. and Obama is "Hope & Change" "Justice" & "Uplift", but the deeds of the current U.S. Gov, US Pentagon, US State Dept. & Obama are the deeds of a greedy, self serving, serial killing sociopath that caters to a fake banking Euro trailer trash, made-up Nouveau Aristocracy of Global Elite Wannabes. End Note.
It wasn't until the American Revolution started in Lexington, Ma. that the US Gov started over printing money to finance the war, which then made the currency worthless because it was being over printed and the British used the over printing of money by the colonies to claim that colonial fiat currency could not work, even though the British were waging a costly war on the colonies and trying to bankrupt America because they knew that the King controlled all of the gold.
The Colonial Scrip worked so well, before we had to over print it to fund the American Revolution, that the British Parliament and bankers passed laws against it. The reason why the Colonial Scrip worked was because we used to print just enough to maintain & grow prosperity.
- Thomas Jefferson & Benjamin Franklin wanted the fiat colonial issued currency but being that Hamilton was the treasurer & a British sympathizer, he kept America under the British Banking System, after the symbolic victory of 1776 American Revolution & we have struggled with banker corruption ever since. Even before the Federal Reserve, the U.S. was being screwed over by European Bankers & JP Morgan.
So, while the Federal Reserve is utterly corrupt due to international private banking cartels and crime syndicate firms like JP Morgan using the Fed Reserve/Treasury as their own personal printing press-even if the Fed Reserve was eliminated, America has such few patriotic & honest Congressmen, Senators and we now even have a President that has no birth certificate or social security number-that it wouldn't make much difference in getting rid of banking corruption.
Even if we go back onto the Gold Standard, someone has to control the gold and being that states in the U.S. are now innately corrupt-we would still be facing the same battles with money due to down right corruption by the U.S. Government & Congress.
The Gold and Precious Metal Standard simply doesn't work, which is why even England got rid of gold coin bankers by issuing the "tally-sticks" which worked out really well, before England allowed in a "tally stick" and "gold standard" combination-which then gave way to the Bank of England in 1694.
The Bank of England hated King Henry and the fiat stick money because it took away the banker's power & the power from the banking gold dealers. Even if we go onto the gold standard the bankers would still control the gold via the corrupt U.S. Government & their tokens sitting in state government offices.
- No matter how we like it or regardless on if we accept it, even with the Gold Standard, someone still controls the gold, can withhold the gold and manipulate the lending of this gold.
- Even with a gold standard, we still have short-sale scams and fractional banking aka all the mess that bankers have been doing for hundreds & hundreds of years.
- It isn't the type of money that is the problem, the problem comes in when an out side force issues the money for a country and who controls this outside issuing force. Fiat currency is just as good as gold backed currency because even with gold/silver currency, someone will still control the supply & circulation. A few people on top will always have ALL the gold, and that's just how it is. Only a domestic issued fiat currency will stop the money grubbers.
America needs a domestic fiat currency with strict regulations on how much of this currency will be printed & we need strict "usury laws". This is what our Founding Fathers (not just the text book Founding Fathers but ALL the men & women who help settle this land) did and the ability to print our own money, without having to depend on international bankers or foreigners that deal gold-is what our Founding Fathers wanted for this country.
So to conclude yet another trip down American History Lane, self-issued FIAT currency is as American as Apple Pie.
"As for President Obama, what can be said about a politician that lambastes Wall Street at the same time that he holds record breaking fundraisers hosted by hedge fund managers and investment bankers?"-Joe Scarborough
(JP Morgan gave a 1.6 Million Dollar Donation to the NYPD)



