There is one question that establishment politicians and economists seem to run away from: Why can't the British Government, through the Treasury, print trillions of dollars of interest-free money, based on the common wealth and integrity of the country?
Why do our politicians turn directly to private bankers who create money out of nothing… just numbers on a computer screen… and then, once this “money”, or more accurately this “nothing”, is received by the Government, we, the taxpayers, begin paying exorbitant interest rates that cost the British people at least £125 million a day, and over £44 billion a year, in real money terms?
Of course the answer is very simple and straightforward.
There is nothing to prevent the UK government, or any other sovereign nation, from issuing non-interest-bearing paper money to meet the basic needs of its citizens, and best of all, there is a clear historical precedent for success.
In the midst of the American Civil War, the U.S. Treasury warned President Lincoln that he would need more money to ensure that the Union Army had the resources it needed to defeat the Confederate Army. The President initially turned to the Rothschilds and private banks, who charged 24-36% interest. Lincoln knew that agreeing to loans from the bankers would put the country in a debt loop that would strangle the nation's economic prosperity and make it nearly impossible to repay.
Advised by a businessman of proven integrity, Colonel Dick Taylor from Illinois, Abraham Lincoln decided to issue non-interest-bearing paper money solely for the honor of the American government. Called “Greenbacks” because only one side was green, these notes were issued by the U.S. Treasury in the amount of $450 million and were quickly accepted as legal tender by the understanding and gratitude of the American people. The war was ultimately won, and it seemed likely that this highly popular new paper money would continue to be used for many years to come. In Lincoln's own words,
The Government should issue and circulate all currency and credit necessary to satisfy the spending power of the Government and the purchasing power of the consumers… The privilege of issuing currency is not only the highest prerogative of the Government, but also its greatest creative opportunity. The adoption of these principles will satisfy the age-old desire for a uniform medium. Taxpayers will save vast amounts in interest, discounts, and exchange. The financing of all public enterprises, the maintenance of stable government and orderly progress, and the operation of the Treasury will become matters of actual control. The people can and will be given a currency as secure as their government. Money will cease to be the master, but the servant of mankind. Democracy will gain the upper hand over the power of money. (Senate Papers 23, page 91, 1865)
The Rothschilds responded swiftly and brutally to this sudden threat to their banking empire, as exemplified by this article in the London Times in 1865:
When that pernicious financial policy which has originated in the North American Republic takes hold, that government will finance itself free of charge. It will pay off its debts and be debt-free. It will have all the capital it needs for commerce. There will be prosperity unprecedented in the civilized history of the world. The brains and wealth of all nations will be concentrated in North America. That government must be destroyed, or every monarchy on the earth will be destroyed.
On Good Friday, April 14, 1865, a lone gunman ended Abraham Lincoln's presidency. Sadly, Lincoln's Greenback legacy died with him, as private bankers persuaded Congress to reverse this successful program, a policy that ultimately led to the creation of the privately run Federal Reserve System in 1913.
Since then, America's illegal debt has grown to more than $15 trillion.
But the precedent has been set: there is nothing to prevent the British Prime Minister from authorising the issue of debt-free, interest-free “greenback” pounds to ensure the future well-being, security and happiness of the British people.
The illegal budget deficit and national debt (1 trillion pounds) can be easily wiped out by simply printing the appropriate number of “Greenback” pounds and abandoning our ancient and best common law to bring to justice the Rothschilds and all those who have sought to torture and enslave humanity. And like falling dominoes, other nations will almost immediately adopt this same strategy and throw off the yoke of the illegal corporate banks that bring so much misery to the world. Very soon we will have a world where happiness, truth, honesty and justice reign supreme. It is really that simple.
