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The Case For A "Greenback" Pound

by | Tuesday, 15th May 2012
There is one question which will have system-serving politicians and economists running for cover:  why can’t the British government through its Treasury issue  interest free money based upon the common wealth and integrity of this country - worth trillions?

Why do our politicians go straight to the private bankers, who simply create money completely out of thin air ... just figures on a computer screen ... and when this ‘money’, or more accurately this ‘nothingness’, is received by our government, we, as taxpayers, start paying the exorbitant interest which is currently costing the British people in real money at least £125,000,000 a day, or more than £44,000,000,000 a year?

The answer, of course, is very simple and to the point. 

There is absolutely nothing to prevent the British Government, or indeed any sovereign nation, from issuing its own interest free paper money to meet the essential needs of its people. And best of all, a successful historical precedent is there for all to see. 

At the height of the American Civil War, the US Treasury warned President Lincoln that further funding would be needed if the Federal North was to have the resources needed to defeat the Confederate South.  The President initially went to the Rothschilds and the private banks who wanted between 24 and 36 per cent interest.  Lincoln knew that if he agreed to take loans from the bankers that he would be putting his country into a debt noose that would strangle the economic prosperity out of his country and which would be almost impossible to pay off.

On the advice of a businessman with proven integrity, Colonel Dick Taylor from Illinois, Abraham Lincoln made the decision to print interest free paper money based on nothing more than the honour of the American Government.  Called ‘Greenbacks’ because they were coloured green on one side only, the US Treasury issued 450 million dollars worth of these notes and they were immediately accepted as legal tender by a willing and grateful nation.  The war was eventually won and this very popular new paper currency seemed set to continue.  In the words of Lincoln himself:

The government should create issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers ... The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government’s greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power. (Senate document 23, Page 91. 1865)

The response from the House of Rothschild to this sudden threat to their banking empire was swift and brutal as this extract from The Times of London in 1865 shows: 

If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedence in the history of the civilised governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed, or it will destroy every monarchy on the globe.

On Good Friday, April 14th 1865, a lone gunman ended the presidency of Abraham Lincoln.  Sadly, his Greenback legacy died with him as the private bankers managed to ‘persuade’ Congress to revoke this successful initiative, a policy which eventually led to the formation of the privately run Federal Reserve in 1913. 

Since then, America’s unlawful debt has risen to over 15 trillion dollars.

However, the precedent has been set! And there is nothing to stop a British Prime Minister from authorising the creation of a debt free and interest free paper currency – a ‘Greenback’ Pound – to ensure the future well-being, security and happiness of the British people. 

The unlawful deficit and National Debt (one trillion pounds) can simply be written off with the issuance of the appropriate number of ‘Greenback’ Pounds leaving our ancient and supreme Common Law to bring to justice the House of Rothschild and all those who have sought to distress and enslave humanity. And like a falling line of dominos, other countries will almost immediately adopt this same strategy and throw off the unlawful corporate banking yoke that causes so much misery in the world.  In no time at all, we will have a world where happiness, truth, integrity and justice reign supreme!  It really is that simple!