6139008-History-of-Money

"capitalism's invisible army." We have a Constitution and our Bill of Rights (the first 10 amendments) that makes us free.Right? Then visit:http://www.trimonline.org/ http://www.getusout.org/ http://www.thenewamerican.com http://www.givemeliberty.org/http://www.jbs.org/ http://www.getawarrant.com/ http://www.dixierising.com/ http://www.dixienet.org/http://www.palmetto.org/http://www.southerncaucus.org/ http://www.spofga.org/ http://www.southern-style.com/http://www.nca.mybravenet.com/John C. Calhoun's "Speech to Separate Government from the Banks." 1837Note that in this November 3, 1837 speech, Calhoun is arguing against a motion to replace his "bill" for free bankingwithout a central bank with a "substitution" amendment which would centralize banking power and mingle it withgovernment power which was the BankLords’ half-way measure towards restoring their private central banking systemwhich was ended with the famous veto by Andrew Jackson in 1832. Calhoun was the great expositor and elaborator ofthe thought of Thomas Jefferson. It was against these views that the American Civil War was fought. The speech is asappropriate for our time as it was for Calhoun's -- if only we had men to utter it... but the danger which an excited imagination anticipates hereafter from the [anti-central bank bill Calhoun wasproposing] would exist in sober reality under the substitute [a half-way house measure on the way to a full-blown centralbank]. There it would require neither fancy nor conjecture to create one. It would exist with all its faculties andendowments complete: discounts, deposits and all. With immense means guided by a central and directing hand andblended and united with the government so as to form one great mass of power…. What a contrast to the [Calhoun'sseparation of government from the banking system] bill. How simple and harmless the one with its four simple receivers,twice as many clerks and five inspectors compared with this complex and might engine of power. And yet there aremany, both intelligent and patriotic, who oppose the bill and support the substitute [pro-central bank] on the ground thatthe former would give more patronage and power than the latter. How strange and wonderful the diversity of the humanmind.So far from being true the very fact of the separation of the government from the banks provided for in the bill would ofitself be the most decisive blow that can be given to government patronage. And the union of the two the most decisivein its favor. When their notes are received in the public dues as cash and the public money deposited in their vaults thebanks become the allies of the government on all questions connected with its fiscal action. The higher its taxes andduties the greater its revenue and expenditure and the larger its surplus and the more their circulation in business and, ofcourse, the greater their profit. And hence on all questions of taxation and disbursements and the accumulation of fundsin the treasury their interest would throw them on the side of the government and against the people.All this is reversed when separated. The higher the taxation and disbursements and the larger the surplus the less wouldbe their profit. And their interest in that case would throw them with the people and against the government. The reasonis obvious. Specie [gold -- Constitutional "Eagle" gold coin etc.] is the basis of banking operations and the greateramount they can command the greater will be their business and profits. But when the government is separated fromthem and collects and pays always its dues in specie instead of notes it is clear that the higher the taxes anddisbursements and the greater the surplus in the treasury the more specie will be drawn from the use of the banks andthe less will be as the basis of their operations and consequently the less their profit. Every dollar withdrawn from themwould diminish their business fourfold at least [Calhoun understood the money multiplier] and hence a regard to theirown interest would inevitably place them on the side of to which I have assigned them.The effects on the politics of the country would be great and salutary…The weight of the banks would be taken from theside of the tax consumers where it has been from the commencement of the government and placed on the side of thetax payers. This great division of the community necessarily grows out of the fiscal action of the government.Take taxation and disbursement together and it will always be found that the one portion of the community pays into thetreasury in the shape of taxes more than it receives back in that of disbursements, and that another receives back morethan it pays. The former are the tax payers and the latter the consumers, making the great essential and controllingdivision in all civilized communities. If with us the government has been thrown on the side of tax consumers as it has itmust be attributed to its alliance with the banks whose influence has been in consequence at all times steadily andpowerfully on that side.It is to this mischievous and unholy alliance that may be traced almost all the disasters that have befallen us and thegreat political degeneracy of the country. Hence the protective system, hence its associated and monstrous system ofdisbursements, hence the collection of more money from the people than the government required, hence the vast andcorrupting surpluses, hence legislative and executive usurpations and finally hence the prostration of the currency and thedisasters which give rise to our present deliberation.Revive this fatal connection, adopt this substitute and all this train of evils will again follow with redoubled disasters andcorruption….Refuse this connection, adopt this bill and all will be reversed and we shall have some prospect of restoringthe constitution and country to their primitive simplicity and purity. The effect of the reversal on the patronage of thegovernment would be great and decisive.The Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 261