Quote from jprad:
When Lincoln took office there was no central bank. It was the era of free banking, which came about after Jackson had destroyed the 2nd Bank of the US starting in 1833. It's charter ended in 1836 and it folded 5 years later.
Free banking ran at the state level, there was no federal banking system, and it was a complete mess. To fund the war Lincoln signed the National Bank Act into law in 1863, and a second time in 1864.
It was a federally regulated central banking system that Lincoln enacted.
He was assassinated a year later and his National Bank Act stood until the panic of 1907, which eventually led to the creation of the Fed in 1913.
Another dodge.
Your misguided logic leads to conclusions that are refuted by the very authors you portend to learn from!
The Founders were all about warding off Tyranny by a powerful elite, and said so. Yet, when confronted with the facts, you ignore your original statement and move on to the next, nit picking comment that holds little value except underscoring your myopic need to be right....about something. Anything.
Okay. Lincoln.
Lincoln thumbed his nose at the International Bankers when they wanted 25% juice to finance the Civil War. Instead he printed debt-free Greenbacks.
To wit, the London Times, mouthpiece to the Throne of International Bankers, warned America would eclipse Britain in wealth, military and intellectual might if allowed to persist in the printing of debt-free currency.
Further, Otto Von Bismark surmised the division of the United States was conceived and promoted by the Bankers to weaken the American Republic and implied his death was at their hands.
The National Banking Act was ratified by Lincoln as a concession to Bankers
to accept the Green-back Policy, and the need to create more Green-backs, to begin with!
It was a pawn-sacrifice play by the Bankers to wrest more control over Lincolns debt-free currency, a currency they only agreed to accept under rapacious conditions that devalued its worth some 80% off its face (greenbacks couldn't pay import duty or interest on the national debt).
The result was a Dead President whose flirting with debt-free money threatened the economic hegemony of the Banking Elite, and a Moneyed Aristocracy that got their National Bank.
Shortly before Lincolns "lone-nut" assassination, he said this:
"The money power preys upon the nation in times of peace, and conspiracies against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy."
Yes, the International Bankers truly never conspired for Money or Control over the United States. Or for that matter, the World
