Was Abe Lincoln A Money Power Puppet?

August 2, 2012

(left. Abe Lincoln, yet another Money Power stooge portrayed as a man of the people.)

Lincoln is overrated, says Anthony Migchels. Greenbacks were not debt-free, but backed by interest bearing bonds. Government-printed, interest-bearing currency is also a Money Power operation.

This famous quote, a classic of the Conspiracy, has been debunked: it’s not in the Times of London archives:

“If this mischievous financial policy (the Greenback), which has its origin in North America, shall become … a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe.” -Times of London

(Editor’s Note: I reserve judgment and post for purposes of discussion.)

By Anthony Migchels,
(henrymakow.com)

I thought Lincoln was a Prince of the People, until I was re-educated by Name789, the man behind the wonderful website www.yamaguchy.com.

Here’s some of what I learned.

To begin with, there is this urban legend that the Rothschilds tried to force gold at 30% upon Lincoln. This is total nonsense: anybody with good credit could borrow at 6% at the time:

“I simply wish to say to the chairman of the Committee on Finance [Mr. Fessenden] that any merchant in the United States with good securities can to-day borrow $1,000,000 at six per cent. I can, with good securities; and so can my friend from Maine.” Senator Chandler in the Senate February 13th 1862, during the Greenback debate.

The Urban Legend then continues with the story that Abe Lincoln was instructed by a Colonel Dick to print his own currency and that Abe was much relieved by this alchemy.

More nonsense: at the time the Treasury routinely circulated debt free Treasury notes. The ins and outs of this tool was common knowledge between senior politicians, of which Lincoln, who had been in Washington for 30 years certainly was one.

Furthermore, throughout his career Lincoln had been agitating for a (privately owned) ‘National i.e. Central Bank’, the Nicholas Biddle kind of operation that Andrew Jackson (despite his many faults) heroically busted.

Already in 1839 Lincoln is on record as saying in the House:

“We do not pretend, that a National Bank can establish and maintain a sound and uniform state of currency in the country, in spite of the National Government; but we do say, that it has established and maintained such a currency, and can do so again, by the aid of that Government; and we further say, that no duty is more imperative on that Government, than the duty it owes the people, of furnishing them a sound and uniform currency.”

Lincoln was a ‘national Whig’. As such he favored Central Banking and the truth is he would have signed the Federal Reserve Act any time.

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