Demonetization of Silver, An Act of War & The Consolidation of the United States by J.P. Morgan

From Silver Vigilante / April 20th, 2012

History is just that: HIS-STORY. It is a play conjured by entrenched interests who have time and history on their side. The macro-events of daily life are not the effect of democratic processes or chance, but, instead, the execution of all things by powers-that-be, with 24 hour think-tanks and the bloodline of civilization, rule of money, to their advantage.

The 1873 Coinage Act listed all the coins to be minted under the legislation. It omitted the silver dollar, and because there was much demand for silver beyond monetary, as well as its strength through tradition, not much was changed – at first.

The act was sprung from London. As silver was demonetized in France, England and Holland in 1872, capital—approximately $500,000—was raised so that Ernest Seyd could head to United States, as an agent of foreign bond holders, finance capitalists and elitists centered on the Rothschild Empire, to achieve the same: the demonetization of silver. This was stated in the Congressional Globe of April 9, 1872, page 2304:

Ernest Seyd of London, a distinguished writer and bullionist, who is now here, has given great attention to the subject of mint and coinage. After having examined the first draft of this bill (for the demonetization of silver) he made various sensible suggestions, which the committee adopted and embodied in the bill.

Injury inflicted upon the people of the United States as silver was demonetized was critical. What ensued in the form of The Panic of 1873 represented one of the most disastrous episodes in U.S history. The years of 1873 until silver remonetization in 1878 brought bankruptcies and financial disaster to millions. The economic distress, as concluded by prominent statesmen of the time, and many analysts since, was caused by “the shrinkage in the volume of money.”

This was an effect of the departing of a flexible bimetallic standard in favor of a monometallic standard, a gold standard.

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