at41

During the Civil War President Lincoln realized that the income the US was collecting was not sufficient to fund the War. The banks offered money at 24-36% interest. Lincoln's cabin ate came up with the idea to print their own money not backed by gold and be used as "legal tender". Thus the "Green Back Dollar" was used. Lincoln avoided being in debt to banks. Remember the Trillion Dollar Coin? This was the same idea. Have the Treasury print 17 Trillion Dollars in "Green Back Dollars", and pay off the national debt. We would save interest payments and get out of the influence of the Centeral Bank and foreign governments.

PhilosophyMan Loc: Washington state.

that is illegal under the UN so we would have to do that in secret. its not that simple either.

Terry Hamblin

Congrats at41, holy crap, there are other people out there that understand that the Federal Reserve is screwing us and has been since the beginning of this country. Yer right Lincoln came up with the greenback and probably was k**led by the banks for doing it, John Wilkes Booth being the hit man. There was another period where the 2nd Federal Reserve Bank was shot down by Andrew Jackson I think. Even in those days the Banks were spreading money all over Washington in a lobbying effort to re-charter their "money machine". A hell of a lot of our debt is owed to the Federal Reserve + interest! I am not sure what effect printing 17 trillion right now would have on inflation, the economy, banker's blood pressure, the stock market and my grocery bill. That is the only way we can go however, at what rate I don't know, but be assured that the banks will be trying to buy our legal representatives even more than right now! Oh, BTW, the Wizard of Oz was written by an economist who used it to lash out against the banks and the gold standard, forthwith, the Yellow Brick Road.

Ricko Loc: Florida

Terry-a sobering thought is that on the day the dollar loses its world reserve currency status this country is flat BROKE. Why are our elected officials not connecting the dots and doing something about it ? We should be working hard to balance our budget to let our creditors know that we will pay our bills. Maybe it will take 20% inflation to wake America up. Federal Reserve games can only be played for a time not forever. Government spends 200 million per hour every day of the year and the bulk of it is printed or borrowed. We must cut spending or we will default. Good Luck America !!!

Terry Hamblin

Good one Ricko, I think that you have to keep in mind that the U.S. is still the largest consumer nation in the World and will probably remain as such. I don't think that the rest of the World is ready to do in the Golden egged goose. What other currency would they use? The Euro, which was born for that reason, is supported by Germany and France, everybody else in Europe is broke! The Ruble? No, Russia does not have the stability no matter what Putin thinks. The Yen? Doubtful, Japan does not have that much impact on global finances. Forget China and the rest, ie.. no viable replacements.

PoppaGringo Loc: Muslim City, Mexifornia, B.R.

:thumbup: :thumbup: :thumbup:

Serenity54321

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The world banks have created a new currency called the SDR. The SDR is a unit of currency backed by several currencies. For instance, a 10,000 unit might be 20% USD, 20% Yen, 50% Ruble, and 10% Euro. However, those percentages can be changed at any time. Should the Dollar collapse, for instance, that same 10,000 unit can be changed to 40% Yen, 50% Ruble, and 10% Euro and still be a viable unit of currency. The theory is, since each unit is backed by multiple currencies it cannot go bad, because if one unit of currency backing it fails, they can change the formula and no harm done.

The SDR is fluid and can be changed at will. Thus, it is direct competition to the US Dollar. It was created by the IMF in 1969, but was temporarily put on the back-burner as there was no need for it. However, it is interesting to note that the last loan payment to Ukraine was made in the SDR, not in the USD. Should that continue to be the case, the days of the dollar are numbered.

SDR is an abbreviation for "special drawing rights".

The SDR is a global currency. For more information, google "SDR".

Serenity54321

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Both Lincoln and Kennedy were assassinated because they attempted to wrest the United States from the influence of the banks. Kennedy at the time of his death was in the process of making our currency stable and valuable.

JimMe

If I'm not mistaken, Adolph Hitler did this when he took Power because Germany's Debt was an Impossible Amount to Repay otherwise... The other Nations Germany Owed for WWI accepted His Payments in the "Large Denominations" - primarily because the monies Germany was Paying Them was Virtually Worthless Anyway - & Germany was able to quickly become Solvent - And Helped Their Nation Hosting the 1936 Summer Olympic Games...

So 17 Trillion Coins isn't as far-fetched as it may sound... Provided the Creditors Accept The Coins As Payment...

Terry Hamblin

With "World Banks", it says it all! World Banks are invested in the U.S. Federal Reserve, they have been making big money off the U.S. for years and years and centuries, starting when this country was born. SDR is probably another "Bit coin" fraud.

Ricko Loc: Florida

serenity-in that respect how about the alliances being formed between China, Russia, India and others whereby they trade goods in their own currencies ? China cannot be discounted as it is becoming an economic power in its own right. With our track record one cannot blame other countries for not holding paper dollars and switching to gold. I fear a rude awakening is headed our way. Good Luck America !!!

Serenity54321

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Our true enemy is not the Democrats, the Republicans, or the neutral. Our true enemy are the world banks. Our politicians are nothing but playthings while climbing up the rungs of the ladder.

The SDR is completely different from bit coin. It was started by the International Monetary Fund, or IMF, which is the part of the world bank that handles international loans and payments.

The last few international payments have almost all been completed using the SDR. The US Dollar used to always be used. Not anymore. I'm talking government t***sactions here, not websites.

I anticipate that in another decade the US Currency will be the SDR, although I may be wrong.

Serenity54321

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Yes, other countries are starting to form their own alliances. That is because the US is h**ed by nearly everyone, unfortunately. It is all the beginning of the great breakaway from the US, it's people, and it's currency.

AuntiE Loc: 45th Least Free State

The Federal Reserve was not instituted until 1913.

at41

at41

Thanks to all who contributed. I learned a lot and am going to some further study and research. I plan on hitting the candidates for state and federal seats with questions on this subject. Again thanks for the posts!