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editorial vault The Crime of 1873 Uploaded on Wednesday 30 April, 2014 to the money trust Demonetizing silver currency for the gold standard Abraham Lincoln was gone by 1866. America's economy was in a period of transition after the country had gone through the hardships of the Civil War. People required liquidity to rebuild their lives which they could obtain through their own assets or through the acquisition of bank loans. The process of retiring the debt-free United States notes (greenback) had begun after Congress passed the Funding Act of 1866, thereby contracting the money supply. America thus returned to a specie standard "hard money" of bimetallism incorporating gold and silver mint reserves. But, with the market price for silver depreciating to such an extent, the bimetallic standard was short lived. Gold, however, remained strong. America was on course for a gold standard after Congress passed the Coinage Act of 1873, effectively demonetizing silver and contracting the money supply further. There are various debates about what caused the downfall of silver. Some put it down to supply and demand mechanisms with miners discovering vast quantities of silver on America's western territories, whilst others refute this by declaring that the money trust conspired to devaluate silver and appreciate the price of gold to drive Congress towards adopting a gold standard. The reasons given for this theory are that the money trust controlled gold, since it was scarce, whereas silver they could not control as it was plentiful and easily available; and the gold standard held the key to claw back control by snatching the money supply power out of government hands and force Congress to reinstate their central bank, which Andrew Jackson killed off in 1836. There is considerable scope to this theory when one considers that the worldwide gold price is set by just a handful of banks: Goldman Sachs, UBS, Barclays Plc, Bank of Nova Scotia, HSBC Holdings Plc and Société Générale SA. 0 Comments sign in to comment  |  register an account featured editorial Click the icon to load the document or launch the popup the money trust the globalist cabal the nexus of power the media consortium the erosion of liberty the world order miscellaneous more editorials your comments President Jackson's Veto Message to Congress Regarding the Bank of the United States; July 10, 1832 Greenbacks in the American Civil War The National Banking Acts of 1863 and 1864 The Crime of 1873 Demonetizing silver currency for the gold standard William Jennings Bryan's Cross of Gold Speech The Democratic National Convention in Chicago; July 9, 1896  Load More Suggestions

Bill Still Interview   Published on Tuesday 20 September, 2011   Bill Still talks to Max Keiser on the Keiser Report E186. Still, an author and award winning documentary producer, discusses Fort Knox, the Fed, state banks and monetary reform. view comments  |  post a comment editorial vault » the money trust Ellen Brown Speech   Published on Monday 21 May, 2012   Ellen Hodgson Brown, President & Founder of the Public Banking Institute (PBI) and author of such books as "The Web of Debt", The Public Bank Solution", addresses the PBI 2012 conference in Philadelphia. view comments  |  post a comment video library » the globalist cabal Victoria Grant   Published on Tuesday 8 May, 2012   Victoria Grant, seen here aged 12 years old, addresses the first annual Public Banking Conference in Philadelphia, PA. Her father and she discovered that the debt money system was what was wrong with the Canadian economy and decided to do something about it. view comments  |  post a comment video library » the mainstream media Bank of North Dakota   Published on Monday 24 January, 2011   The Bank of North Dakota was established by legislative action in 1919 to promote agriculture, commerce and industry. North Dakota is the only state to have escaped the credit crisis. For every year since 2008, it has run a budget surplus and it has the lowest unemployment figures in the US, the lowest default rate on its loans and the lowest foreclosure rate. view comments  |  post a comment editorial vault » the money trust Pennsylvania Project   Published on Saturday 14 September, 2013   Mike Krauss, Chairman of the Pennsylvania Project, puts forward his proposal, based on the success of the Bank of North Dakota, to create a Public Bank for the state of Pennsylvania. Such a move would free the state from the clutches of the Fed, reduce the debt burden, boost investments and serve the public interest. view comments  |  post a comment picture gallery » the police state The Banking Swindle   Published on Saturday 24 August, 2013   Most people hold the view that their bank deposits are safe with the big commercial banks, however, this assumption is not based on the facts. This video features official government documents detailing information that should sound anyone's alarm bells [edited]. view comments  |  post a comment video library » the world order

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