Chapter 384 Americas New Monetary Policy
In the autumn of 1859, the famous French banker Solomon Rothschild (son of James Rothschild, the head of Europe's largest financial group) came to our country from Paris as a tourist. He looked ordinary, but
What no one knows is that the heir to Europe's largest consortium is actually the overall coordinator of all plans.
He traveled north and south in the United States, extensively contacted local political and financial dignitaries, and continuously fed back the intelligence he collected to Nathaniel Rothschild, the first Rothschild heir in London.
In his talks with local people, Solomon Rothschild publicly stated that he would strongly support the South financially and stated that he would do his best to help the independent South gain recognition from the European powers.
The agent of international bankers in the north was August Belmont, a Jewish banker known as the King of Fifth Avenue in New York."
Regarding the man mentioned by Charles Eliot, William IV knew that August Belmont was the agent of the Rothschild family bank in Frankfurt and was also an in-law of the family.
"In 1829, Auguste, who was only 15 years old, began his career as a banker. He first worked for the Rothschild Bank in Frankfurt and soon showed his outstanding financial talent. In 1832, he was promoted to the Bank of Naples.
After working in a bank, honing his experience in the international financial industry, and becoming familiar with German, English, French, Italian and Dutch, he was sent to New York across the Atlantic in 1837. He hesitated to spend a lot of money on the federal government bonds of the United States, and soon became
He became a leading figure in New York's financial community.
He was valued by Martin Van Buren, the Dutch-American president who had just successfully campaigned for vice president at the time, and was appointed as a financial advisor together with Randy Blaish of the Randy family.
In 1861, the British Empire represented by August and the Rothschild Bank in Frankfurt expressed their willingness to financially support Lincoln in the north.
However, Rothschild invested more in the South.
In order to increase the military pressure on the Lincoln government in the north, at the end of 1861, the British Empire sent 8,000 additional troops to Canada, ready to respond to the Confederate Army's offensive and threaten the Lincoln government from the northern border.
In 1862, the United Kingdom, France, and Spain landed at the port of Mexico, completed their assembly in the border area of the Southern Confederate States of the United States of America, and if necessary, entered the south to directly engage with the Northern Confederate States of America.
In 1863, under the orders of Napoleon III, the French Empire's General Jelle added 30,000 troops and occupied Mexico City.
In the early days of the war, the southern military offensive was victorious, and allied powers such as Britain and France were surrounded by powerful enemies. The Lincoln government was in great difficulty. Bankers calculated that the Lincoln government's treasury was empty at this time. Without huge financing, the war would
It will be unsustainable.
Since the end of the war with the British Empire in 1812, the Commonwealth of America's treasury revenue has been in deficit year after year. Even before Lincoln came to power, the Commonwealth's budget deficit was sold to banks in the form of bonds, and then the banks monopolized the Rothschilds of the British Empire.
The Federal State of Germany and Barings Bank need to pay high interest rates for this, and the debt accumulated over the years has made it difficult for the American government.
The bankers proposed many financing plans and conditions to President Lincoln. When our great president heard that the interest requirements offered by the bankers were as high as 5%, he was stunned. President Lincoln pointed to the door and asked these banks to
Leaving his family was a cruel move that completely plunged the Commonwealth of America into bankruptcy. President Lincoln also knew at that time that the Commonwealth of America would never be able to repay this astronomical debt.
You can't fight a war without money, and borrowing money from international bankers is undoubtedly putting a noose around your neck. Lincoln thought hard about the solution. At this time, his old friends in New York, the Randy family, New York's largest conglomerate,
Randy Bresh, the leader at the helm, gave Lincoln an idea - why doesn't the Confederate States of America issue its own currency?
"Let Congress pass a bill authorizing the Treasury Department to issue fully legal currency, pay soldiers, and then go out and win the war we are facing."
But President Lincoln asked the American people if they would accept this currency. Randy Bush said: "Everyone will have no choice in the matter, as long as you make this new currency fully effective and the government gives them full support."
, they will be as universal as real money, since the constitution grants the national emblem to Air France and the power to set the currency'
After President Lincoln listened to this suggestion, he was overjoyed and immediately appointed Randy Bresh as his full-time financial adviser to plan the matter."
President Charles Elliott said in amazement: "This groundbreaking method breaks the practice of the American federal government having to borrow money from private banks and bear high interest rates. This new currency uses a green pattern to distinguish it from other currencies."
, known as green coins, the uniqueness of this new currency is that it has no monetary metals such as gold and silver as collateral, and provides only 5% interest for 20 years. In other words, from 1863 until
In 1882, interest was only 5%.
During the Civil War, due to the issuance of new currency, the Lincoln government finally overcame the severe failure to obtain legal currency in the early stages of the war, and greatly and efficiently mobilized various resources in the northern part of the American Commonwealth, helping us win in the end, even though the South was still independent.
However, we withstood the invasion originally planned by European countries. Victory indeed belonged to us, and we finally won the current solid economic foundation.
At present, because this low-cost currency has become the storage currency of the Bank of the Federal Republic of America in the north, the bank credit of the Federal Republic of America has been greatly expanded, and the military industry, railway construction, agricultural and industrial production and commercial trade have all achieved unprecedented growth.
financial support.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Therefore, at that time, Randy Bush became one of the greatest contributors to the Commonwealth of America and the most influential citizen of the Commonwealth of America at present.
figure."
Seeing this, William IV smiled proudly.
"The great discovery of local gold in America since 1848 has gradually freed America's finance from the extremely unfavorable situation of being completely dependent on the control of European bankers. It is precisely because of the large amount of high-quality currency as the basis of confidence that Lincoln's new currency can be widely used.
It was accepted by the people and laid a reliable financial foundation for winning the Civil War. What is even more surprising is that the new currency issued by Lincoln did not cause severe inflation similar to the War of Independence. From the outbreak of the Civil War in 1861 to 1867 last year
At the end of the 1970s war, the data in the hands of William IV showed that the price index of the Northern American Commonwealth had only moderately doubled from a little more than double during the 7-year war.
Considering the scale and destructive severity of the war, and compared with other wars of similar scale in the world, this can not but be said to be a financial miracle.
William IV also noticed that, on the contrary, the South also adopted paper currency circulation, but the effect was completely different. The price index of the Confederacy increased to three times its original value during the same period until the end of the war.
During the entire Civil War, the Lincoln government issued a total of US$500 million in new currency. This new currency NG mechanism worked so well that the Lincoln government very seriously considered issuing and legalizing this debt-free currency for a long time.
This deeply hurts the fundamental interests of the international financial oligarchs.
If all governments do not need to borrow money from banks but issue their own currency, bankers' monopoly on currency issuance will no longer exist. Wouldn't banks be drinking from the northwest?
William IV especially remembered that it was no wonder that after hearing the news, the "London Times", representing the bankers of the British Empire, immediately issued a statement warning: If this disgusting new fiscal policy originates from the American Commonwealth, it will be called
For the Lincoln Green Dollar to be made permanent, then the government can issue its own currency at no cost, it will be able to repay all debts and no longer owe debts, it will obtain the necessary currency to develop commerce, and it will become something unprecedented in the world.
The prosperous country, the best minds and all the wealth in the world will flow to North America, and this country must be destroyed, or he will destroy every monarchy in the world.
The British government and the New York International Banking Association, owned by the Rothschild family, angrily expressed their intention to retaliate. On March 28, they announced that they would stop paying financial currency to the Lincoln government. Some international banks in New York also organized gold depositors to withdraw gold.
and announced the withdrawal of its commitment to purchase American government bonds with gold,
Banks across the Commonwealth of America responded one after another. They went to Washington to propose workarounds to President Lincoln and his adviser Randy Bush, suggesting that they should still adopt the past practice of selling high-interest bonds to European bankers.
Depositing Millennium gold in private banks as a reserve for the issuance of credit allowed bankers to make a fortune, and Millennium levied taxes on the industrial sector and the people to support the war.
However, President Lincoln resolutely rejected the completely unreasonable request of the bankers, and his policy later won the hearts of the people. The people of the Commonwealth of America enthusiastically purchased all the bonds and used them as cash in accordance with the law.
The bankers were trying to make a new plan after failing. They found that the law of Congress issuing new Lincoln coins did not mention whether gold would be used to pay interest on national debt, so they reached a compromise with members of Congress.
That is to allow Lincoln New Currency National Debt, but the interest part must be paid in gold. This is the first step of a perfect plan. First, it links America's domestic gold to Lincoln New Currency, and then creates the British Pound System, which had the world's currency reserves at that time.
European bankers have far more federal gold reserve currency than the United States. The compromise between the American bankers and Congress allowed the international financiers to use their control over the total amount of gold imports and exports in the United States to indirectly manipulate the United States.
Chapter completed!