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“Corporations have been enthroned. An era of corruption in high places will follow … until wealth is aggregated in a few hands … and the Republic is destroyed.”

–Abraham Lincoln, after the National Banking Act of 1863 was passed.
Public Banking -- it already works in the United States and is catching on! 20 States are considering some form of state banking legislation.
What's Happening in your State?
Find out by clicking on the map or here. Are you interested in starting a county-owned bank? Visit our new county bank webpage here.

http://www.publicbankinginstitute.org/home.htm

LINCOLN'S MONETARY POLICY

***Please See Editors Note:

 

"[Lincoln's] MONETARY POLICY is one of the world's great political declarations; a masterpiece of succinct advocacy and irrefutable justice" -- M. Rowbotham

  Lincoln's MONETARY POLICY, a short, 8-paragraph document, is reproduced in its entirety below. It may strike the reader as a rather dry document. It defines, however, the parameters of personal freedom as set within the context of a just economy. (Comments bracketed [...];). Had it been implemented, it would have ushered in a worldwide economic renewal. Unfortunately, a few weeks after its introduction, Lincoln was assassinated.

As Rowbotham notes:

"...such a monetary policy as [Lincoln] was proposing, if pursued effectively, would have signaled the end of banking and monetary power in the United States, and very rapidly everywhere throughout the developing world. Once that one government was seen to be capable of supplying its nation's monetary needs, others would certainly have followed."

~ MONETARY POLICY (1865) ~

Money is the creature of law, and the creation of the original issue of money should be maintained as the exclusive monopoly of national government. Money possesses no value to the state other than that given to it by circulation Capital has its proper place and is entitled to every protection. The wages of men should be recognized in the structure of and in the social order as more important than the wages of money [interest].

No duty is more imperative for the government than the duty it owes the people to furnish them with a sound and uniform currency, and of regulating the circulation of the medium of exchange so that labour will be protected from a vicious currency [private bank-created, interest-bearing debt], and commerce will be facilitated by cheap and safe exchanges.

The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money of intrinsic value that may come into use.

The monetary needs of increasing numbers of people advancing towards higher standards of living can and should be met by the government. Such needs can be met by the issue of national currency and credit through the operation of a national banking system. The circulation of a medium of exchange issued and backed by the government can be properly regulated and redundancy of issue avoided by withdrawing from circulation such amounts as may be necessary by taxation, re-deposit and otherwise. Government has the power to regulate the currency and credit of the nation.

Government should stand behind its currency and credit and the bank deposits of the nation. No individual should suffer a loss of money through depreciation or inflated currency or Bank bankruptcy.

Government, possessing the power to create and issue currency and credit as money and enjoying the right to withdraw both currency and credit from circulation by taxation and otherwise, need not and should not borrow capital at interest [from the private banking system or their affiliates] as a means of financing government work and public enterprise. The government should create issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government's greatest creative opportunity.

By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power.

Abraham Lincoln, Senate document 23, Page 91. 1865.

***Editors note:

The following headline appeared in an article featured in the May edition of COMER. (The Journal Of The Committee On Monetary And Economic Reform)

DID LINCOLN ACTUALLY SPEAK THE LINES ON MONEY CREATION ATTRIBUTED TO HIM OR “JUST” PUT THEM INTO PRACTICE?

Mr. Keith Wilde researching Lincoln’s papers could not find any reference to the above policy statement, claiming instead that monetary reformer Gerald McGeer in his book “The Conquest of Poverty” was taking literary license by simply putting words in Lincoln’s mouth. Either way, the above policy appears to be the formula followed by Lincoln when he ordered the issuance of government Greenbacks. In other words the proof appears to be in the pudding.

http://www.cfoss.com/lincoln.html

Take Action

Here are a few tools for approaching friends, voters and congresspeople and giving presentations.

1. A tri-fold flyer that could be useful for seeding the ideas raised in this website and blog is here: flyer – state-owned bank 12-09.

Another tri-fold flyer, from the Public Banking Institute (PBI), summarizing the arguments for a state-owned bank is here:
How States Can Solve Their Budget Crises: Own a Bank.


Front and back can be printed on a single sheet of paper. Fold between the three columns.

Another tri-fold flyer, from the Public Banking Institute (PBI), explaining money and banking is here:
Reclaim the MONEY POWER with Publicly Owned Banks: OCCUPY BANKS.

As a hard leaning conservative libertarian, I think this man is right.

Who dat man?

Are you familiar with my other group?

A REPUBLIC; IF YOU CAN K…

A REPUBLIC; IF YOU CAN KEEP IT?

You dat man, my honkey nigga cracka.

A republic, that we lost. A crime against all peoples. A remedy for all peoples.

Should I Re-Sent that;)?

Capitalism run by banksters doesent work. Socialism run by thieves doesent work. North Dakota set up the bank to stop being pillaged by banksters in the north east from what I've read. Most of the people with disposable income depend on the banksters to screw over the public to continue to buy those 200$ pair of shoes. Most of the folks who enjoy the wealth have the same values that the banksters have.
This is more of free market banking than socialism.

Nationalizing is Socialism.

The Central Bank of money creation, should be Nationalized. After that free market banking.

Money creation should owned by the public, created debt free, and spent into the economy, not load at interest. Public works would be money well spent. Win Win Win

so·cial·ism

[soh-shuh-liz-uhm] Show IPA
noun
1.
a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
2.
procedure or practice in accordance with this theory.
3.
(in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.

And before anyone goes Marx The FED is one of the 10 planks so...

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