On Sunday September 18, 2022 at 2pm ET, legendary historian Anton Chaitkin presented a lecture titled Lincoln vs. the Money Power, centering on the February 1862 Legal Tender Act; plus an exploration of the Lincoln administration’s agricultural strategy as it relates to the Western frontier, and to world development today.
Volume 1 of Anton’s new book series “Who We Are: America’s Fight for Universal Progress” can be purchased here: https://whowearebook.com/
www.risingtidefoundation.net
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A powerful exposition.
36:00 American Farmer newspaper
1:36:20 Americans and Russians think government is inherently wrong
Lincoln was not against the money power. He was working for the money power. Lincoln was an attorney for the Illinois Central Railroad. The money power was investing heavily in railroads. At one point, Lincoln sued the Illinois Central Railroad for his 5,000 dollar fee. The Railroad did not put up a fight fielding no defense attorneys. This gave the illusion that he was not in good with the biggest corporation of that time. Throughout his entire political career he said he was a Henry Clay man which is a politician who advocated a national bank, fiat money, internal improvements, a national currency and high tariffs. This benefitted the northern industrialists but also the commercial bankers as well as the international bankers. The Rothschild's and Baring's heavily invested in Railroad bonds. Lincoln's Railroad Act allowed for the backing of railroad bonds by taxpayers if those bonds defaulted. This is what the European bankers who were investing the capital wanted. Your thinking that he introduced paper currency at the detriment of the bankers is a phony argument. There was no authorization for a federal banking system in the constitution. I have heard this phony argument many times: "We just need to have the government control the national bank instead of private interests." This is wrong. We need a free market banking system in which the market decides what money is and which banks succeed or fail. We had this system before the Civil War. Centralized banking whether in the hands of private interests are the state is dangerous. A national currency controlled by a few is what is dangerous. Prior to the Civil War, we had gold and silver as money. We had deer skin, whiskey, cash crops etc. acting as money as well as paper money backed by commodities issued by private banks. This decentralized banking system protected wealth and kept it from being consolidated. Once Lincoln passes the National Banking Acts we see finance being consolidated in the hands of the few. Once finance is consolidated we see that industry becomes consolidated. Companies like Carnegie Steel and Standard Oil were a result of consolidated finance. James Stillman who was one of the owners of Standard Oil was on the board of National City Bank with Jacob Schiff. Schiffs are long standing partners with the Rothschilds.
I never realized what happened to the Western US. I witnessed the development by my preceding generation. Roads, schools, hospitals, etc. I now witness it's destruction. Agriculture has adopted the ideal of the "cattle baron's" empire through vertical integration.
Tony, are you rewriting Aereboe's "Agrarpolitik"?