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Saturday, 9 February 2013

Quote of note: From chattel slavery to debt slavery

The "Hazard Circular," 1862, quoted in Charles Lindburgh, Banking and Currency and the Money Trust (Washington D.C.: National Capital Press, 1913), page 102:

"Slavery is likely to be abolished by the war power and chattel slavery destroyed. This, I and my European friends are glad of, for slavery is but the owning of labor and carries with it the care of the laborers, while the European plan, led by England, is that capital shall control labor by controlling wages. This can be done by controlling the money. The great debt that capitalists will see to it is made out of the war, must be used as a means to control the volume of money. To accomplish this, the bonds [government debt to the bankers] must be used as a banking basis. . . . It will not do to allow the greenback, as it is called, to circulate as money any length of time, as we cannot control that."

Hat tip: Web of Debt

The "Banking and Currency and the Money Trust" promises to be a fascinating read.

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2 comments:

Anonymous said...

"This Federal Reserve Act establishes the most gigantic trust on earth. When the President Wilson signs this bill, the invisible government of the monetary power will be legalized. The worst legislative crime of the ages is perpetrated by this banking and currency bill." - Charles A. Lindbergh, Sr. , 1913

Fausty said...

... which is why the Fed opposed Ron Paul with such ferocity. Bankers would lose their power as soon as the link between government and the central bank is broken.

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