Loading ...Saw the below Ben Franklin quotes elsewhere and I think it applies to your discussion.
This is a fight that has been going on for centuries, but we sure don’t learn about it in school.
This fact doesn’t get 1% of the publicity that the Tea Tax got. Not hard to imagine why not.
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comment by MadelynMarie
I actually think we are fighting the same banking families today that we were fighting during the American Revolution (central bankers out of City of London control British Empire).
https://nam01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.xat.org%2Fxat%2Fmoneyhistory.html&data=04%7C01%7C%7Caac6d84eb0cc4838b8f608d88c85e5db%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637413853992488249%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=RCJ8tVuZfuYySa7p%2BRqQNtDyUWFnRWyCDzKvDOhcamI%3D&reserved=0
[snip]……During a visit to Britain in 1763, The Bank of England asked Benjamin Franklin how he would account for the new found prosperity in the colonies. Franklin replied.
“That is simple. In the colonies we issue our own money. It is called Colonial Script. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one.”
America had learned that the people’s confidence in the currency was all they needed, and they could be free of borrowing debts. That would mean being free of the Bank of England.
In Response the world’s most powerful independent bank used its influence on the British parliament to press for the passing of the Currency Act of 1764. This act made it illegal for the colonies to print their own money, and forced them to pay all future taxes to Britain in silver or gold.
Here is what Franklin said after that.
“In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed.”
“The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War.”
- Benjamin Franklin’s autobiography