On February 25, 1862, the U.S. Congress passes the Legal Tender Act, authorizing the use of paper notes to pay the government’s bills. This ended the long-standing policy of using only gold or silver in transactions, and it allowed the government to finance the enormously costly Civil War long after its gold and silver reserves were depleted.
Soon after the war began, the federal government began to run low on specie. Several proposals involving the use of bonds were suggested. Finally, Congress began printing money, which the Confederate government had been doing since the beginning of the war. The Legal Tender Act allowed the government to print $150 million in paper money that was not backed by a similar amount of gold and silver. Many bankers and financial experts predicted doom for the economy, as they believed there would be little confidence in the scheme. There were also misgivings in Congress, as many legislators worried about a complete collapse of the nation’s financial infrastructure.
The paper notes, called greenbacks, worked much better than expected. The government was able to pay its bills and, by increasing the money in circulation, the wheels of Northern commerce were greased. The greenbacks were legal tender, which meant that creditors had to accept them at face value. In 1862, Congress also passed an income tax and steep excise taxes, both of which cooled the inflationary pressures created by the greenbacks.
Another legal tender act passed in 1863, and by war’s end nearly a half-billion dollars in greenbacks had been issued. The Legal Tender Act laid the foundation for the creation of a permanent currency in the decades after the Civil War.
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One of many Unconstitutional and treasonous acts of the period. All hail saint Lincoln…LOL
This is the monetary noose around our necks. Eliminate this law and let the market choose a monetary system.
Not the last time congress would commit treason. What a wonderful system of government, goyims.
Government issue money and cheat the Rothschilds out of their interest by not borrowing from them? You could get shot for this! Ask Abe and JFK.
Long before this day in history was tendered towheaded troopleheads, people in general, never tendered their resignations from immaturity.
“The family” ~ La Familia ~ nuclear & otherwise-guized, is the bio-foundry principle that never fails to founder. Cuz kids just wanna be told ~ & to tell – imprinting, ya’ know: My Mother the Car•bine Car•tel•ife form ~ what to do, when to do, where, how, everything. And “bio-security” – like binkeys & blankeys – ain’t no new thing, neither.
https://www.etymonline.com/word/car
MPatriarchy. Parents beyond the parents. My dad can use me, us, to beat up your dad & youse. We Are Family ♪♫♪ ~ Relatives Sledge/hammers
“The greenbacks were legal ~ parental ~ tender, which meant that creditors ~ children ~ had to accept them at face value.”
*Had* to accept Father Abraham’s Big Daddy-ness. Forgot to Duck Scat on a Hot Tin Roof.
“The legal tender act laid the foundation…” on its back, in the green, green grass o’ home, & gangraped it & ground in those green grass stains & so was the precedent (send lawyers, guns & money) legally set & the greenbacks bastard spawn of rapine born. Well, reborn, a la zombie-viral immortality.
Games people play, transactional anal/Isis, the doors of perception, mirrors ~ dirty, carnival, invisible, stacked & layered ~ neurons (same as the old rons, “Honey, I forgot to duck,” quack-quack-waddle-waddle-shit-shit {if you ever raised ducks, you know – what a freakin’ mess}.
Something very suspicions about young Cassius TKO’ing that Brutus of a man Sonny, too, on this day in history. I don’t believe it. Seems like the Mob greasing Kennedy in, then Cassius/Ali refusing to go along with his further conscription & the Mob greasing him out. Culture’s been just a‘ cancelling in all kinda’ ways forever, that’s what it is & does, ain’t nuthin’ new about it.
This is the life of illusion
Wrapped up in trouble, laced with confusion
What are we doing here?
And always, everywhere, there would be the yelling or quietly authoritative hypnotists; and in the train of the ruling suggestion givers, always everywhere, the tribes of buffoons and hucksters, the professional liars, the purveyors of entertaining irrelevances. Conditioned from the cradle, unceasingly distracted, mesmerized systematically, their uniformed victims would go on obediently marching and countermarching, go on, always and everywhere, killing and dying with the perfect docility of trained poodles. ~Aldous Huxley
The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum—even encourage the more critical and dissident views. That gives people the sense that there’s free thinking going on, while all the time the presuppositions of the system are being reinforced by the limits put on the range of the debate. ~ Noam Chomsky
The Over(the rainbow)ton Window of development – & opportunity – is closed. Per Mama Nature’s specs. Continuous defenestration through the plate glass & Bastiat busted window “booms” are also de riguer Daddy Nature specs.
Homo sapiens is bio-immature/childish, bio-stupid.
Can’t fix stupid but biographers cando overwrite it. Words, language, Gutenberg are mostly just accelerant to the arson fire Ma & Pa Nature set.
Life, low to high, is combustion. Conflagration. Wildfire. Pining beetles & wages of synaptic lightning bolts (& un-maintained sparking-arcing grid/powerline infrastructure…cuz those “funds” was slushed away into cuz we’s-the-parentals pockets –that’s-why).
Lincoln paved the road to hell for the US.