[greenbacks] will gordon issue a uk version

In 1862, the bankers secured the passage of an Act which provided for the issue and circulation of private bank notes of a less denomination than $5.00 in the District of Columbia. On June 23rd, 1862, Lincoln exercised his power to veto the Bill:

"This bill seems to contemplate no end which cannot be otherwise more certainly and beneficially attained. During the existing war it is peculiarly the duty of the National Government to secure to the people a sound circulating medium. This duty has been, under existing circumstances, satisfactorily performed, in part at least, by authorizing the issue of United States notes, receivable for all government dues except customs, and made a legal tender for all debts, public and private, except interest on public debt.

…Entertaining these objections to the bill, I feel myself constrained to withhold from it my approval, and return it for the further consideration and action of Congress. [Abraham Lincoln, June 23, 1862.]

Lincoln backed the greenback to counter the bankers and in his letter to Colonel E.D. Taylor says:

"...we finally accomplished it, and gave to the people of this Republic the greatest blessing they ever had ...It is due to you, (Col. Taylor) the father of the present greenback, that the people should know it, and I take great pleasure in making it known..."

The problem was in the codicil:

"This note is legal tender for all debts public and private... except duties on imports and interest on the public debt…"

Near the end of his term, Lincoln was despairing of having lost the battle with the financiers:

"We may congratulate ourselves that this cruel war is nearing its end. It has cost a vast amount of treasure and blood. . . . It has indeed been a trying hour for the Republic; but I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country.

As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war. God grant that my suspicions may prove groundless." [letter from Lincoln to Col. Wm. F. Elkins, Nov. 21, 1864.]

… whilst Europe was despairing of the greenbacks policy:

"If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe." [Hazard Circular - London Times 1865]

The idea of a National Currency controlled by the government itself remained persistent for a long time. In response to the 1877 riots, the American Bankers Association secretary James Buel wrote:

"It is advisable to do all in your power to sustain such prominent daily and weekly newspapers, especially the Agricultural and Religious Press, as will oppose the greenback issue of paper money and that you will also withhold patronage from all applicants who are not willing to oppose the government issue of money.

To repeal the Act creating bank notes, or to restore to circulation the government issue of money will be to provide the people with money and will therefore seriously affect our individual profits as bankers and lenders. See your congressman at once and engage him to support our interest that we may control legislation."

Now let’s cut to 1963, with:

Executive Order 11110 AMENDMENT OF EXECUTIVE ORDER NO. 10289

AS AMENDED, RELATING TO THE PERFORMANCE OF CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY

By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows:

Section 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended-

By adding at the end of paragraph 1 thereof the following subparagraph (j):

(j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12,1933, as amended (31 U.S.C.821(b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denomination of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption

and --

By revoking subparagraphs (b) and (c) of paragraph 2 thereof.

Sec. 2. The amendments made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made. [John F. Kennedy The White House, June 4, 1963]

Executive Order 11,110 called for the issuance of $4,292,893,815 in United States Notes through the U.S. Treasury rather than through the traditional Federal Reserve System.

From The Final Call, Vol. 15, No.6, On January 17, 1996

U.S. notes were fiat money but free of interest, not based on debt and not monopolistic. Federal Reserve notes are fiat money, not based on anything solid but on debt and the issuance is monopolistic. Lincoln and Kennedy were both killed.

Will Gordo be brave enough and love his people enough to issue a non-interest bearing currency which will secure his suffering people sustenance in their time of trouble?