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Colonies were more prosperous than the home country Before the Declaration of Independence (1776) and the war that followed, the colonized part of what is today the United States of America was a Crown possession of England. It was called New England, and was made up of 13 colonies, which became the original states of the great Republic. In 1750, this New England was very prosperous. Benjamin Franklin wrote: "There was abundance in the Colonies, and peace reigned on every border. It was difficult, even impossible, to find a happier and more prosperous nation on all the surface of the globe. Comfort prevailed in every home. The people, in general, kept the highest moral standards, and education was widely spread." When Franklin went over to England to represent the interests of the Colonies, he saw a completely different situation; the working population of the home country was gnawed by hunger and plagued by inescapable poverty. "The streets are covered with beggars and tramps," he wrote. He asked his English friends how England, with all its wealth, could have so much poverty among its working classes. His friends replied that England was prey to a terrible condition; it had too many workers! The rich said they were already overburdened with taxes, and could not pay more to relieve the needs and poverty of this great mass of workers. Several rich Englishmen of that time actually believed what economist Thomas Malthus later wrote, that wars and epidemic disease were necessary to rid the country from "manpower surpluses." People in London asked Franklin how the American Colonies managed to collect enough money to support their poorhouses, and how they could overcome this plague of unemployment and pauperism. Thanks to debt-free money issued by the colonial governments Franklin replied; "We have no poorhouses in the Colonies, and if we had some, there would be no one to put in them, since in the Colonies there is not a single unemployed person, not a beggar nor a tramp." His friends could not believe their ears, or understand how this could be. They knew when the English poorhouses and jails became too cluttered, England shipped the wretched inmates like cattle, to be dumped on the quays of the Colonies if they survived the filth and privations of the sea voyage. (In those days English debtors went to jail if they could not pay their debts, and few escaped, since in jail they could not earn money.) Franklin’s acquaintances, in view of all this, asked him how he could explain the remarkable prosperity of the New England Colonies. Franklin told them: "Why, that is simple! In the Colonies, we issue our own paper money. It’s called ’Colonial Scrip.’ We issue it to pay the government’s approved expenses and charities. We make sure it’s issued in proper proportion to make the goods pass easily from the producers to the consumers. In other words, we make sure there is always adequate money in circulation for the needs of the economy. "In this manner, by creating ourselves our own paper money, we control its purchasing power, and we have no interest to pay, to anyone. You see, a legitimate government can both spend and lend money into circulation, while banks can only lend significant amounts of their promissory bank notes, for they can neither give away nor spend but a tiny fraction of the money the people need. Thus, when your bankers here in England place money in circulation, there is always a debt principal to be returned and usury to be paid. The result is that you have always too little credit in circulation to give the workers full employment. You do not have too many workers, you have too little money in circulation, and that which circulates, all bears the endless burden of unpayable debt and usury." English Bankers impose poverty on the Colonies Franklin should not have been so free with his advice, which soon came to the attention of the powerful English Bankers. They quickly used their influence to have the British Parliament pass a law that prohibited the Colonies from using their Colonial Scrip money. The new law ordered them to use only credit redeemable in gold and silver coins that were provided in insufficient quantity by the banks of England. And so began in America the plague of debt-based money, which has ever since brought as many hardships to the American people, as it has to Europeans. The first law regulating Colonial money was passed by the British Parliament 1751, then expanded by a more restrictive law in 1763. Franklin reported that only one year after implementation of the prohibition on Colonial Scrip, the streets of the Colonies were filled with unemployed and beggars, just like those he had seen in England, because there was not enough money to pay for their goods and work. The English Banker’s new laws had reduced the circulating medium by half. Franklin added that this was "the original and true cause of the American Revolution;" and not the tax on tea or the Stamp Act, as has been taught our children for generations in "history" books. The Financiers (bankers) of every generation manage to have removed from school books any information that can throw light on their own schemes and fraudulent actions that protect their power over the people. Franklin, one of the chief architects of American independence, put it clearly: "The Colonies would gladly have borne the little tax on tea and other matters had it not been for the poverty created by the bad influence of the English Bankers on the Parliament, which has caused in the Colonies hatred of England and the Revolutionary War." Other great statesmen of that era, including Thomas Jefferson, John Adams, and George Jackson confirmed this point of view held by Franklin; and later by Andrew Jackson and Martin Van Buren. Abraham Lincoln and John Kennedy both issued sovereign money, James Garfield tried, and all three died in office. A remarkably honest English historian, John Twells, speaking of the money of the Colonies, their Colonial Scrip, wrote: "It was the monetary system under which America’s Colonies flourished to such an extent that Edmund Burke was able to write about them: ’Nothing in the history of the world resembles their progress. It was a sound and beneficial system, and its effects led to the happiness of the people.’ " John Twells added: "In a bad hour, the British Parliament took away from America its own scrip money, forbade any further issue of such bills of credit, these bills ceasing to be legal tender, and ordered that all taxes should be paid in British coins. Consider now the consequences: this restriction of the medium of exchange paralyzed all the industrial energies of the people. Ruin took place in these once flourishing Colonies; most rigorous distress visited every family and every business, discontent became desperation, and reached a point, to use the words of Dr. Johnson, when human nature rises up and asserts its rights." Another historical writer, Peter Cooper, expressed himself along the same lines. After saying how Franklin had explained to members of Parliament the reason for the prosperity of the Colonies, Cooper wrote: "After Franklin gave explanations on the true cause of the prosperity of the Colonies, the Parliament enacted laws forbidding the use of this money in the payment of taxes. This decree, clearly in the interest of the British bankers who stood behind the Crown, brought so many drawbacks and so much poverty to the people that it was the main cause of the Revolution. The supression of the Colonial money was a much more important reason for the general uprising than the Tea and Stamp Acts." DANGER! The Scrip of the Bankers has Taken over America Today, in America as well as in Europe, we are under the regime of the Scrip of the Bankers instead of the scrip of the sovereign nations. Hence the enormous public debts, everlasting interest (usury) charges, taxes that plunder purchasing power and rob the production of the people, with the result being more and more consolidation of the financial dictatorship. Where shall we start to correct the fraud of the bankers? The first step in the monetary reform being advocated by more and more action groups of educated and intelligent people is precisely the replacement of the banks’ debt money by debt-free money issued by the Constitutionally mandated sovereign government of the nation, the United States Congress, and elsewhere, the British Parliament, and similar governments. It is the duty of those governments to serve and protect their people, not allow financial robber barons to destroy them. We must end the dictatorship of the moneyed interests! It will soon become clear to you that we need to abolish the Federal Reserve Banking System as a privately owned central bank controlled partly by foreign interests. Check clearing must be taken over by the U. S. Treasury Department, and the commercial banks of our system must no longer be permitted to create and issue debt money by fractional reserve deposit expansion. A debt money system never provides money to pay interest, so the banks ultimately acquire all the People’s property by foreclosure, as Thomas Jefferson said they would. The above is political satire! — right? p e a c e VII.Bee 1758 Benjamin Franklin Age 52 Establishes routine of club attendance that lasts throughout years in England. On Mondays often dines at George and Vulture with group of scientists, philanthropists, and explorers, including John Ellicot and, occasionally, Captain James Cook. Thursdays, usually dines with favorite group, Club of Honest Whigs, at St. Paul's Coffeehouse; members include John Canton, Richard Price, Joseph Priestley, James Burgh, William Rose, Andrew Kippis, and, occasionally, James Boswell. Sundays, frequently dines with Sir John Pringle, who gradually displaces printer William Strahan as closest friend in England; Alexander Small and David Hume are often guests. January to May, confers with Penns and defends Pennsylvania at Board of Trade; finally, November 27, Penns concede limited taxation, but they write the next day to Pennsylvania Assembly averring that Franklin lacks candor. Spends week at Cambridge in late May performing evaporation experiments with John Hadley, professor of chemistry. Visits ancestral homes at Ecton and Banbury in July with son William, collecting genealogical information. Invents damper for stoves or chimneys, December 2. 1762 Benjamin Franklin Age 56 Receives honorary degree of Doctor of Civil Law from Oxford, April 30. Sends Giambatista Beccaria, Italian scientist who disseminated Franklin's electrical theories, a description on July 13 of recently invented musical instrument, glass armonica, which he had been working on since 1761; Mozart and Beethoven later compose for it. Leaves London in August for Portsmouth to embark for Pennsylvania; arrives in Philadelphia November 1. Son William marries Elizabeth Downes September 4 in London, and is commissioned royal governor of New Jersey September 9. 1764 Benjamin Franklin Age 58 Elected speaker of Assembly, May 26; drafts petition to King for change of government, and signs it as speaker after Assembly adopts it. Massachusetts House of Representatives writes Franklin as speaker urging other colonies to oppose Stamp Act, Parliamentary measure to raise revenue by taxing printed matter in colonies; September 12, Franklin lays proposal before Assembly, which instructs its London agent, Richard Jackson, to oppose passage of proposed Stamp Act, to seek modifications of Sugar Act (enacted April 5), and to argue that only the Pennsylvania legislature has the right to impose taxes in Pennsylvania; Franklin signs instructions. August and September, election campaign for Assembly features vicious attacks on Franklin's character (it is alleged that he favored royal government because he coveted governorship; that he had drawn large income from public monies while Assembly agent in England; that he had been careless with public funds given to his supervision; that William's mother was his maidservant Barbara, and that he had buried her in an unmarked grave; in addition, an old ethnic slur – Franklin had called German immigrants "Palatine Boors" in 1751 – was brought up), and he is defeated October 1. His party retains a majority and appoints him October 26 to join Jackson as Assembly's agent in London. Minority members impugn Franklin, who defends his integrity November 5 in Remarks on a Late Protest. Leaves Philadelphia November 7; wife, Deborah, again refusing to sail overseas, remains in Philadelphia. Arrives at Isle of Wight December 9; reaches London the next day and takes up residence at old lodgings with Mrs. Stevenson. Summaries: http://www.english.udel.edu/lemay/franklin/american.html The Currency Act 1764 The colonies suffered a constant shortage of currency with which to conduct trade. There were no gold or silver mines and currency could only be obtained through trade as regulated by Great Britain. Many of the colonies felt no alternative to printing their own paper money in the form of Bills of Credit. But because there were no common regulations and in fact no standard value on which to base the notes, confusion ensued. The notes were issued by land banks, or loan offices, which based the value of mortgaged land. Some notes payed interest, others did not. Some could be used only for purchase and not to repay debt. Some were issued only for public debts & could not be used in private transactions. There was no standard value common to all of the colonies. British merchant-creditors were very uncomfortable with this system, not only because of the obvious complexity, but because of the rapid depreciation of the notes due to regular fluctuations in the colonial economy. On September 1, 1764, Parliament passed the Currency Act, effectively assuming control of the colonial currency system. The act prohibited the issue of any new bills and the reissue of existing currency. Parliament favored a "hard currency" system based on the pound sterling, but was not inclined to regulate the colonial bills. Rather, they simply abolished them. The colonies protested vehemently against this. They suffered a trade deficit with Great Britain to begin with & argued that the shortage of hard capital would further exacerbate the situation. Another provision of the Currency Act established what amounted to a "superior" Vice-admiralty court, at the call of Navel [sic] commanders who wished to assure that persons suspected of smuggling or other violations of the customs laws would receive a hearing favorable to the British, and not the colonial, interests. http://www.ushistory.org/declaration/related/currencyact.htm The Townshend Revenue Act 1767 Taxes on glass, paint, oil, lead, paper, and tea were applied with the design of raising £40,000 a year for the administration of the colonies. The result was the resurrection of colonial hostilities created by the Stamp Act. Reaction assumed revolutionary proportions in Boston, in the summer of 1768, when customs officials impounded a sloop owned by John Hancock, for violations of the trade regulations. Crowds mobbed the customs office, forcing the officials to retire to a British Warship in the Harbor. Troops from England and Nova Scotia marched in to occupy Boston on October 1, 1768. Bostonians offered no resistance. Rather they changed their tactics. They established non-importation agreements that quickly spread throughout the colonies. British trade soon dried up and the powerful merchants of Britain once again interceded on behalf of the colonies. June 29, 1767 AN ACT for granting certain duties in the British colonies and plantations in America; for allowing a drawback of the duties of customs upon the exportation from this kingdom, of coffee and cocoa nuts of the produce of the said colonies or plantations; for discontinuing the drawbacks payable on china earthen ware exported to America; and for more effectually preventing the clandestine running of goods in the said colonies and plantations. WHEREAS it is expedient that a revenue should be raised, in your Majesty's dominions in America, for making a more certain and adequate provision for defraying the charge of the administration of justice, and the support of civil government, in such provinces as it shall be found necessary; and towards further defraying the expenses of defending, protecting and securing the said dominions; ... be it enacted.... That from and after the twentieth day of November, one thousand seven hundred and sixty seven, there shall be raised, levied, collected, and paid, unto his Majesty, his heirs, and successors, for upon and the respective Goods here in after mentioned, which shall be imported from Great Britain into any colony or plantation in America which now is or hereafter may be, under the dominion of his Majesty, his heirs, or successors, the several Rates and Duties following; that is to say, For every hundredweight avoirdupois of crown, plate, flint, and white glass, four shillings and eight pence. For every hundred weight avoirdupois of red lead, two shillings. For every hundred weight avoirdupois of green glass, one shilling and two pence. For every hundred weight avoirdupois of white lead, two shillings. For every hundred weight avoirdupois of painters colours, two shillings. For every pound weight avoirdupois of tea, three pence. For every ream of paper, usually called or known by the name of Atlas fine, twelve shillings. ... IV. ...and that all the monies that shall arise by the said duties (except the necessary charges of raising, collecting, levying, recovering, answering, paying, and accounting for the same) shall be applied, in the first place, in such manner as is herein after mentioned, in making a more certain and adequate provision for the charge of the administration of justice, and the support of civil government in such of the said colonies and plantations where it shall be found necessary; and that the residue of such duties shall be payed into the receipt of his Majesty's exchequer, and shall be entered separate and apart from all other monies paid or payable to his Majesty ...; and shall be there reserved, to be from time to time disposed of by parliament towards defraying the necessary expense of defending, protecting, and securing, the British colonies and plantations in America. V. And be it further enacted ..., That his Majesty and his successors shall be, and are hereby, impowered, from time to time, by any warrant or warrants under his or their royal sign manual or sign manuals, countersigned by the high treasurer, or any three or more of the commissioners of the treasury for the time being, to cause such monies to be applied, out of the produce of the duties granted by this act, as his Majesty, or his successors, shall think proper or necessary, for defraying the charges of the administration of justice, and the support of the civil government, within all or any of the said colonies or plantations... . X. And whereas by an act of parliament made in the fourteenth year of the reign of King Charles the Second, intituled, An act for preventing frauds, and regulating abuses, in his Majesty's customs, and several other acts now in force, it is lawful for any officer of his Majesty's customs, authorized by writ of assistance under the seal of his Majesty's court of exchequer, to take a constable, headborough, or other public officer inhabiting near unto the place, and in the daytime to enter and go into any house, shop cellar, warehouse, or room or other place and, in case of resistance, to break open doors, chests, trunks, and other pakage there, to seize, and from thence to bring, any kind of goods or merchandise whatsoever prohibited or uncustomed, and to put and secure the same in his Majesty's storehouse next to the place where such seizure shall be made; and whereas by an act made in the seventh and eighth years of the reign of King William the Third, intituled An act for preventing frauds, and regulating abuses, in the plantation trade, it is, amongst otherthings, enacted, that the officers for collecting and managing his Majesty's revenue, and inspecting the plantation trade, in America, shall have the same powers and authorities to enter houses or warehouses, to search or seize goods prohibited to be imported or exported into or out of any of the said plantations, or for which any duties are payable, or ought to have been paid; and that the like assistance shall be given to the said officers in the execution of their office, as, by the said recited act of the fourteenth year of King Charles the Second, is provided for the officers of England: but, no authority being expressly given by the said act, made in the seventh and eighth years of the reign of King William the Third, to any particular court to grant such writs of assistance for the officers of the customs in the said plantations, it is doubted whether such officers can legally enter houses and other places on land, to search for and seize goods, in the manner directed by the said recited acts: To obviate which doubts for the future, and in order to carry the intention of the said recited acts into effectual execution, be it enacted ..., That from and after the said twentieth day of November, one thousand seven hundred and sixty seven, such writs of assistance, to authorize and impower the officers of his Majesty's customs to enter and go into any house, warehouse, shop, cellar, or other place, in the British colonies or plantations in America, to search for and seize prohibited and uncustomed goods, in the manner directed by the said recited acts, shall and may be granted by the said superior or supreme court of justice having jurisdiction within such colony or plantation respectively... |
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Unspeakable grief and horror
...and the circus of deception killing continues...
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