1883 – DEATH OF PETER COOPER, US INDUSTRIALIST, PHILANTHROPIST (FOUNDED COOPER UNION) AND GREENBACK CANDIDATE FOR PRESIDENT
The substitution of greenbacks for National bank notes will make a uniform currency of money A greenback legal tender is to the full as much real money as a gold legal tender the only difference being that as many nations make gold a legal tender there is more demand for it than for paper legal tenders which have the sovereign stamp of only one Government. The substitution of greenbacks for National bank notes would have the bounty now paid to banks which being invested as a sinking fund would in less than thirty years pay off the whole debt of the country.
1764 – BRITISH PARLIAMENT PASSES CURRENCY ACT PROHIBITING COLONIES FROM PRINTING THEIR OWN MONEY
As early as 1723, the colony of Pennsylvania showed that it was possible for money to be issued by the government in the place of taxes without causing inflation. Money was printed and circulated there and elsewhere. No taxes needed to be collected in PA from 1723 to the 1750’s as a result. The Bank of England pressured the British Parliament to pass the Currency Act. Benjamin Franklin believed that passage of the Act caused poverty and triggered the Revolutionary War.
1816 – CHARTER APPROVED FOR INCORPORATING THE SECOND NATIONAL BANK OF THE UNITED STATES
As with the earlier Bank of the United States, the Second National Bank of the United States was private with many of the largest investors foreigners and those representing great wealth. Congress chartered (licensed) the bank for 20 years. It’s worth remembering that corporate charters are democratic tools once used by sovereign people (that would be We the People) to control and define corporate actions. As a result of bank practices geared to serving the interests of banks/bankers, (including limiting the issuance of money into the economy – which triggered economic stagnation) President Jackson pledged that the bank would not be issued a new charter. Without a charter – which provides those forming corporations certain legal protections (then and now) – corporations cannot exist.
SPECIAL ANNOUNCEMENT — FOR THOSE WHO LIVE IN NORTHEAST OHIO
APRIL 11 (Monday): Workshop on Public Forum on Democratizing our Money System featuring Stephen Zarlenga, Director, American Monetary Institute, 7 PM, Peace House, 10916 Magnolia Ave., University Circle, Cleveland. Zarlenga will discuss how the public can regain control of our money system.
Our money system is run by financial institutions, not We the People. The vast majority of money in our society is created as debt (via loans) by banks and other financial institutions that must be repaid with interest when it could be created debt- and interest-free by the government as stipulated in the Constitution. A federal bill introduced by Rep. Dennis Kucinich would “democratize” our money system and in the process reduce US debt and create jobs (re)building our nation’s infrastructure. Interest- and debt-free money called “Greenbacks” was created during the Lincoln administration in the 1860’s. It’s time to create a democratic money system again.
Zarlenga will discuss the status of the Kucinich bill in the new Congress and what we can do to help raise awareness about it.
FREE and Open to the Public
Event flyer at http://www.afsc.net/PDFFiles/ZarlengaFlyer.pdf
Text of Kucinich bill in last Congress: http://www.monetary.org/hr6550bill.pdf
SPONSORED BY THE AMERICAN FRIENDS SERVICE COMMITTEE AND CLEVELAND COMMITTEE ON CORPORATONS, LAW & DEMOCRACY
More information, 330-928-2301, email@example.com
Why this calendar? Many people have questions about the root causes of our economic problems. Some questions involve money, banks and debt. How is money created? Why do banks control its quantity? How has the money system been used to liberate (not often) and oppress (most often) us? And how can the money system be “democratized” to rebuild our economy and society, create jobs and reduce debt?
Our goal is to inform, intrigue and inspire through bite size weekly postings listing important events and quotes from prominent individuals (both past and present) on money, banking and how the money system can help people and the planet. We hope the sharing of bits of buried history will illuminate monetary and banking issues and empower you with others to create real economic and political justice.
This calendar is a project of the Northeast Ohio American Friends Service Committee. Adele Looney, Phyllis Titus, Donna Schall, Leah Davis, Alice Francini and Greg Coleridge helped in its development.
Please forward this to others and encourage them to subscribe. To subscribe/unsubscribe or to comment on any entry, contact firstname.lastname@example.org For more information, visit http://www.afsc.net/economiccrisis.html