In the North, the sale of government bonds was the one measure for raising funds that seemed to work. Even that, however, with the lure of compounded interest to be paid in gold at a future date, failed to raise more than about half the needed amount. So the Union faced a real dilemma. The only options remaining were (1) terminate the war or (2) print fiat money. For Lincoln and the Republicans who controlled Congress, the choice was never seriously in doubt.
G. Edward GriffinThroughout the first half of the nineteenth century, the (Rothschild) brothers conducted important transactions on behalf of the governments of England, France, Prussia, Austria, Belgium, Spain, Naples, Portugal, Brazil, various German states and smaller countries. They were the personal bankers of many of the crowned heads of Europe. They made large investments, through agents, in markets as distant as the United States, India, Cuba and Australia.
G. Edward GriffinDuring the fiscal year ending in 1861, expenses of the federal government had been $67 million. After the first year of armed conflict they were $475 million and, by 1865, had risen to one billion, three-hundred million dollars. On the income side of the ledger, taxes covered only about eleven per cent of that figure. By the end of the war, the deficit had risen to $2.61 billion. That money had to come from somewhere.
G. Edward Griffin...One of the side effects of (surgery, anesthesia,) X-ray..., and chemotherapy, is the suppression...of the patient's immunological defenses...A simple cold often leads to the death from pneumonia - and ('pneumonia') is what appears on the death certificate, not cancer.
G. Edward GriffinThere is much evidence indicating that the Capitalistic and Communist conspiracies BOTH are directed by a single master conspiracy which may have continuity with the Order of the Illuminati which was founded 200 years ago.
G. Edward Griffin