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 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 GriffinThe reason it is difficult is that we have been conditioned to laugh at conspiracy theories, and few people will risk public ridicule by advocating them. On the other hand, to endorse the accidental view is absurd. Almost all of history is an unbroken trail of one conspiracy after another. Conspiracies are the norm, not the exception.
G. Edward GriffinThe Civil War was started over economic issues, not slavery. The War was not popular in the North until the issue of slavery was added at a later time to turn it into a moral crusade.
G. Edward GriffinIn truth, money is not created until the instant it is borrowed. It is the act of borrowing which causes it to spring into existence. And, incidentally, it is the act of paying off the debt that causes it to vanish.
G. Edward Griffin