MONETARY HISTORY CALENDAR July 13 – 19

lincolngback
JULY 13

1832 – CONGRESS FAILS TO OVERRIDE PRESIDENT JACKSON’S VETO TO RENEW THE CHARTER OF THE SECOND NATIONAL BANK OF THE UNITED STATES
In his veto message to renew the misnamed “national bank” (it was actually a private bank controlled/owned by stockholders, a majority of whom were foreigners), Jackson stated: “Controlling our currency, receiving our public monies, and holding thousands of our citizens in dependence…would be more formidable and dangerous than a naval and military power of the enemy.”

1956 – QUOTE OF J.R.R TOLKIEN, AUTHOR (THE HOBBIT AND LORD OF THE RINGS) AND UNIVERSITY OF OXFORD PROFESSOR, IN CONTOUR MAGAZINE
“The main mark of modern governments is that we do not know who governs, de facto any more than de jure. We see the politician and not his backer; still less the backer of the backer; or what is most important of all, the banker of the backer. Enthroned above all, in a manner without parallel in all past, is the veiled prophet of finance, swaying all men living by a sort of magic, and delivering oracles in a language not understood of the people.”

2013 – PUBLICATION OF ARTICLE, “EVERYONE KNOWS THAT THE FEDERAL RESERVE BANKS ARE PRIVATE…EXCEPT THE AMERICAN PEOPLE”
Most Americans Still Don’t Know that Federal Reserve Banks Are Private Corporations
http://www.washingtonsblog.com/2013/07/everyone-knows-that-the-federal-reserve-banks-are-private-except-the-american-people.html

JULY 14

1833 – DEATH OF WILLIAM M. GOUGE, ADVISOR TO PRESIDENT ANDREW JACKSON, EDITOR OF THE PHILADELPHIA GAZETTE, PUBLISHER OF THE “HISTORY OF THE AMERICAN BANKING SYSTEM” AND A “FISCAL HISTORY OF TEXAS”
“The large extent of bank influence is not easily seen.  We seldom see an identified bank or a money corporation candidate running for office; but when questions arise which affect them, the banks have agents at work, whose operations are the more effective because they are unseen.”

JULY 15

2012 – PUBLICATION OF ARTILE, “ASSET HOLES: US ‘LEADERSHIP IN MONEY, CREDIT, CAFR SURPLUS TRILLIONS” BY CARL HERMAN
“The great news is that economic solutions are obvious:
Monetary reform: the US doesn’t have a money supply, but its Orwellian opposite of a “debt supply.” Banks and the Fed create what we use for money as debts, then charge the 99% interest for its use. Monetary reform has government transparency (yes, unimaginable without total Occupy victory) to create debt-free money for direct payment of public goods and services. This has game-changing triple benefits of full-employment as government becomes the employer of last resort, optimal infrastructure, and falling prices because infrastructure contribute more to productivity than cost.”

JULY 16

1979 – FEDERAL RESERVE BANK OF SAN FRANCISCO AD FOR COMPUTER PROGRAMMERS IN “COMPUTERWORLD MAGAZINE”
“Some people still think we’re a branch of the Government. We’re not.”
[Note: You can’t get any clearer or more succinct than this!]

JULY 17

1780 – BANK OF PENNSYLVANIA ESTABLISHED
Pennsylvania first introduces public banking in the colonies. The state owned the bank and issued its own paper scrip, which it lent to farmers.

1862 – PASSAGE OF POSTAGE CURRENCY ACT
The act authorized the issuance of 5, 10, 25, and 50-cent notes – which were needed to substitute for gold, silver and copper coins, which were hoarded. These fractional currency US debt-free notes, sold in perforated sheets like stamps, were redeemable by the US Post Offices at face value in postage stamps until 1876.

JULY 18

BIRTH OF STEPHEN ZARLENGA, DIRECTOR, AMERICAN MONETARY INSTITUTE, AUTHOR OF “THE LOST SCIENCE OF MONEY”
“We propose that ultimately the monetary power should be constituted as a fourth branch of government, like the executive, judicial and legislative branches.  We have concluded that the nature of man and society requires four, not three, branches of government.” “True monetary reform must take a better path. AMI’s research indicates that money, properly defined, is a legal institution of society and government; not a commodity or economic good of the markets; that if money is a legal institution, then the control of monetary systems can be rightfully viewed as a proper function of government; much as the law courts are.”  “When society loses control over its money system, it loses any control it might have had over its destiny.”

JULY 19

2013 – PUBLISHED ARTICLE, THE PUBLIC VS. PRIVATE DIALECTIC, OR: MONEY AS PART OF THE COMMONS” BY ANTHONY MIGCHELS
“Surely it’s a no-brainer to say that the Government at this stage must urgently retake the monopoly on currency from the Money Power. The US Government pays 450 billion per year in interest payments to international banks and other Governments to service its National Debt. With the BIS now openly calling for higher interest rates it will quickly get much worse. Government money allows for a reasonable financing of the State and is the very least monetary reform should aim for.

But to say something is better is not to say something is ideal. And Government money can be designed in good and bad ways. The good ways decentralize power, the bad ways centralize power…”

———————–

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, Deb Jose 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, email monetarycalendar@yahoo.com

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