The US Debt Clock Secret Window – Oct 30, 2023
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Before you start reading this analysis, I must admit that when I started, I did NOT expect it to open so many cans of worms.
1. The HISTORICAL Background
- Abraham Lincoln was the 16th POTUS (1861-1865)
- His presidency was known for great internal conflicts, and yet, he was able to preserve the Union
- He established the First U.S. National Banking System and introduced the first single currency for the nation
- He issued the Greenbacks, which were the Government-issued paper currency to finance the Civil War
Notes on the GREENBACKS:
1. Lincoln issued the Greenbacks as a means to finance the Civil War without dramatically increasing the national debt through loans. The Legal Tender Act of 1862, which authorized the issuance of Greenbacks was signed into law by Lincoln himself. This provided the government with the necessary funds to continue the war, but also led to significant debates about monetary policy
2. It’s amazing that in my Analysis of “The Wonderful Wizard of Oz” Window, I talked specifically about the Greenbacks, and if you didn’t read it yet, have a look: https://amg-news.com/the-us-debt-clock-secret-window-part-1-and-2-of-the-analysis-oct-28-2023/
I don’t know if it was me FORETELLING the Future Window, or was it a hit of a bullseye in the dark, or DO I?
Here is what I said about the Greenbacks:
So, you know what Greenback is?
Do you know why the Dollar is Green?
The term “Greenback” refers to the paper currency issued by the U.S. government during the Civil War These notes were called “Greenbacks” because of their distinct green-colored backs Introduced in 1862 to finance the war, greenbacks were initially in demand because they were considered legal tender for almost all public and private debts, but they were NOT BACKED BY GOLD OR SILVER, and as a result, their VALUE FLUCTUATED SIGNIFICANTLY during and after the Civil War based on the government’s credit and the perception of the success or failure in the war
Over time, the term “greenback” became a descriptive term for US paper money in general. The name stuck, in part, due to the continued use of green ink in printing U.S. banknotes, making the association between the color green and US paper money permanent
Personally, Lincoln’s masterpiece was the Emancipation Proclamation (1863), when he declared freedom of all slaves throughout the Confederate, that was also linked to his Gettysburg Address (1863), emphasizing human EQUALITY and the importance of NATIONAL UNITY.
He was assassinated on April 14, 1865, by John Wilkes Booth and died one day after.
So, remember few things from this brief background:
1. Lincoln established the First US Banking System and Single Currency for the nation.
2. Issued the Greenbacks to fund the war.
“President Abraham Lincoln – 1864”
This seems to place the context of this window during the year 1864, which was a pivotal year during the American Civil War and American History
By 1864, the Civil War was entering its final phase, and Lincoln was deeply involved in navigating the nation through its most DIVISIVE PERIOD.
DOES THIS SUGGEST THAT WE ARE CURRENTLY IN SIMILAR TIMES, I ASK?
“The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity”
This quote is “attributed” to Lincoln; however, its authenticity is not confirmed. If you can guide me to the exact source or context of this quote in Lincoln’s writings or speeches, I’d be EXTREMELY THANKFUL. Having said that, the sentiment and ideas expressed in the quote do align with many of Lincoln’s views on economics and the power of money, particularly during the Civil War era when he dealt with vast economic challenges.
ATTENTION: The following message is for families…
This quote delves into Lincoln’s belief in the governmental role in currency control. By centralizing this power, he suggests it could potentially prevent exploitation by external financial entities, particularly private banks charging high interest rates. By doing so, he suggests that this would benefit taxpayers and reduce the overarching power of money.
- The Legal Tender Act of 1862 allowed the federal government to issue its own paper money (Greenbacks) to finance the Civil War. This move directly correlates with the quote’s emphasis on the government’s role in currency issuance.
- By issuing Greenbacks, the government could effectively finance the war without accruing significant debt through loans that bore high-interest rates from foreign or domestic sources.
- This approach meant that the government could minimize the influence and control of domestic and foreign banks over the nation’s finances and, by extension, its politics and policies.
THIS IS EXACTLY THE EXTREME OPPOSITE OF WHAT THE FED WAS ESTABLISHED TO DO; HAND THE POWER OF ISSUING MONEY TO A PRIVATE ENTITY, AND IN DOING SO, ENSLAVING THE NATION AND ENSURING THE END OF THE UNION
“The money power preys upon the nations in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy”
This quote also is “attributed” to Lincoln, but again, its authenticity is not 100% confirmed
Lincoln warned of the potential dangers and influences of financial institutions or entities. The tone underscores a cautionary note about unchecked monetary power
- Lincoln faced considerable economic challenges during his presidency, with inflation rates soaring and the Confederacy printing its own money, leading to fiscal instability.
- Lincoln’s establishment of the First U.S. National Banking System and the issuance of a single national currency aimed to counteract all financial and economic vulnerabilities, bringing stability and consistency to the nation’s monetary policy and reducing the potential for financial institutions to wield undue influence
DO YOU FEEL WE ARE BACK IN TIME?
I deliberately repeated some points to let you be present in the moment in time I was in, to understand my thought process. Not a great idea, but I wanted to let have a firsthand account on what came to mind while writing this.
Also, this analysis when completed, together with the Analysis on the Wonderful Wizard of Oz, will give you more context to understand the Groundhog Day and the times we are in
NOW, “I’M LATE! I’M LATE! FOR A VERY IMPORTANT DATE!”