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Interest free currency

We all know where veggies come from; but money?

We are in 1750. The United States of America does not yet exist; it is the 13 Colonies of the American continent, forming “New England”, a possession of the motherland, England. Benjamin Franklin wrote about the population of that time: “Impossible to find a happier and more prosperous population on all the surface of the globe.” Going over to England to represent the interests of the Colonies, Franklin was asked how he accounted for the prosperous conditions prevailing in the Colonies, while poverty was rife in the motherland:

“That is simple,” Franklin replied. “In the Colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to make the products pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one.”

In 1861, when the resources of the country seemed exhausted, when the last dollar had been expended, when it was found that the whole volume of the national currency was inadequate to meet current expenses, E.G. Spaulding and Erastus Corning, of New York, and Samuel Hooper, of Massachusetts, were appointed a sub-committee under the House Committee of Ways and Means to devise some plan of prosecuting the war, perpetuating the Union and paying current expenses. The country was rich in patriotism, men and munitions of war. All that was needed was money, or a medium of exchange, to move the armies and purchase supplies. Under the urgent pressure of necessity the best and ablest thought and talent of the nation were brought into requisition. A happy thought conceived the idea of applying the “nation’s wealth to the nation’s needs.”

The history of bank currency had demonstrated the fact that a medium of exchange could consist of certificates of the nation’s indebtedness as well as that of individuals and corporations. And further, that as the Constitution authorized Congress to coin money and regulate the value thereof without specifying the material of which it should be composed or represented upon, a paper legal-tender pledged by the Government to be receivable for all debts and dues both private and public, and in sufficient quantities to serve the country’s needs in this hour of its trial, was within the providence of its legislative authority. This idea was at last embodied in a bill known as House bill No. 187, and reported to Congress on the 7th of January, 1862.

This is how the “Greenback” was born under Abraham Lincoln and gave him the opportunity to win the war. It was mention that this era was “an era of prosperity like never knowed before in the United States”.

On June 4th, 1963, President Kennedy signed a presidential document, called Executive Order 11110, which further amended Executive Order 10289 of September 19th, 1951. This gave Kennedy, as President of the United States, legal clearance to create his own money to run the country, money that would belong to the people, an Interest and debt-free money. He had printed United States Notes, completely ignoring the Federal Reserve Notes from the private banks of the Federal Reserve.

Our records show that Kennedy issued $4,292,893,825 of cash money.

On the other side of the Atlantic, on an island call Guernsey, they issued their own interest and debt-free money since 1816 . There are almost no taxes and a very low inflation.

These examples show that our leaders can and must issue the money and credit for our nation without debt and interest for the good of everyone. Unfortunately, by manipulation, threat or corruption, they gave away this power to private banks, economic crises as a result.

It is to be noted that local currency systems have a long story; the Wir from Switzerland (http://wir.ch), founded in 1934 is the best example because it is still going.

Did you ever ask yourself why peoples put their money in Switzerland banks? It is not because of its “confidentiality” but because there is almost no inflation. Why? Because the interest rate is very low. And why is that? The Wir is recognized almost everywhere in Switzerland and private banks cannot raise the interest rate as they wish or the people would all go towards local currency.  

This is where the power of a well informed population on the monetary question lies.  

Since our leaders, for some reason, doesn't take back, for the wealth of its population, the power to issue our own money, us, citizens, true decision-maker of our nation, have determined to emit our own currency without debt and interest free. Being informed about the economic situation is,the goal not being to confront authority, but, to help our leaders make good decisions.

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