v3 Chapter 384： Millikin's New Monetary Policy
In the autumn of 1859, the famous French banker Solomon Rothschild (the son of James Rothschild, who was at the helm of the first European consortium), came to our Millikin from Paris as a tourist. He looked ordinary, but What no one knows, the heir to the first European consortium is actually the general coordinator of all plans.
He ran north and south in Millikin, widely contacted local political and financial dignitaries, and constantly fed back the information he had collected to Nathaniel Rothschild, the first heir to Rothschild in London.
Solomon Rothschild publicly stated in his talks with local people that he would strongly support the South in terms of finance and that he would do his best to help the independent South gain the recognition of European powers.
The agent of the international banker in the north was August Belmonte, a Jewish banker known as the king of Fifth Avenue in New York. "
As for the person mentioned by Charles Eliot, William IV knew that August Belmonte was the agent of the Rothschild family bank in Frankfurt and an in-law of the family.
"August began his career as a banker at the age of 15 in 1829. He first worked for the Rothschild Bank in Frankfurt, and soon showed outstanding financial talent. In 1832, he was promoted to the Bank of Naples. After working in a bank, honing his experience in the international financial industry and becoming acquainted with German, English, French, Italian and Dutch, he was sent to New York across the Atlantic in 1837. Became a leading figure in the New York financial world.
He was valued by the then Dutch-American President Martin Van Buren, who had just successfully run for vice president, and was appointed as a financial advisor together with the Randy family Randy Bush.
In 1861, the British Empire represented by Augustus and the Rothschild Bank of Frankfurt expressed their willingness to financially support Lincoln in the north.
Rothschild, though, invested more in the South.
In order to increase the military pressure on the Lincoln government in the north, at the end of 1861, the British Empire sent an additional 8,000 troops to Canada, ready to respond to the Confederate's Confederate army's attack and threaten the Lincoln government from the northern border.
In 1862, the United Kingdom, France and Spain landed at the port of Mexico, and completed the assembly in the border area of the Confederate States of the Union of the United States of America.
In 1863, the French Empire under the order of Napoleon III, the French Empire general Jeremy added 30,000 troops and occupied Mexico City.
In the early days of the war, the southern military offensive was victorious, and the British and French coalition forces were surrounded by powerful enemies. The Lincoln government was in great trouble. The bankers calculated that the treasury of the Lincoln government was empty at this time. will be unsustainable.
Since the end of the war with the British Empire in 1812, the revenue of the Commonwealth of Millikin has been in deficit year after year. Even before Lincoln came to power, the budget deficit of the Commonwealth of Millikin was sold to the bank in the form of bonds, and then the bank monopolized the Rothschild of the British Empire. The Bank of Germany and Barings, the United States of America needs to pay high interest for this, and the accumulation of debts for many years has made the government of Millikin difficult.
The bankers proposed many financing plans and conditions to President Lincoln. When our great president heard that the interest demanded by the bankers was as high as 20% to 30%, he was stunned. President Lincoln pointed to Letting these bankers leave at the door was a ruthless move to bring the government of the United States of America into bankruptcy, and President Lincoln knew at the time that the United States of America would never be able to repay this astronomical debt.
Without money, there is no way to go to war, and borrowing money from international bankers is undoubtedly holding a noose around his neck. Lincoln struggles to find a solution. At this time, his old friends in New York, the Randy family of New York's first consortium. Randy Bleish, who was at the helm, gave Lincoln an idea - why didn't the United States of America issue its own currency?
"Eternal God Emperor"
"Let Congress pass a bill authorizing the Treasury Department to issue fully legal money to pay soldiers and then to win the war we are facing."
But President Lincoln asked if the people of Millikin would accept this currency, and Randy Bush said, "Everyone will have no choice on this issue, as long as you make this new currency fully functional, and the government gives them full support. , they will be as versatile as real money, because the constitution grants the emblem Air France and the power to set the currency'
After President Lincoln listened to this suggestion, he was overjoyed and immediately appointed Randy Bleish as his full-time financial advisor to plan the matter. "
President Charles Elliott said in amazement: "This groundbreaking method breaks the convention that the federal government of Millikin must borrow money from private banks and pay high interest rates. This new currency uses a green picture to distinguish it from other currencies. , known as green coin, the uniqueness of this new currency is that it has no monetary metals such as gold and silver as collateral, and provides only 5% interest in 20 years. That is to say, from 1863 until In 1882, the interest was only 5%.
During the Civil War, due to the issuance of new currency, the Lincoln government finally overcame the serious withdrawal of fiat currency at the beginning of the war, greatly and efficiently mobilized various resources in the north of the Commonwealth of Millikin, and finally won the victory for us, although the south was still independent. , but we have resisted the planned invasion of the European countries, the victory is indeed ours, and finally won the current solid economic foundation.
At present, because this low-cost currency has become the reserve currency of the Bank of the United States of America in the north, the bank letter-cargo of the United States of America has been greatly expanded, and the military industry, railway construction, and agricultural and industrial production and commercial trade have been greatly expanded. financial support.
Therefore, at that time Randy Brush became one of the biggest heroes of the United States of America and the most influential figure in the people of the United States of America at present. "
Seeing this, William IV showed a smug smile.
"The discovery of the local gold in Millikin since 1848 has made Millikin's finance gradually get rid of the extremely unfavorable situation of being completely dependent on the control of European bankers. It is also because of the large amount of high-quality currency as the basis of confidence that Lincoln's new currency can be widely used. Accepted by the people, it laid a solid financial foundation for winning the Civil War, and even more astonishingly, the new coin issued by Lincoln did not cause severe inflation similar to that of the War of Independence, from the outbreak of the Civil War in 1861 to last year in 1867 At the end of the 2000s, the data in the hands of William IV showed that this and the price index of the Northern Commonwealth of America were only slightly more than double the modest price of the 7-years' war.
Considering the scale and destructiveness of the war, and in comparison to other wars of the same scale in the world, this is a financial miracle.
William IV also noticed that, on the contrary, the South also adopted a banknote circulation method, but the effect was officially worlds apart. The price index of the Confederate States in the same period to the end of the war actually tripled.
Throughout the Civil War, the Lincoln government issued a total of $500 million in new currency. This new currency NG mechanism worked so well that the Lincoln government seriously considered the long-term issuance and legalization of this debt-free currency. One point deeply stings the fundamental interests of international finance-oligarchs.
If all governments don't have to borrow money from banks but brazenly issue their own currency, the bankers' monopoly on currency issuance will no longer exist. Wouldn't the banks be drinking the northwest wind?
William IV especially remembered that it was no wonder that after hearing the news, The Times of London, representing the British Empire Bankers, issued a statement warning: If this disgusting new fiscal policy originated in the Commonwealth of Millikin, it was called For the Lincoln Green Coin to be perpetuated, then the government can issue its own currency at no cost, it will be able to pay all debts and no more debts, it will obtain the necessary currency to develop business, it will become unprecedented in the world The prosperous country of the world, the best minds and all the wealth of the world will flow to North America This country must be destroyed or he will destroy every monarchy in the world.
The British government and the International Banking Association of New York, which is owned by the Rothschild family, expressed their revenge angrily, and on December 28, 1861, they announced that they would stop paying financial currency to the Lincoln government. Some international banks in New York also organized gold depositors. Withdrawing gold and announcing the withdrawal of a commitment to buy Millikin government bonds with gold,
Banks from all over the Commonwealth of America responded, and they went to Washington to propose a workaround to President Lincoln and his adviser Randy Bush, suggesting that the old practice of selling high-yield bonds to European bankers should still be followed. Depositing Millikin's gold in private banks as a reserve for the issuance of credit, the bankers made a fortune, and Millikin levied taxes on the industrial sector and the people to support the war.
However, President Lincoln, of course, firmly rejected this completely unreasonable request of the bankers, and his policy was so popular that the people of the United States of America eagerly purchased all the bonds and used them as cash according to the law.
The bankers will make one plan and one plan. They found that the bill issued by Congress for the issuance of Lincoln New Currency did not mention whether the payment of interest on the national debt was made of gold, so they reached a compromise with Congress; that is, to allow Lincoln New Currency National debt, but the interest part must be paid in the form of gold. Gold payment, this is the first step of a perfect plan, first of all, the domestic gold of Millikin is linked to the new Lincoln coin, and the European bankers of the sterling system that had the world currency reserve at that time of Shengwei had far more than Milliken's. The federal gold reserve currency, the compromise of the Millikin bankers and Congress, enabled the international financiers to take advantage of the control over the total import and export of Millikin's gold, and indirectly achieved the effect of cao inflating the value of the Millikin's currency.
He ran north and south in Millikin, widely contacted local political and financial dignitaries, and constantly fed back the information he had collected to Nathaniel Rothschild, the first heir to Rothschild in London.
Solomon Rothschild publicly stated in his talks with local people that he would strongly support the South in terms of finance and that he would do his best to help the independent South gain the recognition of European powers.
The agent of the international banker in the north was August Belmonte, a Jewish banker known as the king of Fifth Avenue in New York. "
As for the person mentioned by Charles Eliot, William IV knew that August Belmonte was the agent of the Rothschild family bank in Frankfurt and an in-law of the family.
"August began his career as a banker at the age of 15 in 1829. He first worked for the Rothschild Bank in Frankfurt, and soon showed outstanding financial talent. In 1832, he was promoted to the Bank of Naples. After working in a bank, honing his experience in the international financial industry and becoming acquainted with German, English, French, Italian and Dutch, he was sent to New York across the Atlantic in 1837. Became a leading figure in the New York financial world.
He was valued by the then Dutch-American President Martin Van Buren, who had just successfully run for vice president, and was appointed as a financial advisor together with the Randy family Randy Bush.
In 1861, the British Empire represented by Augustus and the Rothschild Bank of Frankfurt expressed their willingness to financially support Lincoln in the north.
Rothschild, though, invested more in the South.
In order to increase the military pressure on the Lincoln government in the north, at the end of 1861, the British Empire sent an additional 8,000 troops to Canada, ready to respond to the Confederate's Confederate army's attack and threaten the Lincoln government from the northern border.
In 1862, the United Kingdom, France and Spain landed at the port of Mexico, and completed the assembly in the border area of the Confederate States of the Union of the United States of America.
In 1863, the French Empire under the order of Napoleon III, the French Empire general Jeremy added 30,000 troops and occupied Mexico City.
In the early days of the war, the southern military offensive was victorious, and the British and French coalition forces were surrounded by powerful enemies. The Lincoln government was in great trouble. The bankers calculated that the treasury of the Lincoln government was empty at this time. will be unsustainable.
Since the end of the war with the British Empire in 1812, the revenue of the Commonwealth of Millikin has been in deficit year after year. Even before Lincoln came to power, the budget deficit of the Commonwealth of Millikin was sold to the bank in the form of bonds, and then the bank monopolized the Rothschild of the British Empire. The Bank of Germany and Barings, the United States of America needs to pay high interest for this, and the accumulation of debts for many years has made the government of Millikin difficult.
The bankers proposed many financing plans and conditions to President Lincoln. When our great president heard that the interest demanded by the bankers was as high as 20% to 30%, he was stunned. President Lincoln pointed to Letting these bankers leave at the door was a ruthless move to bring the government of the United States of America into bankruptcy, and President Lincoln knew at the time that the United States of America would never be able to repay this astronomical debt.
Without money, there is no way to go to war, and borrowing money from international bankers is undoubtedly holding a noose around his neck. Lincoln struggles to find a solution. At this time, his old friends in New York, the Randy family of New York's first consortium. Randy Bleish, who was at the helm, gave Lincoln an idea - why didn't the United States of America issue its own currency?
"Eternal God Emperor"
"Let Congress pass a bill authorizing the Treasury Department to issue fully legal money to pay soldiers and then to win the war we are facing."
But President Lincoln asked if the people of Millikin would accept this currency, and Randy Bush said, "Everyone will have no choice on this issue, as long as you make this new currency fully functional, and the government gives them full support. , they will be as versatile as real money, because the constitution grants the emblem Air France and the power to set the currency'
After President Lincoln listened to this suggestion, he was overjoyed and immediately appointed Randy Bleish as his full-time financial advisor to plan the matter. "
President Charles Elliott said in amazement: "This groundbreaking method breaks the convention that the federal government of Millikin must borrow money from private banks and pay high interest rates. This new currency uses a green picture to distinguish it from other currencies. , known as green coin, the uniqueness of this new currency is that it has no monetary metals such as gold and silver as collateral, and provides only 5% interest in 20 years. That is to say, from 1863 until In 1882, the interest was only 5%.
During the Civil War, due to the issuance of new currency, the Lincoln government finally overcame the serious withdrawal of fiat currency at the beginning of the war, greatly and efficiently mobilized various resources in the north of the Commonwealth of Millikin, and finally won the victory for us, although the south was still independent. , but we have resisted the planned invasion of the European countries, the victory is indeed ours, and finally won the current solid economic foundation.
At present, because this low-cost currency has become the reserve currency of the Bank of the United States of America in the north, the bank letter-cargo of the United States of America has been greatly expanded, and the military industry, railway construction, and agricultural and industrial production and commercial trade have been greatly expanded. financial support.
Therefore, at that time Randy Brush became one of the biggest heroes of the United States of America and the most influential figure in the people of the United States of America at present. "
Seeing this, William IV showed a smug smile.
"The discovery of the local gold in Millikin since 1848 has made Millikin's finance gradually get rid of the extremely unfavorable situation of being completely dependent on the control of European bankers. It is also because of the large amount of high-quality currency as the basis of confidence that Lincoln's new currency can be widely used. Accepted by the people, it laid a solid financial foundation for winning the Civil War, and even more astonishingly, the new coin issued by Lincoln did not cause severe inflation similar to that of the War of Independence, from the outbreak of the Civil War in 1861 to last year in 1867 At the end of the 2000s, the data in the hands of William IV showed that this and the price index of the Northern Commonwealth of America were only slightly more than double the modest price of the 7-years' war.
Considering the scale and destructiveness of the war, and in comparison to other wars of the same scale in the world, this is a financial miracle.
William IV also noticed that, on the contrary, the South also adopted a banknote circulation method, but the effect was officially worlds apart. The price index of the Confederate States in the same period to the end of the war actually tripled.
Throughout the Civil War, the Lincoln government issued a total of $500 million in new currency. This new currency NG mechanism worked so well that the Lincoln government seriously considered the long-term issuance and legalization of this debt-free currency. One point deeply stings the fundamental interests of international finance-oligarchs.
If all governments don't have to borrow money from banks but brazenly issue their own currency, the bankers' monopoly on currency issuance will no longer exist. Wouldn't the banks be drinking the northwest wind?
William IV especially remembered that it was no wonder that after hearing the news, The Times of London, representing the British Empire Bankers, issued a statement warning: If this disgusting new fiscal policy originated in the Commonwealth of Millikin, it was called For the Lincoln Green Coin to be perpetuated, then the government can issue its own currency at no cost, it will be able to pay all debts and no more debts, it will obtain the necessary currency to develop business, it will become unprecedented in the world The prosperous country of the world, the best minds and all the wealth of the world will flow to North America This country must be destroyed or he will destroy every monarchy in the world.
The British government and the International Banking Association of New York, which is owned by the Rothschild family, expressed their revenge angrily, and on December 28, 1861, they announced that they would stop paying financial currency to the Lincoln government. Some international banks in New York also organized gold depositors. Withdrawing gold and announcing the withdrawal of a commitment to buy Millikin government bonds with gold,
Banks from all over the Commonwealth of America responded, and they went to Washington to propose a workaround to President Lincoln and his adviser Randy Bush, suggesting that the old practice of selling high-yield bonds to European bankers should still be followed. Depositing Millikin's gold in private banks as a reserve for the issuance of credit, the bankers made a fortune, and Millikin levied taxes on the industrial sector and the people to support the war.
However, President Lincoln, of course, firmly rejected this completely unreasonable request of the bankers, and his policy was so popular that the people of the United States of America eagerly purchased all the bonds and used them as cash according to the law.
The bankers will make one plan and one plan. They found that the bill issued by Congress for the issuance of Lincoln New Currency did not mention whether the payment of interest on the national debt was made of gold, so they reached a compromise with Congress; that is, to allow Lincoln New Currency National debt, but the interest part must be paid in the form of gold. Gold payment, this is the first step of a perfect plan, first of all, the domestic gold of Millikin is linked to the new Lincoln coin, and the European bankers of the sterling system that had the world currency reserve at that time of Shengwei had far more than Milliken's. The federal gold reserve currency, the compromise of the Millikin bankers and Congress, enabled the international financiers to take advantage of the control over the total import and export of Millikin's gold, and indirectly achieved the effect of cao inflating the value of the Millikin's currency.
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