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Gold and Silver War 丨 Bloody War 丨 Fengyun World War II 丨 The Cold War between the United States and the Soviet Union 丨 Overdraft World 丨 Subprime Mortgage Crisis 丨 End
First, the gold and silver war
6.
If it were only a few monotonous and rough lines to outline the historical context – then the "1873 Evil Law" could not be regarded as an evil law at all, so it seems that all those angers from the people should be regarded as a selfish and unreasonable quarrel.
However, as a scene full of human civilization, all the love and hate, all the deceitful drama, its content is complex and unimaginable.
To this day, there is still such a legend, which is still mentioned by many scholars:
Remember the National Bank Act of 1863?
In order to cope with the war situation, in order to win more green coin issuance rights from Congress, in the face of a strong banker force in Congress, the illustrious President Lincoln, after some thought, decided to make a major compromise with the other side. With the release of this law, bankers cleverly tied the country's debt to the national currency issued by its banks, and from then on, they sat back and relaxed as the country's parasite for generations.
But as a brilliant political leader, President Lincoln knew that, according to this logic, no matter how well the country's finances would fare in the future, it would never be able to pay off its debts in order to ensure the issuance of the currency. Because without bonds, there is no reserve of money. In the long run, this is bound to become an inescapable threat for all Americans.
A great leader can never let such absurdity go on endlessly.
In 1865, President Lincoln, who was trusted by the people, unsurprisingly, won the general election.
And as the war draws to a close, the compromises made to the bankers out of urgent necessity are less important at this moment.
A clearer decision was being conceived in his mind. For the sake of the future of the country, for the sake of his duty as a leader— he must wrestle with Parliament and turn the ridiculous National Bank Act into waste paper and throw it into a paper basket as soon as possible.
Yet, in the blink of an eye—only with the deafening sound of gunfire, with the roar of exhaustion suddenly echoing through the sky—on April 14, 1865, 5 days after the surrender of the Confederate army, and on the 41st day after the re-election of the illustrious president, an actor named John Wilkes Booth, who claimed to be sympathetic to the Southern regime, suddenly burst into the cramped box of President Lincoln's ford Theater in Washington.
In those enigmatic seconds, Mr. President's bodyguard happened to leave the box. The president in the box happened to be alone.
Then, "Bang—" only to hear the gunshots ring out and fall.
Everything happened at the moment of the electric flint.
With a glorious victory, with his unfinished mission, this great leader, rarely seen in American history, fell slowly, coldly, in a pool of his own bright blood...
Under the cloak of gentleness, the real history seems so terrible.
Just two years after President Lincoln's unfortunate murder, powerful bankers began their actions.
Without the political giants in front of us, everything has become much easier.
Assassinate Lincoln
The motivation to struggle requires a clear goal, to make money, and it is such a goal. The money earned can be used for consumption, and the act of consumption further drives production. Conversely, for a country that is in ruins, there is no income without money. Without income, there is no consumption. Without consumption, there is no production. Without production, there can be no economic recovery.
Everyone expects the motherland to become stronger.
Everyone believes that only the strength of the motherland can be exchanged for a better life.
However, the bankers who are rubbing their hands do not think so.
On April 12 of that year, under their operation, the U.S. Congress did the opposite, and while the country continued to issue more money, it absurdly passed a "tightening bill" to restrict the circulation of money.
The bankers all smiled.
In the bill, they tried to recall all the green coins circulating in society, exchange them for gold coins, and then kick them out of circulation completely.
As we all know, in the world of gold, bankers occupy absolute dominance. At this moment, if the green coin can be smoothly pulled out of this nail that is independent of its control, then the wealth of the whole country will be between its metacarpal bones.
At this moment, let's move the stitches of time back to where the hustle and bustle began!
Let's go back to that seemingly irrational and chaotic era. Let's revisit the Coin Act, known as the Evil Act of 1873.
In the financial circles of Europe, there was once a story that in the winter of 1872, a banker named Ernest Side came to the United States from England with a large amount of money on his back.
He had only one purpose in his trip—and that was to pay bribes.
Having money can make ghosts grind. With a great deal of wealth and extraordinary wisdom, he accomplished his mission.
He's a smart guy.
And he was the drafter of the Coin Act.
"I made a trip to the United States in the winter of 1872 to ensure the passage of the coin bill abolishing silver coins. I represent the interests of the directors of the Bank of England. By 1873, gold coins had become the only metal currency. ”
At this point in the story, all the seemingly simple situations have been explained in another way.
The power of the bankers extended from home to abroad, from representatives of the United States to partners in Europe – they were everywhere, and their influence was everywhere.
They resolutely prevent the inclusion of more and more silver, gradually out of their control, in the circulation of money, and they resolutely defend their own interests and maintain their powerful power to dominate the world financial system.
To this day, this legend of conspiracy still looms in some sources, but that old age is long gone, and the historical vein is covered with fallen leaves, real and illusory, and may no longer be proven.
However, as a kind of "conspiracy theory", the coherence of its logic and the rationality of its causes really have to feel creepy.
7.
Maybe that's history. Maybe that's the struggle. Under the suppression, the controversy of the past has become more and more blurred, and the sins of the past have been covered up and forgotten day by day. In the midst of controversy and defense, the days go by, and today, the natural limitations of the capitalist-led political system and its interest orientation have long been ignored by most people.
In 1873, when the bill known as the "Evil Law" was officially promulgated in the footsteps of the Deflation Act, the American society, which was in dire need of blood transfusion to increase its vitality, was subjected to a "great cut of blood" that was diametrically opposed to the actual needs. The green coin was recalled, and the silver coin was not used. There are fewer and fewer things that can be used as money, investment has been severely frustrated, consumption has been blocked, production has to shrink, and people's lives are like a thunderbolt on a sunny day. The whole of society was shrouded in anxiety — and it was in this anxiety that the years 1873-1879, as everyone had expected , were greeted by a six-year great recession.
On the one hand, the bankers are smug.
On the other hand, the unemployment rate once soared to 30%.
The joy of the interest groups stirs the anger of the entire population.
In the game of capital, the whole society has been brutally torn apart.
This is history, this is the struggle.
However, the suppression of money did not end, and in 1875, a "Restoration of Coin Payment Act" was passed in Congress. It was a bill designed to further combat green coins. It's a straightforward rule that state banks can issue their own money, but for every $100 issued, the Treasury Department will recover $80 of green coins. The green coins that were forced into the corner of the wall were about to disappear completely.
But just when the clever bankers are marveling at their ingenious plans and convinced that the wealth of this country has finally been pocketed, they are depressed, struggling, desperate... ... In all these negative emotions, a powerful counterforce is rapidly being nurtured.
Where there is oppression, there is resistance.
The instinct to survive is always able to create an unprecedented unity for people who demand the same interests.
In the face of the Great Recession, more and more people came together. In addition to the silver miners, the farmers who hate the banks, the emerging capitalists who have suffered a heavy blow... The classes, which seem far apart, at this moment, in the general direction of the common resistance against the bankers, form an invisible united front. So, the Silver Committee, the Green Coin Party... A number of non-governmental organizations have sprung up like mushrooms. "Civilization cannot happen without money." They shouted.
In order to defend the currency, they resolutely waved their fists.
Thus, in the field of political wrestling in the United States, a fierce struggle slowly began.
In the capitalist-dominated state system, behind the partisan struggle is the struggle for the consortiums — in the days when the Great Depression caused by the Deflation Act and the Coin Act swept through the country like a plague, in the midst of the condemnation of the "Evil Law of 1873", and as the figures of the Silver Committee and the Green Coin Party swept in, a force of opposition was quietly emerging in Congress.
The cheering people all believed that the hope of life was returning.
The complete liquidation of the evil bankers is about to begin.
Money, money, money — the fist that shatters this current absurd system will soon fall.
In 1878, the counterattack began.
This year, a "Brande Allison Act" was freshly released.
The bill stipulates that the Treasury Department should purchase silver at a minimum limit every month and mint $2 million to $4 million in silver coins. At the same time, the green coins that were recovered in the past have also joined hands with the footsteps of silver coins and have seen the light of day again.
As a second step back, given that the Brandard Allison Act did not satisfy the appetites of farmers and silver miners, the Sherman Silver Purchase Act was introduced strongly in 1890. The bill stipulates that the Treasury Department will mint 4.5 million ounces of silver into silver coins every month, and on this basis, issue treasury exchange vouchers for legal tender. Fiat holders can exchange gold or silver coins at any time – that is, the previous headaches of gold and silver barriers, the people's bitter monetary system, and thus, with the birth of such a bill, overnight, it was destroyed.
However, the pattern of history can never be simply outlined in that rough line—if a clearly visible dividing line can be maintained between right and wrong, between right and wrong, between good and evil—then the appeal against the "evil law of 1873" will end here. At the end of the story, the people have won the final victory, and the evil banker has been abandoned by Congress, and has since become a rat crossing the street, a wretched drowning dog- everything is like a fairy tale, monotonous, lively, and will finally settle at the end of the reunion.
However, right and wrong, right and wrong, good and evil – in our world, many times they are intertwined, entangled with each other, regardless of you or me, messing around, dazzling people, making the wisest people often unable to start.
In a letter from the American Bankers Association, they appealed to all members in a kingly tone, suggesting that they could share the same vendetta and "do everything in their power to support the major media, especially in agriculture and religion," and asking each other to speak out collectively against the green government coin that had overwhelmed them. At the same time, for those candidates who are unwilling to oppose green coins, "we must resolutely stop all funding" and force them to lose their previous seats in Congress.
The struggle is not over.
It's just getting started.
8.
Right and wrong, right and wrong, good and evil... In 1894, when all these messy memories were mixed together into the face of President Cleveland, a bitter smile of anxiety, a bowl of "porridge" that was difficult to swallow was finally boiled.
Becoming a qualified decision maker is never easy. Because in this deceitful history of human civilization, many times, justice is not the same as being right — but it is strange that a correct decision often becomes the key to continuing justice.
It was a paradox that seemed contradictory.
At this moment, however, this paradox lies right in front of Mr. President.
Gold, Silver, USD, Green Coins. Everything that was once treated as money is transformed back into money - the voice of the people is so simple and direct. It was under such a call that after the introduction of the Sherman Silver Purchase Act, the federal government at that time tried to use it as a weapon, as has happened in history, to pass a bill to forcibly circle the exchange relationship between gold and silver with a fixed price.
The people are convinced of such a decision. For this "turnaround battle", the relevant interests of the entire society have given a thumbs up. The interests of the people are paramount. From this point of view, the political ecology of "liberal democracy" in the United States is truly worthy of being a "beacon" of human civilization.
Unfortunately, history is composed of never such a simple and rough line.
The indifference of reality often freezes the romantic fantasy.
Heaven and earth are unkind, and all things are dogs. Divorced from the basic logic and laws of money, no matter how angry you are, how you shout, how you wave your fists and try to smash the shackles of evil - but no one can tear the black curtain above your head to pieces with her enthusiasm alone.
At that time, the amount of silver spread throughout the United States had already far exceeded that of gold, and worse, as mining continued, anyone could see it — and the gap would widen farther and farther. If you want to firmly tie the two to death, the chains of this bill are probably not strong enough.
That's not all the problem — besides, the federal government at the time had to deal with the provisions of the Austerity Act and the Coin Act that were still in force at the same time, and all the clauses were superimposed on each other, and finally presented an impossible task:
The Treasury must, at any time and under any circumstances, meet the requirements of the US dollar, green coins, and silver coins for gold.
But is this really feasible?
With the drastic monetary reforms of Europe, the main trading partner, the "gold standard" system has sprung up in every corner of the Western world, which dominates modern international trade.
Silver, more and more can not be spent.
Gold, on the other hand, is becoming less and less...
Right and wrong, right and wrong, good and evil, as well as the machinations of bankers, and the demands of society as a whole... Everything that seems to be opposites, at this moment, is intertwined with each other, and in a trance, people cannot distinguish between each other and cannot see you and me clearly.
True conspirators never simply create antagonism. With the penetration of bit by bit, they have already invaded the bone marrow of every person, every life, every production, and every consumption--and eventually become a parasite that makes the whole society resent, but helpless.
In 1893, the chaotic monetary system eventually led to the embarrassing result of a large number of green coins returning and the rapid loss of gold. To make matters worse, the continuous decline in gold reserves has also caused a huge panic in the securities market. In February of that year, the stock market had its busiest day, when the NYSE's stock volume reached 1.5 million and about $6 million worth of bonds was sold. The deterioration of the situation went far beyond that, and by the time April came, only a quarter of its face value remained in gold reserves that could correspond to the dollar in circulation. In May, the NYSE index fell across the board, many traders went bankrupt, and railroad stocks were hit hard. In June, a large amount of money was withdrawn from the banks of New York, many banks in the west and south declared closed or bankrupt, in July, August ... Then, 15,000 companies went bankrupt, so many people lost their jobs, and a Great Depression swept through The United States—panic breeds crises, crises fill the midst of panic—and it was in this crisis, this panic, a battle to defend the currency, the defense of the economy, that suddenly arose in the midst of the cries of the people, but quickly, in a path that was diametrically opposed to its goal. All the high-pitched slogans seem to turn into stupid noises in historical memory.
By October of that year, the United States of America's gold reserves were in a dismal position of only $90 million.
Professionals do professional things. Through long-term layout, internal and external hookups, bankers laid a big net in the whole Western financial world in the long days. Their hands are everywhere, and their figures are all over the world. Some people even believe that even in the process of the final formation of the European "gold standard" system, their influence has played an important role to a certain extent. The intrigues of the bankers did not go against the tide, but cleverly sowed the seeds of their own greed in the soil of the times. Playing with the game of money, they are a group of real experts.
And the angry people are just a bunch of innocent laymen.
Ironically, the layman chose his own representative, in order to please his own voters, but the representative blindly pushed the radical move to the extreme. The vicious circle will spend less and less gold in the national treasury, and the short-sighted policy of flattering the people will eventually become a suicide weapon that will destroy the long-term interests of the people.
To be continued
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