Our history of prosperity lost...

Man is destined to fail in his future if he does not remember his past…consider our history. The Colonies 1750 were the most prosperous on the planet, there were no homeless or unemployed, Ben Franklin on a trip to England friends asked how?

"That is simple. In the Colonies, we issue our own paper money. It is called 'Colonial Scrip.' We issue it in proper proportion to make the goods and 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."

The information came to the knowledge of the English Bankers, they immediately took the necessary steps to have the British Parliament to pass a law that prohibited the Colonies from using their scrip money, and then ordered them to use only the gold and silver money that was provided in sufficient quantity by the English bankers.

The first law was passed in 1751, and then completed by a more restrictive law in 1763. Franklin reported that one year after the implementation of this prohibition on Colonial money, the streets of the Colonies were filled with unemployment and beggars, just like in England, because there was not enough money to pay for the goods and work. The circulating medium of exchange had been reduced by half.

Franklin added that this was the original cause of the American Revolution - and not the tax on tea nor the Stamp Act, as it has been taught again and again in history books. The financiers always manage to have removed from school books all that can throw light on their own schemes, and damage the glow that protects their power.

Moving ahead in our history the bankers had Lincoln’s government over a barrel, just as Wall Street has Congress in its vice-like grip today. The North needed money to fund a war, and the bankers were willing to lend it only under circumstances that amounted to extortion, involving staggering interest rates of 24 to 36 percent. Lincoln saw that this would bankrupt the North. The Union had the power under the Constitution to solve its financing problem by printing its money as a sovereign government.

Greenbacks actually were just as good as the bankers’ banknotes. Both were created on a printing press, but the banknotes had the veneer of legitimacy because they were “backed” by gold. The catch was that this backing was based on “fractional reserves,” meaning the bankers held only a small fraction of the gold necessary to support all the loans represented by their banknotes. The “fractional reserve” ruse is still used today to create the impression that bankers are lending something other than mere debt created with accounting entries on their books.

These legal-tender U.S. Notes or “Greenbacks” represented receipts for labor and goods delivered to the United States. They were paid to soldiers and suppliers and were tradable for goods and services of a value equivalent to their service to the community.

Lincoln succeeded in restoring the government’s power to issue the national currency, but his revolutionary monetary policy was opposed by powerful forces. The threat to established interests was captured in an editorial of unknown authorship, said to have been published in The London Times in 1865:

If that mischievous financial policy which had its origin in the North American Republic during the late war in that country, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off its debts and be without debt. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.”

So how can we as a people regain our sovereign prosperity?

The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity and born in sin…But if you want to continue to be slaves of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit.”

Josiah Charles Stamp, President of the Bank of England (1889-1941)

Currently we the peoples representatives by almost have margin are calling for a audit of our private central bank called the Federal Reserve which is neither federal and has no reserves as far as you and I are concerned. This is a courageous step considering the decline of the dollar since the banks inception in 1913. But, consider what you would do if Monday morning you awoke to the news that your bank had closed, and the dollar had lost it’s reserve currency status in the world which would drastically reduce our dollars value by some estimates putting the dollar on a par basis with currencies like the peso.

We have a solution in law at Title 12 Banking, Chapter 31 National Cooperative Bank which was created by congress and your investment of $42 million in 1978, it has since been privatitized. Consider its mission described by congress;

The economic and financial structure of this country in combination with the Nation’s natural resources and the productivity of the American people has produced one of the highest average standards of living in the world. However, the Nation has been experiencing inflation and unemployment together with an increasing gap between producers’ prices and consumers’ purchasing power. This has resulted in a growing number of our citizens, especially the elderly, the poor, and the inner city resident, being unable to share in the fruits of our Nation’s highly efficient economic system. The Congress finds that user-owned cooperatives are a proven method for broadening ownership and control of the economic organizations, increasing the number of market participants, narrowing price spreads, raising the quality of goods and services available to their membership, and building bridges between producers and consumers, and their members and patrons. The Congress also finds that consumer and other types of self-help cooperatives have been hampered in their formation and growth by lack of access to adequate cooperative credit facilities and lack of technical assistance. Therefore, the Congress finds a need for the establishment of a National Consumer Cooperative Bank which will make available necessary financial and technical assistance to cooperative self-help endeavors as a means of strengthening the Nation’s economy.

What simple solution is this leading to, we have a choice, where do we as a nation want to invest are property? We not only have a right we have a duty to protect our sovereign property. Consider an organization like the Washington Cooperative Support Center (WCSC) whose mission was to lower the cost of living or the cost of doing business for the community by creating not for profit cooperatives in the areas of finance, employment, housing, transportation, child and health care. The proposed Thurston County Cooperative Bank is the key to this mission the vehicle for the community to learn about finance, and the power of cooperation . A not for profit working cooperatively with members of the county to build prosperity in all elements of our community owned by all of us, utilizing “fractional reserve” banking to our sovereign benefit creating prosperity. A financial cooperative locally supported by people you know. One of the many strengths of the people of this nation, moral, generous, lawful, trustful numbers of people who want to take back their sovereign future.