Given the limited timeframe and scope of the story, it's understandable how much is necessarily left out; nevertheless, it's disconcerting that the connection between the biggest factors in the South's ability to go to war (financed by the European banks), the North's difficulty in raising money in a timely manner to fund the Union Army (Wall Street told Lincoln that they would lend him the money at 24 to 36% interest), as well as Lincoln's assassination itself (a direct result of Lincoln printing real U.S. dollars [Greenbacks]), is ignored |
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At www.coloradodrama.com
Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/
Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)