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OpEdNews Op Eds    H2'ed 4/9/09

Revive Lincoln's Monetary Policy: An open letter to President Obama

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Today we the people are starting to understand our banking and monetary system, and we are shocked, dismayed, and furious at what we are discovering.  The wizard behind the curtain turns out to be a small group of men pulling levers and dials, creating an illusory money scheme that, behind all the talk and bravado, is mere smoke and mirrors.  These levers are controlled by a privately-owned, unaccountable central bank called the Federal Reserve, which has recently dispensed billions if not trillions in funds to its banker cronies, without revealing where these monies are going even under Congressional inquiry or in response to Freedom of Information Act (FOIA) requests.  As Chris Powell pointed out recently in conjunction with an FOIA request brought by Bloomberg News, which the Fed declined to comply with:

 

“Any government that can disburse $2 trillion secretly, without any accountability, is not a democratic government.  It is government of, by, and, for the bankers.”4

 

There was a time when private central bankers were the heavyweights in control, able to run their ultra-secret agenda with impunity; but that era is coming to an end.  The bankers are scrambling, trying to patch up their crumbling creations with schemes, bailouts and sleight of hand.  That effort, however, must ultimately prove futile.  As investment adviser Rolfe Winkler said in a recent article:

 

“The great Ponzi scheme that is the Western World’s economy has grown so big there’s simply no ‘fixing’ it. Flushing more debt through the system would be like giving Madoff a few billion to tide him over. Or like adding another floor to the Tower of Babel. To what end? The collapse is already here. The question is: How much do we want it to hurt?  Using the public’s purse to finance ‘confidence’ in a system that is already kaput may delay the Day of Reckoning, sure, but at the cost of multiplying our losses. Perhaps fantastically.”5

 

The bankers are on the run, feverishly trying to use the collapse of the current system to steer us toward an “Amero”-style North American currency, or a one-world private banking system and privately-issued global currency that they and only they control.  We the people will not accept those solutions, however, no matter how bad things get.  We demand real solutions that empower us, not further enslave us.

 

Abraham Lincoln had such a solution.  President Obama, you can finally bring his monetary solution to fruition.  Manifest the vision of Lincoln, Jefferson, Madison and Franklin, and we the people will make sure you are placed in the pantheon of our greatest leaders and are revered for all time.  America’s greatest days can still be ahead of us; but for this to happen, we need to expose and root out the deceptive banking scheme that would enslave us to a future of debt and increasing homelessness in this great country our forefathers founded.  The time has come for democracy to rise superior to a private banking cartel and take back the power to create money once again.  Such a transformation would represent the most epochal and empowering shift that humanity has ever seen.  As you recently said:

 

“This country has never responded to a crisis by sitting on the sidelines and hoping for the best.  Throughout our history we have met every great challenge with bold action and big ideas.”        

 

Your words are a timely reminder of our long legacy of action and bold solutions in the face of adversity.  Can we do this?  Yes we can.

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Ellen Brown is an attorney, founder of the Public Banking Institute, and author of twelve books including the best-selling WEB OF DEBT. In THE PUBLIC BANK SOLUTION, her latest book, she explores successful public banking models historically and (more...)
 

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