(Article changed on April 14, 2014 at 10:14)
In the new America, the Virginia colonists were granted their own self-government, whereupon they devised their own system of currency, free from the taxing money system of the British crown. But after a time, the long arm of oppression from the British government reached across the Atlantic and imposed its "blood" sucking, monetary rule on these poor devils once again.
The Currency Act of 1751 was the beginning of the British crackdown on the colonial money system, with the final Currency Act of 1764 specifically forbidding the colonies from issuing their own paper money.
This forced the colonists to once again borrow their currency from the central bank of England, at interest, which soon created considerable indebtedness and unemployment among the colonists. The very same "blood-sucking" swindle they had escaped when they left Europe was now being imposed once again, this time in the new colonies of America. Curiously unmentioned in most of our history books, the ensuing struggle between Britain and the American colonies over the right of the colonists to issue their own paper money (which had freed them from the need to pay interest on currency issued by banksters) was a significant factor -- perhaps the most significant -- in bringing about the American Revolution.
Benjamin Franklin explained it this way:
The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonists their locally-created monetary system, thereby creating a good deal of unemployment, debt and dissatisfaction. The inability of colonists to keep the power to issue their own money, permanently out of the hands of George the III and the international bankers, was the prime reason for the Revolutionary War.
In his book, "Fourth Reich of the Rich," Des Griffin adds this:
The reason why the British abolished the right of the American colonies to create and issue their own money is simple: the bankers did not want the colonists to be able to trade among themselves without steadily paying tribute to bankers. The objective was clear: by forcing Americans to pay interest on all the currency they would essentially have to borrow from bankers on the other side of the Atlantic, European money changers could quite profitably enslave the colonies in a mountain of debt.
Keeping all this in mind, fast forward to the 1860s when . .