Words From Benjamin Franklin
Franklin, visiting England and seeing all the terrible poverty there was asked by authorities in England how this could all be so, how could he explain the remarkable prosperity of the Colonies. Franklin replied: "That is simple. In the colonies, we issue our own paper money. It is called 'Colonial Script'. We issue it in proper proportion to make the goods pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control it's purchasing power and we have no interest to pay to no one."
The English bankers immediately took the necessary steps to have the British Parliament pass a law that prohibited the colonies from using their 'Script' money, and then ordered them to use only the Gold and Silver money that was provided in insufficient quantity by the English bankers. Then began in America the plague of debt-money.
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 unemployed 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 bankers seem to have managed to have removed from the school books all of this.
Interesting, no wonder some and famous!
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