Global Feed Post Login
Replying to Avatar Micael

How do I know that Banjamin Franklin is rolling in his grave?

Because he said:

“That is simple. In the colonies we issue our own money. It is called colonial script. We issue it in proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner, creating for ourselves our own money, we control its purchasing power, and we have no interest to pay anyone.”

"The refusal of King George to allow the colonies to operate an honest money system, which freed the ordinary man from clutches of the money manipulators was probably the prime cause of the revolution”

20
203c6bf9... 5mo ago 💬 1

" We issue it in proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers"

I don't see how that's any different from central banking today?

Reply to this note

Please Login to reply.

Discussion

Avatar
Micael 5mo ago

It was debt and interest free currency. If they continued like this there would not be national debt. No income taxes. And a better world for everyone.

Thread collapsed