Executive Summary

• The US Civil War had many private banking connections, including a desire by British private bankers to return the US to the state of a colony through a war.

Introduction

Slavery was a core issue of the US Civil War, but the war was instigated by European private banking interests that feared a country that was not monarchial, where the normal population could vote, and where the central bank was not controlled by private banking interests.

Published by a Private Banker the London Times

This is the quote during time prior to the US Civil War from the private bankers in the London Times in Europe.

“If this mischievous financial policy which has its origin in North America, shall become endurated down to a fixture, then the Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry out its commerce. It will become prosperous without precedent in the history of the world.

The brains, and wealth of all countries will got to North America. That country must be destroyed or it will destroy every monarchy on the globe.”

Source: The Money Masters

http://www.themoneymasters.com/

Why Bankers Like and Promote Wars

The European bankers also knew that a war would run up debts for both sides, thus increasing the claims on the US economy by European bankers. The European banking interests were in favor of ending slavery, yet they financially supported the Confederacy in any case.

Why Bankers Prefer the British School of Economics Over Slaver

This is explained in the following quotation.

“Slavery just meant that the owners had to feed and care for their workers. The bankers preferred the European plan, capital would exploit labor by controlling the money supply while letting the laborers be themselves in July of 1862. This ploy was revealed in an editorial document called the hazard circular which was circulated by British banking interests. Among their American banking counterparts. It said.. “Slavery is likely to be abolished by the war power and chattel slavery destroyed. This I and my European friends are glad for slavery is about the owning of labor and carries with it the care of the laborers. While the European plan led by England is a capital shall control labor or labor by controlling wages. This can be done by controlling the money the great debt the capitalists will see to it is made up. The war must be used as a means to control the volume of money. To accomplish this, the bonds must be used as a banking basis, it will not do to allow the greenback as it is called to circulate as money any length of time as we cannot control that.””

Source: The Web of Debt

https://www.amazon.com/Web-Debt-Shocking-Truth-System/dp/0983330859

A US National Money Was A Tension Between State and Federal Power

Money and banking had been a frequent area of tension between the Northern states and the Southern States. Banking was concentrated in the North, and Northern private banking interests routinely discriminated against Southern business interests. This is explained in the following quotation.

The national bank came to represent the tension between state and federal power, with the Union pushing for national currency and national banking and the Confederacy vigorously opposing it. Arguments against a national currency and a national banking system paralleled those used in defense of secession. For example, those who opposed a national currency viewed it as a subordination of state rights. They believed that national banking/currency would make wealthy men wealthier and would press states into federal servitude. But the nationalism brought on by the war led many Northerners to believe that a national currency and a national banking system would advance the public welfare. Issuing currency and creating a national bank were framed as being for the “general good of the whole” and had nothing at all to do with increasing banking efficiency or profitability.

Source: How the Other Half Banks

https://www.amazon.com/How-Other-Half-Banks-Exploitation/dp/0674286065

This tension continues to this day as New York, extracts far too much from the rest of the country. The New York financial industry is the concern that Jefferson had about concentrated banking interests writ large.