{"id":35437,"date":"2018-06-24T06:28:34","date_gmt":"2018-06-24T11:28:34","guid":{"rendered":"http:\/\/olduvai.ca\/?p=35437"},"modified":"2018-06-24T06:28:34","modified_gmt":"2018-06-24T11:28:34","slug":"the-final-assault-in-the-war-on-cash","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=35437","title":{"rendered":"The Final Assault in the War on Cash"},"content":{"rendered":"
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The Final Assault in the War on Cash<\/a><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n
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Before I show you what I\u2019ve learned about a plan to seize control of America\u2019s money, let me make one point clear\u2026<\/p>\n

If you value sound money and political freedom\u2026 if you value limited government and taxation with representation\u2026 and if you value enterprise and privacy\u2026 then you\u2019re going to hate the future I\u2019m about to describe.<\/p>\n

There is no philosophical or monetary middle ground on the issue.<\/p>\n

You\u2019re either with it or against it.<\/p>\n

The Chicago Plan<\/strong><\/p>\n

In March 1933, Henry Morgenthau Jr., chairman of the Federal Farm Board, was sent a short memo titled, \u201cMemorandum on Banking Reform.\u201d<\/p>\n

It was signed by Frank Knight (the acknowledged author of the memo), Garfield Cox, Aaron Director, Paul Douglas, Lloyd Mints, Henry Schultz, and Henry Simons. All of them were professors at the University of Chicago.<\/p>\n

The memorandum advocated for full-reserve banking (FRB) in the U.S. monetary system. U.S. currency would be backed only by government debt, not bank debt (loans issued by commercial banks to private citizens and companies).<\/p>\n

It wouldn\u2019t nationalize the U.S. banking system. But it would<\/em> nationalize the nation\u2019s money supply.<\/p>\n

Under this kind of system, banks could no longer \u201ccreate\u201d money by lending it into existence. Money creation would be the exclusive territory of the government of the United States.<\/p>\n

In this system, the key government agencies could not create money through new lending. They would do so through new spending (on priorities determined by elected politicians).<\/p>\n

They called it \u201cThe Chicago Plan.\u201d<\/p>\n

The most radical elements of the plan \u2013 which we\u2019ll discuss shortly \u2013 were left on the shelf nearly a century ago.<\/p>\n

But I believe it\u2019s about to find a resurgence in modern America\u2026<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

The Final Assault in the War on Cash Before I show you what I\u2019ve learned about a plan to seize control of America\u2019s money, let me make one point clear\u2026 If you value sound money and political freedom\u2026 if you value limited government and taxation with representation\u2026 and if you value enterprise and privacy\u2026 then […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[6190,10519,1035,20644,199,4927],"class_list":["post-35437","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-bill-bonner","tag-bonner-and-partners","tag-cash","tag-dan-denning","tag-deep-state","tag-war-on-cash"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35437"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35437\/revisions"}],"predecessor-version":[{"id":35438,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35437\/revisions\/35438"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}