The Full Story

Civil War funding​

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On April 12, 1861, both the Civil War and an economic war began under President Lincoln's watch.

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A Rothschild-owned bank financed the North during the Civil War, and the Paris branch of the same bank financed the South. The longer the war went, the more money the Rothschild bankers profited.

Lincoln knew the United States needed money to finance the Civil War, so he traveled to New York with the Secretary of the Treasury to apply for loans.

Bankers offered 24% to 36% interest and Lincoln declined their loans.

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Lincoln's "Greenbacks"​

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Lincoln opted to pass a bill through Congress which authorized printing of new Treasury notes which were paid to soldiers and circulated throughout the country.

450 million dollars worth of the new notes were printed using green ink on the back to distinguish them from old notes, getting the name "Greenbacks".

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Lincoln believed all currency should be issued by the Government

Lincoln worked courageously to prevent Rothschild attempts to finance the Civil War.

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"The government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers..... The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power."