Information of Denmark, lilliput-information,
Internet 05/29/1999,
e-mail-adresse: mail@lilliput-information.com
The history of Wall Street is long
A little from the beginning of Wall Street:
based on Robert Warshows Wall Street, Copenhagen 1933
Originally
there were 13 colonies in America. They were called New England and were
colonies of England. Here they used their own money. There were several, they
were called 'colonial script' and everything went very well. There had been
international disagio-problems, but that could not explain, what was planned to
happen now. When the colonists made their money themselves, they were able to
control the purchasing power. The English bankmanagers did not like that, they
wanted to control the monetary-system like they did in England. So they
introduced their monetary system and decreased the amount of money to about one
half. Now the happy living in the colonies was totally changed. Unemployment
and powerty were the result. The rage was turned against the Englishmen and the
War Of Independence started. Two of the leading figures behind the this
revolutionary war were the experts of finance Robert Morris and Alexander
Hamilton. The later became Finance Minister under George Washington.
It was not a good idea to try to finance the war with England by tax-collecting,
because taxation always hamper people. The French participation was financed
(with Necker as an adviser) by loans too (1,2 billon Frcs). Necker was much
more a clever man of finances than he was a skilled and wise statesman.
For
this reason and for another reason the autorities let money-emission do the
work to get the war that was wanted by few. They issued Government Paper and
other instruments of debt of the bearer types. They sold them to ordinary, good
citizens, who bought them for their sound money earned by hard working. They
sold papermoney via the federal government, the single states and
municipalities. When the war had ended, they also gave some of the paper and a
little real money to the home-coming soldiers. The value of the papers depended
of the possibility of the state to be solvent and if it could/would honour them
to an acceptable course. While the time passed the most did not count on the
paper, so they used it as wallpaper and labels. But with Hamilton as Finance
Minister something was planned to happen. The single states (in America) made
papermoney to an amount of 210 mill. and The Union 360 mill. dollars under The
War Of (In)dependence. Then the paperdollard had to fall. In 1779 you could
exhange 38 paperdollars with 1 silver-dollar, the year after 100 and in 1781
some times 1000 paper-dollars for 1 silverdollar. Then they were drawn back,
and for 100 dollars you got 5 dollars of interest-bearing certicates. Only a
little returned, because they had been use practically as mentioned.
The
first time the passing of the new law, that was know only by a few, failed, but
in 1790 Thomas Jefferson returned from France, where had been American
ambassador in Paris and adviser for the French revolusionaries. With his help
they succeded as planned in America. Now the law could come to reality -
14 years after the Declaration Of Indepence? The Congressmen listened to the
proposal with deepest surprise, but the speculators that had planned it from
the start did not.
The
papers should be honoured to nominal value, and the debt of the single states
should be paid by the federal government too. Now the speculators hurried out
in the country to buy paper quietly from the people who did not know the
law-proposal. Alexander Hamilton wrote til George Washington that he long
ago had learnt that the public opinion was of no value. The money to buy
the paper came from new Government Paper sold to the same people 25 years (one
generation) after the war.
In
this way the citizens paid the cost of war, and the paid to be ruled in the
future. Wadsworth, who was a member of The Congress for Connecticut,
transmitted the ships to the South States to buy all the paper, they could get.
The rumours told about unjustifiable manoeuveres 'behind the scene'. They were
told so loudly that the New Yorker newpaper Daily Advertiser even calculated,
what the different speculators could foresee to earn, if the law passed
through.
This
calculations showed that Robert Morris would pocket $18 mill. (in the
years 1790-1792), Jerimiah Wadsworth $9 mill. and Governor Clinton
$5 mill. Fisher Ames and Christopher Gore were also members of the
syndikat. The enthusiasm was as you will understand on the boilingpoint in
coffeehouses of Wall Street, where the speculators had their headquarter.
The
only thing that was missing was to enclose the admission to the growing
activity in Wall Street. Too much publicity, and too much public participation
could damage the speculation, and do it too uncertain for the participants. This
was not managed 'in the right way' (nearly the same) until after The Civil War
1861-1865. The War Of Independence should rather have been called the War Of
Dependence instead.
'The Truth..' does not deal with
Denmark or Europe alone. It deals with some of the biggest lies I, and perhaps
you, have been told here on Earth. Read a book review from the link below.
I will email to you my html-file with
the manuscript, an extract of which you just have read:
If you write me a letter (hard copy),
ask for the manuscript The Truth...., and you include US$20, £10 or Euro 20. You
write to:
Joern E. Vig
Stadion Allé 48,
DK-8000 Aarhus C
Denmark
Puppets
are what most of us have become. Somebody else decide how we shall live our
lives. To get into the pyramid, to act inside and perhaps get higher means that
you must obey. You do not ask too many questions, but you take your part and
act without knowning the end of the play. When you look for explanations,
perhaps you are looking in the false direction all the time. Politics and religions
often make you blind - so the rulers calculate. When you know, rulers and their
masters will respect you for what you are, a real human being. Every lilliput
can use the Danish dynamite: You must not not lie, and when you know the truth
- the opposite to lies - you have to tell the truth. Knowledge, love and
forgiveness shall return the power you lost. Nobody have to be a puppet.
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