Monday, September 01, 2014

The bankers were excluded. A serious rival to Usura had been established

As soon as the attention turned to taxing the Americans, the British-based banking interests found the colonialists printing their own paper money, known as colonial scrip. John Dunn on scrip. The American colonies were a particularly attractive tax prospect, because of their prosperity.

The debt free issue of currency on such a scale in the colonies posed a threat to the interest charging power of the Usurocracy, which hurriedly pressed the British Parliament to pass the 1764 Currency Act. This action immediately suppressed the printing of money by the colonists, and forced them to pay taxes to Britain in silver or gold. In this draconian measure lay the principle cause of Usura’s next conflict, the American Revolutionary War of 1775–1783. It had nothing to do with the more picturesque matters, such as the Boston Tea Party of the Whig history books, which was just as much a diversion from the truth as the Pudding Lane origins of London’s great fire.

Such was the centrality of the money issue to the cause of the American revolutionists that upon victory, the power allotted to Congress ‘to coin money and regulate the value thereof’ was included in the Constitution of the new nation. John Dunn new book. The bankers were excluded. A serious rival to Usura had been established.

 
From Traditionalism the Only Radicalism. Available on www.amazon.co.uk

© John Dunn.
First posted on www.drjohndunn.com