If you are looking for the Congress debate sources, C.G. means Congressional Globe. For example, If you want to see the source for "C.G. (37/2) p.524-525," (10:48 in the video), then search for Congressional Globe, and then look up the 37th Congress (1861-63), Session 2, pages 524-525. When searching for the Congressional Globe, go to the Library of Congress (loc.gov) link.
This is a great video and HistoricalSpotlight is a great youtube channel when it comes to monetary history. People dont seem to realize that Money should have a fixed value to it. This is what allows people to take money with a fixed value to trade for goods and services that have a matching value to the amount of money traded for them. By making our medium of exchange have no fixed value or any value for that matter, then it puts into question the value of personal property and makes the value of every mans/women's services for money to also have no link to anything of true value. If paper money is to be used as money it needs to be linked and redeemable to/for something of real value. By making taxes only payable by means of a fiat currency is unconstitutional blackmail to the people of the country. The idea that congress has the power to let the federal government issue bills of credit is a direct rule the constitution did not allow and unless the constitution states that congress has the power to do so, it cannot be assumed that congress has the power to do so unless the constitution specifically specifies it. Congress is authorized to protect the welfare of the people of the country by removing the fixed value of the country's money and replacing it with a form of fiat money not backed by anything is in direct conflict of protecting the welfare of the country's people making their property, goods, and services not linked to anything of value thus removing the welfare value that all people and property had for personal wealth and well being. This is why today inequality has sky rocketed and why people in general to not know the true value of what their property is worth or what their services are worth when providing their services to others for means of payments with a fiat currency.
A very nice educational video. Its a silly question though seeing as how the civil war was unnecessary so why is the question of " were greenbacks neccessary "
Depends on what you mean by "unnecessary"? If you mean due to the fact that the federal government would loose 60% - 80% of the U.S. economy if it lost the Civil War? You would likely be mostly correct. Chattel slavery was on its way out, worldwide, with western powers, and mostly due to the Industrial Revolution. the answer to your question is simple. No, they were unconstitutional. The "Necessary and Proper Clause" does not authorize the Congress to violate another section of the constitution because Congress deems it "necessary" The Civil War was the corporate take over of the United States
The printing of money extended the length of the war and multiplied the number of men that died. If taxes were raised instead the war would have ended earlier and a lot fewer men would have died and maybe the blacks would have been deported to Liberia and our present condition much improved.
@Smoggah Wrong. The Constitution only recognizes gold and silver as legal tender. Statutes created the Federal Reserve which was given authority to print money based on the gold standard. What Lincoln did was unconstitutional just like his suspension of habeas corpus was unconstitutional. Your last statement supports my conclusion to wit that fewer people would have died and the was finished much earlier.
@@joelthornton3508 Would have to agree with you. It was the complete opposite it’s why he was killed by 33rd degree Catholic Freemason John Wilkes Booth.
@@joelthornton3508 Ignorant groupies are always disturbed by facts and reality. That is why they are afraid to read actual history. Linconln spoke for himself loud and clear (as citizen and as president), but ignorant groupies would never dare to go near, much less read, Mr. Lincoln's collected papers. President Abraham Lincoln stated in writing that he considered banknotes, based on government bonds, the best currency the nation may have.
RIP Abraham Lincoln. He's still the greatest American President. Knowing that he was trying to free us from future debt of the goddamn bankers makes me want to throw myself in front of that bullet more than ever.
He signed to let 38 Lakota men hang all at once, which was about 10% of how many the army wanted to hang but Lincoln fearded the UK qoyldnt aprive and he needes them for finance and trade so hanged a few innocent men, he like all other white European leaders are POS
Austin Gragg Well not all Europeans are POS but I agree Most the presidents were douche bags minus maybe like JFK and some few others. Even Andrew Jackson was against the banks but, I heard he had a whole tribe of natives taken out or something Nd he owned slaves
This is a fantastic video! I would like more videos of economic history.
If you are looking for the Congress debate sources, C.G. means Congressional Globe. For example, If you want to see the source for "C.G. (37/2) p.524-525," (10:48 in the video), then search for Congressional Globe, and then look up the 37th Congress (1861-63), Session 2, pages 524-525. When searching for the Congressional Globe, go to the Library of Congress (loc.gov) link.
Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊
Key info @ 8:24 about interest rates. Same applies today.
This was outstanding--well done! 👏
$$$$$$💰
This is a great video and HistoricalSpotlight is a great youtube channel when it comes to monetary history. People dont seem to realize that Money should have a fixed value to it. This is what allows people to take money with a fixed value to trade for goods and services that have a matching value to the amount of money traded for them. By making our medium of exchange have no fixed value or any value for that matter, then it puts into question the value of personal property and makes the value of every mans/women's services for money to also have no link to anything of true value. If paper money is to be used as money it needs to be linked and redeemable to/for something of real value. By making taxes only payable by means of a fiat currency is unconstitutional blackmail to the people of the country. The idea that congress has the power to let the federal government issue bills of credit is a direct rule the constitution did not allow and unless the constitution states that congress has the power to do so, it cannot be assumed that congress has the power to do so unless the constitution specifically specifies it. Congress is authorized to protect the welfare of the people of the country by removing the fixed value of the country's money and replacing it with a form of fiat money not backed by anything is in direct conflict of protecting the welfare of the country's people making their property, goods, and services not linked to anything of value thus removing the welfare value that all people and property had for personal wealth and well being. This is why today inequality has sky rocketed and why people in general to not know the true value of what their property is worth or what their services are worth when providing their services to others for means of payments with a fiat currency.
A very nice educational video. Its a silly question though seeing as how the civil war was unnecessary so why is the question of " were greenbacks neccessary "
Depends on what you mean by "unnecessary"? If you mean due to the fact that the federal government would loose 60% - 80% of the U.S. economy if it lost the Civil War? You would likely be mostly correct. Chattel slavery was on its way out, worldwide, with western powers, and mostly due to the Industrial Revolution.
the answer to your question is simple. No, they were unconstitutional. The "Necessary and Proper Clause" does not authorize the Congress to violate another section of the constitution because Congress deems it "necessary"
The Civil War was the corporate take over of the United States
Damn this girls voice hits
Thank you for posting this video. Is there a version of it without the music competing with the narrator? Or can you post it without the music?
5:10 Jame G. Blaine from Maine lmaooooo
Historians know all this. Yet, every new generation of politicians tries to repeat all the mistakes of the past.
Greed.
The printing of money extended the length of the war and multiplied the number of men that died. If taxes were raised instead the war would have ended earlier and a lot fewer men would have died and maybe the blacks would have been deported to Liberia and our present condition much improved.
@Smoggah Wrong. The Constitution only recognizes gold and silver as legal tender. Statutes created the Federal Reserve which was given authority to print money based on the gold standard. What Lincoln did was unconstitutional just like his suspension of habeas corpus was unconstitutional. Your last statement supports my conclusion to wit that fewer people would have died and the was finished much earlier.
Right now 2023 America could bring back Demand Notes back by gold silver
So let’s leave more military equipment in more countries.. why not?
the bankers wanted greenback, Abe Lincoln was a friend and servant of bankers, especially central bankers
Stay on your meds. The opposite was true.
@@joelthornton3508 Would have to agree with you. It was the complete opposite it’s why he was killed by 33rd degree Catholic Freemason John Wilkes Booth.
@@joelthornton3508 Ignorant groupies are always disturbed by facts and reality. That is why they are afraid to read actual history. Linconln spoke for himself loud and clear (as citizen and as president), but ignorant groupies would never dare to go near, much less read, Mr. Lincoln's collected papers. President Abraham Lincoln stated in writing that he considered banknotes, based on government bonds, the best currency the nation may have.
RIP Abraham Lincoln. He's still the greatest American President. Knowing that he was trying to free us from future debt of the goddamn bankers makes me want to throw myself in front of that bullet more than ever.
He signed to let 38 Lakota men hang all at once, which was about 10% of how many the army wanted to hang but Lincoln fearded the UK qoyldnt aprive and he needes them for finance and trade so hanged a few innocent men, he like all other white European leaders are POS
Austin Gragg Well not all Europeans are POS but I agree Most the presidents were douche bags minus maybe like JFK and some few others. Even Andrew Jackson was against the banks but, I heard he had a whole tribe of natives taken out or something Nd he owned slaves
Wrong, gold & silver are money. Everything else is debt. 😢