British Counterfeiting During The American Revolution
BY Herschel Smith
9 years, 1 month ago
Journal of the American Revolution:
While it can be said that the British commanders, both Howe and Clinton, were certainly aware of the massive counterfeiting offensive, it seems that the actual execution of the plan was carried out on a “street” level. Using various methods of disseminating that counterfeit currency, some subtle, some very bold, they were able to put massive amounts of it into circulation. Once in circulation it had the effect of destabilizing what was already an unstable currency, leaving the American economy teetering and the people’s faith in Congress shaken. In most every way the planned economic offensive very nearly achieved its purpose of bringing an end to the rebellion.
This is an outstanding essay, and I highly commend it to your studies. If you think there is no modern relevance, ask yourself why the federal government monitors all banking transactions greater than $5000? Or why they want a cashless society? Or why any of the sundry government controls (e.g., EPA ban on most wood-burning stoves) are in place?
Some of this is related to currency, some not, but it’s all related to the need to stay on the government tit and the inability to disconnect from her controls.
On November 6, 2015 at 4:56 am, Roger V. Tranfaglia said:
Should the conservatives win in 2016, we really, really, REALLY need to DUMP this Federal Reserve “group”.
Clinton, huh? Wonder if there is any relation……….