Letter to President Donald J. Trump
Dear President Trump,
We Americans are once again met upon a battlefield of the same economic war visited by President Lincoln and our Founding Fathers before him. The economic troubles of our Nation may be solved by Lincoln’s profound monetary breakthrough; perhaps the most successful economic stimulus plan ever implemented by a U.S. President. President Lincoln succeeded in restoring the government’s power to issue a National currency (commonly called Greenbacks), and as such, you can solve our current economic crisis permanently, by initiating the same economic solution that allowed Lincoln to win the Civil War, and to save our great Union from foreign banking institutions.
“Government, possessing the power to create and issue currency and credit as money… need not and should not borrow capital at interest… 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.”
excerpts from Abraham Lincoln’s Monetary Policy (1865)
We currently have no choice but to allow the private Federal Reserve banking system to dictate the terms of our financial survival, and we are powerless and voiceless to the plunder of our prosperity. The Federal Reserve chooses to save themselves first by absorbing what little financial surplus we produce, then they distribute our productivity to the “Too Big to Fail” financial institutions, who in turn FAIL the average American in modest need of credit. We are currently insolvent. We are rushing toward third world status and the U.S. dollar may soon be replaced, no longer being the reserve currency of the world. There is then, every likelihood that we will be forced to go “hat-in-hand” to the International Monetary Fund as supplicants seeking loans with which to finance our imports, as we further endure the punishing cycles of inflation, recession, and depression.
As Public Banking Institute Founder Ellen Brown states so well, “We are waking up from the long night of our delusion. We do not need to follow the prevailing economic orthodoxies, which have consistently failed and are not corroborated by empirical data. We need a permanent money supply, and the money must come from somewhere. It is the right and duty of government to provide a money supply that is adequate and sustainable. It is also the duty of government to provide the public services necessary for a secure and prosperous life for its people.” As Thomas Edison observed in the 1920s, “If the government can issue a dollar bond, it can issue a dollar bill. Both are backed by the full faith and credit of the United States. The government can pay for all the services its people need and eliminate budget crises permanently, simply by issuing the dollars to pay for them, debt-free and interest-free”.
Mr. Trump, you have the unique opportunity to make America great again by bringing back the “Greenbacks” and preventing our impending economic disaster. There are those who will argue that doing so is too bold, and will not serve the interests of those who supported your candidacy. They will argue that if you were to implement a system of debt-free and interest-free currency, thousands of bond holders could lose their stream of perpetual profits. Perhaps. But in the larger sense such courageous action will equate to a Trump legacy on par with that of Lincoln, and you will be remembered to history as the Economic Emancipator of more than 315 million Americans, now condemned to debt slavery.
In Lincoln’s Monetary Policy we find sound constitutional resolutions that would rectify the gross mismanagement by U.S. leaders of our monetary and fiscal policies, and could if acted upon, return us to a system of debt-free and interest-free National currency. We call upon you to finish the work that President Lincoln started, the success of which would be a poetic triumph for you and all Americans. President Trump, you can with just a phone call order the Treasury Secretary to issue the amount needed to liquidate America’s debt with a new legal currency. All existing Federal Reserve Notes and Treasury Securities obligating payment for credit extended to the U.S. Government would be redeemed by this new currency, and these existing debt instruments would then be liquidated. We urge you to make the phone call to Treasury Secretary Steven Mnuchin and direct the establishment of a new National system of debt-free, interest-free currency based on the Lincoln “Greenbacks” Monetary Policy, which will result in a debt-free U.S. Federal Government.
We the undersigned respectfully request that you take all steps necessary to implement the spirit and substance of existing Constitutional authority to restore public control of our currency.