in 1914 is worth more than double what the average worker earns today!
Henry Ford shocked many by offering to pay his employees $5 a day (January 3rd 1914). This, when the average farm hand at the time made about $1 a day and the average manufacturing worker about $2.34 for a 9-hr workday. It sounds almost unbelievable but if they had a CPI back in those days it would have been zero and hadn't changed in nearly 120 years! There had been some upheavals over the many years but, essentially, $1 in 1914 was equal to $1 in 1791, 123 years earlier. Can you imagine that?!
The value of money had not been diminished by a central bank. America didn't have one. We had two experiments with the First Bank of the United States 1791-1811 (modeled after the Bank of England). It was given a 20 year charter. It's no coincidence that after the American government did not renew it's charter in 1811, England declared War. The War of 1812.
In 1811, Nathan Mayer Rothschild, effectively, the Bank of England, was not amused with the American government and stated, "Either the application for renewal of the charter is granted, or the United States will find itself involved in a most disastrous war." However the United States stood firm and the Charter was not renewed, which caused Nathan Mayer Rothschild to issue another threat, "Teach those impudent Americans a lesson. Bring them back to colonial status." So in 1812, backed by Rothschild money, and Nathan Mayer Rothschild's orders, the British declared war on the United States. The Rothschild plan was to cause the United States to build up such a debt in fighting this war that they would have to surrender and allow the charter for the Rothschild owned First Bank of the United States to be renewed.
Soon after the War of 1812 ended, a second bank, was given another 20 year charter. The Second Bank of the United States.
Who do you think really won that War?
Showing posts with label War on America. Show all posts
Showing posts with label War on America. Show all posts
Friday, December 3, 2010
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