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… fiat currency. This debate is hidden from the public and seldom mentioned. One can grow old and die without ever hearing about the debates on public versus private banking.
The Dominant Form of Banking Today
Today the dominant form of central banks is that the central bank is in the hands of private bankers but pretends to be controlled by the government. Because it is in private hands, interest rates must be charged, and enormous financial gains that go to the private banker and are hidden from the public within the banking system. These are rents extracted from the citizens …

… ago, just 1.3 percent of the LME’s copper stocks had canceled warrants. Today, 59 percent of it does. In January 2009, just 2.3 percent of zinc stocks were canceled; it’s at 32 percent today. Zinc incidentally has something else in common with aluminum – a shipping-and-handling-like premium, called the U.S. zinc premium in the United States, which has skyrocketed in recent years, increasing by 400 percent between the summer of 2012 and the summer of 2013, when the price plateaued just as the aluminum scandal broke. Then there’s nickel. Thirty-seven percent …

… European bankers. The European banking interests were in favor of ending slavery, yet they financially supported the Confederacy in any case.
Why Bankers Prefer the British School of Economics Over Slaver
This is explained in the following quotation.
“Slavery just meant that the owners had to feed and care for their workers. The bankers preferred the European plan, capital would exploit labor by controlling the money supply while letting the laborers be themselves in July of 1862. This ploy was revealed in an editorial document called the hazard circular which was circulated by British banking interests. Among their American banking

… government has the power to tax and to issue money. The power to tax means that government does not need to sell products, and the power to issue currency means that it can make purchases by emitting IOUs. Unlike private firms, the federal government maintains no stock of cash-on-hand and no credit balance at the bank. It doesn’t need to do so. There are surely limits of wisdom and prudence on federal spending, as well as numerous checks, balances, and self-imposed constraints, but there is no operational limit. The federal government can, and does, spend what …

… role in money creation in the United States. As the Fed will provide the necessary reserves by making them available at the federal funds rate. The banks borrow from the Fed at a low interest rate and extend credit to their customers at a higher rate. Where the sleight of hand comes in is that the Fed itself creates the reserves out of thin air. These reserves are not real money kept in the commercial bank for paying depositors, they exist only as liabilities on the Federal Reserve Bank’s books. Pierre maintains that the rules accounts kept at the …

… me to tremble for the safety of my country. Corporations have been enthroned an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few and the Republic is destroyed.”
Source: The Web of Debt
https://www.amazon.com/Web-Debt-Shocking-Truth-System/dp/0983330859
Lincoln’s Accuracy
What Lincoln feared has come to pass. And there is a good reason that this quotation is not readily found or repeated.