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Quote by Abraham Lincoln

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The Words Lincoln Lived By: 52 Timeless Principles to Light Your Path

This book explores the profound insights and principles that guided Abraham Lincoln throughout his life, distilling them into 52 actionable lessons. Each principle is designed to inspire and motivate readers to apply Lincoln's wisdom to their own lives, fostering personal development and ethical decision-making. more

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Abraham Lincoln
Abraham Lincoln

Abraham Lincoln was the 16th President of the United States, serving from 1861 to 1865. He was a pivotal leader during the American Civil War, dedicated to preserving the unity of the nation and the abolition of slavery. Lincoln is renowned for his noble character and exceptional leadership. more

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“The very same British and American families who had combined to wreck the Indian textile industry in the promotion of the opium trade [...] combined to make the trade, a valuable source of revenue. In 1864 they joined forces to create causes for war and to promote the terrible War Between the States, also known as the American Civil War.”

“The South was at the point where the scale was tipping against slavery. It was slowly dawning on the plantation owners that slave labor was not economic, besides being morally wrong. Slavery was destined to be abolished, whether for economic reasons or moral reasons matters not, but the international intriguers were not going to wait for voluntary abolition to rob them of their trump card.”

“In the North, neither greenbacks, taxes, nor war bonds were enough to finance the war. So a national banking system was created to convert government bonds into fiat money, and the people lost over half of their monetary assets to the hidden tax of inflation. In the South, printing presses accomplished the same effect, and the monetary loss was total.”

“In the North, the sale of government bonds was the one measure for raising funds that seemed to work. Even that, however, with the lure of compounded interest to be paid in gold at a future date, failed to raise more than about half the needed amount. So the Union faced a real dilemma. The only options remaining were (1) terminate the war or (2) print fiat money. For Lincoln and the Republicans who controlled Congress, the choice was never seriously in doubt.”

“American banks may have been unable to supply adequate loans, but the Rothschild consortium in Britain was both able and willing. It was during this time that the Rothschilds were consolidating their new industrial holdings in the United States through their agent, August Belmont. Derek Wilson tells us: "They owned or had major shareholdings in Central American ironworks, North American canal construction companies, and a multiplicity of other concerns. They became the major importers of bullion from the newly discovered goldfields".”

“During the fiscal year ending in 1861, expenses of the federal government had been $67 million. After the first year of armed conflict they were $475 million and, by 1865, had risen to one billion, three-hundred million dollars. On the income side of the ledger, taxes covered only about eleven per cent of that figure. By the end of the war, the deficit had risen to $2.61 billion. That money had to come from somewhere.”

“Converting the war into an antislavery crusade was a brilliant move on Lincoln's part, and it resulted in a surge of voluntary recruits into the Union army. But this did not last. Northerners may have disapproved of slavery in the South but, once the bloodletting began in earnest, their willingness to die for that conviction began to wane. [...] Lincoln faced the embarrassing reality that he soon would have no army to carry on the crusade.”