This Day In History: 1862-02-25

1862: Over the strenuous opposition of bankers and their bought politicians, Congress forms the US Bureau of Engraving and Printing to print the new debt-free national currency, United States Notes, which are issued without borrowing from bankers or any entity whatsoever, and require no interest payments from the people. About a half century later, the bankers strike back with their “Federal Reserve,” and from that date nearly all money in the US is created by banks out of thin air and then “borrowed” by the government, with the people paying interest on the debt — forever.

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1862-02-25