Acknowledging Alexander Del Mar
I am Alexander Del Mar and upon these words, I swear.
Alexander del Mar (1836-1926)
Engineer: Civil and Mining
Financial Editor: Daily American Times
Co-founder: New York Social Science Review: Devoted to Political Economy and Statistics (one of the first economics journals published in the United States)
First Director: U.S. Bureau of Statistics in 1866 (later to evolve into the U.S. Department of Commerce)
American Delegate: First International Monetary Congress
Candidate: Secretary of the Treasury (1868 & 1872 Campaigns)
Editor & Publisher: National Intelligencer
Mining Commissioner: U.S. Mining Commission
Clerk: United States House Committee on Expenditures in the Navy Department
Editor-in-chief: American Banker
I wrote in The History of Monetary Crimes;
“From the remotest time to the seventeenth century of our era, the right to coin money and to regulate its value (by giving it denominations) and by limiting or increasing the quantity of it in circulation, was the exclusive prerogative of the state.
In 1604 in the celebrated case of the Mixt Moneys, this prerogative was affirmed under such extraordinary circumstances and with such an overwhelming array of judicial and forensic authority as to occasion alarm to the moneyed classes of England, who at once sought the means to overthrow it.
These they found in the demand of the East India Company, the corruption of Parliament, the profligacy of Charles II, and the influence of Barbara Villiers.
The result was the surreptitious mint legislation of 1666-1667; and thus a prerogative, which, next to the right of peace or war, is the most powerful instrument by which a state can influence the happiness of its subjects, was surrendered or sold for a song to a class of usurers where it has remained ever since.
In framing the American mint laws of 1790—92, Mr. Hamilton, a young man (then 33 years of age) and wholly unaware of the character of bearings of this English legislation, innocently copied it and caused it to be incorporated in the laws of the United States, where it still remains, an obstacle to the equitable distribution of wealth and a menace to public prosperity.”
The above overthrow of the time-established prerogative of the State (officially legislated as the British Free Coinage Act of 1666) became commonly known as the British Law of 1666 and gave birth to the Bank of England.
From that law stems your world’s privately-owned central banking system through which private individuals, not the state, emits your currencies.
Though you protest, that system represents private usurers. Though you’ve adapted, that system possesses one aim – to own your world, every resource, every person.
Every unit of your currency contains compound interest. Growth through the use of compound interest equals exponentially increasing debt, by law.
The monster in the woods will soon appear. With purpose, by choice.
~ Stephen J. Bergstrom