D&C 87:1 Verily, thus saith the Lord concerning the wars that will shortly come to pass, beginning at the rebellion of South Carolina, which will eventually terminate in the death and misery of many souls; And the time will come that war will be poured out upon all nations, beginning at this place. For behold, the Southern States shall be divided against the Northern States, and the Southern States will call on other nations, even the nation of Great Britain, as it is called, and they shall also call upon other nations, in order to defend themselves against other nations; and then war shall be poured out upon all nations. . . . . until the consumption decreed hath made a full end of all nations; -Joseph Smith Jr. December 25, 1832
War is not only a contest of resolve but also a test of economic strength. War cost money. Therefore, Alexander Hamilton, the first Secretary of the Treasury, convinced Thomas Jefferson to create a Federal Bank and to allow the country to run a national debt during times of war. With a endless supply of credit, a government could manufacture a neverending supply of warplanes, tanks and bombs. During the Civil War, Abraham Lincoln turned to Great Britain for financial assistance against the Southern States. However, when President Lincoln later learned the same British Rothschilds who were funding the Union Armies were also funding the Confederate Armies from their banks in France, he stopped paying interest payments on the nation's war debts and began printing Greenbacks. When a nation prints its own money, the nation's currency becomes devalued which shrinks the value of its debt through inflation. I am sure this action infuriated the European bankers and there is not a few who believe that in retribution, the Rothschild's ordered the assassination of President Lincoln. I don't think going into debt during war time is bad, what is bad is borrowing money from other countries. War Bonds should be sold only to US citizens.
Section 8. The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States; To borrow money on the credit of the United States; To regulate commerce with foreign nations, and among the several states, and with the Indian tribes; To establish a uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the United States; To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;
"... (we) gave the people of this Republic the greatest blessing they have ever had - their own paper money to pay their own debts..." -Abraham Lincoln
Since the Civil War, European Banks have been enciting and funding both sides of numerous wars. World Banks have systematically taken control of the United States by enslaving all its citizens to the bondage of interest and socialism. The errosion of the Representative Democracy in America has been slow and steady.
The Coinage Act of 1873, de-monetized silver, and put the United States on a gold-only standard. The U. S. Treasury continued to issue silver certificates until 24 June 1968. President Richard M. Nixon announced in 1971 that the United States would no longer redeem currency for gold or any other precious metal, forming the final step in abandoning the gold and silver standards.
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world - no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -President Woodrow Wilson
"The budget should be balanced; the treasury should be refilled; public debt should be reduced; and the arrogance of public officials should be controlled." -Cicero. 106-43 B.C.
"if that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed, or it will destroy every monarchy on the globe." -The London Times
"Permit me to issue and control the money of a nation, and I care not who makes its laws..." -Mayer Anselm Rothschild