>>804492 <<Previous Bread
>3. Alexander Hamilton. What we want is a banking system similar to what Hamilton suggested.
>https:// en.wikipedia.org/wiki/First_Bank_of_the_United_States (note the check signed by Astor)
>"the primary function of the bank would be credit issued to government and private interests, for internal improvements and other economic development, per Hamilton's system of Public Credit."
>Effectively, the government would fund programs (private included) that can demonstrate an increase or improvement to the energy throughput of an economy. With a system like this we eliminate the large fluctuations of economies and are funding projects with proven and demonstrable value.
Remember Andrew jackson KiLLED it because banks create money out of thin air. The digits they produce have no value.
They crate $10 for everyone in depostit and charge 10x the interest they pay you.
Then if a default they get the colalatural with literally nothing invested in it.
A single asset based currency like Gold is dangerous, it can be manipulated to create busts and booms, but the whole story Wizard of Oz, in the original Dorothy has Silver Slippers on a Gold road, with a balanced asset currency trhe money is stable and no one can control the asset.
that is why you want a constitutional currency, based on Gold, Silver, Copper and today add in platinum etc.
We as a nation had stable inflation for nearly 200 years till we dropped gold, thanks Nixon, in 1973 you could buy a new Ford F150 for $2500, today its $25,000 if your lucky many are nearly $50,000
That is INFLATION run rampant.
Those that forget the past are doomed to repeat it.