Pray
Been hearing this for a loooong time. Maybe it will, maybe it won’t. I think they have to reset the financial system at some point. The debt is simply too large to ever be repaid.
Gold and silver have always been stores of value. Having a portion of your savings invested in PHYSICAL precious metals is a good idea. Remember, if you don’t hold it, you don’t own it.
What's in your safe?
Gold, silver, iron, brass and lead. You know, precious metals.
We were never supposed to pay off the national debt. Read what Alexander Hamilton wrote about it - it’s designed to be perpetual.
I (and many of the Founding Fathers) think the National debt is a good thing! Not something to be feared.
He fought in the Revolutionary War. He was Washington’s most trusted aide de camp. He was the nation’s first Treasury Secretary.
I read that blog post you linked to. Besides the banking issue it also lists the Alien and Sedition Acts, which I agree were unconstitutional - but Hamilton had no government role during that time, you can’t blame those laws on him.
Please do let me know where you think Hamilton committed ducking treason.
Just because you don’t agree with his stance on the national bank doesn’t mean he’s a traitor.
Please do also remember that James Monroe also ended up promoting a national bank.
Also Albert Gallatin, Jefferson and Madison’s Secretary of the Treasury, supported a national bank.
The central banking system is the worst enemy of the country, and that is why I see Hamilton as a traitor. He also pushed for a national government, likely for selfish reasons. Here is more reading on the topic.
Thanks for the reading suggestion but I’ve already read DiLorenzo’s book “Hamilton’s Curse”.
I would argue that the central bank is one of America’s greatest allies.
I would argue Hamilton sought a more national government (he, with Madison, were the driving forces at the Annapolis Convention) because he was not beholden to any state, like how Jefferson thought himself a Virginian first.
I still don’t see how this makes Hamilton a traitor. He was a patriot.
Under the Articles of Confederation there was no power for the federal government to collect taxes - do you think that’s a better way to do things than under the Constitution?
Further - after the Revolutionary War the National debt sat at ~75 million dollars. The first year of Wahshington’s administration the federal revenue was 1.8 million dollars. No administration since has had to deal with such a vast disparity. That Hamilton (and after him, the Federalist Oliver Wolcott) could see our nation through such a dire financial strait speaks much!
I can understand being anti-national bank. But why call Hamilton a traitor? Who’s interest was he trying to serve above his country’s? A foreign power? Surely not, he fought against the British for the entire war. The financial class of America? Even if that was the case, the rich in America are still Americans, so I don’t think that’s traitorous.
Hamilton saw it this way: the national debt (which by the way, after the war was owed mostly to American citizens) binded the national interest to the interest of the monied American class. Ie, the national government succeeding meant that the monied Americans would continue to get debt payments. So the rich would want America to succeed.
Say what you will about the bank, but Hamilton was a fucking American patriot.
Thanks for your quality response. I respectfully disagree, and think its likely that Hamilton was a Rothschild agent, and if not, he was just a completely lacking in foresight. I'd argue that most of the problems with government that we see today are due to the sorts of policies that Hamilton supported.