|View single post by Joe Kelley|
|Posted: Tue Mar 5th, 2019 12:50 am||
|"We live in the land of plenty. There are no shortages of anything except common sense and critical thinking."
That is why people are still refusing to resort to violence. That is therefore why the enemies of liberty foreign and domestic are still working to impoverish everyone, to bring everyone to the point of resorting to violence.
However, if you are fooled into thinking that this despotic government was created by Woodrow Willson or Franklin Delano Roosevelt, then it might be a good idea to learn better from worse, so as to avoid repeating very destructive errors.
"But Hamilton wanted to go farther than debt assumption. He believed a funded national debt would assist in establishing public credit. By funding national debt, Hamilton envisioned the Congress setting aside a portion of tax revenues to pay each year's interest without an annual appropriation. Redemption of the principal would be left to the government's discretion. At the time Hamilton gave his Report on Public Credit, the national debt was $80 million. Though such a large figure shocked many Republicans who saw debt as a menace to be avoided, Hamilton perceived debt's benefits. "In countries in which the national debt is properly funded, and the object of established confidence," explained Hamilton, "it assumes most of the purposes of money." Federal stock would be issued in exchange for state and national debt certificates, with interest on the stock running about 4.5 percent. To Republicans the debt proposals were heresy. The farmers and planters of the South, who were predominantly Republican, owed enormous sums to British creditors and thus had firsthand knowledge of the misery wrought by debt. Debt, as Hamilton himself noted, must be paid or credit is ruined. High levels of taxation, Republicans prognosticated, would be necessary just to pay the interest on the perpetual debt. Believing that this tax burden would fall on the yeoman farmers and eventually rise to European levels, Republicans opposed Hamilton's debt program.
"To help pay the interest on the debt, Hamilton convinced the Congress to pass an excise on whiskey. In Federalist N. 12, Hamilton noted that because "[t]he genius of the people will ill brook the inquisitive and peremptory spirit of excise law," such taxes would be little used by the national government. In power, the Secretary of the Treasury soon changed his mind and the tax on the production of whiskey rankled Americans living on the frontier. Cash was scarce in the West and the Frontiersmen used whiskey as an item of barter."
Reclaiming the American Revolution: The Kentucky and Virginia Resolutions and their Legacy
by William Watkins
The central bank (under the color of law) scam goes way back in history, probably before the money changers in Biblical text, and to presume, or to conclude, without investigation, the determination that all this evil started in America in the 20th century is - in my opinion - criminally negligent.
“...thank that bastard Woodrow Wilson for the Federal Reserve,”
Who created a dictatorship in America from which a dictator could make all Americans pay for the crime of African Slavery, and all Americans can pay for the Central Banking Fraud, and all Americans can be conscripted (enslaved) to crush any failure to pay the false federal (national) extortion fee?
"Who can deny but the president general will be a king to all intents and purposes, and one of the most dangerous kind too; a king elected to command a standing army? Thus our laws are to be administered by this tyrant; for the whole, or at least the most important part of the executive department is put in his hands." Philadelphiensis IX, February 06, 1788
See also the work of Anthony Sutton; please.