We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lapp√©, excerpt from Time for Progressives to Grow Up

Wednesday, January 26, 2011

Memo to Congress: Show us the M-O-N-E-Y!

by Geraldine Perry from Online Journal

Although she lacks credentials (only a Master's degree in Education) that would give one confidence in her views, she has been endorsed by the American Monetary Institute. I, based on my own studies, feel that most of her views are valid regarding a subject that is often obscured in mainstream media. The only problem is that people like her see the elimination of the Fed as a cure-all. It is only one problem related to the capitalist system. It is only one scam among many. 

Based on my fairly extensive readings, Jefferson and Madison were not really very active in opposing Hamilton's plans. Jefferson was mostly in Paris as Ambassador to France when Hamilton and the "money aristocracy", as they were popularly referred to, were arranging things. Madison was only mildly opposed.

Hamilton, Robert Morris, and friends set up the first central bank called the Bank of North America which was mostly privately financed, but they also helped themselves to US Treasury funds when they didn't have enough money. George Washington, one of the richest of Americans, largely went along with whatever Hamilton wanted.