In perusing A. J. Nock’s “Jefferson”, Silverwolf was struck by the similarities between Jefferson’s reaction to the Hamiltonian National Bank, and Ron Paul’s reaction to President Obama’s and Congress’ use of the Federal Reserve as a slush fund to help out their backers. The situation of a lawyer-packed Congress and White House, completely out of tune with the laboring class and the small businessman who produce the actual wealth of the nation, is amazingly reminiscent of Jefferson’s perception of and opposition to the National Bank.
There are four ways in which the Congressional-White House Collectivists can control legislation (and thus influence much of the economy). Firstly and secondly, they can control the Congressional majorities and the White House, thereby ramming their legislation through to legality, its Constitutionality (or lack of it) be damned; thirdly, they can stack and utilize the Judiciary to overthrow the clear meaning of the Constitution and Bill of Rights; and finally, they can use the National Bank to print and dilute the currency, thereby wiping out part of the National Debt they spent years ago, in their welfare-warfare boondoggles. If the public clamps down, or controls one element through elections, the Collectivists merely switch control to another branch. And if they can line up the Executive, Legislative, and Judicial, then the FED/National Bank will not be far behind. And of course, there is always the bureaucratic class, who can interpret the very convoluted laws Congress passes, according to any whim of theirs that fits within the language of the bill. Bureaucrats in America probably have more power and cause more misery than the Supreme Court.
But none of this would be possible without the National Bank being able to add massive amounts of cash to the system at will by purchasing Treasury Bonds, diluting the value of all dollars currently in circulation. This increases the credit-creating ability of the banks at a nine-to-one ratio to the amounts of T-Bonds bought by the FED, but it is also a very subtle form of theft from all the savers in America, not unlike a private company that suddenly issues a massive tranche of new stock, diluting the holdings of all the current stockowners by increasing supply. Few realise this, and of those who do in the Government, it seems that only Ron Paul has the courage to introduce legislation that would put the first slight bit of accountability on the FED by letting the public examine its books. The fact the FED and the Democrats are fighting this Bill, H.R. 1207, tooth and nail is another important factor in the growing anger of the American public towards the Government, for an honest government would have no cause for secrecy in financial matters. The fact that the FED is suddenly saying “We know better than you how to run this, and we don’t want you to know because it might upset some of the banks” is like waving a red cape in front of the bull. America still has a thick tranche of fiscally savvy and conservative thinkers out there in that 3000 mile by 1500 mile plain, and they vote.
And just as Jefferson was one of the lone Silverwolves standing up to the Hamiltonian Bank ( which had enabled Robert Morris to loot the American Treasury to the tune of millions), so Ron Paul is the lone Silverwolf standing up to the looters in Congress, and their accommodators at the Federal Reserve. The branching out of the FED’s powers into what amounts to a Fascist support of huge private corporations, a la Mussolini, has sent the first whiff of cozenage past the sensitized nostrils of the American public, and the old-fashioned common sense of balanced budgets, and their necessity for economic stability, has aroused Americans like no issue for years. All the warnings and prognostications Ron Paul made during his campaign are coming true before the public’s eyes, and many suddenly realize they voted for an economic lunatic, instead of the sane man from Texas.
Indefinite prolonged detention, mandatory volunteering, expanding Bush’s “faith-based initiative”, increased powers for the FED, supporting FED secrecy, a banking czar, forced purchase of health insurance, calling those who question their Bills ”un-American”, requesting snooping emails, expanding the war in Afghanistan, bailing out Goldman Sachs, bailing out AIG, bailing out GM, bailing out Fannie Mae, bailing out Freddie Mac, $700 billion in TARP funds, $700 billion in stimulus or free money for contractors and swindlers, not repealing the Patriot Act, trashing State’s Rights by continuing to prosecute licensed medical Marijuana growers in States that have legalized it, adding $2 trillion dollars in one year to the National Debt, cash for clunkers to bail out the Korean and Japanese auto makers while worsening our balance of trade at the individual taxpayer’s expense, — the lengthy list goes on and on and seems to grow daily. The violations of the Constitution and the whole American philosophy of self-sufficiency and limited government seem to have been completely forgotten by the vast majority of Americans, many of whom have never been educated in the basics of American Civics, the history of the Jeffersonian Revolution — a Libertarian, Capitalist Revolution, and the principles inherent in the U.S. Constitution and Bill of Rights. People in America have, for the most part, taken on the passive mindset of the Socialists in Europe, who have come to quietly accept the power of the Leviathan State as their master, instead of demanding the Natural Rights of the Individual, which were proclaimed not only by Jefferson, but also by the British Whig Liberals who supported the Revolution, and the more idealistic of the philosophes of the French Revolution. But such respect for the Individual is sorely lacking in the caponed inhabitants of North America. And what will bring about a change in those inhabitants, or a change in a rising generation so heavily conditioned by the Collectivist environment of the public schools? A child’s inquisitiveness and energy is soon smothered by the necessity of sitting still in a boring classroom, listening to a boring teacher drone on about something that has very little relevance to his life. And he is always told it is for his own good. His mind becomes cannon fodder for the Collectivists, and the last election well illustrates that fact.
Jefferson found something of this revolutionary passivity when he returned to America from his assignment in France. After several years absence, he noted the talk in favor of a strong government, and protecting the men of property. Unlike France where Liberty was like a drug just discovered, gone was the radical talk of Liberty, Natural Rights, Individual Freedom. Thus so quickly does a Revolution become calcified into political arthritis.
Key to this protecting the “rich and well-born” was Hamilton’s plan to redeem the highly specious government bonds at face value, a plan that would be highly inflationary because the bonds themselves were highly inflated. But the owners of these bonds were to be found in the “rich and well-born” class who were also the majority of Congressmen. Thus Hamilton had found a way of transferring wealth from the producing class, the laborers, farmers and small businessmen, to the non-producing class. The parallels of this process to the modern giveaway of funds under Hank Paulsen and his Congressional enablers is striking. The monocratic monolith of the Bi-partisan party in Congress has looted the working men of America to enrich its own interests and the interests of its friends, relatives and acquaintances, and piled the deficit onto the unborn generations who will be condemned to the 9-to-5 cell of industrial slavery. “Get a job” will apply to the honest, lowly, youth, but never to the well-fed caponed corporate-capitalists of Congress. Christopher Dodd’s sweetheart mortgage from Countrywide, and drug warrior Charles Rangell’s not declaring his taxable assets in property, are just two of many egregious examples of this sophisticated cozenage. As Jefferson put it, “The more debt Hamilton could rake up, the more plunder for his mercenaries”, words that could well apply to Paulsen, Pelosi, Reid, Bernanke, Frank, and President Obama, and all the Congressmen who voted for the immoral Bank Bailout Bill, and for massive loans to the mega-corporations.
Moreover, just as Hamilton knew that enriching the “rich and well-born” in Congress, and their affiliates, would bring great pressure to bear in support of these Government Bonds and the National Bank, so likewise the Congressional Democrats know that bailing out the banking sector at the same time that they bail out the Social Security pension sector, and all the sectors dependent for their wealth on the banks and corporations that were benefited by the bailout — this coalition of Bankers and Pensioners would create a vast block, a financial Maginot Line, which the disciples of Liberty and Sound Money, like Ron Paul, could not overcome. So many individuals and classes in America now benefit from the Socialist programs that enrich them at the expense of the producing class that it is virtually impossible to stop them. Anyone who stands up for the Constitution and sound economics is now called “un-American”. And few notice the perversion.
The ruction between the supporters of Liberty and Individual Freedom like Ron Paul and Thomas Jefferson, and the Collectivist-Fascist mentality epitomized by Pelosi, Reid, Geithner and the President, will go on as it always has in history. And unfortunately, as in history, it is the corrupt corporate interests that will continue to win.
The American public will continue to be robbed, and the dumbed-down majority will continue to applaud it, but the opponents of Tyranny will not shut up. The battle will continue with men like Ron Paul persevering in their quest to re-impose the Constitution on America, and the Libertarian Revolution on our economy.
Ron Paul and Thomas Jefferson vs. Alexander Hamilton and Barack Obama.
Who will win?
Hoooooooooooooooooooooooooooooooooooooooowwww! — Silverwolf