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Posts Tagged ‘Andrew Jackson’

Wipe our Debt

Wipe our Debt (Photo credit: Images_of_Money)

Those who support the idea of debt like to point out that Capitalism needs Capital. Debt is required to create the Capital, so having debt is not bad. Phooey! While the pump may need to be primed after first, why would anyone need to keep priming? If your economic system does not start to produce profits, why continue it?

The American government seems bent on creating more and more debt, without regard to paying it back. They keep on spending far more than taken in to get the votes secured. There is no regard to a future. The idea of the game is to be dead before the debt holder comes knocking. People, like sheep, keep voting for these clowns.

This is not Capitalism. While it is true that Alexander Hamilton borrowed some money from France to start the American economy, the idea was to pay it back as soon as possible and it was. The system keeps itself going when the Government is out of the way of commerce and does not burden the people with massive debt. Today, however, this idea is long gone. Buying votes is far more important than securing a future.

Those Hamilton supported the idea of a Central Bank, many of the founders of America opposed it. The reason is simple. As soon as a country surrenders their currency to another entity, their control is no longer under their control. George Washington, Thomas Jefferson and Andrew Jackson all opposed such moves. It took the banker crooks till 1913 and the creation of the Federal Reserve under Woodrow Wilson. At that moment, Americans lost control of their country and have been in debt ever sense.

This is not Capitalism. It is slavery. It is Debtism. It is the never ending debt to bankers.

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