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DeVaul

Thanks for writing this article, Elaine. It has always been my opinion that the US is just another modern day Rome, and the evidence you dug up supports that.

It is sad to think about, but some of us will have to flee in time or stand and die in order to avoid the chains of slavery.

I think most will simply accept them without much thought as to what they are doing. It will eventually dawn on them, but only after it is far too late.

Elaine Meinel Supkis

Avoiding the debt trap and honorable service are the two pillars of a strong republican democracy.

Christian W

Sub soli nihil novi est. There is nothing new under the sun.

GK

I completely agree with avoiding debt. Hard to when you have a central bank that has as its sole purpose to load up the people and government with as much as possible, and no intelligent/compromised life in Congress to fight back like Andrew Jackson in 1832 to banish a previous criminal central bank. Owned by the Rich and Foreigners.

Bank Veto Message, July 10, 1832

http://phoenix.blogtownhall.com/

Andrew Jackson's Veto of the Central Bank, 1832

*** Quote ***

The present corporate body, denominated the president, directors, and company of the Bank of the United States, will have existed at the time this act is intended to take effect twenty years. It enjoys an exclusive privilege of banking under the authority of the General Government, a monopoly of its favor and support, and, as a necessary consequence, almost a monopoly of the foreign and domestic exchange. The powers, privileges, and favors bestowed upon it in the original charter, by increasing the value of the stock far above its par value, operated as a gratuity of many millions to the stockholders....

The act before me proposes another gratuity to the holders of the same stock, and in many cases to the same men, of at least seven millions more....It is not our own citizens only who are to receive the bounty of our Government. More than eight millions of the stock of this bank are held by foreigners. By this act the American Republic proposes virtually to make them a present of some millions of dollars.

Every monopoly and all exclusive privileges are granted at the expense of the public, which ought to receive a fair equivalent. The many millions which this act proposes to bestow on the stockholders of the existing bank must come directly or indirectly out of the earnings of the American people....

It appears that more than a fourth part of the stock is held by foreigners and the residue is held by a few hundred of our own citizens, chiefly of the richest class.

Is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? The president of the bank has told us that most of the State banks exist by its forbearance. Should its influence become concentered, as it may under the operation of such an act as this, in the hands of a self-elected directory whose interests are identified with those of the foreign stockholders, will there not be cause to tremble for the purity of our elections in peace and for the independence of our country in war? Their power would be great whenever they might choose to exert it; but if this monopoly were regularly renewed every fifteen or twenty years on terms proposed by themselves, they might seldom in peace put forth their strength to influence elections or control the affairs of the nation. But if any private citizen or public functionary should interpose to curtail its powers or prevent a renewal of its privileges, it can not be doubted that he would be made to feel its influence.

It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government. Equality of talents, of education, or of wealth can not be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law; but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society the farmers, mechanics, and laborers who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their Government. There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me there seems to be a wide and unnecessary departure from these just principles.

Nor is our Government to be maintained or our Union preserved by invasions of the rights and powers of the several States. In thus attempting to make our General Government strong we make it weak. Its true strength consists in leaving individuals and States as much as possible to themselves in making itself felt, not in its power, but in its beneficence; not in its control, but in its protection; not in binding the States more closely to the center, but leaving each to move unobstructed in its proper orbit.

Experience should teach us wisdom. Most of the difficulties our Government now encounters and most of the dangers which impend over our Union have sprung from an abandonment of the legitimate objects of Government by our national legislation, and the adoption of such principles as are embodied in this act. Many of our rich men have not been content with equal protection and equal benefits, but have besought us to make them richer by act of Congress. By attempting to gratify their desires we have in the results of our legislation arrayed section against section, interest against interest, and man against man, in a fearful commotion which threatens to shake the foundations of our Union. It is time to pause in our career to review our principles, and if possible revive that devoted patriotism and spirit of compromise which distinguished the sages of the Revolution and the fathers of our Union. If we can not at once, in justice to interests vested under improvident legislation, make our Government what it ought to be, we can at least take a stand against all new grants of monopolies and exclusive privileges, against any prostitution of our Government to the advancement of the few at the expense of the many, and in favor of compromise and gradual reform in our code of laws and system of political economy....


http://www.let.rug.nl/usa/P/aj7/writings/veto.htm

Elaine Meinel Supkis

Yes, he is correct. And he is turning in his grave, big time.

Chris Q.

I suppose there is hope for you yet, with the Bardi thing and all. Very nice.

Market Watcher

Much enjoyed your elegant essay. Difficult concepts made clear without too much detail.

Though I enjoy the detail. I find the Gracchi period fascinating, and the Marius - Sulla period pivotal.

Have personal sympathy for Caesar and Octavian, and find Brutus a helpless idealist and fool - the 2nd Battle of Philippi is evidence enough. "Politics (and war, which is a subset of politics) is the art of the possible", as they say.

The Lombard banks and the Lombard double entry book keeping were the beginnings of the Modern World. Too bad for us that we have strayed so far from honest banking and accounting (as Professor Fekete points out clearly).

Elaine Meinel Supkis

Cheating makes so much wealth, it is hard to resist. Thus, ignoring sound bookkeeping rules.

DeVaul

Ceaser died at the hands of a "helpless idealist", and I personally have no sympathy for him whatsoever.

Biblical Events Timeline

What does Paul want to make known to these believers?  Simply . the Gospel. I used to think that the Gospel was this one time event…it saved me around 5th grade, and I no longer need it, that it belonged on the timeline of events in my life, alone with basketball games and girlfriends.  That I need to get into deeper, heavier things.  While in a way – yes, that is true .  However, we cannot forget or move from the Gospel, the central message of the Bible.  Paul clearly wants to teach the Gospel.  And he illustrates the necessity for the presence of the Gospel, they heard it (I preached to you), they got saved (you received), they are Christians (stand), their eternal destiny is secure (saved).   He shows how dependent our lives are on the Gospel.

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