Exactly 199 years ago, in 1815, a “temporary” committee was established in the US Senate called the Committee on Finance and Uniform National Currency.
It was set up to address economic issues and the debt accrued by the US government after the War of 1812.
Of course, because there’s nothing more permanent than a temporary government measure,the committee became a permanent one after just one year.
It soon expanded its role from raising tariffs to having influence over taxation, banking, currency, and appropriations.
In subsequent wars, notably the American Civil War, the Committee was quick to use its powers and introduced the union’s first income tax. They also detached the dollar from gold to help fund the war.
This was all an indication of things to come.
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3 comments:
We have a fiat currency, the debt was mathematically impossible to pay from the first day we did what the constitution told us to forbid. Accepting a central bank.
The government asks for 1 billion from the central bank (the fed) the fed prints the 1 billion and tells the government you owe the bank 1.1 billion back. The .1 is never printed, hence you accepted your own eternal slavery.
That is of course until you start firing those spiffy guns at the central banksters and politicians (not American soldiers).
This country was inhabited by American Indians that lived together in harmony were everyone owned everything together. Not one soul went hungry or without shelter. Elders were honored and peace was not only possible but known. Huge native cities were developed with practices as advanced as in developed Europe at that same time.
The big difference when Columbus came here was that the Indians were trusting and the Europeans were lustful for all that they owned and saw them as vulnerable and easily overtaken. History is horribly rewritten. MEW
A lot changes in 14 years.
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