Hamilton v. Jefferson Meets a Misguided Ron Paul ~ The Risk Averse Alert

Saturday, August 13, 2011

Hamilton v. Jefferson Meets a Misguided Ron Paul

One of my favorite philosophical questions is, "If a tree falls in the woods and there is no one there to hear it, does it make any noise?" The answer, of course, is no. What are trees, woods, hearing and noise but ideas created by man? Without man these ideas do not exist.

Alright, now here's a kicker. If a tree falls in the woods and there is but one person there to hear it, does it make any noise?" Again, the answer is no. What good is any idea without someone with whom the power of its truth can be shared and leveraged?

The same for noise from falling trees goes for God, and here too the idea's power is in its being shared among humanity that its truth be duly leveraged, that mankind's posterity — its highest natural potential — foremost be elevated.

Mankind's posterity is a consideration of utmost supremacy no matter what set of earthly ideas one might take into account.

Pity our time is one in which mystical formulations said to give money its value are being elevated above thoughtful consideration of money's ultimate, lawful service to mankind's posterity...

Aside from easily refuted historical distortions in the above presentation, let me just say that, Alexander Hamilton as the nation's first Treasury Secretary buried then Secretary of State Thomas Jefferson's objection to a National Bank with his 1791 Opinion as to the Constitutionality of the Bank of the United States.

The critical distinction between the defunct Bank of the United States and the present Federal Reserve System is that the former represents a constitutional credit system operating through a public corporation giving Congress direct power to finance investments serving the nation's posterity, whereas the latter foremost attempts to unhinge Congress' power over finance aiding its service to the national interest, instead fostering private interests, and this even at the expense of the national interest.

What is the national interest? Read the U.S. Constitution's Preamble. In one eloquent sentence the national interest is clearly stated with utmost intention to elevate mankind's posterity. Thus does Hamilton's conception of a national bank in fact offer a superior formulation for a banking system capable of serving such classical humanist purpose necessitating a constitution at all.

Herein, then, is the battle line drawn in truth regarding banking in the United States. The above video's distortions purposely denigrating power over finance possessed by the people of the United States through its federal government is nothing but an attack on our constitutional republic masked by a heaping helping of populist mumbo jumbo that these days finds the likes of Ron Paul championing to a receptive (albeit poorly informed) American audience.

So, for truth's sake does the following recitation of American history set the record straight...

I'm not about to suggest the populism of Texas Congressman Ron Paul represents the sort of seditious threat President Monroe is reported to have feared. The bankruptcy of monetarist ideas spurring the likes of a Ron Paul without doubt have the globe on a fast track to the greatest economic collapse humanity has ever endured. The trans-Atlantic arrangement fostered following the U.S.A.'s August 1971 surrender of sovereign control over its currency is on the verge of imploding. Be it by the banking system's hyperinflationary blowout or deflationary collapse, physical urgency about to be raised among countless millions is likely to relegate Ron Paul a rather obscure and irrelevant figure whose "understanding" of money devoid of its lawful purpose in elevating mankind's posterity already today can be respectfully judged misguided.

This is not to suggest Mr. Paul fails to understand which parts of our current arrangement are problematic. His charges against the Federal Reserve, no doubt, find a basis in reality and so are credible. However, Paul's trouble is the cure he advocates. Too few Americans understand why it is worse than the disease. (To these I might impose the following consideration: why does Ron Paul receive any coverage at all from a mainstream media whose part in sustaining the "credibility" of the Federal Reserve is indisputable? Here's why: Ron Paul represents no threat to monied interests whose domination of the Federal Reserve has brought it to its current, insolvent state! Indeed, Ron Paul's "cure" plays right into their game, which remains effective dominance of private interests over sovereign states, and by extension its affairs.)

Coming patriotic representation for the nation all too likely will be cut in the cloth of such figures as Henry Clay, a man whom Abraham Lincoln called, “My beau ideal of a statesman.” Indeed, the likes of Lincoln, and Franklin Delano Roosevelt thereafter — both of whom were avid proponents of the American System of Political Economy, carrying forward ideology established by Alexander Hamilton and furthered by the likes of Henry Clay and John Quincy Adams — might better be thought products of history whose cause and consequence simply cannot be erased from the soul of the nation, having commonly risen to prominence during periods of chaotic upheaval by way of what the nation's founders identified for posterity as "Nature's Law."

Practically speaking you should not be surprised to find yourself amidst living history. You can see with your own eyes the battle continues. Now, being that we are at what history is likely to judge a decisive moment, your imagination might be impressed to be living in it. You should have all the facts, then, particular as the key to victory is presenting an enemy a face-saving way out...

Truth is Hamilton's American School is more than "face saving." It is the promised land of investment banking — amber waves of green awaiting to be created out of thin air in a nation harnessing its resources evermore productively, raising efficiencies in its commercial economy and opening opportunities scarcely dreamed of today. The American Revolution's contribution to capitalism — more specifically, the U.S. Constitution's — is in the possibility of harnessing the resources of the United States creatively employing efficiencies in a manner not easily replicated anywhere else in the world. In its 200 plus years of existence the United States has yet to harness the ultimate power of both the nation's physical resources and the creative resources of the nation's citizens through dedicated, focused, long-term investment in the economic platform upon which its citizens should thrive. In the midst of the presently unfolding social calamity, then, is opportunity to reverse course and put the peddle to the metal like never before.

The sort of capital-intensive, long-term investment imperative necessary to create an economic platform most efficiently fostering command over the resources of the nation — whose most precious is the creative capacity of its people — is assured through the operation of a Hamiltonian national bank: the centerpiece of the American System of Political Economy.

Only through sovereign control over finance can the posterity of a nation's people be assured. Directing finance toward foundational investments effectively serving to elevate productive, economic efficiencies in perpetuity is the means of creating both abundant opportunity within the commercial economy, as well as a rock solid base impervious to the occasional business failure. Unlike today's situation where foundational elements of the nation's commercial economy are profoundly vulnerable, the so-called "two-tier credit system" at whose top tier is a Hamiltonian national banking system presents the framework for stability conducive to long-term investment, both public and private, foremost serving mankind's posterity as a living being.

(For more see also: Hamilton's Constitution)

* * * * *

This majestic work brings into sharp focus the private and public Henry Clay (1777-1852): gambler, drinker, duelist, as well as brilliant orator, a man with a "gift for the outrageous," and savior of the Union.

"Henry Clay and the Struggle for the Union" delves into the intricacies of our nation’s history like never before, telling the story of the man who promoted ‘honorable compromise’ for the greater good of the nation. (DVD)