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The Alexander Hamilton Legacy is Steeped in Secrets.
The Alexander Hamilton legacy is contained in the many writings and history surrounding our first Secretary of the Treasury.
An advocate of federalism, certainly borne of the failure of the Articles of Confederation, Hamilton sought to centralize many aspects of government that had been run directly by the individual thirteen states.
In light of the leviathan that is the present day federal government, it would be easy to blame Mr. Hamilton for all the problems of big government, but you be the judge.
The Alexander Hamilton legacy begins with his frustration with the lack of unity within the Continental Congress during the Revolution.
Believing in the meritorious need for organization and control by a central body, Hamilton once said, 'Why has government been instituted at all? Because the passions of men will not conform to the dictates of reason and justice, without constraint.'
This maxim, coupled with the inability to levy taxes or collect money from the states under the Articles of Confederation, fomented in the statesman's mind a need for control by a federal power to protect and defend the nation they had conceived with the blood of their fellow patriots.
What use would it have been to break with Great Britain, if they were to become splinter states loosely gathered together only by their proximity to each other?
Instilled with this attitude, you see the beginning of a curious part of the Alexander Hamilton legacy, the formation of the Central Bank, the precursor to the Federal Reserve.
Depending on your viewpoint, some see this as either a stroke of genius or fatal flaw.
In 1784, Alexander Hamilton helped form the Bank of New York.
He immediately began petitioning Congress for a national equivalent.
He met resistance from the southern states in the union, who had always been leery of any consolidation of power in a centralized government.
In 1791, after convincing President Washington himself, the First Bank of the United States was opened in Philadelphia and chartered for 20 years.
This is where things get tricky.
THE ROTHSCHILD CONNECTION REVEALED
THE MIGHTY FALL HARD
Steeped in the Alexander Hamilton legacy is his relationship with the Rothschilds. The Rothschilds were prominent English bankers who needed the new nation to continue their success in banking.
Some suggest that it was indeed Baron Von Rothschild who placed Hamilton on his payroll and began to use that influence in President Washington's cabinet to lobby for a Central Bank for his banking entity to deal with.
There is even a claim that a British museum has documents proving Hamilton to be on Rothschild's account ledger.
Whether he was or wasn't on the dole, then Treasury Secretary Hamilton lobbied Congress to centralize banking in the US, an action that certainly aided the House of Rothschild.
Because of its 20 year charter, these men thought they had nothing to fear.
In fact, the charter ended in 1811, and was not renewed. Hamilton had long since been murdered by Aaron Burr in the infamous duel.
Consequently, the Rothschilds lost millions, and convinced the King to make war with the United States, bankrolling the whole affair himself.
THE LEGACY CONTINUES...
Whenever you turn on the news and see Ben Burnanke or hear about the Federal Reserve, you have Alexander Hamilton to thank. His legacy lives there. So the next time you lose money in your 401K, or interest rates shoot up, thank Alexander Hamilton, it was all his idea.
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