Howard Switzer
2 min readJul 11, 2024

--

We do not have a democracy we have a plutocracy. Jefferson the farmer lost the monetary system argument with Hamilton the banker, our first US Treasury secretary, who handed the nation's sovereign power to issue money to his friends private bank. As Hamilton said,"“The United States debt, foreign and domestic, was the price of liberty.” (Really? What about “The rich rule over the poor, and the borrower is the slave of the lender.” Prov 22:7 ) Hamilton convinced Congress to pay face value to the holders of the almost worthless Continental, nearly worthless after the Brits counterfeited millions of the them. Hamilton and friends had agents buying up the Continentals for pennies. Hamilton was the father of US corruption.

We won the revolution militarily but lost it monetarily. As Salvadore Allende would say about Chile's revolution 200 years later, "We won the revolution but we did not win the power." Money and power are two sides of the same coin and is controlled by the owners of the banking industry.

As former World Health Organization director Margaret Chan explained, "most of the organization’s funding comes from private donors and that they decide what that funding is to be spent on." In other words, only money talks, those who fund the WHO tell it what to do. This is true not only of the WHO but of nearly every public and private institution in the world including governments, as the 2014 Princeton study on political influence by Gilens and Page indicated. Lord Acton pointed out well over 100 years ago that, “power corrupts.” The “power” he was referring to was money. He continued that “absolute power corrupts absolutely.” Here he was referring to the power to create money, which is a public power that the commercial banks of the finance industry usurped from our government through legislative sleight of hand in 1913. They have steadily increased their power and control ever since. As Lord Acton said, “The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks. “ monetaryalliance.org

--

--

Howard Switzer
Howard Switzer

Written by Howard Switzer

Howard Switzer is an ecological architect and monetary reformer in rural Tennessee.

No responses yet