We are going to explore why the Nation
spends money.
How the Nation is constructed is described in the body of the Constitution The reason why the Nation was created are listed in the Preamble to the Constitution. The Government spends money to accomplish purposes for which it was created.
" We the people of the United States, in order to form
a more perfect union, establish justice, insure domestic
tranquility, provide for the common defense, promote
the general welfare, and secure the blessings of liberty
to ourselves and our posterity, do ordain and establish
this Constitution for the United States of America."
The people wanted:
1. A more perfect Union
2. Justice
3. Domestic Tranquility
4. Common Defense
5. General Welfare
6. Liberty
That stuff doesn't come free.
Even though the British ruined our Continental [fiat money] Note by counterfeiting them during the Revolution, we whopped them with the help of a French Blockade at York Town.
Then The British Royal Bank was nice enough to show us how to create a privately owned Corporate National Bank that we could support with Taxpayer Money. The Monetary Profiteers tried twice to create one. Twice they failed. So the big bankers went back to each one just creating their own debt notes. During the Civil War, Lincoln brought the problem to a head by issuing the Green Back Note to finance the war, He knew the Banks would bankrupt the Union charging 25% interest to finance the war.
Finally, after some misadventures, we set up the Federal Reserve Banks in 1913. That gave us our own Sovereign currency. We finally had one currency that all Corporate Banks used.
Treasury still has to pay interest when they use it. Maybe soon we will discover that we don't really have pay interest to get people to lend us money if we don't want to.
this Constitution for the United States of America."
The people wanted:
1. A more perfect Union
2. Justice
3. Domestic Tranquility
4. Common Defense
5. General Welfare
6. Liberty
That stuff doesn't come free.
Even though the British ruined our Continental [fiat money] Note by counterfeiting them during the Revolution, we whopped them with the help of a French Blockade at York Town.
Then The British Royal Bank was nice enough to show us how to create a privately owned Corporate National Bank that we could support with Taxpayer Money. The Monetary Profiteers tried twice to create one. Twice they failed. So the big bankers went back to each one just creating their own debt notes. During the Civil War, Lincoln brought the problem to a head by issuing the Green Back Note to finance the war, He knew the Banks would bankrupt the Union charging 25% interest to finance the war.
Finally, after some misadventures, we set up the Federal Reserve Banks in 1913. That gave us our own Sovereign currency. We finally had one currency that all Corporate Banks used.
Treasury still has to pay interest when they use it. Maybe soon we will discover that we don't really have pay interest to get people to lend us money if we don't want to.
Union, Justice, Defense, General Welfare, and
Liberty are public purpose. Private Corporations making a
profit when the Government borrows money from or through them is, most certainly, a private affair. We borrow Money from them in spite of the extra cost. Then we have to tax the people to keep the debt from getting too big and expensive. Paying interest on Public Money is not a good thing for taxpayers. If we can get out from under the Banks that the British help create for us, we can do stuff for the people a lot cheaper. We will work on solving
Liberty are public purpose. Private Corporations making a
profit when the Government borrows money from or through them is, most certainly, a private affair. We borrow Money from them in spite of the extra cost. Then we have to tax the people to keep the debt from getting too big and expensive. Paying interest on Public Money is not a good thing for taxpayers. If we can get out from under the Banks that the British help create for us, we can do stuff for the people a lot cheaper. We will work on solving
that problem in another Blog Post.
