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On Why America's 234th Birthday May Not Have Many More To Follow

Tyler Durden's picture


As overindebted Americans and bankrupt cities and municipalities spend millions to celebrate America's 234th birthday (and delighted by the fact that while the rest of the world is writing in austerity, we actually can still pretend we can afford such demonstrations of affluence) with brilliant if transitory firework displays, it behooves everyone to step away from the symbolic, and consider for a minute the circumstances surrounding this country's declaration of independence. Since at the basis of every action there is always a monetary incentive, for a critical perspective of the economic conditions that led not only to the violent separation of the US from England, but to the subsequent creation of the Federal Reserve, the abolition of the gold standard, and all culminating with the imminent "end of the road” for the financial system as we know it, we present the following essay from reader Matthew Hinde.

I'm sure you know that the primary reason for the American War of Independence was to break from the English banking system of the time. The English Banks wanted the US government and corporations to borrow money from them in order to trade. This is really what the founding fathers of America fought against and won independence from. And so after the war had been won the US financial system was controlled, and all US Dollars were issued, by the US Government. The value of each Dollar was fixed (i.e. there was no inflation) and ALL the banks operated within the financial system. The most significant aspects were that the value of a dollar was FIXED and that the commercial banks were not empowered to create money. This is really what the English banks wanted to be in control of - the power to create money and lend it to the US entities at interest.

After the establishment of the Federal Reserve in 1913, however, the bankers finally got their way in the US. They took control of the US financial system and Fractional Reserve Banking became a reality in the US. What this means is that the financial system was essentially privatized and the commercial banks started to create money “out of thin air” by taking in deposits and then using these deposits to empower them to make loans significantly in excess of those deposits. I'm sure you can see how, through this scheme, the banks had shifted themselves out of a situation where they had primarily been an intermediary between savers and borrowers in the economy, to a situation where they had the authority to create and lend money into the economy.

Practically what this has meant to the American people is that as the banks have created additional units of currency, the value of their savings has been consistently undermined and devalued over time. One could argue that this has been compensated for by interest being paid on peoples’ savings, however the fact of the matter is that this rate has been manipulated down by the Federal Reserve over time, resulting in significant asset price inflation. In addition to this qualitative devaluation of money, as the capital and interest repayments of existing loans has been made, liquidity has been drained out of the economy thereby creating monetary shortages on "main street". So I’m sure you can see from this that the American people have been hit on two sides, firstly the value of their money has been consistently devalued, and secondly the quantity of money in the real economy has also decreased relative to existing debt levels.

From a banking perspective the only real concern for them was the second issue highlighted above (i.e. the fact that the quantity of money in the real economy was decreasing relative to the existing debt levels). This had the effect of reducing the probability that their loans would be repaid. In dealing with this issue the US Government and the Federal Reserve de-linked money from gold in 1971 and since the early 1980s they have also consistently reduced interest rates. The intention behind these efforts was to ensure that firstly, there would be nothing to limit the growth in the money supply and secondly, to reduce the monetary withdrawals (via interest repayments) out of the system. These two steps have both prolonged the functioning of the system as it stands. The long-term fundamental issue of the financial system though is that it is a “closed” system that requires the economy (i.e. all economic entities) to assume greater levels of debt for it to keep functioning. At the end of day there is literally no way out without altering the nature of the system itself.

It is my firm belief that we have come to the “end of the road” for the financial system, as we know it. The myriad of problems that it is creating are only going to get larger as time moves forward – until the US Government takes decisive action to correct the fundamental issues. To this end it needs to fix the value of each unit of currency by linking it to a basket of commodities (not only gold since the total quantity of gold is limited and so that would in turn limit the total quantity of money - this was the problem that resulted in the initial creation of the Federal Reserve), and it needs to eliminate the fact that money can only be created through debt. Under the current financial system, everybody ends up in debt and the banks get to continue reaping from that state. It really is a time for change and I firmly believe that the US will once again lead the world in a new direction, one that is equitable and fair for all economic participants.


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Sun, 07/04/2010 - 22:34 | 452424 TheJudge2012
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Competing currencies.  People are free to trade in what they want.  Naturally they will gravitate toward hard money.

Sun, 07/04/2010 - 22:35 | 452426 Apostate
Apostate's picture

Laissez-nous faire. 

Mon, 07/05/2010 - 19:37 | 453576 Testicular Cancer
Testicular Cancer's picture

Laissons-nous faire.

Tue, 07/06/2010 - 10:57 | 454220 Marla And Me
Marla And Me's picture

Aaaaaaah, la beauté de l'impératif...  sortons tous notre Bécherelle!

Mon, 07/05/2010 - 02:56 | 452715 joe90
joe90's picture

Except for "Gresham's law"; in doing so they get rid of the bad money first and keep the good.  So bad money drives out the good.

Mon, 07/05/2010 - 05:14 | 452751 Noah Vail
Noah Vail's picture

The author of this article exhibits a stunning ignorance of US economic history. Complete and total ignorance, for fiat money was instituted as soon as the nation was founded. The USG did NOT issue money, the fucking banks each issued their own. We did not even have a standard currency for over 100 years. The USG did issue metal coinage, but it did not issue bills. You will not find anywhere a single bill issued by the USG prior to 1913. THAT is why we went through a constant series of bank panics.


Almost nobody ever used the gold and silver coinage because it was inconvenient and due to Gresham's law: bad money drives out good, so bad paper was always the coin of the realm in the US. Always.

On a few occasions they established a National Bank that issued currency, but that never worked out and both times the NB's were abolished. The sad fact is that this nation limped along with a hodge-podge of bank notes that were far worse than any fiat problems we have today. The money we have today is perfection in contrast to money in 1837 or 1887 where anyone could suddenly find themselves holding worthless bank notes, and often did.

Holy shit, Tyler, I can't believe you posted this pathetic piece of monetary ignorance. TRy reading some US history before making such a fool of  yourself. From Wikipedia:

The first institution with responsibilities of a central bank in the U.S. was the First Bank of the United States, chartered in 1791 by Alexander Hamilton. Its charter was not renewed in 1811. In 1816, the Second Bank of the United States was chartered; its charter was not renewed in 1836, after it became the object of a major attack by president Andrew Jackson. From 1837 to 1862, in the Free Banking Era there was no formal central bank. From 1862 to 1913, a system of national banks was instituted by the 1863 National Banking Act. A series of bank panics, in 1873, 1893, and 1907 provided strong demand for the creation of a centralized banking system. The first printed notes were Series 1914 and in 1928 in order to save millions of dollars the size of the note was reduced to the size it is today

Mon, 07/05/2010 - 06:48 | 452792 johnny9iron
johnny9iron's picture

Noah is correct and the essay is grossly distorting history. Historian Ron Chernow ("House of Morgan" author) wrote a fantastic book on Alexander Hamilton in 2004 and he points out time and again the tremendous difficulty Hamilton had in trying to establish a strong central bank. The history played out just as Noah correctly outlined it.


Mon, 07/05/2010 - 12:09 | 453075 WaterWings
WaterWings's picture

Junk! for Noah, and a Junk! for you. In no way is there distortion. The story can be fleshed out, but it is correct. Jeez!

"But, but, but teacher, there are more presidents than just George Washington and Abraham Lincoln!"

I wish I could Junk! Noah again for citing wikipedia as gospel. Yes, private banks issued their own paper and they failed because of risky bets. But the focus of the article is post-1913 and the Federal Reserve system. All downhill from there as the financial scientists and political scientists took control.

And tell us a bedtime story about Aaron Burr instead, Johnny9.

Mon, 07/05/2010 - 14:02 | 453232 Ripped Chunk
Ripped Chunk's picture

Thanks Wings.

It's jokers like these 2 that are beginning to rot out the fabric.

Junkin' em' too


Mon, 07/05/2010 - 16:53 | 453425 Votewithabullet
Votewithabullet's picture

Yes beware, they could "rot out the the fabric" please get out quick before they get any on you. cunt. Back the fuck up.

Tue, 07/06/2010 - 10:03 | 454063 Ripped Chunk
Ripped Chunk's picture

Not sure if we are friends anymore or not?

Tue, 07/06/2010 - 10:57 | 454177 WaterWings
WaterWings's picture


Lots of confoozled peeps out there. Hamilton was a bastard; didn't want state and individual rights.

Who cares anymore. Sunset approaches. If you're not prepared with your own food supply and ability to defend yourself none of this information will matter anyway. The only good it serves now is to help the last few who might find it and save it for the next generation. We can only hope.


Hey, Noah.

The sad fact is that this nation limped along with a hodge-podge of bank notes that were far worse than any fiat problems we have today. The money we have today is perfection in contrast to money in 1837 or 1887 where anyone could suddenly find themselves holding worthless bank notes, and often did.

Perfect slavery now. We used to let banks fail, back in the day; unwise investments led to ruin. And why trade in gold and silver when you can barter for other items - Au and Ag just happen to be the most widely accepted. A forced fiat currency is not the answer! Did you count the death toll, worldwide, because of the Federal Reserve system? Misery. Waste. Destruction. The Empire couldn't have been achieved without the forced-by-law Federal Reserve Note. All we have here is 40,000,000 on food stamps, UI running out, and crumbling infrastructure. Parasites in control and gangrenous limbs. We must have it so good. Worthless bank notes every once in a while allows new players to come in and hard lessons to be learned - clean out the rot. The lesson to be learned by America for allowing the Federal Reserve system to be snuck in on Christmas Eve of 1913 will be the last: the gift of total collapse.


Tue, 07/06/2010 - 23:41 | 456038 GoinFawr
GoinFawr's picture

Indeed. At least slave owners used to have some sort of obligation to care for their slaves once they lived beyond their usefulness. Unlike the debt/wage slaves of today; if they go lame they'll get part-timed or simply 'let-go'. Which is kind of a misnomer...


Mon, 07/05/2010 - 08:06 | 452803 RabidLemming
RabidLemming's picture

Bill Still made a wonderful film on the subject called Money Masters.

the first step in taking this country back is abolishing the Federal Reserve Bank.


Mon, 07/05/2010 - 10:57 | 452991 Rogerwilco
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"the first step in taking this country back is abolishing the Federal Reserve Bank."

Yes, we'll all sleep better with Barney Frank in charge of the banking system and money supply.

Mon, 07/05/2010 - 11:02 | 452996 RabidLemming
RabidLemming's picture

I never said anything about having Bawknee Fwanks in charge of anything... although he and Dodd seem quite able to do the bidding of their masters at the FRB

Mon, 07/05/2010 - 19:10 | 453558 unununium
unununium's picture

We have our answer ... yes, trolls do go to work on national holidays!

Mon, 07/05/2010 - 08:01 | 452825 Sean7k
Sean7k's picture

Actually, the first paper money was issued by Lincoln during the civil war. Greenbacks were printed and remained in circulation until 1994 paying zero interest. Otherwise, a much better accounting of the history Noah.

The author plays fast and loose with history and requirements for a sound system. The elimination of legal tender laws needs to be addressed. The problem is not banks issuing notes, it has more to do with clearing house systems and accountability. Bank runs must be allowed. People must be aware of the fiscal condition of their banks. 

There is nothing wrong with a gold standard. People continue to make scarcity of gold arguments- without reason or logic. Whether a gold coin is worth the equivalent of 50 dollars or 5000 dollars is immaterial. The markets can continue to function.

The elimination of the FED by Jefferson, Jackson and hopefully a brave American in the near future is essential for sound money. The elimination of manufactured wars from manufactured security threats is essential for the security of wealth and private property. The elimination of political parties is essential for the vigor of the nation.

Mon, 07/05/2010 - 09:32 | 452918 dark pools of soros
dark pools of soros's picture

Noah is correct, but I find that many stalwarts of history are so entrenched to never leave it.  Most of the courageous thankfully have a fleeting knowledge of the past and thus no chains binding them to it. 


Yet Noah also simply states the end effects in his points and brings nothing to the debate on the motives and means of those bank runs so scorned. 





Mon, 07/05/2010 - 11:41 | 453048 BrosMacManus
BrosMacManus's picture

The intellectual dishonesty of revisionist history, like moral equivalency, needs no further rebuttal. Would courageous be not only pointing out the factual errors and misrepresentations, but also constructing a counterargument to the premise of the author's article, or merely saying "while I agree with the premise...."?

Stalwarts of history and dogma are diametrically opposed. While claiming Noah brings nothing to the debate by not addressing the motives and means of bank runs, neither did you. Nor will I.

Sometimes I wonder if Tyler posts these guest contributions to take the temperature of the petri dish that is ZH....

Wed, 07/07/2010 - 22:10 | 457736 dark pools of soros
dark pools of soros's picture

I left the notion neutral to open the discussion.. it is facinating how so much of history shows money as one of the main reasons for motive but scholars rather study the failed steps as if they were not scripted

Mon, 07/05/2010 - 12:38 | 453127 Muir
Muir's picture

Thank you Noah.

Mon, 07/05/2010 - 12:51 | 453142 lucasjackson
lucasjackson's picture

To be fair there have been several failed fiat currencies issued by the government in US history, not only banks.  The Continental, issued during the Revolutionary war went to its intrinsic value of zero, as did the Greenback issued during the Civil War.  Common thread.....Government issued, backed only by fiat, overissued during time of war.  I know this does not sound like our current situation at all, but you never know.

Mon, 07/05/2010 - 19:45 | 453581 BGO
BGO's picture

Actually, your "The USG did NOT issue money, the fucking banks each issued their own" statement isnt accurate. The US govt. issued gold certificates starting in 1863 (I think), around the middle of the civil war. At the time, gold certificates functioned basically just like FRNs. The govt stopped printing gold certificates in the 30s.

Tue, 07/06/2010 - 00:10 | 453821 bingocat
bingocat's picture

Thank you for speaking out (tough to understand why you were junked except when I look at who junked you).

Fiat money was indeed the currency of the realm, and fractional reserve-based lending was standard practice (one of the reason why there were so many bank failures). There were even deposit insurance societies in the 1800s, to allow bank depositors to feel good about fractional reserve as a concept.

Just because people don't like the situation doesn't mean the structure of things before was necessarily better.

Tue, 07/06/2010 - 12:57 | 454590 slimfinger
slimfinger's picture

On the comment/criticism by "Noah Vail":  is it not true that the early American banks originally issued notes that were simply promises to pay in the official gold/silver coins of the government (and described by the Constitution)?  Contracts, in essence; IOU's for real money and not for more contracts.

If so, then Noah is wrong (it was not fiat money), and the essay is accurate.

Mon, 07/05/2010 - 07:26 | 452802 quintago
quintago's picture

Given the loss of credibility this post engenders, you might as well take this post down

...on another note, the issue at large we are facing has a lot more to do with the tax policy in this country. Each change of the administration brings one set of tax policies, cuts, increases, etc.

This wishy washy policy of constant change does not play nicely with the policy of the majority of the american populace, which is to spend everything they have, and sometimes more. This exacerbates fiscal crises, puts pressure on the consumer, and raises all sorts of other problems.

Perhaps some of the issues we face are borne out of the FED, and monetary policy, but lets not discount the impact that our fiscal slot machine levers have.

Sun, 07/04/2010 - 22:38 | 452427 ZeroPower
ZeroPower's picture

Happy 4th to the American posters here:)

Sun, 07/04/2010 - 23:01 | 452459 ISEEIT
ISEEIT's picture

Same to you and everyone else. Tyler is a remarkable and great person. He is telling us the worst case, and admitably, most likely scenerio. I believe that we still have the pulse to end this well in the long run.

Short term pain, long term gain.

I know that I am a bit of a simplton on this, but I have faith that will survive.

Sun, 07/04/2010 - 23:22 | 452492 Bent Nail
Bent Nail's picture

As an American, it is a sad day for me. All Americans should read (or re-read) the declaration and contemplate if the 4th should be celebrated or the declaration should be restated.

Mon, 07/05/2010 - 00:04 | 452542 Uncle Remus
Uncle Remus's picture

Interesting - I did a post on my own blog in a similar vein.


Mon, 07/05/2010 - 12:12 | 453096 WaterWings
WaterWings's picture

Especially this part:

That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

"Right" is capitalized for a reason.

Mon, 07/05/2010 - 13:03 | 453158 Uncle Remus
Uncle Remus's picture

Just as "Governments are instituted among Men, deriving their just powers from the consent of the governed" preceeds your bolded section, it too, in my view, be the focus of attention and understanding - right here, right now. Once that is truly understood, it is more likely action will be taken to correct the situation.

Mon, 07/05/2010 - 14:04 | 453228 WaterWings
WaterWings's picture

Agreed. Voting is consent and therefore one of the tools to perpetuate the status quo at this point. The chained, shadow-interpreting slaves are too busy congratulating each other to realize they won't be fed anymore in a short while - and as we all know they lash out if you try hard enough to wake them up. Tired of cuts and scrapes...heading for farmland outside...


Dig your posts - your concise blogroll is dandelion wine. It's truly a CF Nation.

Mon, 07/05/2010 - 14:58 | 453280 Uncle Remus
Uncle Remus's picture

Thank you.

Mon, 07/05/2010 - 20:42 | 453643 chistletoe
chistletoe's picture

Its pretty amusing to quote the high-sounding words of the Declaration of Independence,

as if they had any more validity or truth than CNBC does today ...

but do remember, please, that the only reason

that Tom had the time to write such stuff was

that he had 140 or so african slaves doing the grunt work for him

(and one keeping his sheets warm ...)

Mon, 07/05/2010 - 00:19 | 452587 russki standart
russki standart's picture

Happy Canada Day. BTW, after watching the G20 Toronto Youtube Videos, I feel better knowing that the police in Toronto are even more psycho than the good ol´boys down south. And we used to think that Canadians were polite and well mannered...

Mon, 07/05/2010 - 01:16 | 452660 WeeWilly
WeeWilly's picture

Pretty lame, russki. To single out the south as symptomatic of police abuses is at best uninformed, at the least, ignorant. Rodney King, the '68 Democratic Convention, Diallo, many of the recent abuses we've seen exposed didn't occur down south. Get rid of erroneous prejudices.

Mon, 07/05/2010 - 01:22 | 452664 Bolweevil
Bolweevil's picture

Perhaps he meant south as in south of Canada (U.S.) not dirty south like the ATL or Nawlins or 'Bama.

Mon, 07/05/2010 - 02:25 | 452697 FrankIvy
FrankIvy's picture

Get your head out of your ass WeeWilly - he was referring to the U.S., as in "south" of Canada.

You're not exactly representin' the South well with that, man.

Tue, 07/06/2010 - 01:09 | 453880 WeeWilly
WeeWilly's picture

Lol Frank, thanks for the correction. I guess I'm not used to seeing "good ole boys" used in reference to the Michiganders and New Yorkers. I'll get my head out of my ass now. I suggest maybe you do the same...

Mon, 07/05/2010 - 09:12 | 452889 Treeplanter
Treeplanter's picture

I remember the Native man who was on trial in Williams Lake, BC.  The arresting Mountie was on the jury.  So much for Canadian superiority.  

Mon, 07/05/2010 - 11:22 | 453013 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

When the Mountie voted not guilty I was stunned. I think the arrest and subsequent jury duty was just a ploy to make money. Jury duty is easy money. Mountie shift work sucks. Right and wrong are only concepts in socialist states.

Mon, 07/05/2010 - 20:20 | 453600 DavidPierre
DavidPierre's picture

Re-inserting and revising a post which was junked out here ealier by all the "free speech patriots"  on ZH...DP


This is what is called, in the history biz, a revisionist history. American history, at least as far as the general public knows it, is in desperate need of revision, bringing what is taught and what is said about America's past more in line with the truth.
It is the history that good upstanding Americans are not supposed to know.

Everything here is based on publicly available information and most historians know all about it.

And yet they remain strangely silent, allowing the fantasyland, propagandized version of American history and the fatuous pseudo-patriotic nonsense spewed by politicians and the mass media to stand unchallenged.

1783-1865: UNITED STATES. The U.S. Constitution is approved.

Amongst other things, this fabulous instrument of freedom carries a provision preventing Congress from banning the importation of slaves.

But, most significantly, the authors of the Constitution were very careful to ensure that it validated slavery by means of a so-called "positive" law embedded in Article 4, Section 2:

"No person held to Service or Labour in one State, under the Laws thereof, escaping into another, shall, in Consequence of any Law or Regulation therein, be discharged from such Service or Labour, but shall be delivered up; on Claim of the Party to whom such Service or Labour may be due."

In plain English, there was no escape for slaves in the land of the free and the U.S. Constitution made damned sure of it.

In a magical inversion of reality, U.S. histories repeatedly refer to assemblies, governors and presidents as being elected by “popular” vote.

In truth, however, in the United States, popular votes are strictly verboten. Blacks in the new “democracy” are items of property who cannot vote or hold office.

Indentured whites, are simply slaves of another name and another color and who can not vote or hold office.

Indians, upon whose stolen land the new nation stands, and who were described in the racist Declaration of Independence as “merciless Indian savages”, cannot vote or hold office.

In most states in this brave new homeland of “religious freedom”, Catholics and Jews cannot vote or hold office. Women, regardless of race, creed, color or religion, are chattels who cannot vote or hold office.

White men, even those most sacred of all God's creatures; white, Protestant, non-indentured men, cannot vote or hold office unless they meet a further qualification for membership in the ruling class; they must be very, very rich.

Although it varied from state to state, the property qualification which opened the doors to participation in the new demockracy was as much as $4000, an astronomical sum in the eighteenth century, equal to millions of dollars today.

The right to vote and hold office and all political and economic power in the new demockracy was, of course, held by a tiny handful of what would later come to be known as fascists, a small fraction of one percent of the population, the ultra-wealthy, white, male, Protestant, slave-owning, land speculating, terrorist, thoroughly unscrupulous elite; a self-appointed aristocracy of hypocrisy which looked down in open contempt upon most of their fellow human beings including ordinary Americans of all races.

Depend upon it, sir, it is dangerous to open so fruitful a source of controversy and altercation, as would be opened by attempting to alter the qualifications of voters. There will be no end of it. New claims will arise. Women will demand a vote. Lads from twelve to twenty one will think their rights not enough attended to, and every man, who has not a farthing, will demand an equal voice with any other in all acts of state. It tends to confound and destroy all distinctions, and prostrate all ranks, to one common level. John Adams.

Imagine that, equality in the land of the free!

Can't be havin' none of that.

Those who refused to swear allegiance to the newly installed dictatorship of the ultra-wealthy were denied virtually all civil liberties, were jailed, murdered or forced into exile and their property stolen.

The “three-fifths” clause of the Constitution counted each slave owned as three-fifths of a person for the sake of apportionment of electoral districts although the slaves themselves were not, of course, allowed to vote.

The effect was to give slave-owners a hugely disproportionate share of political power amongst the tiny minority of Americans who had any at all.

The slave-owners had about a third more seats in Congress and a third more electoral votes than they would otherwise have had.

The desire to keep control of the country in the hands of the slave-owners also stood behind the creation of the Electoral College.

Votes in the Electoral College, which “elects” the president, neatly sidestepping direct election, were apportioned using the same three-fifths rule.

Thanks to the three-fifths clause, slave-owners dominated the government of the United States until 1865.

For most of the period, slave-owners occupied the presidency, the chairmanship of the House Ways and Means Committee and the Speaker’s chair. During the same period, eighteen of thirty one justices of the Supreme Court, that great protector of human rights and dignity, were slave-owners.

The much propagandized first president, George Washington, was an elitist snob who considered ordinary Americans no better than cattle.

He called the white citizens of the new country over which he lorded “the grazing multitude”. Washington was a slave owner and a land speculator.

The great freedom lover owned about two hundred and fifty slaves, dressed them in rags, auctioned off their children for yet more cash, of which he could never, apparently, acquire enough, and had them viciously whipped for “disobedience”. Among Washington’s many business "enterprises" was the construction of a canal through the Great Dismal Swamp in the Carolinas. The canal was hand-dug by slaves through steaming, mosquito-infested swamp. The slaves were worked to death in appalling conditions so that Washington, already the wealthiest man in the United States, could grow even richer.

Aside from his desire to maintain slavery, Washington, as a leading land speculator, was particularly anxious to gain control of the government because the British had signed a treaty with the Cherokee Nation and other Indian nations which prevented him stealing their ancestral land for profit.

As President, Washington, in his fervor to steal the maximum possible amount of Indian land, was also a mass murderer of considerable accomplishment; the country's leading early practitioner of the ethnic cleansing of native Americans. According to Washington, native Americans were "wolves and beasts" who deserved nothing from the whites but "total ruin."

The second president, John Adams, had no higher opinion of ordinary white Americans than Washington. They were, he said, the “common herd” and had “no idea of learning, eloquence and genius” and were “locked within vulgar, rustic imaginations”.

Junk away all you Rednecks... deny truth!

Tue, 07/06/2010 - 11:07 | 454256 WaterWings
WaterWings's picture

Great! Thanks, pal! You're really doing us a huge favor! I had no idea that not everyone got a fair shake. What we need is a New World Order! Let the smart Fabian Socialists tell us what is best!

We don't no stinkin' Bill of Rights! We just need everyone to play fair! Come on folks! The one in bold is my most favoritist of all. It's gonna be a bitch to get anywhere close to half a billion people.

  1. Maintain humanity under 500,000,000 in perpetual balance with nature.
  2. Guide reproduction wisely - improving fitness and diversity.
  3. Unite humanity with a living new language.
  4. Rule passion - faith - tradition - and all things with tempered reason.
  5. Protect people and nations with fair laws and just courts.
  6. Let all nations rule internally resolving external disputes in a world court.
  7. Avoid petty laws and useless officials.
  8. Balance personal rights with social duties.
  9. Prize truth - beauty - love - seeking harmony with the infinite.
  10. Be not a cancer on the earth - Leave room for nature - Leave room for nature.

Tue, 07/06/2010 - 11:12 | 454277 WaterWings
WaterWings's picture

They should put 5 and 6 together; kind of redundant; so we can make #6 be: "Let free booze flow to all those that like it."

Shit, man, Jesus made it easy: "Love one another."

These freaks, eh, they can't stand to just leave people alone.

Tue, 07/06/2010 - 20:12 | 455769 nmewn
nmewn's picture

I love it when someone speaks of equality and ends it with;

Junk away all you Rednecks


Tue, 07/06/2010 - 20:38 | 455818 Rebel
Rebel's picture

Is "Redneck" an insult? I did not know that. Perhaps a day is coming when your greatest asset might be friendship with some of the good ol' boys. When the collapse hits, they might not even notice.

Tue, 07/06/2010 - 21:39 | 455901 nmewn
nmewn's picture

"Is "Redneck" an insult?"

I believe, if I have all this PC crap down correctly, that it is in the way it's used and by whom that makes it an insult.

Foxworthy using it talking to rednecks would not be considered an insult, it is a badge of honor. In much the same way as Tupac using the word nigga would not be an insult, it is also a badge of honor.

"Perhaps a day is coming when your greatest asset might be friendship with some of the good ol' boys. When the collapse hits, they might not even notice."

I know a few good ole boys...some of em have gold teeth and some chew tabacky...while a few have both attributes.

When/if the SHTF they'll be the ones making ALL the money selling food to ignorant elitist snobs who invest their time in running them down...LOL.

I would wager they will be very grateful to have "rednecks" around them and act like they're a long lost cousin ;-)

Mon, 07/05/2010 - 02:28 | 452700 FrankIvy
FrankIvy's picture

Jesus dude - your point seems to be that the U.S. fought the revolution to perpetuate slavery rather than some other cause.

Take that long, drawn out blackspiracy somewhere else.

Mon, 07/05/2010 - 03:08 | 452719 George the baby...
George the baby crusher's picture

History is a set of lies agreed upon.  So who really knows.

Mon, 07/05/2010 - 03:33 | 452726 GoldBricker
GoldBricker's picture

The older you get and the more you dig, the more you realized how brainwashed you've been. Even if only a little of that post is true, it puts our heroic founding fantasy into a more plausible light.

Mon, 07/05/2010 - 10:07 | 452950 Snidley Whipsnae
Snidley Whipsnae's picture

I will add two comments to the post above; slaves were the biggest single asset class in America...George Washington was the largest real estate speculator in America.

Facts that can be easily verified.

For a look at real American History along with the economics that drove it read Howard Zinn's 'A People's History of the United States'.'s_History_of_the_United_States

Mon, 07/05/2010 - 03:53 | 452734 RichardP
RichardP's picture

The point of footnotes and a bibliography in academic writing is to extend to the reader the courtesy of not having to trust the author.  The reader could check out the research for himself.

With no references given at all, why should we believe anything you just said?  You don't need to support your opinion, because that belongs to you.  But truth belongs to all of us, and it needs to be supported with links to your research.


Mon, 07/05/2010 - 04:19 | 452740 Temporalist
Temporalist's picture

"When the American Revolution began in 1775, all but 25,000 of the 500,000 African Americans in British North America were enslaved. Many were inspired by American proclamations of freedom, and both slaves and free blacks stood against the British. The black minutemen at the Battle of Lexington in 1775 were Pompy of Braintree, Prince of Brookline, Cato Wood of Arlington, and Peter Salem, the slave of the Belknaps of Framingham, freed in order that he might serve in the Massachusetts militia. Prince Estabrook, a slave in Lexington, was listed among those wounded in this first battle of the war. African Americans also served in the Battle of Bunker Hill, where former slave Salem Poor received official commendation as "a brave and gallant soldier."

At first General George Washington refused to recruit black troops. It was the British who made the first move to enlist blacks. In November 1775 Lord Dunmore, the British colonial governor of Virginia, issued a proclamation that all slaves belonging to rebels would be received into the British forces and freed for their services. Tens of thousands of slaves escaped from Southern plantations, and over a thousand fought for the British. Tye, "a Negro who [bore] the title of colonel" led one interracial guerilla band in New Jersey. In the South, such bands, called banditti, burned and looted plantations, stole horses, and liberated slaves, some of whom became British soldiers. The demands of war eventually changed Washington's mind, and he began to recruit black soldiers. Before the war was over, more than 5000 African Americans from every state except Georgia and South Carolina served in the Revolutionary army. Slaves, many serving in their owner's place, were promised freedom in return for their service. There were several black regiments like the Rhode Island Regiment and Massachusetts' "Bucks of America," but most African Americans served in integrated units, the last integrated American army units until the Korean War in the 1950s. Thus, African Americans in search of freedom from slavery served on both sides during the Revolution. As a result of the Revolution, the population of free blacks in the United States increased-from about 25,000 in 1776 to nearly 60,000 when the first federal census was conducted in 1790."

Mon, 07/05/2010 - 07:24 | 452804 BennyBoy
Mon, 07/05/2010 - 14:08 | 453239 Ripped Chunk
Ripped Chunk's picture

+1  Score!

Mon, 07/05/2010 - 08:12 | 452834 overmedicatedun...
overmedicatedundersexed's picture

Were it possible to view history thru the eyes of those who lived it, with the common understandings of THAT TIME, we could better come to see how great the beginnings of America truly where..We too quickly judge behavior based on current common understanding and standards.( Those very common shared values having grown from those seeds planted long ago ). To  ignore or in some cases vilify the achievements of those working in the  zeitgeist of less enlightened time, seems to me callow and dishonest.

Mon, 07/05/2010 - 10:14 | 452958 Snidley Whipsnae
Snidley Whipsnae's picture

The one thing that has not changed through out the ages is human nature.

Knowing that fact, what makes you certain that the founding fathers principels were superior to those of the vampire squid of today?

Mon, 07/05/2010 - 09:52 | 452936 pan-the-ist
pan-the-ist's picture

References please.

(Uncovering the 'true' history of the USA is great, unless it's a lie.)

Mon, 07/05/2010 - 11:56 | 453068 Mactheknife
Mactheknife's picture

Have you ever wondered what happened to the 56 men who signed the Declaration of Independence?

Five signers were captured by the British as traitors, and tortured before they died. Twelve had their homes ransacked and burned. Two Lost their sons in the revolutionary army, another had two sons captured. Nine of the 56 fought and died from wounds or hardships of the revolutionary war.

They signed and they pledged their lives, their fortunes, and their sacred honor.

What kind of men were they? Twenty-four were lawyers and jurists.Eleven were merchants, nine were farmers and large plantation owners, men of means, well educated. But they signed the Declaration of Independence knowing full well that the penalty wouldbe death if they were captured.

Carter Braxton of Virginia, a wealthy planter and trader, saw his ships swept from the seas by the British Navy. He sold his home and properties to pay his debts, and died in rags.

Thomas McKeam was so hounded by the British that he was forced to move his family almost constantly. He served in the Congress Without pay, and his family was kept in hiding. His possessions were taken from him, and poverty was his reward.

Vandals or soldiers or both, looted the properties of Ellery, Clymer, Hall, Walton, Gwinnett, Heyward, Ruttledge, and Middleton.

At the battle of Yorktown, Thomas Nelson Jr., noted that the British General Cornwallis had taken over the Nelson home for his headquarters. The owner quietly urged General George Washington to open fire. The home was destroyed, and Nelson died bankrupt.

Francis Lewis had his home and properties destroyed. The enemy jailed his wife, and she died within a few months.

John Hart was driven from his wife's bedside as she was dying.Their 13 children fled for their lives. His fields and his grist mill were laid to waste. For more than a year he lived in forests and caves, returning home to find his wife dead and his children vanished. A few weeks later he died from exhaustion and a broken heart. Norris and Livingston suffered similar fates.

Such were the stories and sacrifices of the American Revolution.These were not wild eyed, rabble-rousing ruffians. They were soft-spoken men of means and education. They had security, but they valued liberty more. Standing tall, straight, and unwavering, they pledged: "For the support of this declaration, with firm reliance on the protection of the divine providence, we mutually pledge to each other, our lives, our fortunes, and our sacred honor."
Mon, 07/05/2010 - 12:34 | 453121 Cursive
Cursive's picture


Thanks for this reminder of that freedom is not free.  We have been riding the coattails of these brave men and the brave men and women of our armed services (though a cessation of the Iraqi and Afgan conflicts would strenghten our democracy).  I read this a thought, "Will I be worthy if/when my number is called?"  I can hear the alarm bells ringing....

Mon, 07/05/2010 - 13:02 | 453156 RabidLemming
RabidLemming's picture

thank you....

don't worry one trip to walmart will make the rest of you forget what the founders did and why.

Mon, 07/05/2010 - 11:39 | 453046 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

Slavery is still in use today in Africa. Africans own other Africans right now as I type. I have never understood why slavery is only evil in America. While native born Africans and not colonial native born Africans still accept, profit, and do nothing for there brothers, the USA is singled out for it. Once Rev's Jackson and Sharpton free current slaves in Africa I will believe they are motivated on moral grounds and not monetary gain. Until that day, I have no responsibility for the sins of others. Any person or group that attacks the past, while doing nothing for others currently in chains, can f**k off.

Mon, 07/05/2010 - 11:56 | 453069 BrosMacManus
BrosMacManus's picture

True dat. The intellectual superiority of ZH'ers is gettin' laid on thick today...Those that denigrate the truly awe inspiring courage of the founders makes me wonder if their agenda is nothing less than a full reset of humanity and all that engenders.

Mon, 07/05/2010 - 20:09 | 453603 Diogenes
Diogenes's picture

"Between 1861 and 1865 America paid in blood and treasure, for what was  taken from African slaves"

I don't remember where this quote comes from but it was a book written by a Southerner after the war between the states.

Mon, 07/05/2010 - 09:03 | 452883 bigkahuna
bigkahuna's picture

Thanks ZP--hopefully we can live up to the ideals of personal freedom that this 4th of July celebration is supposed to be about. You guys up north of the border take care and guard your freedoms. It is open season on them down here.

Mon, 07/05/2010 - 12:10 | 453094 BrosMacManus
BrosMacManus's picture

Freedoms up there? Sure, to a degree, but methinks the open season down here is to bring us closer to what they have up there .

In Canada, their Human Rights Act is a tool Alberta uses to level the playing field, selectively ("...likely to expose a person to hatred or contempt."). Viva la 1st Amendment.



Sun, 07/04/2010 - 22:41 | 452430 Cistercian
Cistercian's picture

 Gold and silver...and reprice commodities accordingly.

Sun, 07/04/2010 - 23:34 | 452515 Bob Sponge
Bob Sponge's picture

That would make sense, but I fear the kleptocracy's solution for the crashed financial system will be a one-world currency and a one-world central bank. That would significantly increase their power. "Never waste a crisis", especially a crisis of this magnitude.

Sun, 07/04/2010 - 23:39 | 452522 Cistercian
Cistercian's picture

So much power is so few hands...a world war would be required first so it would be accepted by the masses.At least that's my take.You are right, no crisis goes to waste!

Sun, 07/04/2010 - 23:51 | 452536 Bob Sponge
Bob Sponge's picture

Perhaps unprecedented misery and starvation around the world due to the collapsed fiat financial system would be enough for world leaders (who would be part of the power elite or be paid off very well) and masses to accept a one-world currency.

Mon, 07/05/2010 - 01:57 | 452690 Cistercian
Cistercian's picture

One way or another, they are going to try.I hope there is enough good left to stop them.Which brings up the salient point that we should ditch the Fed now...before it is too late.

Sun, 07/04/2010 - 22:42 | 452431 technovelist
technovelist's picture

There is no need for the money supply to be "flexible". A limited amount of money will work fine; prices will fall to accommodate increased production as investment increases productivity. The reason that gold is good for use as money is precisely because its quantity is limited.

Sun, 07/04/2010 - 23:29 | 452503 Mactheknife
Mactheknife's picture

Think about this-for a hundred years before the Fed Reserve, the price of a loaf of bread basically stayed the same.

Mon, 07/05/2010 - 09:58 | 452940 pan-the-ist
pan-the-ist's picture

3 loafs of bread = 1 chicken?

That's close to what it is today.

Mon, 07/05/2010 - 05:29 | 452771 Oh regional Indian
Oh regional Indian's picture

Tech, I think it is important to make the fine distinction between Store of Wealth and Use as Money.



Sun, 07/04/2010 - 22:45 | 452434 Privatus
Privatus's picture

On the optimal quantity of money:

Sun, 07/04/2010 - 22:45 | 452435 bruiserND
bruiserND's picture

NRA comes out against Kagan - Washington Times       " Freedom is not a gift bestowed upon us by other men, but a right that belongs to us by the laws of God and Nature " Benjamin Franklin
2nd Amendment - Dr. Suzanna Gratia-Hupp testimony
Mon, 07/05/2010 - 10:00 | 452943 pan-the-ist
pan-the-ist's picture

Good god Bruiser, the 2nd Amendment debate is OVER.  Go back to sleep.

Mon, 07/05/2010 - 12:20 | 453104 BrosMacManus
BrosMacManus's picture

No, it's not.

Sun, 07/04/2010 - 23:12 | 452436 Mercury
Mercury's picture

Kickin' it old school this 'n rum 'n whatnot....Ba-BAM!


Police, Fire, trash collection, snowplowing and fireworks.

Now that's the kind of government I can get behind!

MAY THE SPIRIT (ok, if nothing else) NEVER DIE !!

The SONS OF LIBERTy!1!!   Hoooo-=Raaaahhhh!!

[transmitted from my kerosene powered PC/slapdash WiFi Sat./pirate God-knows-what-connection]   ...mermaids ahooooyyyy.......  !

Sun, 07/04/2010 - 23:15 | 452478 Dr. Sandi
Dr. Sandi's picture

Yo, Merc.

I think I want to be your friend. I'll trade you some real bacon bits for some kerosene.


Mon, 07/05/2010 - 01:35 | 452674 DavidPierre
DavidPierre's picture

Ordinary colonists were forced to join the Revolution by a campaign of systematic terror carried out largely by the so-called Sons of Liberty.

Those who did not wish to fight for the profits and power of the slave-owners and land speculators were harassed, jailed, tortured and murdered; their land stolen, their houses, farms, businesses and ships burned or otherwise destroyed by “patriots”.

Males who could not escape were forced into the Revolutionary armies, except for the wealthy who could, as always, buy their way out of the draft or buy slaves to take their place...

the Texas Air National Guard having not yet been created.

 Hundreds of thousands of people of all ethnic and racial groups, more than half the population in some areas, fled the flag-waving terrorists to Canada, the Bahamas, Bermuda and other sanctuaries.

Lies and propaganda, fabricated stories of outrages and massacres, much of it invented and spread by slave-owner Sam Adams, the largely mythical “Boston Massacre” being the most notorious and ludicrous example, were used to manipulate public opinion and build support for the war.

The "republican" “patriots” allied themselves with King Louis XIV of France, whose armies and navy were largely responsible for the military success of the Revolution as part of a world-wide war against Britain. France also provided cash and arms to the "patriots" to carry on their war against Britain.

In spite of the ringing words of the Declaration, “Governments are instituted among Men, deriving their just powers from the consent of the governed” and the oft-quoted propaganda slogan “no taxation without representation”, the instigators of the Revolution, the slave-owning and land-speculating ruling class, had no intention of allowing the people of the United States, white, black, "red" or otherwise, to give or withhold their consent to anything. "Representation" was for no one but the members of their own, very wealthy, very exclusive and very tiny clique of hypocrites, the American ruling class. The Boston Tea Party: valiant patriots chuck English tea into Boston Harbor to protest against unfair taxation. Well……maybe not. The Thirteen Colonies’ biggest smuggler, John Hancock, who ran a huge criminal enterprise which earned him the equivalent of millions of dollars a year in today’s money, had organized a boycott of tea from China sold by the British East India Company. By amazing coincidence, this created a huge and ready market for his own smuggled tea. By 1773, the East India Company had accumulated large stocks of unsold tea in its warehouses because it could not compete with Hancock and other smugglers. The British government then passed the Tea Act, which allowed the East India Company to sell tea to the colonies directly without payment of British tax or duty. The East India Company could then sell tea at prices lower than the smugglers.

Yes, you read that right folks……the Boston Tea Party was a protest against the British government REMOVING the tax on tea. Now why on Earth would anyone want to protest the removal of a tax resulting a cheaper product? Well, if you’re a big-time smuggler who makes a fortune selling smuggled tea, you might be a little upset at the prospect of having one part of your criminal empire collapse overnight. And, if you’re a good buddy of Sam Adams, master propagandist and guiding hand of the so-called Sons of Liberty, it’s not too hard to organize a little wanton desruction. First though, you get Sam and the boys to terrorize the agents and consignees of the East India Company with attacks on their businesses and homes. Then, the Sons of Liberty, disguised as Indians and armed with hatchets and clubs, board three ships in Boston Harbor and destroy about 100,000 pounds of tea by throwing it into the harbor. All this to protest the REMOVAL of a tax.

Mon, 07/05/2010 - 03:39 | 452729 GoldBricker
GoldBricker's picture

Thanks, David.

I've never heard this stuff before and will check it out. You give enough factual assertions to make this easy, but as non-conformist historical accounts are like needles in a haystack, can you cite any web sources or in-print books?

Mon, 07/05/2010 - 09:58 | 452939 New_Meat
New_Meat's picture

Try anything by Kenneth Roberts (Down East Books reprint them).

Oliver Wistwell is the closest to this point of view, but historically correct vs. nonsense above.

- Ned

Mon, 07/05/2010 - 12:26 | 453110 BrosMacManus
BrosMacManus's picture

Agreed. 3 percent were Sons of Liberty, with the rest split about equally between crown loyalists and tacit supporters/neutral. We have debauched the sacrifices of our forefathers, a perfect example being the above drivel.

Mon, 07/05/2010 - 14:13 | 453244 Ripped Chunk
Ripped Chunk's picture


2 or 3 other "revolutions" brought about by small percentages of rabid "revolutionaries".  What were those 2 again? Hmmm 1917 & 1921......then in 1936 wasn't it?   I better check my history books again.

Mon, 07/05/2010 - 04:01 | 452735 RichardP
RichardP's picture

The point of footnotes and a bibliography in academic writing is to extend to the reader the courtesy of not having to trust the author.  The reader could check out the research for himself.

With no references given at all, why should we believe anything you just said?  You don't need to support your opinion, because that belongs to you.  But truth belongs to all of us, and it needs to be supported with links to your research.

Mon, 07/05/2010 - 04:30 | 452746 GoldBricker
GoldBricker's picture

Some of us know how to do research on the web; why lard up a post with links?

Mon, 07/05/2010 - 06:13 | 452786 RichardP
RichardP's picture

For the same reason that you asked for links in your post directly above mine.  I did not see that request before I posted.  Had I seen it, I would not have posted my comments.  Now I cannot delete them because you responded to my post.

I stand by my comments however.  Opinion does not need to backed up with sources.  But information of the sort that David is presenting is new material to many folks and needs to be sourced out of politeness.  Otherwise, for all we know he is just blowing smoke to rile up the folks.


Mon, 07/05/2010 - 08:47 | 452869 nmewn
nmewn's picture

I'm sittin here laughing my ass off.

This is really David & Goliath type stuff.

The poor poor British East India Company (the Goldman Sach's of it's day tied inextricably to the British Empire and their formidable firepower) was in competition with John Hancock!?!? 

Where's my crying towel...LOL.

I love how people can come and discuss the past through the prism of TODAYS morals and values.

Let's take David Pierre at face value (without any benefit of links as well) he starts off his rant with the question of bondage, then comes full circle to, apparently defend, a truly State Sponsered CRIMINAL Enterprise (the British East India Company) dumping their warehoused tea on the American market.

And he calls Hancock a criminal?!?! Criminal to the law of the King of England perhaps, who fields an army and navy to oppress and enforce HIS wishes on people around the globe and then have the East India Company roll through and set up shop.

Pretty neat trick...but David doesn't quite pull it off.


Mon, 07/05/2010 - 13:32 | 453197 Sabremesh
Sabremesh's picture

David Pierre's comment clearly makes you feel uncomfortable because you are not willing to consider that your idealised, high-school view of the American Revolution is hopelessly rose-tinted. The truth: the Revolution was a brutal civil uprising opposed by millions of Americans, many of whom were terrorized and forced to leave their homes. Is it so hard for you to believe that some of the more famous sons of the revolution (who, as victors, wrote the history) may have been opportunists and racketeers? You think political leaders then were any different from today's shower?

Mon, 07/05/2010 - 13:59 | 453230 nmewn
nmewn's picture

David Pierre's comment is bullshit and so is yours.

"The truth: the Revolution was a brutal civil uprising opposed by millions of Americans, many of whom were terrorized and forced to leave their homes."

The population of America back then was 1.5 million as far as I can tell. Would you dispute this? What "opposed by millions of American's" are you talking about?

No more than 20% of the 1.5M were considered Loyalists. Would you dispute this?

Buy YOURSELF some rose colored glasses, research the British East India Company, research the quartering of British troops in American families homes uninvited and get back to me.




Mon, 07/05/2010 - 20:22 | 453624 Diogenes
Diogenes's picture

I live in southern Ontario Canada. Around here the old settlers, the equivalent of 49ers in California or Mayflower descendents in Boston, are the United Empire Loyalists.


They were refugees from the American Revolution who came here by the thousands when it was a wilderness to escape the oppression of the Revolutionary War. The story that the Revolution was NOT supported by every American, and that the factional fighting between American and American was more vicious than anything between American and British, is perfectly true.

We have been welcoming refugees from America ever since.

I give this information not to start a flame war but just to point out that you don't learn everything in school and sometimes there is another side to the story.

Tue, 07/06/2010 - 19:44 | 455727 nmewn
nmewn's picture


Thanks for the thoughtful is/was not my desire to start a flame war either.

My point all along has been the taking of the "idea" of individual freedom to the next level. Yes there was the Magna Carta but the "idea" needed to bloom further. THE MOST forceful point I'm making is David Pierre is attempting to view the PAST through the prism of today and has clearly not read the Federalist Papers to gain insight as to what that idea is.

Were some of the Son's less than saints? Of course. Every saint I know of is dead however, not much good to the here and now in a material sense. We all aspire to be better though, do we not? Franklin was a scoundrel, but loveable. One of his best friends was Voltaire, niether a saint or a Son either. TJ remains my personal favorite non-saint...LOL.

It is the idea that government alone isn't privelaged to do as it pleases without the consent of the governed. Re-read my very first post on the subject re: BEIC and Goldman for my analogy...the same was made by others on this thread.

As for the "kings men" running for Canada, there is nothing remarkable in that in my view. What had they done to be afraid is the next logical question, correct? Did they perhaps narc out a patriot? Perhaps the patriot was then arrested, tortured for information, then executed and his home burned to the ground leaving his wife and children destitute.

Would this change your view of a Loyalist fleeing to Canada?

David Pierre and his supporters are silent on this, just as everything I have said has not been challenged. I was treated to bogus population figures. I was treated to "yeah, well, but, Tommy did too" type of nonsense. Just in time for Independence Day...LOL. Agenda anyone?

The war for Independence came first.

The Constitution came later. It took four long years of wrangling among those who just risked everything (and survived) fighting the largest EMPIRE of the time to come up with a document ALL could agree with and they knew the British would refit and attack again.

And they did.

Should we have had disparate interests, that is, the individual states, who could be bought off individually, by the Empire, leaving the rest to fend for themselves in the search for some pristine perfection? In my opinion it was as perfect, for the times, as it was going to get.

Slaves were considered property at that time in the past. This seems to be David's biggest bugaboo.

I would like to know what he proposes to do different, with his benefit of retrospective criticism he can surely tell us what was to be done then, at that time, that the founders could not figure out in four years of debate.

It should be easy for an intellect such as David's as he has given it so much thought and weight ;-)








Mon, 07/05/2010 - 16:08 | 453373 GoldBricker
GoldBricker's picture

Your point is well taken, of course. It reminds me of Walter Benjamin's Theses on the Philosophy of History, where he says that if we are to understand the past, we must imagine ourselves in that past, that is, not knowing what was to come after.

My point is rather about the myth of America versus a more balanced report of the past. That endures today and conveys to many the impression that if the US does something, it must be good.

Mon, 07/05/2010 - 07:30 | 452806 BennyBoy
BennyBoy's picture

Here's where he grabbed it. I found it in less than 30 seconds.

Mon, 07/05/2010 - 09:39 | 452841 Mercury
Mercury's picture

Well I'm a son of liberty and I haven't tortured anyone.

Tea Act  - May 10, 1773

Boston Tea Party December 16, 1773

The Tea Act was an attempt (midwifed by British parliament lobbyists) to salvage the near bankrupt business of the ailing mega-corp East India Company with a government granted monopoly - sound familiar?

EI tea arriving in New York and Philly was sent back to London and was seized in Charleston.

Boston was the only city where colonists were not able to force the consignees (those able to sell EI tea) to resign.

The East India Company was the Vampire Squid of it's day.  The same year, in another attempt to support their flagging tea business, they created an opium monopoly (and a subsequent, crippling drug epidemic) for themselves in China. Charming.

Sticking it in their eye by actions like the Boston Tea Party had wide popular support.

Mon, 07/05/2010 - 10:17 | 452961 nmewn
nmewn's picture

I'm a Son also, and it's been at least an hour since I did...see above.

We are thinking exactly the same here. I've always had a problem with novice or professional historians who attempt to rewrite history through the eyes of today.

It's really an incredible thing to watch.

When you question their past promotion of eugenics at major universities they look at you as if you have a third they are quite sure and all knowing on such matters of class/race/fairness and tolerance. When you question them about Pappa Kennedy's bootlegging days a collective gasp goes up amongst them. When you ask how could a Kennedy or a Keynes even consider being seated in the same room with a Fascist let alone admire their "policies" they begin to babble incoherently about "efficiencies".

Very telling.


Mon, 07/05/2010 - 08:46 | 452868 Instant Karma
Instant Karma's picture

After reading this I can be assured of having no appetite for at least another hour.

Mon, 07/05/2010 - 20:14 | 453609 Diogenes
Diogenes's picture

And Americans have been making tea this way ever since.

Sun, 07/04/2010 - 22:48 | 452437 MarketTruth
MarketTruth's picture

FYI: Not much celebrating here as many towns are not having fireworks due to lack of funds. Even my neighbors... virtually nothing.

So happy 4th... for whatever it is worth (about 4% of what the dollar once was). At the end of the day due to such high taxation, many Americans can only hope they have some change in their pocket.

Sun, 07/04/2010 - 23:34 | 452514 nmewn
nmewn's picture

I'm sittin here lookin at the biggest blister on my hand (fireworks) since I was a child...LOL...and I just got done grillin T-Bones...and I'm going to savor every last morsel.

I'm American...government's come and go...f'em.

Yeah the "government sponsered" fireworks is what it is...and a GOOD SIGN.

I cooked an extra for my lunch tomorrow...mmm...mmm...mmm ;-)



Mon, 07/05/2010 - 01:13 | 452654 tmosley
tmosley's picture

A surprisingly large amount of fireworks around here.  Seems like multiple people on my block, and the ones surrounding spend multiple hundreds or thousands of dollars on fireworks.  They started at nightfall, and they are still going (though they seem to have exhausted their supply of "big, loud ones". 

I never could see the point.  Seems like a waste of money to me.

Mon, 07/05/2010 - 09:25 | 452907 Treeplanter
Treeplanter's picture

Fireworks are most fun when you set them off yourself.  Even a cheap Roman candle or bottle rocket you send up is a bigger kick than the pros' big display.  That's ten times more for kids.   The old sarge used to take us out the perimeter road of Fort Sill to celebrate the 4th with a bigger splash than was prudent in the back yard.  The MPs could pretend the fireworks came from the civilian side and the county sheriff could pretend it was on the post.  

Sun, 07/04/2010 - 22:48 | 452439 robobbob
robobbob's picture

Many people, for many years have been saying this, and were all promptly labeled as crazies.

Though more and more people are coming to accept this notion, time is getting short.

Will time run out before a critical mass is reached to fix this? Or will we willingly put on the slave chains to shore up a corrupt system?

Sun, 07/04/2010 - 23:23 | 452493 RockyRacoon
RockyRacoon's picture

Speaking of "crazies": Next thing you know Dr. Paul will be mainstream. 

Time will tell, and I'll be waiting.

Sun, 07/04/2010 - 23:27 | 452502 Rebel
Rebel's picture

The intriguing question is the question of timing. As I mentioned in an earlier comment, I can remember as a kid Nixon taking us off the gold standard, and my dad being utterly convinced the collapse was imminent. In the early 90's I read a book by Larry Burkett, The Coming Economic Earthquake, which created a very credible case for eminent collapse. Again today, we can be convinced of an imminent collapse. I think an analytic person can very easily see that a collapse is all but inevitable, but the timing question is what gets me. No matter how imminent the collapse appears, the ponzi seems to be able to continue. I read posts here where people go so far as to suggest, "next week is the week", many times with good reason.

The question I keep asking myself, is how long can it continue?

Sun, 07/04/2010 - 23:56 | 452540 Apostate
Apostate's picture

The ponzi continued because women were coralled into the workforce. We also experienced a massive technological revolution in the 80s and 90s. There's nothing comparable on the horizon.

Even putting teenagers to work would be insufficient at this point. 

Mon, 07/05/2010 - 12:20 | 453105 WaterWings
WaterWings's picture

Fiat at the end of a rope and nowhere to go except devaluation and/or default.

Mon, 07/05/2010 - 00:07 | 452561 Mactheknife
Mactheknife's picture

Ahhh, the 64 trillion dollar question. I remember all of those times too. The fact that an economic collapse didn't happen apparently emboldened political leaders through the years to continue their flagrant policies. History has shown us that there is a tipping point that is completely related to debt levels. Usually as a percent of GDP. After WWII it was higher than now but the circumstances related to unfunded liabilities was much different. As we have seen in Europe, if governments won't change their ways, the all powerful bond market will do it for them. We are getting nearer to that point every day. We recently have just been very lucky in that bond holders in Europe have been buying here along with a clandestine Fed intervention that our bond market has held up. When the bond market says "tilt" it truly will be game over, this time. Bush & Co. drove the bus right up to the edge of the cliff and now Obama & Co. are determined to drive it right over. I'll say it again, we can fix this. However, there will be a time when it is truly too late.

A lot of people are so pissed that a mind set of "let er rip" has set in. When the world won't sell us oil in dollars and there is no gas or tightly rationed, when there is no food in the stores and armed gangs are roving the streets, well sorry, but we just can't let that happen.

Mon, 07/05/2010 - 00:13 | 452573 King_of_simpletons
King_of_simpletons's picture

64 Trillion is not that big a number anymore. The total liabilities of the USA is near 64 trillion. Shall we start using quadrillion or quintillion from now on as the fantasy number....

Mon, 07/05/2010 - 13:52 | 453221 FEDbuster
FEDbuster's picture

Kinda like Zimbabwe.

We can keep it going as long as we have the reserve currency.  Once the world cuts up our American Express Black card, we will have to get back to work again.  The entitlement/debt fantasy will collapse, and we will work hard and survive the painful adjustment.  It won't be the "fundamental change" Obama supporters were looking for.

Mon, 07/05/2010 - 00:09 | 452567 Gully Foyle
Gully Foyle's picture


I see it differently. People like stasis, nice quiet predictable day to day lives. We just are not good with change.
Once change does start to happen all the fear rises to the surface. Like some horror movie people act all crazy and start perceiving the worst.
Really ever watch the Twilight zone The Monsters Are Due on Maple Street?
"The episode begins in late summer; Maple Street is full of playing children and adults talking. A shadow passes overhead and a loud roar is heard, accompanied by a flash of light. Later, after it has gone dark, the residents of Maple Street find that their machines no longer work, and there is no power. They gather together in the street to discuss the matter. One of them, Pete Van Horn, volunteers to walk out of the neighborhood to discover the extent of the problem.

Another resident, Steve Brand, wants to go into town but Tommy, a boy from the neighborhood, tells him not to. Tommy had read in his comic/action hero books that an alien invasion is taking place, and that Steve will not be allowed to leave. Furthermore - as part of this invasion - the aliens have insidiously placed within the neighborhood a family that appears human. The power outage is meant to isolate and contain the neighborhood.

Meanwhile, another resident, Les Goodman, tries unsuccessfully to start his car. He gets out and begins to walk back towards the other residents when the car starts all by itself. The bizarre behavior of his car makes Les the object of immediate suspicion. One woman begins to discuss his late nights spent standing in the garden looking up at the sky. Les claims to be an insomniac. Later that night, Steve tries to defuse the situation and prevent it from becoming a witch-hunt. Charlie, one of the loudest and most aggressive residents, pressures Steve about his hobby building a radio that no one has ever seen. Suspicion falls on Steve when he sarcastically remarks that he talks to monsters from outer space on his radio. Steve remarks to the neighbors "You're standing out here all set to crucify someone! You're all set to find a scapegoat! You're all desperate to point some kind of a finger at a neighbor! Well, believe me, the only thing that will happen is that we're going to eat each other up alive!"

The panic builds when a shadowy figure is seen walking towards them. Charlie, caught in the panic, grabs a shotgun and shoots the shadow, thinking it to be the alleged monster. When the crowd reaches the fallen figure, they realize that it is Pete Van Horn returning from his scouting mission.

Suddenly the lights in Charlie's house come on and he panics as the crowd begins accusing him of being both a murderer and the monster responsible for the power being out. He makes a run for his house while the other residents chase after him, throwing stones. Terrified, Charlie attempts to deflect suspicion onto Tommy, the boy who originally brought up the idea of alien infiltration. Lights begin flashing on and off in houses throughout the neighborhood; lawn mowers and cars start up for no apparent reason. The mob becomes hysterical, with terrified residents smashing windows, and taking up weapons, devolving into an all out riot.

The film cuts to a nearby hilltop, where it is revealed that the mysterious "meteor" that had flown overhead is indeed an alien spaceship. Its inhabitants, two alien observers, are watching the riot on Maple Street while using a device to manipulate the neighborhood's power. They comment on how easy it was to create paranoia and panic, concluding that the easiest way to conquer the Earth is to let the people of the Earth destroy themselves.

The tools of conquest do not necessarily come with bombs and explosions and fallout. There are weapons that are simply thoughts, attitudes, prejudices, to be found only in the minds of men. For the record, prejudices can kill, and suspicion can destroy, and the thoughtless, frightened search for a scapegoat has a fallout all of its own: for the children, and the children yet unborn. And the pity of it is that these things cannot be confined to the Twilight Zone"

Once the shit passes, once the Chicken Little's learn the sky isn't falling, life goes on.
To be clear bad shit happens all over the world daily. Just read the news.
But we tend to be insulated from that. We have been successful. We have food, medicine, and relatively decent lives.
Unless you are poor. But the poor have known this all along.
Much like the drug war no one gave a fuck until it hit the white middle class neighborhoods then the screaming began.
Every day I comm here and read news directly from the National Enquirer of the eighties. Every day some fuck is whining about the imminent end of the world, about selling his children to buy Gold and how is gun packs a bigger punch than his dick.
Every day some one is mongering fear.
Cool if you are an idiot and choose to be manipulated. Isn't that how government and religion work? Playing on our unreasoned fears?
Along with this daily does of scare, is the same old bitch. These people can't be trusted, what fucking assholes economists are, yadda yadda. So why listen? Why watch this or that channel? Why play a fixed market?
Because people are happier bitching than changing. It is so much easier to piss and moan that actually do something.
Even the "change" offered here is stale and tired. Write your fucking politicians, that works.
Right now, right this fucking instance take a good hard look around you. Look at your computer, look at your tv, look at your dog, look at your kids, look at your mate.
This is it, this goddamned second. No one knows what happens the next second.
Anyone read the story about the guy who hiked with his gf up a mountain so he could propose? She was struck by LIGHTENING!
Right until the point she was hit he was fucking happy. That was all he had those minutes talking, laughing.
Live in the fucking moment people. Enjoy the here and now.
Be here now.

Mon, 07/05/2010 - 06:24 | 452789 Grappa
Grappa's picture


Mon, 07/05/2010 - 09:30 | 452916 Temporalist
Temporalist's picture

All tyranny needs to gain a foothold is for people of good conscience to remain silent.
Thomas Jefferson

If it were up to you the Inquisition would have been the end of scientific inquiry and slavery would be legal.  Stick your head between your legs and suffocate on your own bullshit.

Mon, 07/05/2010 - 10:54 | 452990 NotAlwaysSo
NotAlwaysSo's picture

Excellent post Gully, the here and now is truly all we have, and most future risk assessment is seriously flawed to say the least. Few listen to the Taleb's of this world, or the Shunryu Suzuki's.

Mon, 07/05/2010 - 11:12 | 453003 Lndmvr
Lndmvr's picture

See the movie " Panic in the year Zero" Take out atomic bombs and insert financial crisis, and it's a good primer for what's to come.

Sun, 07/04/2010 - 22:50 | 452445 reckoning
reckoning's picture

"If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."  - thomas jefferson


this problem was created on december 24, 1913 by president woodrow wilson in a move he later publicly regretted... now we all regret it!..


since that time the american people have paid interest on the issuance of their currency from its inception... its magical birth at the US federal reserve bank... the interest paid to the PRIVATELY OWNED US federal reserve bank (the largest use of our tax dollars by far) is, and has been for decades, the largest transfer of wealth ever undertaken... it makes the billions of dollars paid to the middle eastern countries for oil each year look like chump change...


the truest patriot of the last century, john f kennedy, in july of 1963 attempted to abolish the US federal reserve note and replace it with a US government note with a fixed value and free of interest due... 5 months later he was dead...

the IRS and the collection of taxes from the american people would be wholly unnecessary if the issuance of our currency were returned to the hands of the US congress (fuk!... that thought is pretty scary as well!) as is laid out in the US constitution..

on this independence day we should really consider a timely replay of the american revolution... and declare, demand, our independence from the US federal reserve bank and its imposition of debt servitude upon the american people...


Sun, 07/04/2010 - 23:50 | 452531 hedgeless_horseman
hedgeless_horseman's picture

I like to to ask people what a note is, in a financial sense.  They usually understand it is a loan.  I briefly review that all loans have a borrower and a lender, usually an interest rate, term, collateral, and occasionally a guarantor.  Then I have the person read aloud the top of a dollar bill, where it states, "Federal Reserve Note."  I ask them to please tell me who and what are the borrower, lender, interest rate, term, collateral, and guarantor for the dollar bill.  It always makes for an interesting conversation, and I have never, in more than 25 discussuions, including around 10 with commercial bankers, had anyone know the answers.  Strange days we live in.

Mon, 07/05/2010 - 00:13 | 452572 Mactheknife
Mactheknife's picture

Now days, a FRN is not much different than a stock. A piece of paper backed by the full faith and credit of NOTHING.

Mon, 07/05/2010 - 00:17 | 452582 reckoning
reckoning's picture

their anonymity and the general lack of understanding of the true nature of the financial agreement between the privately owned US federal reserve bank and the US government is their greatest weapon... even if the american people somehow bravely free themselves from the grips of greed and fraud, it would not be long until ben's bosses bought their way back in (mostly through campaign finance) while the sheeple were distracted by "dancing with the stars"


strange days indeed...

Mon, 07/05/2010 - 08:54 | 452874 Instant Karma
Instant Karma's picture

Excellent question. I enjoy catching people off guard by referring to cash as "government issued pieces of paper." Just convenient mediums of exchange. I saw a "How It's Made" show on TV, and Australian currency is recycled plastic, and waterproof. Very colorful and full of anti-counterfeiting technology. Those folks know how to live. Tangent.

Mon, 07/05/2010 - 07:31 | 452807 RabidLemming
RabidLemming's picture

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." -Woodrow Wilson, after signing the Federal Reserve into existence


if you think your payment to the IRS goes to the US treasury look again... it goes to the PRIVATE Ferderal Reserve Bank



Sun, 07/04/2010 - 22:50 | 452446 Hulk
Hulk's picture

"On Why America's 234th Birthday May Not Have Many More To Follow"

Every 4th we fly the US and Marine flags and for the past 2 years the above line is THE topic of discussion after the flags are raised. Very solemn, but eventually the drink cheers things up...

Mon, 07/05/2010 - 07:36 | 452808 RabidLemming
RabidLemming's picture

Semper Fi brother!

I spent 33 years and four months in active military service and during that period I spent most of my time as a high class thug for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902–1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents.[12]
Major General Smedley Darlington Butler

Mon, 07/05/2010 - 08:55 | 452875 Instant Karma
Instant Karma's picture

Ah for the good old days. Life was simpler then...:)

Mon, 07/05/2010 - 09:06 | 452885 primefool
primefool's picture

Indeed! A shorter life is a simpler life. If you are dead in your 40s ( like many of those great Classical Composters) - of syphilis ( like Schubert) - or gout - or small pox or just the pox  - then life was indeed simpler. No worries - none at al.

Mon, 07/05/2010 - 10:52 | 452986 Rusty Shorts
Rusty Shorts's picture

 - 100% bullshit.

Mon, 07/05/2010 - 18:38 | 453527 puckles
puckles's picture

Primefool, gout is not a lethal disease.  If left uncontrolled, either by diet changes or pharmaceutical "management", the latter of which has serious side effects, it is merely disabling.  It is an arthritic condition that destroys the joints affected, by the buildup of uric acid christals.  This is a lifestyle disease, and typically affects those who imbibe a bit too freely, especially beer drinkers, and eat a bit too much of purine-inducing foods, in particular those who eat large amounts of beef and pork.  There is a reason why Shakespeare portrayed Falstaff as he did.  It is a disease of the rich, only.

Mon, 07/05/2010 - 11:32 | 453028 Hulk
Hulk's picture

30 years later, I share General Butler's sentiments completely...

Sun, 07/04/2010 - 22:51 | 452447 Caviar Emptor
Caviar Emptor's picture

On the Fourth, let us pause to remember the sacrifice of those who died to make men free. Their achievement has endured.

Sun, 07/04/2010 - 23:00 | 452458 Dr. Sandi
Dr. Sandi's picture

On the Fourth, let us pause to remember the sacrifice of those who died to make men free. Their achievement has endured.

It breaks my heart, but the sentiment rings pretty hollow to me anymore. I actually get tears when I think about how we have betrayed their sacrifice.

Their sacrifices of life, health and future have been betrayed by greedy cowards who equate possessions with freedom.

America, blow something up for ME tonight to celebrate what we have become.



Sun, 07/04/2010 - 23:24 | 452497 Caviar Emptor
Caviar Emptor's picture

The achievement of those who came before us are undiminished by our failures today. The achievement wasn't the success or the triumph, but the fact of having tried at all to reach for noble aims in a world full of cynicism and chicanery. They needed a degree of faith and determination that is rarely encountered today. That spirit, however, has transcended time.

Sun, 07/04/2010 - 23:32 | 452511 Dr. Sandi
Dr. Sandi's picture

Damn, I like that. Thank you!


Sun, 07/04/2010 - 23:52 | 452537 hedgeless_horseman
hedgeless_horseman's picture

Thank you.  To your health.

Mon, 07/05/2010 - 00:22 | 452593 Mactheknife
Mactheknife's picture

Amen. The men that signed that document put their own lives, the lives of their families, and all that they owned on the line. Many of us today are not worthy. The Declaration of Independence should be read by every American on this day.

Mon, 07/05/2010 - 12:49 | 453137 BrosMacManus
BrosMacManus's picture

+100. Sad thing is these days we cannot even fly our flag bcuz our bureaucrats say it will offend someone. Kalifornia sees it as graffiti.

Mon, 07/05/2010 - 14:55 | 453275 The Mighty Monarch
The Mighty Monarch's picture

At least half a dozen flags flying on my quiet suburban California street (mine included). No complaints yet.

Mon, 07/05/2010 - 14:56 | 453277 The Mighty Monarch
The Mighty Monarch's picture

At least half a dozen flags flying on my quiet suburban California street (my home included). No complaints yet.

Mon, 07/05/2010 - 00:58 | 452643 Bolweevil
Bolweevil's picture

Success is a journey...

America might go away, but good luck getting rid of all the Americans.

Mon, 07/05/2010 - 08:37 | 452856 Sean7k
Sean7k's picture

What a load of crap. High minded and well phrased, but crap. The elite have always reaped the benefits of their rape of the nation's resources and always will. They have practiced slavery and fined tuned the delivery system to a degree unparalelled in history.People actually believe they are free.

We are poisoned by our food, water , air and medical systems. Where is the nobility in that? It would be wonderful to believe in the hopes and dreams paraded on modern media, but like the heroes at the cinema- it is all manufactured to make us feel good about who we are.

We are class A thugs, taking everything we can from the barrel of a gun, the mechanisms of legislation and the psychology of media mind control. The efforts required to break free are monumental and often result in failure- which is exactly the way they want it.

On this holiday in celebration of freedom, I work toward the liberty embodied in a life lived in quiet rebellion against all bankers everywhere. They are weak in the area of money, stocks, bonds and equities. These are the places to direct our attacks and wreak havoc.  

Mon, 07/05/2010 - 11:57 | 453071 Virginian
Virginian's picture

Remeber Franklin's admonition that he had "given us a republic, if we can keep it."  This experiment in rule by the consent of the governed is flawed in so many ways, but that does not excuse us from our duty as citizens to protect and improve this "experiment" with our lives, our fortunes, and our sacred honor.  We may never attain the "ideal" we set out for, but having that "ideal" before us is as important now as ever.

Mon, 07/05/2010 - 08:50 | 452867 Sean7k
Sean7k's picture


Mon, 07/05/2010 - 01:52 | 452688 DavidPierre
DavidPierre's picture


Slave-owner and land speculator George Washington, commander in chief of the Continental Army, begins his career of ethnic cleansing in a big way when he orders Major General John Sullivan to utterly destroy the Iroquois tribes who had allied themselves with the Loyalists during the American Revolution. Washington ordered that "parties should be detached to lay waste all the Iroquois settlements around, with instructions to do it in the most effectual manner, that the country may not be merely overrun, but destroyed."

Sullivan later reports that “the immediate objects of this expedition are accomplished, viz: total ruin of the Indian settlements and the destruction of their crops." The Iroquois nations never recovered from the Sullivan Expedition, and over the course of the next several decades lost nearly all of their land, making it available to speculators such as Washington. For his role in the campaign, Washington earned the nickname “Town Destroyer” or “Devourer of Villages.”

The U.S. Government will, in 1929, proudly issue a postage stamp commemorating this ruthless rampage of mass murder and ethnic cleansing.

But, you have to admit that the slaveowning bastards who orchestrated the Revolution don't discriminate as to who they screw.

Two years after fighting the slaveowners' war against Britain, soldiers of the Continental Army have still not been paid. Hundreds of Revolutionary War veterans march on the State House in Philadelphia where Congress is in session and demand their pay. Courageously, Congress flees to Princeton, New Jersey and, several weeks later, the U.S. Army expels the veterans by force.

Virginia planter Charles Lynch puts his name into the language when he creates a kangaroo court for the persecution of Loyalists and their forced conversion to the “patriot” cause by torture and terror.

Lynch and his vigilantes kidnap Loyalists, subject them to fake trials and then immediately carry out “sentence” which might include up to thirty nine lashes, property seizure and hanging by the thumbs from the walnut tree on Lynch’s property, giving rise to the term “lynching”.

Lynch also coerced pledges of allegiance to the rebel cause and forced conscription into the rebel forces. Lynch also facilitated the theft of property belonging to his victims.

In the interests of fairness and justice, in 1782, the General Assembly of Virginia passed a special act naming Lynch and three of his fellow vigilantes, retroactively providing them with immunity for their crimes.

John Hancock places the first signature on the Declaration of Independence.

Hancock was, at the time, the President of the Continental Congress and would later be Governor of Massachusetts.

But there’s gotta be more to old John than this, right?

Not to put too fine a point on it, he was a big time gangster in a powdered wig.

Hancock’s family had long been involved in smuggling on a huge scale. He inherited a fortune from his smuggler uncle and went on to become the biggest smuggler in the Thirteen Colonies, accumulating a further fortune, using bribery and terror to carry out his criminal enterprises.

To take a single example, Hancock smuggled about one and a half million gallons of molasses a year into the Thirteen Colonies on which he should have paid about £37,500 duty. In fact, he typically paid only £2,500. The £35,000 a year he made smuggling molasses alone was a vast sum of money in the eighteenth century, the equivalent of millions of dollars today.

Hancock also smuggled huge quantities of tea and was the instigator behind the Boston Tea Party.

Hancock lived the life of Riley at the pinnacle of Beacon Hill society in Boston. The Revolution came at a good time for him: hundreds of indictments against him for smuggling were never brought before a court and he was free to live a life of luxury on his criminal proceeds.


Mon, 07/05/2010 - 04:29 | 452745 RichardP
RichardP's picture

The point of footnotes and a bibliography in academic writing is to extend to the reader the courtesy of not having to trust the author.  The reader could check out the research for himself.

With no references given at all, why should we believe anything you just said?  You don't need to support your opinion, because that belongs to you.  But truth belongs to all of us, and it needs to be supported with links to your research.

Mon, 07/05/2010 - 04:33 | 452749 GoldBricker
GoldBricker's picture

DavidP, you are so bumming me out!

I will preserve all your posts on Evernote and check them at leisure.

What next? Are you gonna tell me that Jesus's real last name was Rothschild?

Mon, 07/05/2010 - 06:22 | 452788 RichardP
RichardP's picture

Who told you that?  Everyone knows that Jesus' real last name was Maryschild.


Mon, 07/05/2010 - 08:57 | 452879 Dismal Scientist
Dismal Scientist's picture


Do NOT follow this link or you will be banned from the site!