Jared Miller on Alexander Hamilton and the First Bank of the United States

Upon George Washington becoming President of the United States, he appointed Alexander Hamilton as the first Treasury Secretary. As the Secretary of Treasury, his first order of business was to establish a central monetary system and currency. 

The underwriter of what would become the First Bank of the United States was the Bank of New York which Alexander Hamilton conveniently co-owned. The underwriters of the Bank of New York were members of the Bank of England which operated under the auspices of the Crown. Once established in this position, he also supported the creation of a national debt: “A national debt, if it is not excessive, will be to us a national blessing.” 

His reasoning, briefly summarized, is that in order for an emerging nation to foster trade with its neighbors and European powers, a line of credit would have to be established. A line of credit would not be possible without a national debt and a consistent history towards paying off that debt (the interest be damned). 

The same elites today (Rothchilds, Rockefellers) own and operate the private Federal Reserve Bank to which our government now owes trillions in un-backed currency, courtesy of the Federal Reserve Act of 1913 (an amount far beyond “excessive” as Hamilton originally claimed).

~ Jared Miller, "'The Masses Are Asses': Hamilton Sucks," American Watchmen, July 7, 2020

Alexander Hamilton
1879