Saturday, July 16, 2011
The unfinished American Revolution and a proposal for a new political party
The United States of America needs a new political party born of the unfinished business of the American Revolution -- much like Horace Greeley said of the Republican Party when it was created back in the mid 1850s. The Republican Party was originally created to resolve the issue of slavery versus free labor, free land, free speech and free people. The Whig and Democratic Parties failed to resolve the issue and both shattered over internal divisions. The Republican Party that arose in their stead was originally pro-tariff and anti-slavery. The two great American political issues of the Nineteenth Century were slavery and banking. The slavery issue -- at least chattel slavery -- was solved, but the issue of wage-slavery and banking exploitation was never resolved. In fact, I would argue that the bank monopolies prevailed. Study the debates that surrounded creation of Hamilton's first Bank of the United States. The Congress of the United States farmed out its constitutional currency creating powers to a private banking corporation, setting off a two-hundred year struggle that still threatens to collapse the remains of the republic. Unless we mobilize the citizenry, the international banking/financial interests will extinguish the U. S. before the U. S. can begin to extinguish the banking cartels.