Hamilton & the 1st National Bank of the United States: An Act of Genius
A note to readers: this is an old post on the archive website for Promethean PAC. It was written when we were known as LaRouche PAC, before changing our name to Promethean PAC in April 2024. You can find the latest daily news and updates on www.PrometheanAction.com. Additionally, Promethean PAC has a new website at www.PrometheanPAC.com.
Between 1791 and 1793 Alexander Hamilton created the American System of Sovereign Public Credit. This included the founding of the Bank of the United States, our Republic's first National Bank. Unlike today's oligarchical Federal Reserve, the primary purpose of Hamilton's National Bank was to foster new industries, new inventions and new discoveries as the primary path for the economic betterment of the nation. Hamilton's Credit System would engender upward human development in a way that benefitted "We the People."
Today, as the monopolistic Federal Reserve and the British Central Banking system push us deeper into inflationary hell as our productive economy is destroyed, it is a matter of survival that we abolish the Federal Reserve and reestablish a National Bank, just as Hamilton demonstrated could be done.