The Coinage Act and Alexander Hamilton Ruined the US as They Created the Path for the Global Banking Elite to Control the American Dollar.

All by itself, the Coinage Act of 1792 was innocuous and completely constitutional.

The act was based on the writings of Alexander Hamilton, the secretary of the treasury, from one of five reports he issued his first year in office.

In these reports he outlined the deficiencies in the national government as he saw them.

The Coinage Act and Alexander Hamilton were only one of several players in this game of establishing a new shadow government to complement the new constitutional one.

“Let me issue and control a nation’s money, and I care not who writes its laws.”

-Meyer Amchel Rothschild

Meyer Rothschild, part of the Rothschild banking family, was instrumental in subsidizing the British side of the American Revolution, providing the British with Hessian soldiers from Germany.

The Rothschilds also controlled the Bank of England and, to a large extent, the finances of the French as well.

Working from these three angles, the bankers managed to make tidy profits and gain further controls due to debt, further solidifying their hold on the major western nations of the world.

Fast forwarding to the Constitutional Convention, two things were conspicuously done, primarily by Hamilton (with James Madison’s unwitting aid): the insertion of the “elastic” clause of Article 3 and an absence of banking regulation in the document.

The inclusion of the ability of Congress to coin money was, at the time, seen as basic banking, but was inserted much to the chagrin of the bankers.

It was easily overruled, of course, by the manipulation of the action coinage process, which the Coinage Act and Alexander Hamilton as Secretary of the Treasury accomplished.

Coinage Acts 1st Intentional Mistake

The most obvious mistake in the Coinage Act became clear soon after its passage: when gold jumped in value to better than 15:1 over silver, the provision in the Act that required the Mint to value silver at 1/15th of gold quickly undermined the financial solidity of the bank.

This allowed the National Mint to start a slide towards insolvency. Congress tried to remedy the situation, though it was too little, too late.

Meanwhile, Hamilton lobbied to further solve the crisis of the “national war debt” through the creation of the First Bank of the United States (based on another of his five papers).

Using the absence of banking details in the Constitution and the slim excuse that the coinage provision implied the power to bank (as well as coin money) plus the elasticity clause, Hamilton managed to get the central bank through Congress (narrowly) and then convince President Washington to sign it.

Coinage Act and Alexander Hamilton Cont.

The institution of the nation’s first central bank, which set the precedent for doing so which was Hamilton’s goal, also created the nation’s first impetus towards political parties.

The Federalist Party, which was strongly in favor of centralized, national government and banking, was headed by Hamilton and his followers.

The Republican Party (also called the Jeffersonians) was headed by Jefferson and Madison, opposing strong central government rule.

This was in reaction to the way in which the new central bank had been established.

Morris, Hamilton’s right hand man in this operation, secured $35 million in initial funding for the bank, $28 million of which came from European bankers (mostly the Rothschilds) and the rest from the Treasury.

Hamilton is no Longer of Use

The bankers, eventually, no longer had a use for Hamilton.

The Coinage Act and Alexander Hamilton had run their course, creating both the controversies needed and the establishment of the core institutions the bankers needed to gain control.

Hamilton then became a liability, especially as his personal finances became shaky.

The bankers, eager to move on and tie up their loose ends, used their hireling Aaron Burr to eliminate Hamilton from the scene.