Is it historically accurate that monetary policy was central to American Revolution?

Discussion in 'Opinion POLLS' started by DennisTate, Nov 25, 2014.

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Did oppressive central banking policy play major role in 1776 Revolution?

  1. No... this is a myth began by conspiracy theorists.

    11 vote(s)
    73.3%
  2. Yes.... oppression of the 13 State Scrips was a major factor in American Revolutionary War.

    3 vote(s)
    20.0%
  3. Yes... but this could lead to hyper-inflation and devaluation of the dollar.

    1 vote(s)
    6.7%
  4. "Truthers" of some sort existed back in 1941 as well as in 2014!

    0 vote(s)
    0.0%
Multiple votes are allowed.
  1. HailVictory

    HailVictory Banned at Members Request

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    Well, I was born in America but my family is from India and Germany so I have no love of the British at all (both of my countries have literally been destroyed by Britain in the last 300 years), but the Americans were 100% out of line in fighting with the British during the Revolution. Most of their grievances came out of Britain asking something of them in order to share the burden of Empire upkeep, and America, even though they were part of the empire, refused because they simply didn't want to pay taxes.
     
  2. Strasser

    Strasser Banned

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    Sorry for the late response; I have been very busy irl for the last few months, lots of overseas travel as well as a couple of related local contracts.

    Not really; I can't think of why, given how unpopular the war was with colonials themselves. Ben Franklin's own son was a Tory governor of New Jersey, at least part of it anyway, for instance.

    I'll get the other thread post in a while, as the servers seem slow at the moment, but the short answer for that one is that Britain and Canada were both neutrals re the Civil War, and it follows they would sell to and buy from both sides of the conflict and not play favorites. There was no St.Lawrence Seaway then so going in through Nova Scotia would be nothing special or secret; the Confederates had a lot of raiders, and the railroads were clogged or diverted to military uses and unavailable for hauling imports to the Midwest and back. I don't buy the conspiracy theory aspect, as importing machinery from Great Britain wasn't anything odd to begin with, especially before the war even started, since nobody knew there would be one until a few weeks before Lincoln was inaugurated.

    The British excelled at making machine tools and high quality iron and steel the entire 19th century and until well after WW II was ended, and maybe still do, I haven't checked up on their industry in a long time. Andrew Carnegie stole everything he could from them to build his own steel empire with.
     
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  3. DennisTate

    DennisTate Well-Known Member Past Donor

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    This is very useful information to me! I hadn't even thought of that part of the whole situation.

    Do you think that I am perhaps naïve to think that The Donald may well be the Presidential candidate who is especially well set up to perhaps address the flaws in Fed policy?

    http://www.politicalforum.com/polit...donald-trump-can-great-president-because.html


    Donald Trump can be a GREAT President because.......



    … of his deep level of empathy with the greatest forces that are keeping the average American down!

    I saw two documentaries about The Donald yesterday evening. When I saw the part about how he purchased the Taj Mahal through financing arranged by about twenty different banks. When I heard that he had agreed to pay them a high rate of interest. I knew that The Donald had been guided by G-d to have a deep empathy for the situation faced by President Abraham Lincoln.

    ...…

    http://www.michaeljournal.org/lincolnkennedy.htm
    The Fed.......... is set up in such a way that it is extremely useful in causing significant boom and bust cycles..... which tend to break unions. To a segment of the population strong unions are one of the greatest evils in America and the whole world.
     
  4. jdog

    jdog Banned

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    Wow look at that, 66% of the public are morons, who would have guessed?
     
  5. DennisTate

    DennisTate Well-Known Member Past Donor

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    It is kind of surprising that the level of awareness of this isn't significantly higher.

    Especially considering how this seems to fit with the assassination of President Kennedy?

    http://www.michaeljournal.org/lincolnkennedy.htm


     
  6. DennisTate

    DennisTate Well-Known Member Past Donor

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    I hope you don't mind but I quoted you in full here in this other discussion..... and added a bit of emphasis to arouse a bit more emotion?

    I do agree with your assessment as to why we British aristocrats conspired to come up with ways to keep the average American down.

    http://www.politicalforum.com/showthread.php?t=442857&page=5&p=1066015462#post1066015462
    A massive reevaluation of national wealth must occur in order to finance....
    ..... the shift over to a truly green and sustainable economy!
     
  7. DennisTate

    DennisTate Well-Known Member Past Donor

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    I wonder what Bernie supporters.....
    and Bernie himself would say about this theory?
     
  8. Mircea

    Mircea Well-Known Member

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    It's from Rense. I don't have time to parse all of the half-truths and untruths, but suffice to say that the first paragraph is flat out wrong.
     
  9. DennisTate

    DennisTate Well-Known Member Past Donor

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    Thank you for taking a look at least.......
    the article looks reasonably good to me.....
    and it backed up something that I had read from a quite different source.....

    three economists from Ontario, Canada....
    their names where Harold Chorney, John Hotson and
    Mario Seccarrecia
     
  10. DennisTate

    DennisTate Well-Known Member Past Donor

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    I get the impression though that
    President Donald Trump does have some opinions on this topic that line with that article to at least some degree.

    http://www.infowars.com/trump-calls-for-auditing-the-fed/

    Trump Calls For Auditing the Fed
     
  11. DennisTate

    DennisTate Well-Known Member Past Donor

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    So this paragraph depicting steady growth from 1700 - 1760 sounds accurate to you?

    http://www.encyclopedia.com/history...d-economic-development-colonies-1763-overview

     
  12. Shiva_TD

    Shiva_TD Progressive Libertarian Past Donor

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    Historically inaccurate. In fact when it comes to money the primary money used was Spanish gold and silver coinage and that lasted almost to the middle of the 19th Century in America. During that era the Spanish coinage was the international monetary standard. The Spanish had pillaged vast amounts of gold and silver from the Americas.
     
  13. Shiva_TD

    Shiva_TD Progressive Libertarian Past Donor

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    Auditing the Fed will reveal nothing because by law the Fed and use "promissory notes" as collateral for issuing Federal Reserve notes so it simply creates the Federal Reserve notes (digitally), and sends them to banks that in turn issue a promissory note for repayment. The books always balance because it's promissory notes backed by promissory notes and no one is required to fulfill the "promise" of the promissory note.
     
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  14. DennisTate

    DennisTate Well-Known Member Past Donor

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    Basically true... but if the audit is done to
    set the stage for getting the Federal Reserve to
    do more toward full employment..... another audit
    will be a necessary first step in that process.
     
  15. DennisTate

    DennisTate Well-Known Member Past Donor

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    I have got to read this because I am surprised at how 71% of respondents to this poll voted!
     
  16. DennisTate

    DennisTate Well-Known Member Past Donor

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    But..... were those colonial bank currencies accepted...... at least by the people who did not have lots and lots of those British or Spanish coins?
     
  17. Shiva_TD

    Shiva_TD Progressive Libertarian Past Donor

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    The world monetary system was based upon the Spanish gold and silver coinage and the United States continued that same monetary system for decades after the American Revolution.

    One issue that's been explored by historians is the role that drugs played in the American Revolution. Tea was the source of caffeine, a drug, and the tea trade was dominated by the British and it was taxed by the British. In the American colonies coffee was introduced and coffee also provided the same drug, caffeine, but because coffee was domestic to the Americas it was not under the control of the British and was not taxed. As we know historically coffee, not tea, became the primary source of caffeine in the United States. That cup of coffee we have in the morning is the "pick-me-up" based upon the drug caffeine that the coffee provides.
     
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  18. tkolter

    tkolter Well-Known Member

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    Its not hard Britain fought a war against the French where the colonies benefitted so they expected through taxes the colonies would pay for their security by the crown and the colonies fought this with no proper grounds since they were colonies so were treated as colonies, so couldn't expect a say in this. Save the colonies could have offered to pay the taxes and they collect the taxes on that level which would have been better.
     
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  19. DennisTate

    DennisTate Well-Known Member Past Donor

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    Intriguing!

    An admission of guilt from the past can be a good way to begin diplomatic relations with a nation that believe we are their enemy.

    In the case of Canada and the USA I am thinking that Canadian Conservatives may be able to serve as unofficial ambassadors between the Trump administration and Canada as well as with several other nations that Canada has good diplomatic relations with.


    https://2001-2009.state.gov/r/pa/ho/time/dwe/82011.htm

    http://www.politicalforum.com/index.php?threads/jamie-baillie-nova-scotia-israel-and-jordan.506627/

    Jamie Baillie, Nova Scotia, Israel and Jordan.
     
  20. DennisTate

    DennisTate Well-Known Member Past Donor

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    Interesting.........
    too bad nobody in England had the wisdom to explain to the British government that
    they were in a position to make the British currency the most popular medium of exchange
    for most international trade.

    Many people fear that now the USA dollar must be devalued..... .I am of the opinion that it is possible
    for the USA Dollar to increase in value in spite of there being 4.3 Trillion USA Petro Dollars that could soon hit
    the markets and cause at least some devaluation of the dollar.

    With some assistance from some allied nations.... that can be avoided ...... the nation of Israel is in the perfect position to play a huge role in accomplishing that.


    http://www.politicalforum.com/index...nyahu-lets-get-into-the-production-of.423385/
     
    Last edited: Sep 25, 2017
  21. DennisTate

    DennisTate Well-Known Member Past Donor

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    I could be wrong.....
    but I have the feeling that perhaps another revolution of sorts is brewing.........

    Did going bankrupt in '91 prepare Mr. Trump for the Presidency?

     

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