If you won't look in a few more places, then you will not read what I have read, whereby the obvious conclusion is made obvious.
"But Hamilton wanted to go farther than debt assumption. He believed a funded national debt would assist in establishing public credit. By funding national debt, Hamilton envisioned the Congress setting aside a portion of tax revenues to pay each year's interest without an annual appropriation. Redemption of the principal would be left to the government's discretion. At the time Hamilton gave his Report on Public Credit, the national debt was $80 million. Though such a large figure shocked many Republicans who saw debt as a menace to be avoided, Hamilton perceived debt's benefits. "[I]n countries in which the national debt is properly funded, and the object of established confidence," explained Hamilton, "it assumes most of the purposes of money." Federal stock would be issued in exchange for state and national debt certificates, with interest on the stock running about 4.5 percent. To Republicans the debt proposals were heresy. The farmers and planters of the South, who were predominantly Republican, owed enormous sums to British creditors and thus had firsthand knowledge of the misery wrought by debt. Debt, as Hamilton himself noted, must be paid or credit is ruined. High levels of taxation, Republicans prognosticated, would be necessary just to pay the interest on the perpetual debt. Believing that this tax burden would fall on the yeoman farmers and eventually rise to European levels, Republicans opposed Hamilton's debt program.
"To help pay the interest on the debt, Hamilton convinced the Congress to pass an excise on whiskey. In Federalist N. 12, Hamilton noted that because "[t]he genius of the people will ill brook the inquisitive and peremptory spirit of excise law," such taxes would be little used by the national government. In power, the Secretary of the Treasury soon changed his mind and the tax on the production of whiskey rankled Americans living on the frontier. Cash was scarce in the West and the Frontiersmen used whiskey as an item of barter."
That is the typical lie in the form of a campaign promise, a fraud, and the reason for the fraud is to gain the POWER to then do the opposite of what the fraud says he will do, saying whatever will get the liar elected into POWER.
The real problem with people who fail to see this is the concept of paying the wrong people, paying the criminals, and paying more, and more, to pay the wrong people, expecting the wrong people to do the right thing.
You can remain ignorant about this all you want, it is of no interest to me, I don't get banking interest, so have whatever you want done with your life, as you please.
For me, I prefer not to be so ignorant.
I can pull quotes out of that all day. But would you listen to the words of the people where were there at those Secret Meetings?
My guess is no, you won't.
I have often been wrong, of course.
How about George Mason fighting against the False Federalists (who were actually Monopolists or Nationalists), will you believe his words?
Mr. Chairman—Whether the Constitution be good or bad, the present clause clearly discovers, that it is a National Government, and no longer a confederation. I mean that clause which gives the first hint of the General Government laying direct taxes. The assumption of this power of laying direct taxes, does of itself, entirely change the confederation of the States into one consolidated Government. This power being at discretion, unconfined, and without any kind of controul, must carry every thing before it. The very idea of converting what was formerly confederation, to a consolidated Government, is totally subversive of every principle which has hitherto governed us. This power is calculated to annihilate totally the State Governments. Will the people of this great community submit to be individually taxed by two different and distinct powers? Will they suffer themselves to be doubly harrassed? These two concurrent powers cannot exist long together; the one will destroy the other: The General Government being paramount to, and in every respect more powerful than, the State governments, the latter must give way to the former.
The Federalists, so called, were doing what frauds, criminals, do every time they seek to accomplish the task of Usurpation.
If you don't understand how it works, as a Business Cycle, by now, if you can't see it clearly by now, then you are probably either way behind the curve, or you will never understand how it works, and that is just the way it is, unfortunately.
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