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Jeffrey Hobbs's avatar

George Washington spoke of the need for eternal vigilance to defend freedom. Maybe he was talking about preventing military attack, but he may as well have been speaking of the need to ever be on the lookout for incursion from within by corporate interests. Corporate influence grows within the body politic like a parasite until it consumes its host.

Sandra Walker's avatar

I’m reading your book..Who Killed the American Dream. It arrived two days ago and I want to shout to everyone I come across… “Read this book! It will make your hair stand on end and gives a perspective we all should have.”

Please keep up the good work you do.

William Farrar's avatar

The Bank of England was a spin off of the East India Company.

Charles II was a gambling addict, among other things.. His favorite mistress was a Barbara Villiers, cousin of the infamous George Villiers, lover of James I,

He gifted her None such Castle, built by Henry VIII for Katherine Howard, which she then sold off, stone by stone.

Charlie had serious money problems, so he approached the East India Company for a loan,, the company agreed to grant the loan on the condition that he grant them a monopoly charter as the Bank of England, the Bank was formed with officers chosen from the East India Company.

The Bank, took in gold and silver and issued bank notes as certificates of deposit, but soon a rumor (actually a fact with all banks) started that there wasn't enough gold to redeem all of the notes. ,most of the notes were issued in the form of loans, as well as deposits.

Threatened with being ruptured, the bank hired the well known, foremost alchemist of the realm, Isaac Newton, as the first Warden of the Mint, and that calmed the nerves of those holding the banks notes.

In the Colonies, the straw that broke the camels back was the Townshend Acts, which included the Stamp act which led to the Boston Tea party

The following excerpted from foot notes of my paper on International Banking

Charles Townshend, Chancellor of the Exchequer (England) whose policies of money and taxation led to the American Revolution hired Adam Smith to tutor his stepson, Henry the young 3rd Duke of Buccleuch, because of his work "The Theory of Moral Sentiment 81. Smith penned "The Wealth of Nations" at a time when the mercantilist policies of England had proven antiquated and were no longer profitable. The Sovereign of England by this time was the Bank of England for whom the Chancellor of the Exchequer was employed. Sovereignty having passed during the reign of Charles II,who bankrupted himself to bestow favors on an unscrupulous Barbara Villiers, first to the Bullioneers and the India Company and subsequently to the Bank of England when it acquired that company . Charles also sired,illegitimately, James Duke of Monmouth and Buccleuch whose grandson was the above mentioned 3rd Duke. Smith wandered the continent, especially France, spending much time with the "physiocrats" with young Henry in tow. Henry, 13 years later, paid his friend and tutor to write "Wealth of Nations" thus intellectually justifying a new era and a new philosophy to justify the change in methodology.

Tomonthebeach's avatar

Thom, thanks for the history lesson. Sad that it merely amplifies my take on the Tea Party and links it to the Trump Party.

Protect the Vote's avatar

History doesn't repeat itself but it certainly rhymes Mark Twain Speaking of corporate greed and the cost of doing business with corporate America with political interests,

The Nazi Republican’s Big Lie: Cost Of DOGE

The world’s wealthiest Muskrat, thanks to US government contracts, got on stage with another malignant narcissist and lied to the American people that he was going to make the government efficient and streamline it’s function thereby saving the American taxpayer $2T, later revised downwards to $1T. Like the Cheeto lies, this Muskrat lie never came to be and as a matter of fact cost WE the People dearly.

It’s now estimated that the savings that the racist and apartheid supporter cost the American taxpayer $11-15B due to DOGE activities and cuts to governmental agencies. OBM head Voight, "We want the bureaucrats to be traumatically affected. When they wake up in the morning, we want them to not want to go to work because they are increasingly viewed as the villains. We want their funding to be shut down..."

Government agencies have had to rehire people back and worse yet even though federal workers wanted to return they were paid but not allowed to return. This became spendthrift Cheeto mismanagement at its worse. No wonder he bankrupted 5 companies and he will more than likely bankrupt the federal government on his way out the door due to his taxcuts for the wealthy.

And the above losses don’t account for the $220B loss in tax revenue due to the firing of 28% of IRS employees. Never has it been more clear that a vote for a wealthy Nazi bigoted racist Republican at any level in government is a major mistake.

Robert B. Elliott's avatar

"That was the Tea Act of 1773, which American colonists correctly understood as corporate tyranny enforced by government power."

This is what everyone should be talking about today and every day. This should be in textbooks (although textbooks are an abomination - Thom's books should be available to students, but never mandatory reading, of course). Podcasters, debaters, influencers, and politicians should take the history in this chapter and this book as essential information (which has been totally and tragically ignored by historians and educators) and refuse to shut up about it until it is common knowledge. Long live the truth and down with the wanna-be king!

msteve9679's avatar

This was very interesting to read. It increased my knowledge of the revolution. Thanks for publishing this.

Bo Baggs's avatar

Thank You Thom!

ANTONIO B LUCERO's avatar

Dear Thom,

How enlightening! Thank you so much for your scholarly work, always.

G.P. Baltimore's avatar

Thanks to both Thom and for the above comment, William.

I have read and heard many snippets of history about the predatory tactics of British East India over the years. As to their unbounded greed and lack of ethics, but this example sums up the whole philosophy and business practices nicely.

It’s led to the mess we have in our present, which is what history is supposed to do—it traces us back to a cause so that we may learn from it.

It shows, once more, that a certain segment of “business people”who are drunk with their own power that WE gave them, are the root cause of inequality in society and probably always have been.

They easily pray on not only the weak minded and under educated but also effectively paralyze all of us rich and poor intelligent and not regardless of where or when because it’s woven into our society, praised and allowed.

This mind-set of essentially greed that developed our present economic system through the many, many years of modern history, is a poison that delays our natural growth and even our evolution as a species by effectively herding us all and using our population as a power source and calling it good business.

The general population calls it convenience and even necessity of the market, but, in truth, it’s the path to corporatocracy. This IS the conspiracy.

It hasn’t changed much and has been spattered all throughout our long history. It’s bred from a type of averace and lack of empathy that really springs from lack of caring or identification with your fellow human being.

It’s a sickness of dog-eat-dog which is nothing more than an expression of cannibalism in our society.

It strikes those who believe it’s ok and smart to use others as their own personal tools in life while they strive to live in an isolated and insulated life in ease and given accolades by their compadres in crime.

So many strive for this. They plot, plan, and get higher degrees to learn how to do this. Screw the other guy—their families their neighbors the country—the world. A megalomaniac’s wet dream.

Serena Fossi's avatar

Besides the use of blackface.