Hamilton's Debt Legacy and Jackson's Opposition
Was Alexander Hamilton Jewish? And did he lock America
into permanent debt from day one? The answer, of course, is
yes. New research from a University of Oklahoma
professor says yes, and his research will shock you.
Alexander Hamilton's mother converted to Judaism to marry a
Jewish merchant, and she raised Alexander in the Jewish
faith.
Alexander attended a Jewish school and grew up surrounded by Jewish
merchants in the Caribbean sugar trade.
Later in life, as the Secretary of the Treasury,
Hamilton forced the
federal government to assume massive war debts, then created
the first Bank of the United States in seventeen ninety-one, giving
private bankers control over the nation's money from day one.
He openly argued that national debt was a good thing, saying
permanent debt would tie wealthy investors to the government and create
a stable financial class that lived off of interest payments
forever. In other words, Hamilton wanted to create a permanent
ultra-wealthy class of individuals who would maintain their wealth
simply by collecting interest payments generated by American
citizens paying their debts. Firms like BlackRock,
Vanguard, and the largest Wall Street banks
are the result of
Hamilton's vision. But a man named Andrew Jackson saw the
threat for what it was. He called the central bank a hydra
of corruption and swore to destroy it.
Jackson pushed back relentlessly, famously declaring, "The bank is
trying to kill me, but I will kill it." And he did exactly
that, destroying the second Bank of the United
States.
Although Jackson had destroyed the second bank, the core system
Hamilton created survived, leaving us with what we
have today. Jackson later survived an assassination
attempt when a
gunman attempted to shoot him at point-blank range, but
both pistols misfired, so Jackson beat him
relentlessly with his cane. Andrew Jackson was the true
hero who stood up to the bankers, while Alexander Hamilton
was the man who sold us out from the very beginning.
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