As another Lame Cherry exclusive in matter anti matter.
In reading The 30 Years View by Senator Thomas Hart Benton, a striking revelation appears on the Congressional year of 1823 - 1824 in the emergence of the tariff for the protection of American industry and promotion of it.
Henry Clay led the effort for it, Daniel Webster against it. What is noted is the New England states were said to be prosperous, but other states of the Ohio interior were hurting, while Virginia led the Carolina enclave against this measure.
In reading this, I was fascinated in the history of this and it reflects the history we now share in the president.
The War of 1812 ushered in the Yankee Clipper, the American foreign trade routes, which prospered America from isolation to prosperity, In this, one can find American ships in China, offloading opium into China, with England finding no one wanted their hot woolens, structuring the Turkish opium trade to dominate the market.
"Waiting for your ship to come in", was how people made their fortunes once this Yankee trade began around 1815 AD in the year of our Lord. As we can see by 1823, parts of America were in serious depression. Why is that? One can project in this, that Yankee ships plying the coasts of Massachusettes. New England, Virginia and the Carolinas, had produced prosperity, where those peoples could afford foreign imported goods against American goods.
The interior states, were then without markets as Speaker Clay notes in grain was rotting in barns as there were no markets. So just as the east coast banking made a fortune from Bush NAFTA and China turned from a rice paddy to an industrial power by Jewish centered banking, which destroyed American industry, America repeated this from the 1990's on to the present Trump era. Americans suffered greatly, but the few hedgefund rich prospered in the billions.
We can recall Jeb Bush scolding Americans in distress that they needed to work more than 40 hours a week to make ends meet. The rich had the luxurious life while the poor were competing with Mexican invaders.
All of this goes back to the successful trade of the few with foreign interests which deprived Americans of jobs and wages. We can observe that just as the central banks of London and America were in high distress in this period of "paper money" or "debt money", that the same situation has been biting the United States since the Obama installment super depression of 2008 AD in the year of our Lord when the presidency was stolen from Republican John McCain.
Meet you on the other side.
" In casting our eyes around us, the most
prominent circumstance which fixes our atten-
tion and challenges our deepest regret, is the
general distress which pervades the whole coun-
try. It is forced upon us by numerous facts
of the most incontestable character. It is indi-
cated by the diminished exports of native pro-
duce ; by the depressed and reduced state of our
foreign navigation ; by our diminished com-
merce ; by successive unthreshed crops of grain
perishing in our barns for want of a market ;
by the alarming diminution of the circulating
medium ; by the numerous banlaniptcies ; by a
universal complaint of the want of employment,
and a consequent reduction of the wages of la-
bor ; by the ravenous pursuit after public situa-
tions, not for the sake of their honors, and the
performance of their public duties, but as a
means of private subsistence ; by the reluctant
resort to the perilous use of paper money ; by
the intervention of legislation in the delicate
relation between debtor and creditor ; and,
above all, by the low and depressed state of the
value of almost every description of the whole
mass of the property of the nation, which has,
on an average, sunk not less than about fifty
per centum within a few years. This distress
pervades every part of the Union, every class of
society ; all feel it, though it may be felt, at dif-
ferent places, in different degrees. It is like the
atmosphere which surrounds us : all must in-
hale it, and none can escape from it. A few
years ago, the planting interest consoled itself
with its happy exemptions from the general ca-
lamity ; but it has now reached this interest also,
which experiences, though with less severity,
the general suffering. It is most painful to me
to attempt to sketch, or to dwell on the gloom
of this picture. But I have exaggerated nothing.
Perfect fidelity to the original v.rould have au-
thorized me to have thrown on deeper and
darker hues."
So unbridled trade in the Yankee Clippers, actually destroyed American industrial production from the ground up in the interior. The same hedgefund, zero interest cheap money, repeated this disaster for Americans.
President Trump began a remedy for this in his second term and this is what the United States Congress narrowly passed in 1824 AD in the year of our Lord. Again it was President James Monroe who signed the bill into law. Monroe is interesting as this blog noted as he set domestic and foreign policy which was established in America and is current Trump policy. In effect the McKinley tariffs which Mr. Trump has enacted are the tariffs of President James Monroe.
It would be in 1828 AD in the year of our Lord, four years later which President Andrew Jackson of the "west" would be swept into power, a proponent of American protectionism and the person who took the new prosperity coming into America, and ended the central bank of the United States, by placing money in local banks, in that fortune, and in turn caused speculation and bad currency which caused an economic depression.
The silence of these 30 years which are ignored are the foundation for the travail America faced and still faces. They are the years when America was formed not in theory but in established Constitutional direction, for good or bad.
Nuff Said
agtG
