Head Office and CEO

It is best to think of a democracy as a business. In the case of the 13 Colonies, once the financing was in place—the creation of the Bank of North America in 1781—the next thing to do was set up a Head Office for the CEO. George Washington was a shoe-in for CEO, and he was selected as the first President of the United States of America in 1789, although John Adams would be the first President to live in the White House. However, agreeing on where the President’s residence was to be built was another matter. The North and South had diametrically opposed views on the subject, and it wasn’t until Alexander Hamilton, Rothschild’s new number one man, put a little grease in the right cogs that an accord known as the Compromise of 1790 was reached. The Residence Act was voted into law in 1792.

 In 1776, George Washington and his young aid, Alexander Hamilton, had depended entirely on Haym Salomon’s generosity. With Haym gone, Alexander became the new financial executive. He was the one who, in 1790, brokered the deal that made Washington DC and the building of the Capitol and the White House possible. He got it done by promising the states that had built up debt during the Revolutionary War—some fifty-four million dollars—that their slate would be wiped clean, and by making direct compensatory payments to those states that had little or no debt.

 Fifty-four million dollars back then is equivalent to one hundred billion of today’s dollars. Considering that the USA had no revenue to speak of at that time, where did that kind of money come from? Then, and now with the billion dollar bailouts, it’s a question we never ask?

 The President runs the store, but who’s the boss?


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