Posts Tagged ‘Congress’

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?

First International Bank

The Bank of North America was created in 1781 by interests other than the Bank of England, and that made banking international.

 In 1781, all the gold bullion available in the USA was under Rothschild’s control. After financing the whole war effort and being very generous to the politicians in Philadelphia, everybody owed Haym Salomon, and it was very easy to get Robert Morris and Alexander Hamilton to spearhead the bank project through Congress. In 1786, Salomon died a pauper at the age of 44, Morris became Superintendent of Finance and ended up in prison in 1796, while Hamilton became US Secretary of the Treasury and died in a duel in 1804. As of that moment, all possible ties with Mayer Amschel Rothschild’s family were severed for good.

Thanks to the mindboggling French real estate fraud of 1789, the French Revolution, Rothschild and his five sons were able in the next few years to buy up most of the gold bullion available in Europe. By the turn of the 19th century, Nathan Rothschild was unofficially in charge of the Bank of England and the Rothschilds had financial control of both the Old and the New World.   

The House of Rothschild could now concentrate on developing an American coast-to-coast market economy, and the Louisiana Purchase was the first step in that direction.

A little luck helps

When Haym Salomon arrived in Philadelphia in 1778, the Treaty of Alliance with France had just been signed. That was the year the French started supplying the Colonies with some twenty million pounds’ worth of gold in financial and military aid, an amount equivalent to forty billion of today’s dollars. It was a considerable package and the French needed a broker in Philadelphia. As it turned out, Salomon cut such a figure and had such an impressive brokerage house, the anti-Semite French went to him in spite of the fact that he was a Jew. He was named broker to the French Consul, Treasurer of the French Army, and fiscal agent of the French Minister to the United States, and it all happened within the space of a few months after his arrival in Philadelphia in 1778. These extraordinary developments were either due to a prodigious miracle, or are the absolute proof that he was reunited with the gold he had to have had in New York in 1775 and that he’d used it very effectively.

Haym was indispensable to the war effort. He issued a lot of paper backed by the French gold, and soon the gold was all spent. The successful French went home while the spent gold remained in America safely under Salomon’s control. In 1781, all the available gold in America, some 500 tons, was thus in Rothschild’s care, and he would get more, a lot more. Of the more than 150000 tons of gold bullion produced to this day, at least 120000 tons are unaccounted for; they are spent and resting somewhere safe.

George Washington


Haym Salomon financed the Patriots in every possible way and that included the politicians in Philadelphia. He looked after the Hessian soldiers for the English, but he was sent by Rothschild primarily to double-cross the English which he started to do as early as June 15th, 1775. That was the day a George Washington dressed in a flashy, custom-made military uniform tailored for the occasion, went before the second Continental Congress in Philadelphia to offer his services. Because he was a Southerner with some military experience, and because he insisted on not receiving any salary, he was a shoe-in to head the Continental Army that didn’t yet exist. He even offered to raise an army and work for free with the proviso that his expenses be reimbursed at the end of the war, an arrangement which has always been considered very bizarre. Haym Salomon was the only financier who had the wherewithal to back George Washington, and the statue in Chicago showing the General shaking Haym Salomon’s hand with a Robert Morris looking on speaks volumes.

Washington was not a wealthy man even though over the years he did manage, in a roundabout way, to inherit property from the very important Dandridge, Fairfax, and Custis families. However, in 1775, the property known today as Mount Vernonwas a rather modest estate with few slaves and little revenue. What is noteworthy is that at the outset of the War of Independence, George Washington had enough money to purchase an additional 6000 acres and build the north and south wings that transformed the house into the extraordinary mansion that it is today. Very odd, indeed!

 In 1775,Washington had more money than he knew what to do with. During the war, he spent lavishly on fine wines, fine foods, fine leathers, fine attires, and generally enjoyed a lifestyle reserved to English aristocrats. He even commissioned forty-two paintings to immortalize his feats of bravery. Another odd aspect of his command was his retinue of thirty-two young men he called his “family.” One can only wonder about the kind of relationship Washington entertained with his “family,” for in 1781, when Alexander Hamilton became aware that the Marquis de Lafayette had become the General’s new favorite, he abruptly quit his service and, thereafter, wrote him many letters venting his ire.

 At the end of the war, Washington presented Congress with a $449,261.51 tab. If we compare a captain’s salary of $20 per month then and $4,000 per month today, the General’s expenses amounted to close to a billion of today’s dollars. He even charged $3,776—the equivalent of $700,000 today—for personal expenses incurred while retreating across the Delaware, a river barely 200 hundred yards wide. That was the same banal river crossing that’s immortalized in the painting Crossing the Delaware.

For a general who went around showing the colors, laying the odd siege, and mainly retreating during the seven years the war lasted, that was good pay. More to the point,Washington was not a trained military man and he never had a meaningful victory. The alleged one at Trenton seems to have been a cross-river rendezvous operation to pick up Salomon’s gold from New York along with some nine hundred Hessian troops that the latter had persuaded to defect. Washington had very little to do with the victory at Yorktown, either, for any military buff will readily certify that the victory at Yorktown was due to the brilliant plan laid out by the Comte de Rochambeau, a competent professional soldier trained in the art of war, and Admiral de Grasse’s great seamanship. The battle plan was so well carried out, there were very few casualties: five hundred for the British, eighty for the Americans, and two hundred for the French. In the history of America, the Battle of Yorktown may have been a decisive moment, but it wasn’t Washington’s doing.

 When all is said and done,Washington seems to have been a flawed individual, a megalomaniac who was bought, wrapped, and delivered by Rothschild’s man, Haym Salomon. The President has been Rothschild’s ‘play’ mate right from day one.

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