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WAS THE IDEA OF BITCOIN BURIED IN JEFFERSON'S MIND?

Discussion in 'The Kruse Longevity Center' started by Jack Kruse, Oct 16, 2021.

  1. Jack Kruse

    Jack Kruse Administrator

    Why did Thomas Jefferson of Virginia oppose the ratification of the Constitution?
    Thomas Jefferson opposed the organizational plan because of money and his distrust of bankers. He thought states should charter banks that could issue money. That way bankers could be monitored closely by state regulators. Jefferson also believed that the Constitution did not give the national government the power to establish a bank as it was written. He also favored adding a Bill of Rights to the document.

    Thomas Jefferson favored a strict interpretation of the Constitution, which he interpreted as forbidding everything it did not expressly permit. In contrast, Hamilton favored a loose interpretation.

    Hamilton favored the Bank of England's use of rehypothecation and Jefferson did not because he clearly felt that centralization of banks supported the Cantillon effect.

    Thomas Jefferson's December 20, 1787, letter to James Madison contains objections to key parts of the new Federal Constitution. Primarily, Jefferson noted the absence of a bill of rights and the failure to provide for rotation in office or term limits, particularly for the chief executive.

    Why did Thomas Jefferson want a bill of rights added to the Constitution? He wanted to protect essential liberties against infringement from others and the government. He was also an Anti-federalist. ... Popular sovereignty, limited government, separation of powers, checks and balances, judicial review, federalism.

    Jefferson believed the key to the Constitution was found in the first two amendments.
    He said our liberty depends on the freedom of the press, and that cannot be limited without liberty being lost. He knew from history that empires also try to control the media to use propaganda to destroy the balance of power. He also believed that the right to bear arms against one's own government was a check on Federalism. He learned this from the Revolutionary war.

    Hamilton wanted the federal government to have greater power than state governments. A strong federal government, he argued, was needed to increase commerce.

    Why did Hamilton hate Jefferson?

    Jefferson was many things that Hamilton was not: indirect, somewhat retiring, apt to work behind the scenes. Hamilton thus saw Jefferson as sneaky and hypocritical, someone with wild ambition who was very good at masking it. Hamilton thought a lot of Britain while Jefferson hated them and favored the French.

    Hamilton's great aim was more efficient organization, whereas Jefferson once said "I am not a friend to a very energetic government." Hamilton feared anarchy and thought in terms of order; Jefferson feared tyranny and thought in terms of freedom. The early United States needed both influences.

    Jefferson believed that the Constitution needed constant reworking to limit Federal power.
    Thomas Jefferson believed that a country's constitution should be rewritten every 19 years. Instead, the U.S. Constitution, which Jefferson did not help to write (he was in Paris serving as U.S. minister to France when the Constitutional Convention was held in Philadelphia), has prevailed since 1789.

    Jefferson advocated a political system that favored public education, free voting, free press, limited government, and agrarian democracy and shied away from aristocratic rule. Although these were his personal beliefs, his presidency (1801-1809) often veered from these values. Power and leadership have a way of causing one to bend their principles.

    Hamilton's bitter adversary, President Thomas Jefferson, was chillingly silent (at least publicly) about the death of Hamilton. Hamilton was killed by Thomas Jefferson's Vice President.
    In one of the most famous duels in American history, Vice President Aaron Burr fatally shoots his long-time political antagonist Alexander Hamilton. Hamilton, a leading Federalist and the chief architect of America's political economy died the following day.


    In 1791, Burr was elected to the U.S. Senate, where he served until 1797, and he ran as a candidate in the 1800 United States presidential election. An electoral college tie between Burr and Thomas Jefferson resulted in the House of Representatives deciding in Jefferson's favor, with Burr becoming Jefferson's vice president due to receiving the second-highest share of the votes. Although Burr maintained that he supported Jefferson, the president was highly suspicious of Burr, who was relegated to the sidelines of the administration for the single term of his vice presidency.


    What represented Bitcoin during Jefferson's administration? The Lousiana Purchase. This was the greatest deal ever brokered in the history of the USA. Napoleon Bonaparte sold the land because he needed money for the Great French War. The British had re-entered the war and France was losing the Haitian Revolution and could not defend Louisiana.
    However, for Jefferson there was one problem with this purchase — Jefferson didn't think it was constitutional. In fact, Jefferson adamantly maintained that the general government lacked the power under the Constitution to acquire foreign territories, despite his own wishes to buy the territory for the US.

    Bitcoin and the Lousiana Purchase have much in common with each other.

    Bitcoin was supported in the beginning by cypherpunk anarchists. They are the modern versions of the Jeffersonian mindset.

    CITES

    https://www.digitalhistory.uh.edu/teachers/lesson_plans/pdfs/unit3_4.pdf
     
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  2. Jack Kruse

    Jack Kruse Administrator

    Delta Air Lines ditches "divisive" #COVID19 vaccine mandate, CEO Ed Bastian announces on Fox News. Remember executive orders are propaganda and not law. Treat them as a press release.
     
    ND Hauf and caroline like this.
  3. JanSz

    JanSz Gold

    @Jack Kruse
    The last Presidential election was much less than honest.
    Do you see us having honest future elections?
    Do you see any work being (accomplished) to assure honest elections (in our country)?
    .
     
    Last edited: Oct 16, 2021
  4. JanSz

    JanSz Gold

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