| "A Republic, If You Can Keep It"
by John F. McManus (11/06/2000)
The deliberations of the Constitutional Convention of 1787 were held in strict secrecy. Consequently, anxious citizens gathered outside Independence Hall when the proceedings ended in order to learn what had been produced behind closed doors. The answer was provided immediately. A Mrs. Powel of Philadelphia asked Benjamin Franklin, "Well, Doctor, what have we got, a republic or a monarchy?" With no hesitation whatsoever, Franklin responded, "A republic, if you can keep it." This exchange was recorded by Constitution signer James McHenry in a diary entry that was later reproduced in the 1906 American Historical Review. |  |
 | Professor John McMurtry (1) |
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| | Billions for the Bankers - Canadian Version
http://www.somagardens.com/billions/index.htm
In 1867 the Fathers of Confederation gave the federal government (under Section 91 of the British North America Act) the right to create Canada's money supply. However, our federal government has given this right to the private chartered banks. Instead of getting our money supply for the cost of printing, our federal government now borrows the money from the chartered banks and pays over $40 billion per year interest. Payment of this interest took 33% of all the taxes collected in the last fiscal year. This means all businesses, farmers and individuals also have to borrow our money supply. Because money to pay this interest is never issued, we have to borrow the money to pay the interest. Thus borrowing drives all of us, including our governments, deeper and deeper into debt. | |
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