Common Wealth &
Opportunity in America
The Common We
Merriam Webster defines Commonwealth as 1. archaic : commonweal 2: a nation, state, or other political unit: as a : one founded on law and united by compact or tacit agreement of the people for the common good; b : one in which supreme authority is vested in the people; c : republic
COMMON WEALTH – [a new definition]:
to possess sufficient financial knowledge, skill and ability to thrive in a modern democracy where the supreme authority is vested in the people.
The inhabited continent that became known as the Americas (and the desires of liberty and freedom) existed long before Viking marauders and European settlers found their way here. On this continent, the lands were held in trust by the indigenous peoples who derived their respectful and reverenced sustenance from it.
Now parceled, fenced and claimed by mostly the progeny of those European who found their way here over the last three hundred years, the land and the sustenance it has perpetually yielded as a common wealth to the exploiters and the exploited. The common wealth that the Americas has provided is a spirit of bounty unmatched by anywhere else on the planet and maybe unmatched in the time modern times in which we live. We as its beneficiaries have failed to completely embrace that this common wealth that we all enjoy to varying degrees unites us as a common we under the modern democratic principles that we say that believe in and are willing to offer our sons and daughter to die for. The abundance that we enjoy upon this continent envelopes us all as the common we which should strength and bind the ties that bound us together as Americans.
The founding fathers attempted to create a democratic state when they incorporated the body of people who eventually would inherit the land with:
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
During the formative years of this nation, the scroll of our common history rolled out with the formation of institutions that today govern our lives, our fortunes and our well-being. One of those institutions was U. S. Banking which has evolved dramatically since it beginnings but is still held together by many of the remnant threads of it beginning.
Alexander Hamilton, the first secretary of the treasury of the United States, formed the Bank of the United States in 1799 to issue credit to pay for the debt left behind by the Revolutionary War.
Hamilton’s Anglo-American vision of banking, patrician rights and American life are still prevalent in U.S. banking today. The U.S. Federal Reserve Banking system can trace it roots to the Hamilton’s initial vision of a strong central banking system. [Noteworthy is that Hamilton’s nemesis, U.S. Vice President Aaron Burr help found the competing bank call the Bank of Manhattan. The Bank of Manhattan evolved in what is now JPMorgan Chase Manhattan Bank. Also noteworthy is that on the morning of July 11, 1804, the sitting vice president, Aaron Burr killed the former secretary of the treasury, Alexander Hamilton, in a duel]
The Importance of Financial Services -
A Key to Our Well-being
COMMON WEALTH – [a new definition]: to possess sufficient financial knowledge, skill and ability to thrive in a modern democracy where the supreme authority is vested in the people.
What are “the Blessings of Liberty” without money (sustenance) in a democracy based on capitalism? How can men and women enjoy “the Pursuit of Happiness” in attempting to pursue happiness without money (sustenance) in a democracy based on capitalism?