The early American colonists of the 17th Century were beholden to the Bank of England’s Jewish owners — paying taxes from their labor — as repayment for funding the “opportunity” to create a new way of life in the New World.
Struggling to be released from the burden of debt to the Bank of England, the colonistsestablished the Massachusetts Bay Company, printing its own home-grown paper money in 1690, a currency not backed by silver or gold.
In other words, it was a fiat money, rejected by England’s parliament, in a continual conflict with their American subjects regarding taxes and all other debts.
By 1742, with every colonial Royal Governor instructed to curtail the issue of colonial…
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