Joyanna Adams

Nobody's Opinion

Nobody Remembers the Depression of 1740

Nobody Remembers

Well…I just can’t wait to pay twenty dollars for a pound of hamburger, can you? Here we are, in a modern depression, where we can charge up our debt just like our govenment…and Nobody Wonders…We remember the great depression of the 1930’s, but was there one we forgot? Well who knew? We had a big one in 1740.

There is a feeling among the Brits, that America was wrong for wanting to leave the motherland to which it came from. This feeling is very common among the British people.

So, Nobody Asks...What exactly started that whole mess? Was it just King George being a ninny? Or was there a little more to it?

Here’s a few paragraphs from the book: Sam Adams: Pioneer in Propaganda by John C. Miller

The Revolution was at first caused by…guess what? A major depression.

In 1740, it was clear that a popular upheaval was imminent in the colony. It was over an old scheme called the “Land Bank” which promised hard-pressed farmers and town mechanics a Utopia of paper money backed by real estate. The promoters of the land Bank were frankly inflationist’s who proposed to bring back prosperity by flooding the country with paper bills and at the same time, to “humble the Merchants” by taking the control of currency out of their hands.

(Can you say Federal Reserve? Can you say…Barney Frank? )

It was in 1740 that the colony (Boston) reached the crisis of an economic depression. Throughout the greater part of the century, the lack of a stable currency embittered Massachusetts politics and divided parties on class lines: debtors against creditors, and inflationist against the “sound money” mercantile aristocracy. As commerce began to decline and farmers and town artisans found themselves in a “pretty Pickle” because of the currency shortage, hostility mounted everywhere in the colony against the wealthy Boston merchants who by paying their debts in England with colonial silver made the scarcity more acute at home. Two distinct social classes were arrayed against each other by the inflationist sentiment that had swept over the colony.

It came down to who would control the colony.

The point is: Our economy is only going to get worse before the election.  And with this year’s drought, who knows how bad it will get? If history repeats itself, there will be a change in “rulers.”

Will Paul Ryan then join in with Rand and Ron Paul to pass a bill to audit OUR inflationary Federal Reserve Kings?

Nobody Knows.

Will the Brits ever forgive us for breaking free and forming our own country?

Don’t count on it.  Nobody Thinks we’ll get hit by a comet first.

August 16, 2012 - Posted by | History, Uncategorized | , , ,

2 Comments »

  1. I speak as a Brit. You lot have been long forgiven for the Revolution but it astonishes me that few if any Americans can see that they were conned by the ‘mercantile aristocracy’ IN the colony, who agitpropped the ordinary citizen to revolt.

    Frankly there can be any excuses that can be brought to the table but it remains the FACT that the colonists did not ‘throw off British rule’ but rather did what hordes of dictators of the socialist ilk have done ever since – STEAL the investments of others. In the American case it was the blood and treasure of 200 years of British investment, by British people, many of them quite poor, who put their monies together to make a better place and building that place from scratch.

    The nasty child stole the car, the furniture and the family silver and said ‘its ours now’. When South American socialists did the same to US investments there was wailing and gnashing of American false teeth.

    There has barely been 50 years without a ‘depression’ of one depth or another, but are we to give America the same excuse? Does it excuse any country that steals from another just because they screw up their finances? What will happen with the next great depression? Will it be ‘OK’ for similar theft?

    My own attitude is one of deep regret. America – the Colonies – was the favoured child of Britain. Britain’s other children – Australia, Canada and New Zealand all became Independant and friends in a larger family. Only America resorted to theft of the family’s assets.

    America was the natural heir to the British Empire. It would have inherited a world largely united under the English language and under a common heritage. British ‘common law’, Institutions, yes even the modern monarchy, still do a great deal of Good, but even they have been ridiculed and forcibly ejected from many deserving places by American ‘foreign policy’ breaking up the Empire.

    How does the world look now?

    But the inheritance that should have been was spoiled by spoiled brats. – those Boston aristocrats. They subborned the American people, conned them. Many there refused to join the Revolution and fought on the British side.

    They had some vestige of integrity.

    Hanging onto myths about ‘King George’ while America suffers under a far more powerful and deliberately wicked King Obama, smacks of stupidity. at the worst, and culpable self-blindness at best.

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    amfortas's avatar Comment by amfortas | August 16, 2012 | Reply

    • Mmmm..LOL! America was an ‘investment?” We were to be a “colony” much like India I suppose? Only the people in bloody old England were “superior? Special? ” What were we then…incidious step children? Disobedient?   Ha!   Americans WERE British subjects…..and they protested that they did not have the same RIGHTS as their brothers and sisters overseas.   According to the British subjects of New England, they did NOT have the same rights as true Brits.   “Breaches of Magna Charta, the Charter of this Province, and the Act of Parliament.”   It WAS a family affair. They wanted to do things their way. And they did! Being forbidden to trade their goods overseas was not exactly a good way to rule a ‘people’…oh damn that rich John Hancock for wanting to have the freedom to trade anywhere he pleased.   Besides, due to the fact that those British people had been ruling THEMSELVES for over a hundred years, most of them were just farmers…..they just wanted to do it their way.   Freedom was just too exciting.   The ocean was just too big.     You look on it as if we were “different” people. We are your decendants…what’s left of us. And we grew up and came to our Mother’s rescue, in every war.   So…Sam Adams was a spoiled Aristocrat? He was so broke, he had to finish his education at Harvard waiting on tables. His father lost all his money in the “land deal” which is why I was trying to point out that certain “bankers” and “governors” had acted much like the Barney Frank “give the houses to everyone” of today.   Many of the colonists lost their money in the “land bank” of their time. And they were mad.   And the “rich” that stole the money of the people, were much like today. Politicians who get thier money and power from connections to the “crown.”   There was more to the revolution than just a bunch of brats wanting “mommy” to give them the furniture.    So, what books did YOU read? Mine were evidently…not the same publisher!

      Joyanna Adams

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      Joyanna Adams's avatar Comment by joyannaadams | August 17, 2012 | Reply


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