#american system

[teenagedirtstache]

[kramlabs]

re Trumps post about the BRICS dedollarizing…

Several of the biggest BRICS countries are essentially sanctioned from USD and SWIFT and are actually keeping the dollar very relevant through the use of USD pegged stable coins like Tether, which processed $11T in transactions last year, over $100B/day.

See these videos by Kevin Walmsley:

kramlabs

Digital yuan, CBDC, The Dollar* and Tether *…Or counterpoint to dedollarization

kramlabs

kramlabs

.

.

.

.

-Central banks and government debt -Subsididized works projects -Patronage programs -Protectionism -Protective tariffs ... Spinning Hi

[a-god-in-ruins-rises]

[livrere-purple]

The American system has historically not served Black, Latino, and Asian communities. It was the community stores and banks that had to provide their own services to the community. Every time you get two steps forward, there’s always a pothole that makes you take a step back or something you have to step around. It’s the American reality. This is the great American burden of this century that no one talks about.

Anthony Mackie in An Odyssey by Interview with Frederick Luis Aldama

[giulia-liddell]

Yes, INVALSI tests suck. They are terrible and useless and they suck, but at least we don't have american standardised tests. Those are the real torture from hell.

[aragornjinn]

going to an american school as a brit is wild like I can piss on the american system all I want but the second I use crisps instead of chips my life is over

[the-funtime-autocrat]

We’ve got too many public highways to maintain in this country and no matter how high they raise taxes they’re crumbing and decaying at too fast a rate.

Solution: High Speed light rail, managed by public and private companies, in a national system that can replace this. Bullet Trains can be built for national lines.

Funding: Tariff revenue.

[rosscountyhistoricalsociety]

Bust of Henry Clay made in 1844 by W.D. Jont. But why would a bust of a Kentucky senator be in Chillicothe, OH? It’s all because of the Ohio-Erie Canal. 

Clay’s “American System” called for a strong federal bank which would provide funding for roads and canals. Clay believed the roads and canals were instrumental to growing American agriculture and business. President Andrew Jackson stood in sharp opposition to Clay’s plans, and so did the South, which thought a strong federal government was the first step to abolishing slavery.  As one North Carolinian put it, “If Congress can make canals, they can with more propriety, emancipate.”

But Clay’s vision perservered and the Ohio-Erie canal reached Chillicothe in 1831. Clay was right - the canal allowed the little city and surrounding environs to grow and flourish, as farmers were able to ship their goods far and wide. 

Another grateful Chillicothean carved a tribute in one of the canal lock stones as an “enduring monument to the patriotism” of Clay, and ends with the Latin motto Justum et tenacem propositi vitum, “just and firm of purpose.” The stone now stands behind the RCHS museum.