Alexander Hamilton revived America after the Civil War. The federal government took on Revolutionary War debts from both the states and the Continental Congress to unify financial standing and build national credit

Financial analyst Barbara Boyd explains how the Trump administration with Secretary of Treasury Scott Bessent is attracting many trillions of investment back to America and has created hundreds of thousands of jobs by reviving Hamiltonian economics.

As headlines warn of a $40 trillion U.S. debt and a “bond market explosion,” Barbara Boyd argues a fake news manufactured financial panic is being used to attack President Trump ahead of the midterms.

She spotlights Treasury Secretary Scott Bessent’s “discreet” plan—echoed by Vice President JD Vance—to get economic growth to outpace debt by directing credit into productive investment rather than speculation or consumer handouts as Australia is doing with inefficient renewables subsidising foreign companies with tax breaks at taxpayer expense to de-industrialise the nation.

Boyd frames the approach as an updated Alexander Hamilton model: sovereign credit for infrastructure, technology, and industry to expand real output and contain inflation, while curbing Wall Street and Fed-driven speculation. She cites Bessent’s focus on domestic production and supply chains and highlights executive-order priorities including advanced manufacturing, nuclear and fusion power, a Moon colony by 2028, and breakthrough science.

The episode also features Vance’s critique of free-trade policies, “deaths of despair,” and a $1B Cleveland-Cliffs investment in Middletown, Ohio.

It would be a waste of time ensuring Treasurer Jim Chalmers watches this video. It is doubtful he has the mental capacity to understand what Barbara Boyd is explaining.

Socialist Treasurer Jim Chalmers no idea about a physical economy

Readers should be aware Australia was built on a similar system with tariffs protecting our primary production and manufacturing until the de-regulating, free-trading Liberal and Labor parties reversed it in favour of the big end of town and by shifting our industrial base to Asia under the Lima Declaration signed off by Gough Whitlam.

Hamiltonian economics

Hamiltonian economics is a system of national mercantilism and government-assisted development proposed by Alexander Hamilton, the first U.S. Treasury Secretary. It focused on building a strong central government, establishing public credit, creating a national bank, using protective tariffs, and promoting industrial growth to free the young nation from European economic dependence.

Core Pillars

  • Assumption of Debt: The federal government took on Revolutionary War debts from both the states and the Continental Congress to unify financial standing and build national credit. [1, 2]
  • National Bank: The creation of the First Bank of the United States managed government funds, issued uniform currency, and provided vital business loans. [1]
  • Industrial Tariffs: Protective tariffs and excise taxes (such as the whiskey tax) shielded infant domestic manufacturing from foreign competitors and raised public revenue. [1, 2, 3]
  • Implied Constitutional Powers: Hamilton successfully argued that the U.S. Constitution granted the federal government broad implied powers to manage the national economy. [1]

Historical Impact and Legacy

  • Laid the foundation for the 19th-century American System of Economics.
  • Sparked a fierce debate with Thomas Jefferson and James Madison, who favored an agrarian society.
  • Shifted American industry toward becoming a dominant global manufacturing power.

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By cairnsnews

From the land of Australians

22 thought on “Treasurer Chalmers clueless on economy should follow US Hamiltonian economics to save Australia”
  1. Thick As a BRIC or Thick as Thieves

    I can’t help feeling a connection between Kissinger in 2012 saying the Israel won’t exist in ten years; a dozen or more American intelligence agencies around 2008 reportedly saying that Israel won’t exist in twenty years due to Israel’s apartheid being incompatible with American democracy and rules of law, that is hindering U.S. diplomacy with more than 50 Muslim nations and the present destruction of America by two wars, in partnership with extreme fascist regimes of Israel and Ukraine, both blinded by extreme nationalism and ingrained hatred: To the last Palestinian, to the last Ukrainian.
    .

    An American post-Israeli Middle East has been flipped into an Israeli post-American Middle East, by controlling the funding of psychopathic, paraphiliac solipsists. — the Epstein Ring paraphiliasWEW
    .

    If the colonising of Palestine is overcome by the indigenous populations of two hundred million South West Asians and North East Africans, then I suppose the growing emptiness of the fertile, resource rich ancient homeland of Khazarian nomads, is an option worth planning for in advance by modern day Central European nomads.
    .

  2. The Western financial setup cannot survive as its unrepayable debt problem has ensured its destruction. A substantial amount of assets and industrial capacity has already been shifted to BRICS, the West’s ‘alleged competitor’.
    .
    In reality, the development and growth opportunities and PROFITABILITY inherent in BRICS huge population and massive resource availability dwarf the stagnant Western economies which are being SYSTEMATICALLY collapsed as we blissfully watch in incredulity and refuse to believe it!
    .
    That makes BRICS a ‘safe haven’ rather than a competitor when the West’s Bottom of The Harbour Scheme is eventually triggered and the West’s REAL assets are transferred from the populations of the West to the Globaalist Cult holding its finger on the trigger and well positioned to exploit the potential of BRICS extraordinary resources.
    .
    Don’t tell me you’ve fallen for the line that BRICS with its cheap labour and gigantic industrial potential is merely self made, organic development. Goldman Sachs and Cohen and Co haven’t and wouldn’t be pumping trillions into it only to have their trillions confiscated by any “competitor”.
    .
    Remind me again who was it that tossed out the Czars from Russia, the Chinese emperors from Shanghai and the Maharajas from India. Trust the Plan.

  3. Isaiah and Malachi prophesize that the Plan is:
    .
    ” A l l the treasures and natural resources of the world will eventually come in possession of the righteous.”
    .
    Sub text: The wicked infidel will own nothing, but will be happy just to stay alive.
    .
    Trust the Plan. The ancient master race Plan has reigned supreme from time immemorial.

  4. Promethean Action just followed up the discussion with another from Susan Kokinda. The end part is where the battle situation becomes interesting.
    .
    Obviously, a short video can only punctuate the essential key-points of the twenty-first century Great Game, which Kokinda performs with ease and eloquence, but when discussing Japan’s exploitation by the City, the viewer should also recognise that new credit companies are currently entering the Japanese credit markets.
    .
    Due to the Japanese banks paying a measly 50 basis points credit interest [only beaten by Switzerland’s pathetic -50 basis points], the Japanese credit market is ripe for new credit issuers: – just like America’s Hamilton-era private banks. Those following the new credit economy, will know that Japan has a new credit issuing company, which over the past year has been steadily and consistently scaling up. As with their American peers, Japanese savers now get rewarded with superior double-digit interest payments.
    .
    What this also means is that as these companies continue to scale-up and take over Japan’s credit industry, which they are now starting to do, the City of London and its old imperial economic infrastructure will no longer be able to exploit Japan’s existing credit system. Although beyond the scope of Kokinda’s excellent presentation, these developments are extremely important. It is also why they are whitewashed in mainstream economic news outlets.
    .
    In their attempts at sabotaging America’s dominance in the new and fairer banking system, Democrat senators have been deliberately stalling the passing of the Clarity Act. But that little game is now over, when earlier this month the SEC announced that it would step in. If the Senate fails in providing Clarity, – the SEC will provide Clarity. Nothing stops this train.
    .
    https://www.prometheanaction.com/the-monday-brief-carneys-war-isnt-about-trade-and-bessent-knows-it-august-24-2026/
    .
    As Kokinda rightly points out, the mid-terms are when they plan to strike. This is why we’ll probably see a temporary rotation out of AI stocks prior to the mid-terms. This is simply because DJT cannot run an election when two hundred million of your voters are terrified of being replaced by AI. The suits are already rotating out for this very reason. They’ve been saying it since June.
    .
    Kokinda was also pointed to a City of London orchestrated Treasury short to coincide with the mid-terms. For the few that actually understand how the Treasury markets work, which are non-straightforward and rather complicated, the magnitude of economic destruction associated with a successful Treasury short will be immediately obvious.
    .
    But with Scott Bessant and Kevin Warsh overseeing the defence, the enemy’s initial offensive was destroyed last week in an unexpected and preemptive counter-attack. The past week saw the short-sellers massacred: they didn’t know what hit them. The Bull has been warned.
    .

  5. Rt Honourable Joe.
    “Apparently there are two major drain-holes in the global economy”
    Well yes.
    But I think the Yanky Dogs and Co are going to use what is left of the Iranian Straight of Hormuz problem to cause an economic collapse mechanism, along with some other tweeks to speed up the timing of the next collapse of the Western world finances.
    MEANWHILE back at the camel ranch the Makkah Joint Defence Agreement has been signed between Saudi Arabia, Turkey, and Pakistan and the post-American security architecture that Russia and China have been calling for is now in place with Tehran is about to walk through the door.
    That will get the deck chairs shuffling.
    Who needs BRICS when you’ve got most of the available oil.
    https://sonar21.com/not-an-islamic-nato-the-mecca-agreement-is-building-the-post-american-security-architecture-and-iran-is-about-to-walk-in/

  6. A bit more about BigBother from the bot:
    “Mike Kelly was the federal MP for Eden-Monaro ( next to Canberra ) and served as Minister for Defence Materiel in 2013.
    After resigning from Parliament in April 2020, he joined Palantir Technologies Australia, becoming its president.
    He had previously been an Australian Army colonel and had served in places including Iraq, East Timor and Somalia.
    Reported at the time that Kelly had publicly praised Palantir’s role in intelligence and counter-terrorism.
    He led Palantir Australia from 2020 until 2024, according to recent reporting.”
    … maybe Mike knows something about the intelligence failure at Bondi
    We love you BigBother

  7. Commenter bronco
    Apparently there are two major drain-holes in the global economy, one is the BIS and one is Iran who refuses to comply with central banking.
    The Anglosphere uses the BIS which has full legal sovereign immunity and full secrecy so it’s the only one “allowed”. BRICS will have to come up with something else or risk the earthquakes, flash floods, designer forest fires etc they do with their DEWs.
    Don’t anyone be naughty, big brother can see you, you will be smacked down.

  8. Scotty-boy Bessent in a canoe in Trump’s pants trying to paddle his way through the shit. Trump says he can fix the economy with the military.

  9. Turned out that Thomas Jefferson was right, though. Didn’t it dickhead! …….. And Scott Bessant is a complete tool.

  10. If Australia could “attract many trillions of investment back to (Australia) and create hundreds of thousands of jobs”, then we definitely need a strategy of Hamiltonian economics here 👏👏👏

  11. Ever wondered what was the purpose of the Port Arthur massacere.?
    I always thought it had to do with shutting down access to our bank accounts.
    But after my last comment below, I had a mental moment of clarity.
    Commonwealth Bank sell-off completed in 1996.
    Port Arthur massacere 1996.
    Well it’s been 30 years now and they had their test run with the GFC so is it going to be the banks shutting down or some type of selective withdrawal for the vaxed.?

  12. What is it with the clowns placed in front of the people?
    .

    Bessent and husband.
    .

    Thiel and husband.
    .

    Zelenskyy, pretend ivories dick tapper, plastic pant’s stilettos dancer.
    .

    Starmer and his Central European boy bandits and billionaire tongue twister.
    .

    Macron and his old teacher that whammies.
    .

    The moustache man in his girly pose, sporting suede bib and brace slap pants: See if you can find that photo on the internet.
    .

    The world is their stage.

  13. Scott Bessent hacking into Soros the Bull?
    .

    Would Bessent hack his former former master? Former 🤔
    .

    Bessent was a former Chief Investment Officer of Soros Fund Management.
    .

    Three days back Bessent said he didn’t understand the oil price spike after Trump escalated the Iran War 🤪 🤡, my bad, the United States of America’s war on Iran: A little bit like Oliver North funding the War on Drugs, the Iran-Contra affair back in another actor-president led Alice’s Wonderland.
    .

    Next you’ll be telling us the U.S. treasury is the only national treasury buying poisonous U.S. bonds.
    .

    If they did, are they, then an interest driven mortgage tsunami crisis may occur on top of the tsunami diesel crisis approaching.
    .

    In America, every homeless unfortunate and non tax paying Elite, owes more than 100,000 + some greenbacks in national debt.
    .

    Bringing on 2030 bugs and all.

  14. Scott Bessent used to be Soros’ right hand man, organised the big GBP ripoff as far as I’m informed.
    Bessent’s gay husband is John Freeman, a big city prosecutor, occupation and doings currently unknown, maybe real estate.
    Freeman is one of Springmeier’s “Bloodlines of the illuminati”, I don’t think Dezi Freeman was one of them as he made up his name.
    One of these types for example: https://en.wikipedia.org/wiki/Derek_Freeman_(politician) = Mr Fluoride Australia
    This is all connected into the BigTech mafia via JD Vance, Palantir etc., “they’re all in it together”

  15. Besides the fact that EVERY political party was and is bought and paid for by the Israeli type people, Keating was the miserable troll they used to steal the people’s Bank of Australia.
    With the Commonwealth Bank in tact (a government and people’s Bank) Australia could pay it’s debts from the ‘Money from Nothing/Nowhere’ system.
    It could finance ANYTHING it wanted to without causing debt.
    But that would mean that Australia could prosper and not be controlled by the international banking cartel of the Rothschild’s system.
    Take Note:-
    The Freemasons said NOTHING about this.
    The Freemasons could have stopped this legislation in it’s tracks.
    But they did nothing.
    (Just like they did nothing about the COVID Vaccinations)
    NB. also.
    The Freemasons always say “Freemasons are normal people just like you and me. Cough Cough”
    Well that’s nice.
    Why then are all the top political and corporate positions filled with either Jewish people or Freemasons or BOTH.?
    Having said that, here is a factual nudge about our planned country’s financial demise.
    ___________
    Stages of Privatisation
    First Tranche (1991):
    Issued 30% of the bank’s voting shares to the public on 12 September 1991 at $5.40 per share.
    Second Tranche (1993):
    The Keating Government sold an additional 19% of the bank’s shares, reducing government ownership to 51%.
    Third Tranche(1996):
    The government passed legislation to sell its remaining 51% stake. While the Keating Government initiated and legislated this final phase, the actual public share offer was finalized in July 1996, shortly after John Howard’s Coalition government took office in March of that year.

  16. Including tariff protections the quota system was what really stood out at protecting Australian farmers in that they knew what they were going to be paid before they sowed their paddocks so as long as their crop grew they could plan their future knowing they were fully protected financially .

  17. Chalmers is sold out to the baddies. He knows exactly what he is doing is a charade & masquerade. He would rather take the money than admit his deep guilt at knowing he is a fool & destroying a once strong country. Shame on him & many other selfish politicians.

  18. ‘She spotlights Treasury Secretary Scott Bessent’s “discreet” plan—echoed by Vice President JD Vance—to get economic growth to outpace debt . . .’
    .
    Absolutely spot on!. That’s exactly what’s going on, and for those playing the game. Its actually not even ”discreet.” As per normal, the information is restricted to those with a need to know. Spectators don’t need to know, so they won’t know.
    .
    Regular readers of the U.S. Department of the Treasury get daily updates from Mr. Bessant and co. His X post (14 Aug 2026, 3:23) didn’t mince words either – ‘Show me where Communism has ever worked . . . ‘
    .
    For those who watched the Musk interview [which I previously posted], the recent FED meeting shows that Kevin Warsh and the FED are in majority agreement with Musk. On the 5 August, the FED decided to hold rates. It was a 9:3 vote in favour. What this means is that the FED is in agreement with Musk’s recent revelation about increased productivity induced deflation. [Both Scott Bessant and Kevin Warsh worked for the GOAT of Wall Street, these guys aren’t academic economists, they’re the real deal].
    .
    What Musk correctly pointed out, was this [quote]. – ‘Inflation is simply the ratio of money to goods and services. So, if the goods and services output increases dramatically, if it increases say 1000%, you can literally print, or in this case, change the data base. Its not really printing money. . . . Provided the creation of that money is less than the rate at which goods and services increase, – you will actually have deflation. . . . So, I’ll make a prediction, which is that deflation will be the issue, not inflation. Because if the output of goods and services increases faster than the money supply, – you will have deflation.’ [unquote].
    .
    And what happened next? Of course, Kevin Warsh and the FED voted to expand the money supply. This allowed Scott Bessant to buy back U.S. Treasuries, hence the massive capital rotation of the past week. This is just the beginning. And the best is yet to come.
    .
    Any one can put the two together and see what this actually means. Most of us knew this would happen, as it had to happen, so we’ve been hoovering up the floor whilst the World’s most valuable assets were selling at a massive discount. The past year has been an asset squeeze. The pro’s were saying the amount of stupidity required to fuck this up would be monumental, and its now been proven, that a lot of people have that amount of stupidity.
    .
    Basically, what Scott Bessant was saying, was – ‘Do not ever, ever, ever test me.’ He did the Treasury buy-backs, the market rallied, then the next day, he said, – ‘By the way, that might not be enough,’ and you know why? – its because I’ve got the Treasury card. You’ve got your Amex, and J.P. Morgan cards, – but I’ve got the Treasury card.
    .
    Scott Bessant was saying, – ‘Don’t ever test me, because I will prove to you, that the card, the credit of the U.S. Treasury goes way beyond whatever doom and gloom boomer dreams you’ve got about everything’s going to collapse.
    .
    Scott’s basically saying, – ‘Oh, and by the way, you think you’re going against the money printer?, yeah, well you’re fucked.’
    .
    The M2’s going to expand and the chart’s been on full display at the Congressional Budget Office for nearly eight years. Its such a beautiful work of art I’ve got a copy hanging on my wall.
    .
    .

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