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I obviously haven't spent a great deal of time on this because it's unlikely to ever happen

It's still good fun to exercise the mind with hypotheticals. The debate between a dictatorship, democratic and oligarchical system has been one that has raged throughout the history of man. It really is an interesting conundrum, one that may not have a right or wrong answer considering they have all succeeded many times and for many reasons, yet have all failed.

If I understand there were three central banks, two of which were abolished. One by Jackson, which is probably why he is slandered in the mainstream media. His successor has actually the one who committed the infamous "trail of tears" of the cherokee that they tout out constantly. Every time these banks were abolished, the nation entered a golden age. The fed absolutely needs to go.

Interesting system, there would definitely be deadlock and issues between the two paradigms though, to the point that there would likely be civil war and the suppression of one of these branches, as what happened in the war between federalists and anti-federalists in 1861. Unfortunately, I think the theocratic side would lose and the system would be eventually ruled over by the secularists unless money is absolutely uninvolved in the politics. Secularists are always driven by money.

Regardless, term limits are a must in any sort of democratic order.