Truck Fump / h1b
Verified User
Haha, the economy tanked because Jackson deliberately crippled the financial structure of America. One particular fallout was that federal surpluses had been getting kicked back to the states for years which in turn speculated in western lands (like real estate). When the economy tanked, the surpluses went away, the land values tanked, and the states were left with massive debts.
There was no federal reserve back then, btw. Of course, there were no bailouts either, and somehow the economy magically recovered eventually. Since opposition to bailouts is the only thing we agree on, I guess the liberals missed this chapter of history...
Anything against banker power and control is revised in history as "ruining the economic infrastructure".
Bankers always pop the bubbles as punishment. They get out in time, if you can imagine it.
http://www.pacinst.com/terrorists/chapter2/jackson.html
Andrew Jackson was not happy with the central bank. When Biddle sought to renew the bank’s charter in 1832, President Jackson put his re-election bid on the line and vetoed Congress’ attempt to renew the charter. He vetoed it for three reasons. The bank was becoming a monopoly; it was unconstitutional, and it was a grave danger to the country by having the bank heavily dominated by foreign interests (the Jesuits).
Jackson felt that the very security of America was in danger from these foreign interests. He said:
Is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? Is there not cause to tremble for the purity of our elections in peace and for the independence of our country in war? Controlling our currency, receiving our public monies, and holding thousands of our citizens in dependence, it would be more formidable and dangerous than a naval and military power of the enemy. — Herman E. Kross, Documentary History of Banking and Currency in the United States, Chelsea House, pp. 26, 27.
Jackson’s comments were nothing new. Others understood the power wielded by those who ran the bank. Mayer Rothschild said:
Let me issue and control a nation’s money and I care not who writes the laws. — G. Edward Griffin, The Creature from Jekyll Island, American Opinion Publishing, p. 218.
This is the Jesuits’/Rothschilds’ golden rule. The one who has the gold makes the rules!
Griffin then writes:
The Rothschild dynasty had conquered the world more thoroughly, more cunningly, and much more lastingly than all the Caesars before or all the Hitlers after them. — Ibid, p. 218.
Thomas Jefferson has this to say about the central bank.
A private central bank issuing the public currency is a greater menace to the liberties of the people than a standing army... We must not let our rulers load us with perpetual debt. — Ibid. p. 329.
The Jesuits used Biddle and Rothschild to gain the upper hand in American banking because they knew they could then control the people and effectively re-write the Constitution according to papal law. Jackson was trying to stop them.
Let us take a closer look at the central bank and see why it is so dangerous. Most people do not understand the central bank, the Federal Reserve Bank. Here is a very simplified scenario that pretty much explains one of the operations of the Federal Reserve.
It is necessary to understand that the Federal Reserve Bank is not owned by the United States government as many believe. The central bank, the Federal Reserve Bank, is a private bank, owned by some of the richest and most powerful people in the world. This bank has nothing to do with the U.S. government other than the connection, which allows the operation described below. The Federal Reserve Bank has a total, government-enforced monopoly in money. Before we had the central bank, each individual bank competed with other banks; the customers, the consumers, got the best deal. Not any more.
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