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This all represents the disconnect of people who think that somehow that life was better in the horse-and-buggy days, when we didn't have electricity, or computers. The truth is that life was simpler then, but, in many respects, not better. (Things are never so bad as they were in the "Good'Ol Days".)
The simple truth is that we can't have commerce today without centralized (and regulated) banking. Indeed, without banking, we can't bank on anything.
We existed before 1913 and actually did do commerce without a central bank.
The central banks around the world exist for the banks themselves.
We existed before 1913 and actually did do commerce without a central bank.
The central banks around the world exist for the banks themselves.
The Bank of England tried to assassinate Jackson.
Not only for the central banking deal, owned by English influence, he also place tariffs on England, lessening the Bank of England's influence. Kicked off the industrial revolution into high gear.
This all represents the disconnect of people who think that somehow that life was better in the horse-and-buggy days, when we didn't have electricity, or computers. The truth is that life was simpler then, but, in many respects, not better. (Things are never so bad as they were in the "Good'Ol Days".)
The simple truth is that we can't have commerce today without centralized (and regulated) banking. Indeed, without banking, we can't bank on anything.
When did that change? Has there always been a central bank in every single nation from the beginning of time?
Everything Andrew Jackson warned about and fought against, has come to do exactly what he said it would.
So what would ending the Federal Reserve do? What is he screaming about, that we re not killing enough American Indians, his favorite hobby?
It's nice to know that even gleeful perpetrators of systematic genocide get to go 'up there'. Maybe one day you and your family will be killed by death squads of a foreign power and future peoples can sing songs glorifying your obviously deserved demise.
Andrew Jackson was one of the worst presidents in the history of the United States of America!!! He is not a person to be looked up to...
"In addition to being the biggest slaveowner in the southwestern United States, Jackson was a believer in Manifest Destiny--what he and others considered the God-given right of whites to conquer North America, from coast to coast.
When Jackson discovered gold on Cherokee land in Georgia, he simply ignored existing treaties and had one of his own agents, John Ridge, "negotiate" the Treaty of New Echota on behalf of the Cherokees--forcing their displacement on what became known as the "Trail of Tears."
Jackson is also the only president in U.S. history to openly defy a Supreme Court ruling. In response to Worcester v. Georgia (1832), Jackson was reported to have said: "John Marshall has made his decision. Now let him enforce it!"
Andrew Jackson was one of the worst presidents in the history of the United States of America!!! He is not a person to be looked up to...
"In addition to being the biggest slaveowner in the southwestern United States, Jackson was a believer in Manifest Destiny--what he and others considered the God-given right of whites to conquer North America, from coast to coast.
When Jackson discovered gold on Cherokee land in Georgia, he simply ignored existing treaties and had one of his own agents, John Ridge, "negotiate" the Treaty of New Echota on behalf of the Cherokees--forcing their displacement on what became known as the "Trail of Tears."
Jackson is also the only president in U.S. history to openly defy a Supreme Court ruling. In response to Worcester v. Georgia (1832), Jackson was reported to have said: "John Marshall has made his decision. Now let him enforce it!"
He was a very good on economics but was horrific when it came to equality. He slaughtered natives for no reason other than the color of their skin. No matter how good he was on the economy all those lives he ended cannot make up for it. No different than the plethora of Presidents who continue to murder innocents in the Middle East.
We existed before 1913 and actually did do commerce without a central bank.
The central banks around the world exist for the banks themselves.
The 3rd congress of the United States established the Bank of the United States in 1793. It can be easily argued that that particular congress consisted mostly of founding fathers, and so the founding fathers wanted a central bank, recognized the value of a central bank.
The nascent culture of the industrialists of the late 18th century knew the value of a central bank, and the value of a stable currency.
Farmers have traditionally hated banks in general and the idea of a central bank in particular.
Today the free market apologists decry the fed and seem to be embracing the free market alternative of bit coin. I guess they want the same people who destroyed the economy in the late 2000's to have their way with our currency. Anyone think the big boys wont escape scott free and whole the next time bit coin crashes?
1) Taxpayers don't pay intragovernmental debt. Most of the interest is intragovernmental debt.
2) Taxpayers don't "pay" for anything, actually. All government spending "debt" is created electronically.
3) People have no right to control the currency of their country. People can't even manage their own finances, let alone regulate national currency.
1. what you mean is the federal reserve buys our government debt and then we pay federal reserve
then they return 94-5% of it while they keep the rest to give out to member banks and themselves as salary and bonuses
so 6% of a trillions is a heck of a lot still.
no wonder they love lending so much without doing one iota of real work.
2. what you mean is tax payers have no choice and government takes a cut electronically to spend the money. and also the money is done electronically in a set budget such that it borrows money and deficit spend thus devalue our money supply without our consent.
3. no right? we are the ones giving the currency value not the government. if we refused to accept the dollar the dollar would instantly collapse.
our labor and resources is what gives the dollar value NOT the government
remember that
Last edited by gen811; 07-12-2014 at 04:22 AM..
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