I stopped reading right there. Why do you post this KKK idiocy on FR?
The guy was a crook...
Don't fall for the conspiracy theories. The Federal Reserve is the only part of government that is actually doing what it's supposed to be doing.
Von Mises, Rothbard, the associated organizations and schools, etc., also work(ed) for new world order.
NWO fallback plan if the current system is dumped is to have the public “insist” on “gold backing” for dollars.
The relative scarcity of gold means that the government would continue to borrow, and the financial elites’ gold business would also profit immensely.
Rio Tinto, etc., are all “bankster” companies. For example, Herbert Hoover worked for new world order and served on Rio Tinto’s board of directors.
The only way out of the grip of financial elites is for government to produce it’s own money, with no requirement for going to them to borrow or buy precious metals. In short, the government would not need international banking at all; that would end the influence.
Jackson was a political opportunist of the worst sort and a total demagogue. The BUS posed no threat to him or any common person. In fact, the economy had done very, very well under the BUS---largely because we had COMPETITIVE banking in which any bank could issue money and COMPETE with the "government" bank. Guess what? When you have competition with the private sector, things stay pretty efficient (and the BUS was 80% privately owned). Jackson feared the market.
I go into detail on all this in my first national book, "Banking in the American South from the Age of Jackson to Reconstruction." It's typical of the Mises people to try and make this about Jackson fighting "big government," but nothing could be further from the truth. Government grew, per capita, under Jackson just as it had under every other president.
I will give him a pass on the Panic of 1837---that wasn't his doing and had nothing to do with his "war" on the BUS, as many historians have proven. Rather, Mexican silver, which had helped create inflation in the early 1830s, abruptly ended causing a depression.
But a national bank is a fact of life because every nation needs access to quick money in case of emergency, especially war. And loans are better than taxes.
Bump for later
It’s hard to believe that guy who said that is now on the $20 bill.
I believe he's on there out of spite...
http://www.silverdoctors.com/100-reasons-to-shut-down-the-fed-forever/#more-36553
Because the bankers knew they could control the money supply, the money laundering, and take 4% per year out of the flow of money as an illegal skim. They knew they could force people into mortgages, car loans, and loans of all kinds by offering cheap money, which raises prices to the point where a loan is practically necessary. They salivated at creating the fed for 100 years prior but they need a public catalyst to allow them to do it and the robber barons were their ticket as they used class warfare to gain public support against “the filthy rich!”