It's a paranoid fantasy, and so filled with factual errors I don't know where to begin.
Before the fed, banks were relatively unstable, especially in the MW.
They were completley beholden to upstream "elite NE banks" --- having to sell portions of their loans at aburdly low prices and borrow funds from the upstream banks at absurd prices when cash became low.
The imposed system pissed off a lot of people who used to make a lot of money in the above system and who first spread the garbage you promote back in tday.
Now, banks are stable and loans to consumers and businesses are much easier to come by and cheaper.
Terrible!
Listen to Rothbard first, then get back to me.
You are completely correct. It was the Money Center banks which PREVENTED a National Bank. 180 degrees the reverse of what these loons try and peddle. They stand the Truth upon its head.