Andrew Jackson on the Bankers

“It is easy to conceive that great evils to our country and its institutions might flow from such concentration of power in the hands of a few (bankers) (who are) irresponsible to the people. Controlling our currency, receiving our public money, and holding thousands of our citizens in dependence…would be more formidable and dangerous than a military power of the enemy…”

— Andrew Jackson

3 thoughts on “Andrew Jackson on the Bankers

  1. Andrew Jackson understood what the Kazarians call “the secret of money”, and he was one of our presidents who successfully threw the Rothschilds out of here.

    He was the only one to do so without being killed for it, because BOTH guns used in the attempt on his life misfired.

  2. Banking c**ksuckers! Played Napoleon and Hitler like fiddles. Someone else fiddled Rome away. GWB, he was just a shit stain in the shorts. Dick Cheney, he was just the chunks in the shit stain.

    Let’s all dust off the fiddle, get some horse wax, and fiddle up a storm! Well, dammit, where did I leave that Stratavarious?

  3. Thomas Jefferson to Thomas Cooper, 1814. ME 14:61: “Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs.”

    Thomas Jefferson: “If the debt which the banking companies owe be a blessing to anybody, it is to themselves alone, who are realizing a solid interest of eight or ten per cent on it. As to the public, these companies have banished all our gold and silver medium, which, before their institution, we had without interest, which never could have perished in our hands, and would have been our salvation now in the hour of war; instead of which they have given us two hundred million of froth and bubble, on which we are to pay them heavy interest, until it shall vanish into air… We are warranted, then, in affirming that this parody on the principle of ‘a public debt being a public blessing,’ and its mutation into the blessing of private instead of public debts, is as ridiculous as the original principle itself. In both cases, the truth is, that capital may be produced by industry, and accumulated by economy; but jugglers only will propose to create it by legerdemain tricks with paper.”

    Thomas Jefferson to John W. Eppes, 1813. ME 13:426: “It is said that our paper is as good as silver, because we may have silver for it at the bank where it issues. This is not true. One, two, or three persons might have it; but a general application would soon exhaust their vaults, and leave a ruinous proportion of their paper in its intrinsic worthless form.”

    Thomas Jefferson: “Specie is the most perfect medium because it will preserve its own level; because, having intrinsic and universal value, it can never die in our hands, and it is the surest resource of reliance in time of war.”

    Thomas Jefferson: “Paper is poverty,… it is only the ghost of money, and not money itself.”

    Thomas Jefferson: “Experience has proved to us that a dollar of silver disappears for every dollar of paper emitted.”

    Thomas Jefferson: “The evils of this deluge of paper money are not to be removed until our citizens are generally and radically instructed in their cause and consequences, and silence by their authority the interested clamors and sophistry of speculating, shaving, and banking institutions. Till then, we must be content to return quoad hoc to the savage state, to recur to barter in the exchange of our property for want of a stable common measure of value, that now in use being less fixed than the beads and wampum of the Indian, and to deliver up our citizens, their property and their labor, passive victims to the swindling tricks of bankers and mountebankers.”

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