President Andrew Jackson "Kills" the Bank and the Bankers almost Kill President Jackson!

Episode 12 from: The Federal Reserve is neither Federal nor a Reserve. It is one of the Greatest Scams of Alltime!

Throughout the history of the United States there has been a vicious struggle between central bankers and those who oppose them. In fact, the United States was created out of that struggle.

During a visit to Britain in 1763, The Bank of England asked Benjamin Franklin to explain the new found prosperity in the colonies. Franklin replied:

"That is simple. In the colonies we issue our own money. It is called "Colonial Script." We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner, creating for ourselves our own paper money we control its purchasing power, and we have no interest to pay to no one."

The Bank of England was none to happy and so the bankers convinced British Parliment to put a stop to Colonial Script. The Currency Act of 1764 did just that and the Colonial Script was to be exchanged at a rate of 2:1 with Bank of England Notes.

The result was widespread unemployment and economic depression in the colonies!

Twenty-seven years pass and the European bankers start a private Central Bank known as The First Bank of the United States. Secretary of State Thomas Jefferson argues that the bank violates traditional property laws. He goes on to say;

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation and then deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from banks and restored to the people to whom it properly belongs."

The First Bank of the United States was given a 20 year charter. In the first 5 years of operation, the American government borrowed $8.2 million and prices rose by 72%. After the 20 year charter expired the government voted against renewing it and the bank closed its doors on March 31, 1811.

Nathan Mayer Rothschild, son of Mayer Amschel Rothschild head of Europe's most powerful banking family was reported as saying that "the United States would find itself involved in a most disastrous war if the bank's charter were not renewed." Five month's after The First Bank of the United States closed the British declared war on the United States. (The War of 1812) allegedly financed by loans from the Rothschild's.

Four years later The Second Bank of the United States was chartered in 1816 ... the European bankers were back!! Andrew Jackson was an advocate of sound monetary policies as outlined in the U.S. Constitution and opposed the central bank system of issuing currency against debt. So he had an investigation done on the bank and discovered "beyond question that this great and powerful institution had been actively engaged in attempting to influence the elections of public officers by means of its money."

On July 10, 1832 President Jackson veteod Congress' decision to renew the charter of The Second Bank of the United States. He said;

"It is not our own citizens only who are to receive the bounty of our government. More than 8 millions of the stock of this bank are held by foreigners ... 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? Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence would be more formidable and dangerous than a military power of the enemy."

In 1835 Jackson paid off the final instalment on the national debt. He was the first and only president to ever accomplish this!

Speaking about the bankers he said;

"You are a den of vipers, I intend to rout you out, and by the Eternal God I will rout you out! If the people only understood the rank injustice of our money and banking system there would be a revolution before morning."

A few weeks later, Richard Lawrence, attempted to assasinate President Andrew Jackson who then told his Vice President Martin Van Buren, "The Bank Mr. Van Buren IS TRYING TO KILL ME."

Richard Lawrence allegedly told several friends that wealthy people in Europe had promised to get him released should he be caught.