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1/1/2011 Jefferson Spurious Quotations: Private Banks
Quotation: "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Earliest known appearance in print: 1937

Status: This quotation is at least partly spurious; see comments below. (The Jefferson Encyclopedia)
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posted: 4/3/11                   0       1
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1/27/2010 Sorry, Andrew Jackson Probably Never Said That "Den Of Thieves" Quote
Because Andrew Jackson was a determined opponent of entrenched banking interests, he has become a heroic figure to many who opposed the bailout of our financial system. Unfortunately, he probably never spoke some of the most famous words attributed to him. Here's the alleged quote: Congress in 1836, Jackson closed the second Federal Bank (est. 1816) with these comments: The bold effort the present (central) bank had made to control the government. . . are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it. I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country. (Business Insider)
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posted: 4/3/11                   0       1
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keywords: Andrew Jackson, Baltimore, Federal Reserve, First Bank Of The United States, Frank Grizzard, George Washington, George Washington Papers, Lawrence Washington, Niles Register, Philadelphia, Second Bank Of The United States, Smithsonian Institute, Spanish Inquisition, Stan Henkles, Torture, US Congress, United States, University Of Virginia, Wall Street, Washington DC Add New Keyword To Link



12/7/2006 I killed the Bank
When asked what his greatest accomplishment had been during his two terms as President, Andrew Jackson replied "I killed the Bank." He was talking about the "Second Bank of the United States", which was our country's second central bank. So, why was Jackson so passionate about terminating the central bank? And why did he believe that central banks were so insidious? And why should you care? A couple of reasons you might be interested to know about what motivated Jackson: 1. Though Jackson ended the central bank, it was re-created in 1913 under a new innocuous-sounding name "The Federal Reserve", which is still with us today. 2. Also, it's interesting to note that Andrew Jackson's populist message relating to banking helped to launch the Democratic party. http://en.wikipedia.org/... Andrew Jackson, outmaneuvered for the Presidency in 1824, combined with Martin Van Buren to form a coalition that defeated Adams in 1828. That new coalition became a full-fledged party that (by 1834) called itself Democrats. (Daily Kos)
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posted: 11/28/10                   0       1
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12/28/1913 History of the Federal Reserve System
The enactment of the Federal Reserve Act

In its final form, the Federal Reserve Act represented a compromise among three political groups. Most Republicans (and the Wall Street bankers) favored the Aldrich Plan that came out of Jekyll Island. Progressive Democrats demanded a reserve system and currency supply owned and controlled by the Government in order to counter the "money trust" and destroy the existing concentration of credit resources in Wall Street. Conservative Democrats proposed a decentralized reserve system, owned and controlled privately but free of Wall Street domination. No group got exactly what it wanted. But the Aldrich plan more nearly represented the compromise position between the two Democrat extremes, and it was closest to the final legislation passed.

The day before the bill was passed, Murdock told Congress: "You allowed the special interests by pretended dissatisfaction with the measure to bring about a sham battle, and the sham battle was for the purpose of diverting you people from the real remedy, and they diverted you. The Wall Street bluff has worked." (Wikipedia)
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posted: 6/2/10                   0       8
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keywords: 1907 Panic, Alan Greenspan, Andrew Jackson, Arsène Pujo, Bertie Charles Forbes, Bretton Woods, Carter Glass, Charles D Norton, Charles Lindbergh Sr, Council On Foreign Relations, Dow Jones, Edward House, Elihu Root, Federal Reserve, Financial Crisis, First Bank Of The United States, First National Bank Of New York, Frank Vanderlip, Germany, Henry Davison, JP Morgan Chase, Jekyll Island, Jimmy Carter, John D Rockefeller Jr, Kuhn Loeb & CO, Louis Brandeis, National City Bank, National City Bank Of New York, National Monetary Commission, Nelson Aldrich, New York, Paul Volcker, Paul Warburg, Residential Mortgage-backed Securities, Robert L Owen, Robert Lafollette, Samuel Untermyer, Second Bank Of The United States, The New York Times, US Civil War, US Congress, US Department Of State, US Department Of The Treasury, United States, Victor Murdock, Wall Street, William Jennings Bryan, Woodrow Wilson, World War I Add New Keyword To Link




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