Famous Andrew Jackson Quote 

"The bold effort the present 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."

by:
Andrew Jackson
(1767-1845) 7th US President
Source:
To Congress in 1836, Jackson closed the second Federal Bank (est. 1816) with these comments
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Reader comments about this quote:
 -- Bilbo, Berlin 
History and natural law forgoten once again.
 -- Mike, Norwalk		 
 -- Anonymous 
Bryan of Stuart, Fl. was correct earlier when he said we never learn from history. We are now exploring the middle ground between rampant banking and destruction of banking, now we will regulate, regulate, regulate. Banking for the People!
 -- Waffler, Smith, Arkansas		 
Waffler, FYI. The reason we can learn from the past is because Natural Law does not change. How does the saying go, 'if you keep doing the same thing expecting a different result, that is the definition of insanity' When man regulates, regulates, and regulates; or, deregulates, deregulates, and deregulates (for regulation/deregulation's sake only) without consideration of Natural Law, expecting a different result, then - - -. Adherence to law, is what makes man free, politically, morally, ecinomically, etc.. Natural Law defines liberty. Concerning banks, money, and economics in general, there are set fiscal laws and it is up to man to discover those laws and administer such (at law -that's what codes, ordinances, regulations, rules, statutes, etc. are for).
 -- Mike, Norwalk		 
Some day Mike you might actually say what you mean by Natual Law, maybe you can start today by telling us what is th Natural Law of banking.
 -- Waffler, Smith, Arkansas		 
I won't make light of your question because, I don't think you have a clue. I actually said what I meant. And, no matter what I say, you won't believe it because it doesn't fit in with your desire to legitimize larceny, compelled compliance, rape, murder, despotism, tyranny, etc. For me to explain to you, you would have to understand the finiteness of law. Anyway, briefly. There are natural laws concerning property (with relationships there to, such as ownership -individually, jointly, in common etc.), The law of property is to broad to administer or enforce so regulation, statutes, etc. are set forth (hopefully in harmony with the natural law of property) to give a true and liberating order. There are fiscal laws also. Fiscal laws are also to broad to administer or enforce so regulation, statutes, etc. are set forth (hopefully in harmony with the natural law again; - if you spend more than you take in, the them is bankrupt ) to give such order. There are laws concerning larceny, again to broad (current society partially defines larceny by grand theft, petty theft, etc.). All laws (physical or otherwise) are invisible to the eye or microscope but have consequences none the less. The closer we harmonize with those laws with our definitions (regulations, statutes) the greater is our freedom. It doesn't matter if I jump off a cliff or spend more than I have, the law defines the consequence. Banking, as per your reference is a central point (property entering, staying and leaving) that deals with or falls under many laws. There is no "the Natural Law of banking". Banking must be regulated as per Natural Laws concerning property, larceny, fiscal endeavors, inalienable rights, etc. This blog is not the forum to educate on the basics of life or the laws that relate thereto but I hope this helps. I'm sure the continuing quotes here will give opportunity to explain further.
 -- Mike, Norwalk		 
Jefferson killed the first attempt at central banking and warned future generations. Jackson killed the central bank in his time as the debts mounted -- there was a very prosperous time shortly afterwards. The Federal Reserve is exactly what Jefferson and Jackson warned us about. The 'right' to 'create' money out of nothing belongs to no one -- it is merely counterfeiting. What if counterfeiting were made 'legal' for a single private corporation? It would not be very long before that corporation owned everything -- and everyone. Waffler, you do not know ANYTHING about how money is created. Here is a simple natural law: a promise is a promise, not the 'real thing.' When we treat promises as the 'real thing' we expose oursleves to the risk that the promise will not be kept. Reality is reality -- anything less is just hot air. Here is another natural law: the borrower is subservient to the lender. If you want to be 'free' you cannot be in debt. Nothing can change that -- either you are your 'word,' or you are a liar. Waffler is not free nor does he need to be -- he needs to be taken care of and considers this to be his 'right.' According to natural law, that makes him a willing slave.
 -- E Archer, NYC		 
I hope so Mike because your attempt above is incoherent bull.
 -- Waffler, Smith, Arkansas		 
E Archer you are absolutely correct. Money is debt and we are the borrowers therefore we are subservient to the lenders, "the corrupt elite" who will do anything to create more profits for themselves.
 -- LM, NYC		 
We were warned. We should have listened. Americans are so ignorant to what the federal reserve is, money creation and monetary policy. I love America, but the America I love died in 1913 with the creation of the fed and the passing of the unconstitutional 16th Amendment. It's time to wake up people our nation has been brought to its knees by a small group of dominant central bankers.
 -- Greg, Long Island, NY		 
America is too fat and too stupid to wake up.
 -- Anonymous, Concord, Ca.		 
 -- Anonymous 
IT IS TIME FOR A REVOLUTION!!!
 -- Bob, jersey		 
people are just dumb now
 -- Kayleena, AZ		 
kayleena, yes, they are! made dumb, and kept dumb by corporate media!
 -- dc, portland, or		 
He was right then and he was right now and Americans have been apathetic prefering comfort and security over liberty and now have lost both. Shame on us.
 -- Anonymous, Minneapolis		 
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