"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     
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     -- 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     
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    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     
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    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     
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    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     
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    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     
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    I hope so Mike because your attempt above is incoherent bull.
     -- Waffler, Smith, Arkansas     
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    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     
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    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     
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    America is too fat and too stupid to wake up.
     -- Anonymous, Concord, Ca.     
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     -- Anonymous      
    IT IS TIME FOR A REVOLUTION!!!
     -- Bob, jersey     
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    people are just dumb now
     -- Kayleena, AZ     
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    kayleena, yes, they are! made dumb, and kept dumb by corporate media!
     -- dc, portland, or     
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    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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    The very idea of a central bank is communist in nature and made all the more heinous by the fact that its owned and run by private foreign interests who couldn't care less about Americans. The fact that the "currency" we use is issued as debt means we are indeed slaves who will be paying off the interest on these loans in perpetuity. Abolish the Fraudulent Reserve and its gangster collection wing.
     -- J Carlton, Calgary     
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    Owning a bank is a license to steal.
     -- jim k, Austin, Tx     
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    Waffler, what part of my explanation is incoherent bull ? If I jump off a cliff, what is incoherent bull about gravity (a natural law) If I spend more than I can pay back, what is incoherent bull about the fiscal law (bankruptcy) I understand your incoherent confusion about theft, having worked for the IRS and all your other passionate support of communism. From your previous comments, having delved into accounting, you should understand the natural law of numbers.
     -- Mike, Norwalk     
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    Waffler, I will write this real slow so you might begin to grasp at least the smallest of understanding. In Exodus 20:13 it says: "Thou shalt not kill" The word kill is translated from the Hebrew 'ratsach' {raw-tsakh} which would be more accurately translated 'murder'. Anyway, thou shalt not kill or murder would be the 'Natural Law'. As a stand a lone statement, it is to broad for man's legal administrations.Man is then to study history, his society's mental, physical, religious make-up, how the subject matter benefits / hinders the individual and society, individual sovereign rights, etc. along with the related consequences thereof. Using reason, man should then put into place codes, ordinances, regulations, rules, statutes, etc. to best describe the natural law. In American jurisprudence, man has defined natural law with in the scope of 1st degree murder, 2nd degree murder, man slaughter, etc. The definitions are not law, but hopefully the most accurate definitions of law possible for that given society. Common law's administration enables the judge / juror to judge the fact and law (man's definitions) to best satisfy justice. Samuel Adams written statement ("The natural liberty of man is to be free from any superior power on Earth, and not to be under the will or legislative authority of any, but only to have the law of nature for his rule" (The Rights of the Colonists - 1772)) describe natural law and man's legal relation thereto very well.
     -- Mike, Norwalk     
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    Waffler, the more accurate man's definitions describe natural law, the more man will experience true freedom, liberty, prosperity and the nobility of man - his personal sovereignty, individual rights and divine position in eternity. Natural Law's categorical fiscal law is but one more example. When man's rules are antithetical to natural law, recessions, depressions and other destructive financial consequences are the result. The more accurate man's economic related endeavors are to natural law, the greater the prosperity. It was said extremely well in Joshua 24:15 "choose you this day whom ye will serve; whether the gods which your fathers served that were on the other side of the flood, or the gods of the Amorites, in whose land ye dwell." Even for those that don't believe in a God, the experienced result is the same; live by natural law and prosper, live by carnal man's rules and do something else.
     -- Mike, Norwalk     
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    Excellant?!!! I understand that the fact that he killed the central bank is on his tombstone. It took the BANKSTERS 70 years to make another one. Just so long for the people to forget their history.
     -- Deborah, Kansas     
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