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#1 | |||
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![]() ![]() Posted by Matt Hawes on 10/17/08 source: campaignforliberty.com Quote:
"The paper-money system and its natural associations--monopoly and exclusive privileges--have already struck their roots too deep in the soil, and it will require all your efforts to check its further growth and to eradicate the evil. The men who profit by the abuses and desire to perpetuate them will continue to besiege the halls of legislation in the General Government as well as in the States, and will seek by every artifice to mislead and deceive the public servants. It is to yourselves that you must look for safety and the means of guarding and perpetuating your free institutions. In your hands is rightfully placed the sovereignty of the country, and to you everyone placed in authority is ultimately responsible." Quote:
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Andrew Jackson 'Old Hickory', Seventh President of the United States 1829 - 1837 Military Governor of Florida 1821 US Representative Tennessee 1796 US Senator Democratic-Republican 1797 Judge Tennessee Supreme Court 1798 - 1804 Second Bank of the United States...Opposition to the National Bank The Second Bank of the United States was authorized for a twenty year period during James Madison's tenure in 1816. As President, Jackson worked to rescind the bank's federal charter. In Jackson's veto message (written by George Bancroft), the bank needed to be abolished because: ~It concentrated the nation's financial strength in a single institution. ~It exposed the government to control by foreign interests. ~It served mainly to make the rich richer. ~It exercised too much control over members of Congress. ~It favored northeastern states over southern and western states Following Jefferson, Jackson supported an "agricultural republic" and felt the Bank improved the fortunes of an "elite circle" of commercial and industrial entrepreneurs at the expense of farmers and laborers. After a titanic struggle, Jackson succeeded in destroying the Bank by vetoing its 1832 re-charter by Congress and by withdrawing U.S. funds in 1833. 1833 Democratic cartoon shows Jackson destroying the devil's Bank The bank's money-lending functions were taken over by the legions of local and state banks that sprang up. This fed an expansion of credit and speculation. At first, as Jackson withdrew money from the Bank to invest it in other banks, land sales, canal construction, cotton production, and manufacturing boomed. However, due to the practice of banks issuing paper banknotes that were not backed by gold or silver reserves, there was soon rapid inflation and mounting state debts. Then, in 1836, Jackson issued the Specie Circular, which required buyers of government lands to pay in "specie" (gold or silver coins). The result was a great demand for specie, which many banks did not have enough of to exchange for their notes. These banks collapsed. This was a direct cause of the Panic of 1837, which threw the national economy into a deep depression. It took years for the economy to recover from the damage. The U.S. Senate censured Jackson on March 28, 1834, for his action in removing U.S. funds from the Bank of the United States. When the Jacksonians had a majority in the Senate, the censure was expunged. source: wikipedia endthefed.us rally 11/22/2008 Last edited by peaceandlove; 11-26-2008 at 02:21 PM. |
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#2 |
Avalon Senior Member
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wow I rated it before I seen it was you
what a great post Peace and Love ![]() |
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#3 | ||||
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Congressman Davy Crockett...NOT YOURS TO GIVE...regarding Bailouts in the early 1800's
Source: http://www.constitutionparty.com/doc...ett_CPweb_.pdf Congress was considering a bill to appropriate tax dollars for the widow of a distinguished naval officer. Several beautiful speeches had been made in support of this bill. It seemed that everyone in the House favored it. The Speaker of the House was just about to put the question to a vote, when Davy Crockett, famous frontiersman and then Congressman from Tennessee, rose to his feet. Quote:
The next day a friend approached Crockett and asked why he had spoken against a bill for such a worthy cause. In reply, Crockett related the following story: Just a few years before, he had voted to spend $20,000.00 of public money to help the victims of a terrible fire in Georgetown. When the legislative session was over, Crockett made a trip back home to do some campaigning for his re-election. In his travels he encountered one of his constituents, a man by the name of Horatio Bunce. Mr. Bunce bluntly informed Crockett: Quote:
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For Freedom, For Peace, For Prosperity VOTE THIRD PARTY Last edited by peaceandlove; 02-03-2009 at 02:10 AM. |
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#4 |
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What an eye opener, i'm very grateful for this piece and the enlightenment it brings me...thanks so much for posting Peace and Love...Bravo!
peace sylph |
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#5 |
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THOMAS JEFFERSON
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." source: rumormillnews.com (Not so sure I agree with the conquered part, but the rest is very relevant.) Presidential Election of 1800 After lengthy debate within the Federalist-controlled House,Hamilton convinced his party that Jefferson would be a lesser political evil than Burr and that such scandal within the electoral process would undermine the still-young regime. The issue was resolved by the House, on February 17, 1801 after thirty-six ballots, when Jefferson was elected President and Burr Vice President. Burr's refusal to remove himself from consideration created ill will with Jefferson, who dropped Burr from the ticket in 1804 after Burr killed Hamilton in a duel. source: wikipedia Jefferson's Death Jefferson died on the Fourth of July, 1826, the 50th anniversary of the adoption of the Declaration of Independence. He died a few hours before the death of John Adams, his compatriot in their quest for independence, then great political rival, and later friend and correspondent. source: wikipedia Thomas Jefferson, Third President of the United States 1801 - 1809 Principle Author of the Declaration of Independence 1776 Governor of Virginia 1779 - 1781 United States Secretary of State 1789 - 1793 Second Vice President 1797 - 1801 Last edited by peaceandlove; 02-03-2009 at 02:11 AM. |
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#6 |
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"The bold efforts the present bank has made to control the government.... are but premonitions of the fate that awaits the american people should they be deluded into perpetuation of this institution, or the establishment of another like it" ~Andrew jackson in refernce to nationalized banking & the likes of companies of the same nature as the federal reserve.
http://video.google.com/videoplay?do...05277695921912 |
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#7 |
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The quotes from Andrew Jackson on Biddle's "monster" are poignant, but we have to keep in mind the historical context of Jackson's words - and the hypocrisy of his actions.
Jackson was rash and egotistical, and as the self-proclaimed standard bearer for Jeffersonian ideals, he naturally fell out with those who inherited the Hamiltonian ideals. During the latter years of his reign, his fight against paper, internal imporvements, etc. was just as much about personal vendettas and politics as it was about ideology. And his love of the Constitution, as it concerned strict-contructionism, was nowhere to be found after Chief Justice John Marshal's ruling in Worchester v. Georgia. Ask the Cherokee Nation, or the Creek Nation, or the Shawnee, etc. just how easily Jackson could dispense with his "strict-constructionist" view. Jackson was a vulgar, violent parasite who derailed Presidential politics for a generation. |
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#8 | |
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![]() Quote:
Blessings History Circus, Thank you for your reply. I appreciate your contribution to the thread and historical knowledge. I've seen your Avatar and assumed you were a History Major or a major student of history. I hoped you could contribute more than I as I don't claim to be historically or politically minded. My posts were sourced on the internet. Referencing hatred of Indians and prefacing the way we were only brings attention to it. If we have not completely evolved beyond racism, prejudice and greed whose fault is that? It is the parents and the elders who teach the children. The post was not about Presidents who lie as political promises tend to be broken. It was not about forgiving our ancestors, although we should. It was not about crooked politicians. It was about words (although sometimes superficial), our current economic situation and our Constitutional Rights being derailed. It was the thought that counts. The fact that history repeats itself, that lessons have not been learned and the hope that the words may inspire some people to vote, to stand up for themselves, to make a difference in their brother's, their sister's, their children's and grandchildren's future. To stand up to the bureaucracy... To understand that without desire there is no hope... AND WITHOUT HOPE THERE IS NO FUTURE! Voting for Politicians that support Bailouts is voting for the destruction of our Constitution...VOTE THIRD PARTY Last edited by peaceandlove; 11-26-2008 at 02:33 PM. |
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#9 | |
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#10 |
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Frosty,
It is a possibility I'm willing to entertain, but incredibly skeptical of. Peace, I would even question Jackson's motivation for attacking paper - Jackson was a land speculator, and his boy Coffee was too. Either Jackson figured out, or (more likely) had someone explain it to him, that the gazillions of acres of land that they had worked so hard to dispossess Indians of might deflate in value if currency liquidity became widespread. A lack of specie can drive prices up, and would make his lands for sale more valuable. The spread of paper would drive it down. His fight against paper was really a fight over making sure that his and his buddies' lands fetched top dollar on the market. |
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#11 |
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There is a Revolution Happening.
Join them at endthefed.us Rally to take place 11/22/2008 Ron Paul introduced a bill to abolish the Federal Reserve in the House on June 15, 2007 http://www.govtrack.us/congress/bill...bill=h110-2755 Updated Information 9/19/2008 H.R. 2755 Federal Reserve Board Abolition Act Help restore financial stability to America's economy by using the form here to contact your representative: http://capwiz.com/jbs/issues/alert/?alertid=10887821 Experts Endorsing Ron Paul's Sensible Plan to Permanently Dismantle Federal Reserve The trillion-dollar Wall Street bailout plan negotiated by the White House and Congress has reinvigorated the debate about Texas Republican Rep. Ron Paul’s Federal Reserve Board Abolition Act (HR 2755), which was introduced into Congress in June 2007. Ron Paul financial advisor Paul Schiff responded: “The Fed got us into this mess. It drives me crazy to see Alan Greenspan on television talking about this ‘100 year flood,’ like the events that are taking place today are random and have nothing to do with his monetary policy. He blew up the bubble, and now it’s burst.” the rest of the article at: http://www.americanfreepress.net/htm...serve_151.html |
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#12 |
Avalon Senior Member
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The Fed isn't going away, get used to it.
The ONLY way it will go away is if the US collapses and doesn't need the Fed and if that happens, well, we will have bigger issues to worry about than money. |
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