Where's Andrew Jackson when you need him?
100 years ago, in response to a financial crisis only a few years before, the powerful banking elite and powerful political elite met in secret in a remote location to draft a piece of legislation that would "reform" the banking industry and prevent future crises.
In supreme irony, in response to a crisis actually caused by the very reforms that legislation 100 years ago implemented, we see again the powerful banking elite and the powerful political players collaborating to impart their vast wisdom on the rest of us and "prevent" future crises with a "financial reform" bill.
Same players. Same scenario. Different century.
But what is our excuse this time? Simply that the lessons of central banking have not yet been learned.
Faced with a mountain of evidence indicting central banking itself for the current financial woes, so-called small government "conservatives" as well as the so-called anti-corporate "liberals" have decided to ignore the evidence, turn their backs on the American people, and side with the powerful banking interests. The banksters lies are the same ones used to pass the Federal Reserve Act almost 100 years ago.
Decades before the creation of the Federal Reserve, Democrat President Andrew Jackson was willing to put his political career on the line to fight the obvious evil of central banking. He harnessed a populist movement to, at least temporarily, kill the central bank. Jackson led the Democrat Party back when it understood the United States Constitution and it's constraints. He understood the thoughtfulness behind the Framer's intent regarding the issuance of currency.
"If (As the supreme court had recently inferred) Congress has the right under the Constitution to issue paper money," Jackson said, "it was given to them to be used by themselves, not to be delegated to individuals or corporations."
There is a populist movement just waiting to be harnessed today. Congressman Ron Paul of Texas has actually been tantamount to the creation of the movement. But the more powerful political interests today, namely the President himself, refuses to take the kind of stand Andrew Jackson was willing to take, rising life, limb and even the coveted office of President to fight the central bank. President Obama thoroughly opposes a full audit of the Federal Reserve, which would go a long way towards helping prevent future bailout scenarios.
An amazing opportunity is about to be fully squandered. Watch as the political "leaders" on both sides of the aisle fall for the same lies. Watch as they pass legislation that further empowers the institution that is directly responsible for a 95% devaluation of our currency, and numerous bubbles and busts.
But even more than congress, there is one individual who is more to blame than any other in this situation. I've been hesitant to point the finger at Obama... until now. Any hope of him standing up and being a valiant Jacksonian defender of the public interest is totally lost.
"If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."
President Thomas Jefferson
In supreme irony, in response to a crisis actually caused by the very reforms that legislation 100 years ago implemented, we see again the powerful banking elite and the powerful political players collaborating to impart their vast wisdom on the rest of us and "prevent" future crises with a "financial reform" bill.
Same players. Same scenario. Different century.
But what is our excuse this time? Simply that the lessons of central banking have not yet been learned.
Faced with a mountain of evidence indicting central banking itself for the current financial woes, so-called small government "conservatives" as well as the so-called anti-corporate "liberals" have decided to ignore the evidence, turn their backs on the American people, and side with the powerful banking interests. The banksters lies are the same ones used to pass the Federal Reserve Act almost 100 years ago.
Decades before the creation of the Federal Reserve, Democrat President Andrew Jackson was willing to put his political career on the line to fight the obvious evil of central banking. He harnessed a populist movement to, at least temporarily, kill the central bank. Jackson led the Democrat Party back when it understood the United States Constitution and it's constraints. He understood the thoughtfulness behind the Framer's intent regarding the issuance of currency.
"If (As the supreme court had recently inferred) Congress has the right under the Constitution to issue paper money," Jackson said, "it was given to them to be used by themselves, not to be delegated to individuals or corporations."
There is a populist movement just waiting to be harnessed today. Congressman Ron Paul of Texas has actually been tantamount to the creation of the movement. But the more powerful political interests today, namely the President himself, refuses to take the kind of stand Andrew Jackson was willing to take, rising life, limb and even the coveted office of President to fight the central bank. President Obama thoroughly opposes a full audit of the Federal Reserve, which would go a long way towards helping prevent future bailout scenarios.
An amazing opportunity is about to be fully squandered. Watch as the political "leaders" on both sides of the aisle fall for the same lies. Watch as they pass legislation that further empowers the institution that is directly responsible for a 95% devaluation of our currency, and numerous bubbles and busts.
But even more than congress, there is one individual who is more to blame than any other in this situation. I've been hesitant to point the finger at Obama... until now. Any hope of him standing up and being a valiant Jacksonian defender of the public interest is totally lost.
"If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."
President Thomas Jefferson
Comments