By Mac Slavo
The War on Cash has many fronts.
The latest battle is for the face of the currency itself, and the central bankers, who control the front anyway, have imposed a symbolic defeat against the leaders in America’s past who have fought against the stranglehold of the money makers.
Naturally, there are liberal politics at play, fighting for every inch of ground in the war for ideological re-engineering. History is being whitewashed, various figures of antiquity rolling in their graves….
At stake is a dispute for the powers of government even better than the more famous duel between Aaron Burr and Alexander Hamilton, of whom we also speak.
The iconic $20 bill, with the face of President Andrew Jackson, and the $10 bill, with the face of the nation’s first Treasury Secretary, Alexander Hamilton, have long pitted two ideological extremes against each other as they pass along as some of the most used denominations in circulation.
But now, the money powers at the Treasury Department have decided that it is time to add a woman’s face to the money supply as well.
As such, the powers-that-bank have decided to oust Andrew Jackson from the line up, and with it, part of his legacy.
It will be “removed in favor of a female representing the struggle for racial equality,” according to CNN, while an early proposal to remove Alexander Hamilton’s bill will be scrapped, though the proposal includes a redesign on the backs of his and several other notes with scenes from the Woman’s Suffrage Movement, Susan B. and all the gals.
Treasury Secretary Jack Lew is expected to announce this week that Alexander Hamilton’s face will remain on the front of the $10 bill and a woman will replace Andrew Jackson on the face of the $20 bill, a senior government source told CNN on Saturday.
Dramatically, it seems that there was a backlash to counter the coup against Hamilton, including support from former Federal Reserve chairman Ben Bernanke:
The decision to make the historic change at the expense of Hamilton drew angry rebukes from fans of the former Treasury Secretary. The pro-Hamilton movement gained steam after the smash success of the hip-hop Broadway musical about his life this year.
Those pressures led Lew to determine that Hamilton should remain on the front of the bill.
And there’s a reason for Bernanke’s bias towards Hamilton.
Here’s the scoop from the Economic Policy Journal, who called it a “despicable decision”:
It was Hamilton, who from the early days of the nation clamored for a central bank and a strong interventionist federal government.
I have quoted Thomas DiLorenzo on the evil Hamilton before:
Hamilton was a compulsive statist who wanted to bring the corrupt British mercantilist system — the very system the American Revolution was fought to escape from — to America. He fought fiercely for his program of corporate welfare, protectionist tariffs, public debt, pervasive taxation, and a central bank run by politicians and their appointees out of the nation’s capital….
Hamilton complained to George Washington that “we need a government of more energy” and expressed disgust over “an excessive concern for liberty in public men”…
The Philadelphie Federal Reserve publication. A History of Central Banking in America, reports:
Alexander Hamilton, the first Secretary of the Treasury, urged Congress to also assume the war debts of the individual states and then create a national bank to help refinance all these debts. Hamilton’s proposal faced major opposition. Critics said that Hamilton’s bank was unconstitutional, would be a monopoly, and would reduce the power of the states. Although Hamilton won, the bank’s charter was limited to 20 years.
And that’s right where Andrew Jackson’s legacy with the banks picks up.
With the charter of the first “Bank of the United States” ending, Jackson was determined to stop the charter of the second “Bank of the United States” and famously stated:
“You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.” (Andrew Jackson, to a delegation of bankers discussing the recharter of the Second Bank of the United States, 1832)
President Jackson likened their agents to the hydra-beast, with its many heads, and even survived an assassination attempt, by staving off an attacker personally.
The bankers, and the powerful families including the Rothschilds who supported it, wanted a “national bank” because they could load the board with “their” guys and outweigh the will of the people and the normal channels of government.
You’ll be kicking yourself for not picking up silver at these prices (Ad)
Of course, the same exact state of affairs has been going on today for more than a century with the Federal Reserve, which is run by the successors to the same exact banking interests, including the still immensely-powerful Rothschild family.
The struggle is depicted well in The Money Masters, which spans several centuries of history with the threat of banking powers over individual sovereignty in stark contrast. To be sure, there is an important and nefarious plot afoot to ensnare you, your family and everyone on the block with debt.
There is a line, and you should figure out what side of it you’re going to be on.
Jackson narrowly succeeded in staving off banker domination of the U.S. during his day.
Of course, Andrew Jackson, who was the United States’ seventh president, was also a complete controversy his entire lifetime. It is no surprise that the same people who took down the Confederate flag from the South on the back of a mass shooting tragedy are now trying to tear down the image of a particularly controversial and intriguing figure from the American past.
Jackson was a recalcitrant and unyielding general and war hero, and later an outsider riding a wave of populist support into the White House, bringing in sometimes unscrupulous companions, and plenty of Masons. Many of his backers were diametrically opposed to the entrenched power of New York bankers and speculators, as well as patrician politicians who dominated the first phase of politics in the nation’s history. Jackson played a nasty role in the Trail of Tears affairs with Indians, too, and with the South and Western expansion of slave-friendly territories. Many shades of grey.
Meanwhile, behind the scenes in the founding days of this country, Alexander Hamilton, an advocate of strong central government, and maneuvered on behalf of his banker masters to collectivize the war debt from the states and create a central bank to control the financial strength of the country, and ingrain the early United States with the mindset of the British masters they had just fought to shake off.
After the creation of the Federal Reserve in 1913, and the crisis and consolidation of wealth during the Great Depression, and ever since the 2008 economic collapse, the rule by bankers has become a foregone conclusion, though there will be more chances to shake off their yoke of control. (BitCoin is one possible avenue; Congressionally-controlled greenbacks another; gold and silver yet another…)
Erasing Andrew Jackson from the faces of the fiat funny-money that is passed around by an increasingly ignorant and dependent society (which itself has adopted digital currency as the new norm) will further cut off the past from the masses, and ensure their enslavement.
Read more:
- Americans Face Impoverishing War on Cash: “More Big Banks Are Shunning Cash”
- As Banks Seek Monopoly Over Economy, “Cash Is Being Gradually Taken Away”
- Action Star Jean-Claude Van Damme Calls Out Rockefeller/Rothschild Puppet Masters Who “Won’t Let Trump Win”
- Too Big To Fail Is Now Bigger Than Ever Before
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You can read more from Mac Slavo at his site SHTFplan.com
I stopped caring about Federal Reserve Notes a long time ago. For all I care, they could put the Tooth Fairy on any of their worthless pieces of paper.
“Whosoever is susceptible to fear of any type, will attract to himself the fear that belongs to his type — fear of acci- dent, for example, or of sickness, or death, and he may also become submerged in the fear current of the thought ocean. On the contrary, whoever formulates and holds happy thoughts, will ally himself with the thought currents of happiness or courage or knowledge, according to the quality of his thoughts.”
“You are what you think.
Change your mind and you will change your world.”
“Cast out fear. Build the soul of conscience, and know that if you do your part, if you build a soul of love and trust, you will be given all that you require.”
Hippies have been saying this for years. Happy happy joy joy…
Thank you.
LOL – thx!
“In the continued practice of correct thinking and right living there will come to the student an increasing readiness to adjust the thoughts, words and actions from the spiritual point of view. With this practice will come an increase of knowledge, the knowledge of how definitely to adjust one’s self to every relation in the natural and material life. The knowledge of how to obtain the influx of life, light and power from above will also come with this.”
Hmmm
This change is a massive middle finger directed straight at the American people by the Rothschild family. The solution is simple it truly boggles the mind. Congress has merely to vote to rescind the Federal Reserve Charter, repudiate any and all debts and obligations created by or through the Federal Reserve, destroy all Federal Reserve notes and return the power to coin money back to its Constitutionally mandated position at the US Treasury.
Oh and least we forget: arrest every officer and stock holder of the Federal Reserve system on charges of economic terrorism. Confiscate all assets and holdings of every member bank and its stock holders. And then after finding them guilty, commensurate with their unprecedented crimes against humanity, execute the lot…….
That would put us back to early 1800’s, but still leave the door open for banks to screw with us, as they did mid to late 1800’s by artificially constricting the money supply and causing multiple unfounded and manufactured panics throughout the last half of the 19th Century, which lead to the formation of the Fed Res. We need to end banking as we know it, even at the local level. All money loans should be made by individuals that give specific permission for their money to be loaned for each and every loan issued.
Bitcoin and Blockchain ledgers are one very good answer, not only for a monetary system, but for all sorts of endeavors that are currently centralized. It radically increases the power of the individual precisely because it creates a situation of no central control.
Some possible uses:
https://www.virgin.com/entrepreneur/the-many-uses-of-blockchain-tech-and-what-it-means-for-you
http://www.the-blockchain.com/potential-uses-of-blockchain/
https://www.google.com/search?q=bitcoin+blockchain+decentralize+everything&ie=utf-8&oe=utf-8
When they’re right, their right. It is evident that we are being pushed into slavery by the “Money Mongers” and corrupt “Career Politicians” setting in a country of “Rulers” rather than “True Moral Leadership.”
A more “Communist” form of Government!
What about the infamous Trail of Tears, when President Andrew illegally forced the Cherokee Native Americans off their ancestral lands to what is now Oklahoma? Andrew Jackson should not even be one of our national heroes, let alone be on our 20 dollar bill in the first place!
F#cking Commies !
I agree! The 5000 commies in the US are to blame for slavery, exploitation, corruption, wars, and rude teenagers!
With so many articles like this one it is amazing how most of the American people remain so ignorant to the corporate and banking sell out of the united States. The Truth is right in front of everyone but most choose to ignore or deny it. What a strange thing.
Actually, I’ve condensed an answer for the above into, basically, four words;
Sewer Nation – Idiot Culture
Let’s compare:
Jackson may have owned as many as 300 slaves and killed thousands of of native Americans after invading their territory. In addition to the slaughters, Jackson burned their houses and the crops. “. The Hermitage plantation was a profit-making enterprise and Jackson, who demanded slave loyalty, permitted slaves to be whipped to increase productivity….Jackson’s presidency marked a new era in Indian-Anglo American relations initiating a policy of Indian removal. .” Extermination and/or ethnic cleansing.
Jackson opposed a national bank, thus setting the stage for private banking cartels (such as the
Federal Reserve) to control the US economy.
Hamilton was the opposite, grew up poor and laboring, and tho he inherited one slave, did not take possession. He was an avid abolitionist (very rare among the Founding Fathers, who were 95% slave owners) and detested slavery.
alexanderhamiltonexhibition.org reports: ” Alexander and James lived more
like plantation laborers. Both boys worked to help support the family.
Then in 1768, Rachel died, leaving her young sons virtually orphaned.
Although never affluent, she had acquired some property, for among
her possessions, listed with the pots and pans, six chairs and two
tables, were two slave boys, Christian and Ajax. In her will, Rachel
left these human possessions to her own young sons—Christian to
James and Ajax to Alexander, although the Hamilton boys never took
possession of these slaves.
Thus, Alexander Hamilton did not become a slaveholder at an
early age, but was well familiar with slavery and its effect on slaves
and on slaveholders. As an outcast himself, he may have in some
ways identified with the slave’s depressed and despised position in
West Indian society.”
Hamilton supported a national bank. Today, we have a central bank but it is private, profit-driven, and unaccountable. That is the legacy of Jackson, wealthy slave owner and guilty of mass murder of native Americans.
Oh ! We are such a nation of beasts and can do no right ?
Your pursuit of what seemingly could be ” True ” history appears to see little good in anyone that rose above savagery and ignorance of the masses to help formulate a Constitutional Republic that gave the individual back their dignity and a means to control their own destiny. This utopia that was pre-constitutional republic was not ” The good ole days ” in the least and existed in a time where one never knew which day would be their last in a feudal tribal environment. I changed my thinking about slave history when I applied common and business sense to the abused slave issue. My aunt died in her eighties and was the family historian . She obtained many original documents and historic papers from our family history that went back to the King George land grants of the area which is now Virginia.
One of the old documents was a an inventory of family possessions circa 1790’s.
To keep this short and comparative, I read down the manifest of pots , pans , and other utensils listed. One dollar value here two dollar value there . Then the livestock . A large flock of chickens $20.00. A herd of beef cattle $50.00 . Great prices back then huh ?
I then came to the section that listed three slaves . There was one man , a woman, and a child . The man’s value was listed at $600.00 .The woman was $375 and the child was $200 . these amounts cumulatively even rivaled the land values ! Now , with these tremendous values listed in that era, to beat, starve, and generally mistreat to death or allow poor health near this asset makes absolutely no fiscal sense ?
I’m not advocating slavery or the eradication of the native Americans who by the way are one of the leading economic power houses in our area here now but Banks in fiscal irresponsibility (Corps in general), Government overgrowth, and an ignorant citizenry will collapse a republic every time and history overwhelmingly supports this statement. We know some of what took place historically but by no means ALL that took place. What we can do is implement sound principles through sound officials who abhor corruption.
Let’s move forward shall we ?
You don’t think whipping slaves and killing Indian children is evil?
Hamilton proves there were good people: he owned no slaves, he was an abolitionist.
He worked hard and opposed the evil o his time.
The Constitution did not give dignity to the ordinary individual. It did not include a right to vote and in the first elections, only 1% (rich white males) were allowed to vote or hold office, almost all slave owners.
Nothing is more corrupt than a private banking cartel which controls the US economy, the legacy of Jackson, as opposed to Hamilton, who promoted a Federally controlled system.
We cannot move forward until we honestly confront the past,for the past is prologue.
A person or nation in denial cannot move forward until they face the truth. I am asking you to confront the truth, and then we can understand what to avoid and what to embrace.
Those who deny the past (ie do not learn from history) are condemned to repeat it.
I think whipping anyone undeserving or killing any child is evil whether it’s Indians or otherwise. These actions do put on grand display the fallen nature of man in general.
In the beginning of a republic many with no skin in the game wish to run forward for the benefits this system provides without baring the cost of such an endeavor . Originally it started out with land and business owners deciding where their sacrifice would be directed through voting but that has changed since then ? It avoided what we have now as examples where property owners are taxed off of their land by voters with little to no ambition other than voting themselves largess from the treasury under the direction of a parasite class that produces nothing and can give only what it has taken from others. This has never been sustainable and will always as it has in the past failed. Utopias aren’t free either and generally lasts until it runs out of producers assets.
You would do well to begin caring for yourself and your community instead of fighting misguided battles of others in a era of which it wasn’t created ?
The time pendulum has now swung into position where the baser sort will give little credit for your caring and concern for them and gladly hang you from the nearest lamppost after relieving you of your valuables for the benefit of the people of course?
If we don’t meld together with a common ideology to mend this nation , we’ll be fractionalized and trampled in our delusional enclaves. That will be the present “Truth ” we’ll all see soon if that paradigm shift isn’t realized? And will that ” Truth ” make three hundred years intact after revisions and translations is anyone’s guess.
This is complete nonsense. The sins of racism and exploitation go back to Columbus and the founding of the nation. Until we face up to our true history, we will never learn and keep repeating the same sins, expressed in institutional racism, criminal wars, and destruction of the environment.
You truly make no sense at all, other than the impression you don’t want anyone exposing the truth of our history.
Pardon me Mr. Ruff . I confused you with someone who understood that mans sins of racism and exploitation began well before Columbus?
If your reasoning and historic recall cannot pre-date the Columbus time period, then indeed there is no more profit in this discourse for either of us? Perhaps we’ll meet with better posture within the confines of whatever this country morphs into eh?
My comments were in the context of Western settlement in the New World. In fact, the transAtlantic slave trade started with Columbus and the genocide of the native Americans, also started with Columbus. This by no means denies injustice prior to that time, but my point was to indicate that the twin evils of slavery and genocide in the New World did indeed begin with Columbus.
Surely, to go forward, we do not need to go back 10,000 yrs but most certainly, we must face the truth about the the creation of America through the evils initiated by Columbus and those who followed him.
Surely, you realized this but unable to find a rational response, you chose to accuse me of an omission of all of human history.
Racism is actually quote modern. It developed out of racial theory in early modernity used to justify slavery. Exploitation goes back to the first agricultural settlements, tho it did not exist in 99% of human history when communities lived by egalitarian principles.
For the US to go forward, therefore, we have to face the realities of OUR history and deal with them, and that starts with the first encounter of Columbus and the gentle Arawak.
So I repeat, to deal with racism and exploitation in current America, we must go back to our beginniing when Columbus initiated both slavery and genocide in the name of claiming America for Spain. It is good to study all of human history, which I am doing, but it is essential today that we understand and admit the evils such as Jackson’s killing of native American children, the fact that the Founding Fathers’s were 95% slave owners, and that America has been ruled by the 1% since the Constitution was ratified. If we understand our own history, from its beginning, we can begin to address the unresolved problems and move forward with solutions.
In no way does this involving dismissing all of human history, but to remedy OUR problems, we have to start, at least, with our beginning.
I am currently on page 400 of The People’s History of the World, which starts 100,000 years ago, a fascinating book. Have you read it? A basic of dealing with American history is to read the Diary of Columbus,a chronicle of our original sins necessary to comprehend to understand our evolution. Have your read the Diary.
Another great book is Zinn’s A People’s HIstory of the United States. I assume you are famliliar with that classic.
Well Dale , I do hope we survive the Karma ? We’ll carry this on another time perhaps where one doesn’t feel they have to be on the offensive ?
Be well .
I am always on the offensive to challenge lies and distortions, aren’t you.
Here is what Tom Paine said: “It is the duty of every man, so far as his ability extends, to detect and expose delusion and error.”
It is our duty to expose lies and errors.
My karma is very intact as I extend unlimited compassion to all living beings, including animals.
Institutional racism? Against white folks now, you mean.
No, Mike, the lie of racism against whites is itself a part of the racist narrative.
Here are the hard facts:
1. “The median wealth of black households dropped an astonishing 34 percent from 2010 to 2013, according to Pew’s analysis of Federal Reserve data. That of white households grew slightly over the same period.
In dollars, that meant the median white household was worth $141,900, while the median black household was worth just $11,000.”
2.”Black men were more than six times as likely as white men to be incarcerated in federal and state prisons, and local jails in 2010, the last year complete data are available, according to a Pew Research Center analysis. That is an increase from 1960, when black men were five times as likely as whites to be incarcerated.”
Pew REsearch Studies show that the criminal justice system is institutionally racist; blacks are incarcerated at higher rates for the same crimes and get longer sentences.
3. As result of both higher rates of poverty and higher incarcerations rates, blacks have a much lower record of academic success:
4. Blacks have a life expectancy 4 years less than whttes due to lower income and less access to medical care
4.Since the 1960s the difference in black and white incomes grew from about $19,000 in 1967 to roughly $27,000 in 2011
5. Black Americans remain nearly three times as likely as white Americans to live in poverty
6.n 2012, the black homeownership rate was 60% that of whites.
http://www.pewsocialtrends.org/2013/08/22/race-demographics/
Here is just one example of how the criminal justice system used a double standard to discriminate against blacks: “….someone convicted of possessing one gram of crack would receive a sentence 100 times longer than someone possessing one gram of powder cocaine. What is the chemical difference between crack cocaine and powder cocaine that justified this disparity? Answer: There is no significant chemical difference—crack and powder cocaine are both forms of cocaine. The stark difference in federal sentencing laws for possession of the two forms of the same drug has more to do with media mythology and political pressure than with public safety and health.”
a scholarly analysis is in The New Jim Crow: “The New Jim Crow: Mass Incarceration in the Age of Colorblindness is a book by Michelle Alexander, a civil rights litigator and legal scholar. The book discusses race-related issues specific to African-American males and mass incarceration in the United States — though Alexander notes that the discrimination faced by African-American males is also prevalent among other minorities and socio-economically disadvantaged populations. Alexander’s central premise, from which the book derives its title, is that “mass incarceration is, metaphorically, the New Jim Crow.” Wiki
In both housing and car loans, blacks have been forced into more expensive loans with the same qualificatons as blacks:
1.”A study conducted by The Journal of Real Estate Finance and Economics has found that black borrowers on average pay 29 basis points more – that’s about .3% more – than comparable white borrowers.
2.
Fed: Minorities pay more for housing loans
By Sue Kirchhoff, USA TODAY
WASHINGTON — Minorities are far more likely than whites to take out higher-priced loans to buy or refinance a home and are denied loans more often.
The differences can be explained largely — but not fully — by such factors as income, the Federal Reserve said Tuesday.
In an examination of 2004 mortgage data, Fed economists found that the average incidence of higher-priced home-purchase loans was 32.4% among African-Americans, 20.3% among Hispanic whites and 8.7% for non-Hispanic whites.”
3.”Higher income does not protect blacks and Hispanics from receiving mortgage loans with above-market rates, a new study by a group pushing for reforms to lending laws says.
The report, released earlier this month by the Washington-based National Community Reinvestment Coalition (NCRC), concludes that in 2005, blacks in 171 metropolitan areas were at least twice as likely as whites to receive expensive loans.
The study was based on an analysis of nationwide mortgage data collected by the Federal Reserve for the most recent year available.
The report, which analyzed 2.3 million high-cost loans in 380 metro areas, also concluded that while the disparity among blacks and whites existed at all income levels, it was more severe at higher income levels than lower ones.”
4.””A statistical study of more than 300,000 car loans arranged through Nissan dealers from March 1993 to last September–believed by experts to be the largest pool of car loan data ever analyzed for racial patterns–shows that black customers in 33 states consistently paid more than white customers, regardless of their credit histories..” chicagotribune
So in income, wealth, employment, education, life expectancy, home ownership,incarceration for the same crimes, loan costs……there is evidence of institutional racism against blacks.
The lie of institutional l racism against whites is based not on evidence but the psychological need to find a scapegoat for those whites who are suffering declines in standards of living and status. Since 1989, median wages are down nationally by 40%, household income is down 8% since 1999, and poorer white have recently been dying younger. This is a result of an economy dominated by programs which enrich the wealthy at the expense of the poor, both black and white (and Latino). Rather than face the reality that it is a case of class warfare, the right wing media promotes the false consciousness that is contained in the myth of discrimination against whites, most often blamed on the most obviouis victims of class and race warfare and “liberals.”
White folks continue to have all the advantages, keeping in mind that the wealthy whites are getting richer and the poorer blacks AND whites are losing ground.
This strategy to mask class warfare with racial antagonism was best expressed by robber baron Jay Gould, who said: “”I can hire one half of the working class to kill the other half. ”
In fact, poor blacks and whites have no real conflicts but only by joining together can they confront and defeat those who exploit them and offer them each other as scapegoats
When the nation of Liberia was created, the freed American blacks went there and subjugated the native blacks as second class citizens. Liberia, a nation given all the advantages of America became a crap-hole. Why do blacks require whites in order to be prosperous?
Poor whites who join with poor blacks face the same result as in Liberia.
Perhaps the disparity is not racism but a defective American black culture.
“…killed thousands of of native Americans after invading their territory.
In addition to the slaughters, Jackson burned their houses and the
crops…Jackson, who demanded slave loyalty, permitted slaves to be whipped to
increase productivity…”
And you’re cool with this?
Jackson’s oppostion to a National central bank paved the way for the Federal Reserve, a profit-driven private banking cartel which serves as the central bank with no accountability to the public. “The Federal Reserve System—also known as the Federal Reserve or simply as the Fed—is the central banking system of the United States..In its role as the central bank of the United States, the Fed serves as a banker’s bank and as the government’s bank. As the banker’s bank, it helps to assure the safety and efficiency of the payments system. As the government’s bank, or fiscal agent, the Fed processes a variety of financial transactions involving trillions of dollars. Just as an individual might keep an account at a bank, the U.S. Treasury keeps a checking account with the Federal Reserve, through which incoming federal tax deposits and outgoing government payments are handled. As part of this service relationship, the Fed sells and redeems U.S. government securities such as savings bonds and Treasury bills, notes and bonds. It also issues the nation’s coin and paper currency.”
The Federal Reserve website states: “. It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government,”
factcheck.org reports: ” There are actually 12 different Federal Reserve Banks around the country, and they are owned by big private banks”
You have to look hard and long to find who these big private banks are. It’s monopoly powers have long been recognized: ““Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.” – The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930s
With the 2008 banking crisis, the powers of the private banking cartel expanded: ” In an unprecedented move in March 2008, the New York Fed advanced the funds for JPMorgan Chase Bank to buy investment bank Bear Stearns for pennies on the dollar. The deal was particularly controversial because Jamie Dimon, CEO of JPMorgan, sits on the board of the New York Fed and participated in the secret weekend negotiations.1 In September 2008, the Federal Reserve did something even more unprecedented, when it bought the world’s largest insurance company. The Fed announced on September 16 that it was giving an $85 billion loan to American International Group (AIG) for a nearly 80% stake in the mega-insurer.”
This was not a government take over or nationalization but operations by private banks for their own enrichment.
global research explains:
“The Fed is privately owned.
Its shareholders are private banks. In fact, 100% of its shareholders are private banks. None of its stock is owned by the government.
2. The fact that the Fed does not get “appropriations” from Congress basically means that it gets its money from Congress without congressional approval, by engaging in “open market operations.”
Here is how it works: When the government is short of funds, the Treasury issues bonds and delivers them to bond dealers, which auction them off. When the Fed wants to “expand the money supply” (create money), it steps in and buys bonds from these dealers with newly-issued dollars acquired by the Fed for the cost of writing them into an account on a computer screen. These maneuvers are called “open market operations” because the Fed buys the bonds on the “open market” from the bond dealers. The bonds then become the “reserves” that the banking establishment uses to back its loans. In another bit of sleight of hand known as “fractional reserve” lending, the same reserves are lent many times over, further expanding the money supply, generating interest for the banks with each loan. It was this money-creating process that prompted Wright Patman, Chairman of the House Banking and Currency Committee in the 1960s, to call the Federal Reserve “a total money-making machine.” He wrote:
“When the Federal Reserve writes a check for a government bond it does exactly what any bank does, it creates money, it created money purely and simply by writing a check.”
3. The Fed generates profits for its shareholders.
The interest on bonds acquired with its newly-issued Federal Reserve Notes pays the Fed’s operating expenses plus a guaranteed 6% return to its banker shareholders. A mere 6% a year may not be considered a profit in the world of Wall Street high finance, but most businesses that manage to cover all their expenses and give their shareholders a guaranteed 6% return are considered “for profit” corporations.”
This is the result of having a private banking cartel of the largest banks control the US policy instead of the US government itself. This is the legacy of Jackson.
I’d much rather have Hamilton replaced. Jackson seems to have been a good guy, but Hamilton was on the wrong side.
More on Jackson:
“Andrew Jackson: A man nicknamed “Indian killer” and “Sharp Knife” surely deserves the top spot on a list of worst U.S. Presidents. Andrew Jackson “was a forceful proponent of Indian removal…“Andrew Jackson was a wealthy slave owner and infamous Indian killer, gaining the nickname ‘Sharp Knife’ from the Cherokee,” writes Amargi on the website Unsettling America: Decolonization in Theory & Practice. “He was also the founder of the Democratic Party, demonstrating that genocide against indigenous people is a nonpartisan issue. His first effort at Indian fighting was waging a war against the Creeks. President Jefferson had appointed him to appropriate Creek and Cherokee lands. In his brutal military campaigns against Indians, Andrew Jackson recommended that troops systematically kill Indian women and children after massacres in order to complete the extermination. The Creeks lost 23 million acres of land in southern Georgia and central Alabama, paving the way for cotton plantation slavery.”
Read more at http://indiancountrytodaymedianetwork.com/2012/02/20/indian-killer-andrew-jackson-deserves-top-spot-list-worst-us-presidents-98997,
When he invaded Florida in 1818……He ordered his men to destroy crops, take women and children hostage, and deploy savage dogs. He claimed “self-defense” and “the purest patriotism,” and at the end boasted to his wife, “the enemy is scattered over the whole face of the Earth, and at least one half must starve and die with disease. – See more at: http://historynewsnetwork.org/article/144311#sthash.k73LHPov.d
alternet rated him the most evil and worst President ever: ” At his command, his troops killed not only vast numbers of male Native Americans, but also women and children. Millions of acres of land was stolen from the tribes during his campaigns. In 1818 Jackson and his men invaded Spanish Florida and incited the First Seminole War, killing Seminoles and capturing escaped slaves who lived among them. As he illegally swept through Florida, he, “violated nearly every standard of justice,” wrote historian Bertram Wyatt-Brown. Long before ethnic cleansing became a term to describe the terrible war crime, Jackson perfected the practice. Supporting and signing, as President, the Indian Removal Act in 1830, over 46,000 Native Americans were forcibly removed from their homes and lands east of the Mississippi River and marched to reservations in the western territories. In one such forced march, which occurred after Jackson left office, 4000 Cherokees died during the infamous Trail of Tears. Millions of acres of Indian land was seized and handed over to the white slave aristocracy. Old Hickory carried his actions against Native Americans out despite the fact that the Supreme Court ruled it unconstitutional. “John Marshall has made his decision; now let him enforce it!” cried Jackson.”
Good riddance to this genocidal monster! HIs war against a national central bank led the way to a central bank controlled by private banks, who now control, for their own interests, the US economy.
Just Awful, I’ve read about that and know what White Man did to the Indians. They are going to do it to White Man now. We are the Indians now.
I think you missed the point of his post.
Thank you Dale, for this disturbing but educational information. I was full of indignation regarding the removal of Jackson, right up until I read your submission above. Quite the eye-opener. I had no idea.
So he wasn’t perfect
Nor was Hitler.
Killing children and genocide is not perfect, but who is?
They will probably have some transgender man in a dress on the new currency… at least it will seem like a woman.
Why Harriet Tubman of all people to replace Jackson? Is this the elitist J*ws that run the Treasury and Federal Reserve Bank idea of joke? As we all become more enslaved to a pernicious debt based monetary and fractional reserve banking system (which Andrew Jackson fought against), we get slavery abolitionist Harriet Tubman. Not funny!
ABOLISH THE FEDERAL RESERVE BANK and do away with the debt based (slave) money system and fractional reserve banking. Restore sanity.
Apparently the J word is verboten here. I won’t bother coming back if you all are that ridiculously sensitive.
Thanks for this article, Mac. Important stuff; important discussion.
Putting Jackson’s image on the Federal Reserve ‘Debt-Slavery Note’ in the first place was a big ‘middle finger’ to anyone who challenged the central banks. Today, they are less genteel and just hang you, put a bullet through your head, or shove a knife up your rear while dragging you through the street. Putting Harriet Tubman on a ‘debt-slave’ note is just another ‘inside joke’ by the globalists.
Good riddance to a slave holding, genocidal murderer!! It’s offensive that Jackson is still on the bill, smh
The North American Union that Cruz’s wife helped create will create a new money – something like the Amero. They are setting the stage by making our money ugly, so we won’t mind changing it for something new.
Ol’ Hickory killed the banks and drove the vipers out. RIP