On July 10, 1832, U.S. President Andrew Jackson vetoed a bill to re-charter the Second Bank of the United States, in effect ending formal central banking in the United States until the establishment of the Federal Reserve in 1913.
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Anti-Bankster
1 reply on “Anti-Bankster”
Much as the term “conspiracy theory” may have been demonized, historians have come to acknowledge that the creation of the third central bank of the United States emerged from a conspiracy by financiers to have it created. And one should note that the President who signed its creation into law was a very few years later able to use it to finance US participation in the Great War, with a wide range of disastrous consequences for the world.
I’m no fan of Jackson, but ceteris paribus the integration of the monetary system into the state is a very great ill.