41 Facts About The History Of Central Banks In The United States That Our Children Are No Longer Taught In School

[xxsesimeseedxx]

http://blacklistednews.com/41-Facts-About-The-History-Of-Central-Banks-In-The-United-States-That-Our-Children-Are-No-Longer-Taught-In-School-/11456/0/5/5/Y/M.html

 

 

41 Facts About The History Of Central Banks In The United States That Our Children Are No Longer Taught In School

 

Published on 11-12-2010

 

Source: The American Dream

 

 

Today, most American students don’t even understand what a central bank is, much less that the battle over central banks is one of the most important themes in U.S. history. The truth is that our nation was birthed in the midst of a conflict over taxation and the control of our money. Central banking has played a key role in nearly all of the wars that America has fought. Presidents that resisted the central bankers were shot, while others shamefully caved in to their demands. Our current central bank is called the Federal Reserve and it is about as “federal” as Federal Express is. The truth is that it is a privately-owned financial institution that is designed to ensnare the U.S. government in an endlessly expanding spiral of debt from which there is no escape. The Federal Reserve caused the Great Depression and the Federal Reserve is at the core of our current economic crisis. None of these things is taught to students in America’s schools today.

 

In 2010, young Americans are taught a sanitized version of American history that doesn’t even make any sense. As with so many things, if you want to know what really happened just follow the money.

 

The following are 41 facts about the history of central banks in the United States that every American should know….

 

#1 As a result of the Seven Years War with France, King George III of England was deeply in debt to the central bankers of England.

 

#2 In an attempt to raise revenue, King George tried to heavily tax the colonies in America.

 

#3 In 1763, Benjamin Franklin was asked by the Bank of England why the colonies were so prosperous, and this was his response….

 

“That is simple. In the colonies we issue our own money. It is called Colonial Script. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers.

 

In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one.”

 

#4 The Currency Act of 1764 ordered the American Colonists to stop printing their own money. Colonial script (the money the colonists were using at the time) was to be exchanged at a two-to-one ratio for “notes” from the Bank of England.

 

#5 Later, in his autobiography, Benjamin Franklin explained the impact that this currency change had on the colonies….

 

“In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed.”

 

#6 In fact, Benjamin Franklin stated unequivocally in his autobiography that the power to issue currency was the primary reason for the Revolutionary War….

 

“The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the prime reason for the Revolutionary War.”

#7 Gouverneur Morris, one of the authors of the U.S. Constitution, solemnly warned us in 1787 that we must not allow the bankers to enslave us….

 

“The rich will strive to establish their dominion and enslave the rest. They always did. They always will… They will have the same effect here as elsewhere, if we do not, by (the power of) government, keep them in their proper spheres.”

 

#8 Unfortunately, those warning us about the dangers of a central bank did not prevail. After an aborted attempt to establish a central bank in the 1780s, the First Bank of the United States was established in 1791. Alexander Hamilton (who had close ties to the Rothschild banking family) cut a deal under which he would support the move of the nation’s capital to Washington D.C. in exchange for southern support for the establishment of a central bank.

 

#9 George Washington signed the bill creating the First Bank of the United States on April 25, 1791. It was given a 20 year charter.

 

#10 In the first five years of the First Bank of the United States, the U.S. government borrowed 8.2 million dollars and prices rose by 72 percent.

 

 

#11 The opponents of central banking were not pleased. In 1798, Thomas Jefferson said the following….

 

 

“I wish it were possible to obtain a single amendment to our Constitution – taking from the federal government their power of borrowing.”

 

#12 In 1811, the charter of the First Bank of the United States was not renewed.

#13 One year later, the War of 1812 erupted. The British and the Americans were at war once again.

 

#14 In 1814, the British captured and burned Washington D.C., but the Americans subsequently experienced key victories at New York and at New Orleans.

 

#15 The Treaty of Ghent, officially ending the war, was ratified by the U.S. Senate on February 16th, 1815 and was ratified by the British on February 18th, 1815.

 

#16 In 1816, another central bank was created. The Second Bank of the United States was established and was given a 20 year charter.

 

#17 Andrew Jackson, who became president in 1828, was determined to end the power of the central bankers over the United States.

 

#18 In fact, in 1832, Andrew Jackson’s re-election slogan was “JACKSON and NO BANK!”

 

#19 On July 10th, 1832 President Jackson said the following about the danger of a central bank….

 

“It is not our own citizens only who are to receive the bounty of our government. More than eight millions of the stock of this bank are held by foreigners… is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? … Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence… would be more formidable and dangerous than a military power of the enemy.”

 

#20 In 1835, President Jackson completely paid off the U.S. national debt. He is the only U.S. president that has ever been able to accomplish this.

 

#21 President Jackson vetoed the attempt to renew the charter of the Second Bank of the United States in 1836.

 

#22 Richard Lawrence attempted to shoot Andrew Jackson, but he survived. It is alleged that Lawrence said that “wealthy people in Europe” had put him up to it.

 

#23 The Civil War was another opportunity for the central bankers of Europe to get their hooks into America. In fact, it is claimed that Abraham Lincoln actually contacted Rothschild banking interests in Europe in an attempt to finance the war effort. Reportedly, the Rothschilds were demanding very high interest rates and Lincoln balked at paying them.

 

#24 Instead, Lincoln pushed through the Legal Tender Act of 1862. Under that act, the U.S. government issued $449,338,902 of debt-free money.

 

#25 This debt-free money was known as “Greenbacks” because of the green ink that was used.

 

#26 The central bankers of Europe were not pleased. The following quote appeared in the London Times in 1865….

 

“If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe.”

 

#27 Abraham Lincoln was shot dead by John Wilkes Booth on April 14th, 1865.

 

#28 After the Civil War, all money in the United States was created by bankers buying U.S. government bonds in exchange for bank notes.

 

#29 James A. Garfield became president in 1881, and he was a staunch opponent of the banking powers. In 1881 he said the following….

 

“Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”

 

#30 President Garfield was shot about two weeks later by Charles J. Guiteau on July 2nd, 1881. He died from medical complications on September 19th, 1881.

#31 In 1906, the U.S. stock market was setting all kinds of records. However, in March 1907 the U.S. stock market absolutely crashed. It is alleged that elite New York bankers were responsible.

 

#32 In addition, in 1907 J.P. Morgan circulated rumors that a major New York bank had gone bankrupt. This caused a massive run on the banks. In turn, the banks started recalling all of their loans. The panic of 1907 resulted in a congressional investigation that ended up concluding that a central bank was “necessary” so that these kinds of panics would never happen again.

 

#33 It took a few years, but the international bankers finally got their central bank in 1913.

 

#34 Congress voted on the Federal Reserve Act on December 22nd, 1913 between the hours of 1:30 AM and 4:30 AM.

 

#35 A significant portion of Congress was either sleeping at the time or was already at home with their families celebrating the holidays.

 

#36 The president that signed the law that created the Federal Reserve, Woodrow Wilson, later sounded like he very much regretted the decision when he wrote the following….

 

“A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men … [W]e have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world–no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.”

 

#37 Between 1921 and 1929 the Federal Reserve increased the U.S. money supply by 62 percent. This was the time known as “The Roaring 20s”.

 

#38 In addition, highly leveraged “margin loans” became very common during this time period.

 

#39 In October 1929, the New York bankers started calling in these margin loans on a massive scale. This created the initial crash that launched the Great Depression.

 

#40 Rather than expand the money supply in response to this crisis, the Federal Reserve really tightened it up.

 

#41 In fact, it was reported the the U.S. money supply contracted by eight billion dollars between 1929 and 1933. That was an extraordinary amount of money in those days. Over one-third of all U.S. banks went bankrupt. The New York bankers were able to buy up other banks and all kinds of other assets for pennies on the dollar.

 

But are American students being taught any of this today?

 

Of course not.

 

In fact, it is a rare student that can even adequately explain what a central bank is.

 

We have lost so much of what is important about our history.

 

And you know what they say – those who forget history are doomed to repeat it.

 

It is absolutely critical that we educate as many Americans as possible about what is really going on in our financial system and about why we need to make some truly fundamental changes.

 

 

Mod Copy & Pasted Post

[DT61]

Blacklisted news is a great sight -

[Bisharoo]

You know nobody cares about this stuff.

 

It is so discouraging to see so many misled into thinking that "their party" is the good political party that would harm no one, except here it is out in the open for everyone to see that their elected and non-elected officials have signed off on and are in bed with and often instigate treasonous and evil activity against the individual human beings in their own party (and the other parties as well). People are so blinded they don't care about the federal reserve bank, genetically modified organisms in our food, corporate/governmental feeding us all kinds of poisons that our FDA approves of, making everyone stay dependent on deadly pharma drugs and outlawing and imprisoning and killing their opponents. Both parties are up to their necks in it and they have everyone convinced that the evil one is the other guy. But YOUR GUY is in on this too, yes, your guy. Don't believe me? Check it out for yourselves. Please!!!

 

It just seems that few humans care about the important stuff because their personal prejudices clouds their vision and judgment, and sometimes because these statist fiends have created a situation where many of us individual humans are so busy dealing with the layers of BS our elected and non-elected officials have created that many don't have the time or the energy to care, when often this deliberate distraction and confusion is the very thing that is keeping a freedom loving people trapped in this version of an Orwellian nightmare.

 

But, xxsesimeseedxx, thanks for bringing it up to the 5 or 6 people that may read this thread and care...

[Mememe]

Forgets to mention Salmon P. Chase http://en.wikipedia.org/wiki/Salmon_P._Chase

Secretary of the Treasury

 

Lincoln met with his cabinet on July 22, 1862 for the first reading of a draft of the Emancipation Proclamation. Sight measurement. Chase served as Secretary of the Treasury in President Lincoln's cabinet from 1861 to 1864, during the Civil War. In that period of crisis, there were two great changes in American financial policy, the establishment of a national banking system and the issue of paper currency. The former was Chase's own particular measure. He suggested the idea, worked out the important principles and many of the details, and induced the Congress to approve them. It not only secured an immediate market for government bonds, but also provided a permanent uniform, stable national currency. Chase ensured that the Union could sell debt to pay for the war effort. He worked with Jay Cooke & Company to successfully manage the sale of $500 million in government war bonds (known as 5/20s) in 1862.[5]

 

 

Obverse of $10,000 bill featuring Salmon P. ChaseThe first U.S. federal currency, the greenback demand note, was printed in 1861-1862, during Chase's tenure as Secretary of the Treasury. It was his responsibility to design the notes. In an effort to further his political career, his face appeared on a variety of U.S. paper currency, starting with the $1 bill so that the people would recognise him.

 

Most recently, in order to honor the man who introduced the modern system of banknotes, Chase was on the $10,000 bill, printed from 1928 to 1946. Chase was instrumental in placing the phrase "In God We Trust" on United States currency.[1]

[+420Atheist]

Good stuff. Thanks for posting it.

 

Andrew Jackson was always one of my favorite presidents and not just for his win against the British in New Orleans or his anti big bank stance. He had the balls to make the Louisiana purchase without the permission of congress. You gotta love that.

 

I am not surprised that British banks would not give Lincoln a reasonable loan. You see his attorney general had been putting out rhetoric (really it was unsupported propaganda) that said England was about to invade the US again. He did this because he wrongly believed the war would stop so we could be united against a common enemy England. How this backfired is it started talks between England and the Souther States. England never joined the war with the south but had they joined it may have been a very different outcome.

 

It is too bad history is not given more emphasis in our education system. It is certainly one reason the wealthy can continue to redistribute the wealth in this country from the poor and middle class to the rich without any resistance.

[jaman]

It's too bad that we don't read and learn. Today everyone wants to text, twitter, facebook, play video games. and they are not interested in our history or how things work. A country has to work hard to be great and i think we have many people who don't care for work.They want it all given to them and given now. PEACE

[+420Atheist]

Woops a little correction to my above post. Jackson was the manifest destiny guy that pushed for the lands west of the Louisiana purchase. The Louisiana purchase was made before his presidency. Jackson was also the guy who forced the Native American march on the Trail of Tears. It was interesting that he seemed to be against slavery but also was responsible nearly committing genocide against the Native Americans. I still consider him one of the more interesting presidents.

 

One of my favorite essayist on history and the presidents is Sarah Vowell. If you get a chance to read Assassination Vacation it is a fun and informative read.

[solabeirtan]

Woops a little correction to my above post. Jackson was the manifest destiny guy that pushed for the lands west of the Louisiana purchase. The Louisiana purchase was made before his presidency. Jackson was also the guy who forced the Native American march on the Trail of Tears. It was interesting that he seemed to be against slavery but also was responsible nearly committing genocide against the Native Americans. I still consider him one of the more interesting presidents.

 

One of my favorite essayist on history and the presidents is Sarah Vowell. If you get a chance to read Assassination Vacation it is a fun and informative read.

First time most of those Indians got a taste of American Hospitality, or heard of the 'Rent is Too dam HIGH' party! This land is your land, NO, this land is my Land, NO, Yo Land is Ova DEA ...

[solabeirtan]

That's what should shape up to be a great performance. How the Country as a whole is to create enough jobs to lower our unemployment rates, but more importantly to restore or replace the so many broken American Dreams.

We have the party of 'NO' and the 'Know it All' party to undo 50 years of bashing the American Workers. (After they finished the Indians, Chinese, Japanese, Nazis, Communists, Blacks, Mexicans, Catholics, ) From the National Union Busting programs like NAFTA, to the relentless attack on the Middle Class Values. Cant wait to see them put HumpT - DumpT back TO Gether Again! Should be a good show? (not?)...

[solabeirtan]

Another fallicy I will put to rest here is the fact that the American Revolution had anything to do with Taxes. It had everything to do with our ability to Print Our Own Money. Thats why Lincoln was killed. He was by Miles the best Statesman this country has ever had. Another possible reason for his demise: He orderd the South was not reponsible for their debts incurred by the WAR, which cost the Rothschilds a lot of money.

[thanks2]

The Executive Order 6102 should be on this list. An act that force all Americans to turn their gold into the federal reserve in exchange for printed money. It was illegal to own gold until 1973. A true asset in exchange for unbacked freely printed money. The greatest hist ever committed.

[solabeirtan]

The Executive Order 6102 should be on this list. An act that force all Americans to turn their gold into the federal reserve in exchange for printed money. It was illegal to own gold until 1973. A true asset in exchange for unbacked freely printed money. The greatest hist ever committed.

 

Wonder how many people fell for that one? .... a sign of things to come ...?

[Mememe]

The Executive Order 6102 should be on this list. An act that force all Americans to turn their gold into the federal reserve in exchange for printed money. It was illegal to own gold until 1973. A true asset in exchange for unbacked freely printed money. The greatest hist ever committed.

Yep, the price of gold went up sharply immediately after that. It was not totally illegal though, one could keep a certain ammount of collectible gold (coins).

[xxsesimeseedxx]

You know nobody cares about this stuff.

 

It is so discouraging to see so many misled into thinking that "their party" is the good political party that would harm no one, except here it is out in the open for everyone to see that their elected and non-elected officials have signed off on and are in bed with and often instigate treasonous and evil activity against the individual human beings in their own party (and the other parties as well). People are so blinded they don't care about the federal reserve bank, genetically modified organisms in our food, corporate/governmental feeding us all kinds of poisons that our FDA approves of, making everyone stay dependent on deadly pharma drugs and outlawing and imprisoning and killing their opponents. Both parties are up to their necks in it and they have everyone convinced that the evil one is the other guy. But YOUR GUY is in on this too, yes, your guy. Don't believe me? Check it out for yourselves. Please!!!

 

It just seems that few humans care about the important stuff because their personal prejudices clouds their vision and judgment, and sometimes because these statist fiends have created a situation where many of us individual humans are so busy dealing with the layers of BS our elected and non-elected officials have created that many don't have the time or the energy to care, when often this deliberate distraction and confusion is the very thing that is keeping a freedom loving people trapped in this version of an Orwellian nightmare.

 

But, xxsesimeseedxx, thanks for bringing it up to the 5 or 6 people that may read this thread and care...

 

I'm not sure if i'm taking your post out of context, but are you bashing me for posting this???

[Bisharoo]

I'm not sure if i'm taking your post out of context, but are you bashing me for posting this???

 

Oh no, not at all. I am on your side, I just see that most people don't care about this subject, and I think they should and I get discouraged.

I THANK YOU for posting this important information. Please continue, my friend!!!

[xxsesimeseedxx]

Oh no, not at all. I am on your side, I just see that most people don't care about this subject, and I think they should and I get discouraged.

I THANK YOU for posting this important information. Please continue, my friend!!!

 

Ok, lol, i just wanted to make sure i didnt make an A$$ out of myself when i replied.