 |
 |
 |
 |
|
 |
 |
The Soon Coming Judgment Of God Upon America and How To Escape It 299
national bank as his most important achievement. He had the following words inscribed on his
tombstone: “I killed the Bank.” Because of his opposition to the FNB, an assassin, with known
ties to the bankers, made an attempt on his life by putting two guns into his stomach and firing
both guns. Jefferson was spared as both guns misfired.
1195
The second national bank was formed in 1816. It, like the first nation bank, received a
twenty-year charter. The bank was given the ability to loan the government $60 million by
creating it out of nothing, just as the current Federal Reserve does.
Thomas Jefferson who had fought against the first bank, fought against this one also.
Although he died in 1826 before he could see the destruction of the second national bank, he
wrote the following in a letter to John Taylor in 1816:
I believe that banking institutions are more dangerous to our liberties than
standing armies.
Already they have raised up a money aristocracy that has set the
government at defiance.
The issuing power should be taken from the banks and restored to the
Government, to whom it property belongs.
As with the current Federal Reserve, the bank was able to control the economy at will. It
first increased the money supply causing inflation and then contracted the money supply causing
deflation. This enabled the bank to repossess a great quantity of property.
In the 1832 election Andrew Jackson ran on a platform to kill the bank and he won in an
overwhelming victory. In order to carry out his promise, President Jackson ordered Nicholas
Biddle, President of the Second Bank of the United States, to withdraw government funds on
deposit in the bank. Biddle refused to refund the US government’s deposits. Biddle also set about
to punish Jackson and the American people for their decisions. He set about on a program to ruin
the American economy by decreasing the money supply in an attempt to win a new bank charter
by blackmail. Decreases in the money supply cause economic recessions and depressions. The
bank charter expired in 1836 in spite of every effort possible by Biddle and the bank; this
included an assassination attempt on President Jackson.
During the civil war a central bank was chartered once again in 1861. This central bank
was under the control of the US government and was responsible for the creation of the
“greenbacks,” which experienced extreme devaluation and had to be replaced. This bank too met
its rightful end.
1196
Through his very difficult task of financing the Civil War, President Lincoln learned
much about domestic and international finance. He became very concerned about the
developments he began to see in America and for which he warned shortly before his
assassination. He stated:
As a result of the war, corporations have been enthroned and an era of
corruption in high places will follow and the money power of this country will
endeavor to prolong its reign by working on the prejudices of the people until
 |