Reasons Why Andrew Jackson Opposed the National Bank

During the month of January, I posted a few video clips about the Federal Reserve.  Hopefully, those videos were very informative and you can see how dangerous the Federal Reserve is.  America's economic destiny is controlled by the hands of a few banking families.  The Federal Reserve is a consortium of international bankers of whom the Rothschilds are a part of.  The FED is unconstitutional and our politicians need to unhook from the FED. 

Prior to the creation of the Federal Reserve in 1913, our Founding Fathers had established the National Bank.  The First Bank was established in 1791 by the support of the United States first treasury secretary, Alexander Hamilton.  It lasted until the charter expired in 1811.  In 1816 the charter was renewed for the Second Bank due to severe inflation and the costs to wage the War of 1812.   President Andrew Jackson refused to renew the charter in 1833.  He issued an executive order that ended the deposit of government funds into the Bank of the United States.  Jackson presented a list of reasons for his opposition to renewing the charter of the Second Bank in his veto message.  Here are a list of reasons for his opposition to the National Bank:

......It concentrated the nation's financial strength in a single institution.

.......It exposed the government to control by foreign interests.

......It served mainly to make the rich richer.

......It exercised too much control over members of Congress.

.......It favored northeastern states over southern and western states.

......Banks are controlled by a few select families.

.......Banks have a long history of instigating wars between nations, forcing them to borrow funding to pay for them.

The reasons that Jackson listed in his opposition to the Second Bank of the Untied States apply to the Federal Reserve, for the most part.  Thomas Jefferson once said that a private central bank issuing public currency is more of a menace than an invading army.  How true that is.  The FED controls the currency, prints money, and charges interest on the national debt.  The United States is a slave to this international banking system.  The United States needs to exit the FED and print its own money once again.

(Information taken from Wikipedia on Andrew Jackson)