sound familiar

[cathal maguidhir]

The connection of banks and government was fraught with financial and political peril, especially in a young republic whose citizens craved riches and yet resented every hint of aristocratic privilege. Banking was poorly understood, not yet professionalized, and its amateur practitioners sometimes wreaked disaster on their customers. Indeed, men commonly sought bank charters not as an outlet for investment, but as a source of credit—not looking to lend, but to borrow. In a financial sleight of hand, the required paid-in capital to start a bank often consisted of IOUs to be redeemed by the bank's own profits.King Andrew and the Bank
Humanities, January/February 2008
Volume 29, Number 1http://www.neh.gov/news/humanities/2008-01/KingAndrewandtheBank.html

[cathal maguidhir]

The courage which US president Andrew Jacskon (1767-1845) drew from his trust upon God is an inspiration to us all.

Andrew Jackson routs US bankers, reduces Federal debt to zero

Andrew Jackson, upon entry into the Oval Office, called a delegation of bankers into the White House and told them, ‘You are a den of vipers and thieves! I intend to rout you out, and by the grace of the Eternal God, will rout you out!’

This was not a man to sidestep issues - Andrew Jackson was a rambunctious man who took problems head-on. Whats more: he solved them! This was the only President in U.S. history to ever reduce the Federal debt to zero. He may not have been exaggerating when he said, The bank is trying to kill me! But I will kill it!

After he dissolved the Second National Bank of America (back then banks were granted twenty year charters to print money) there was an attempt on his life. The would-be assassin pointed his pistol at President Jackson and pulled the trigger- the gun jammed. An enraged sixty-seven-year-old President attacked him with his cane as the gunman pulled a second pistol out and pulled the trigger- again, this gun jammed!

It seems the grace of the Eternal God was with President Jackson!