The Fight to Keep the Rothschilds Out of the US Banking System
By James Donahue
Thomas Jefferson, the nation’s third President, understood the dangerous power of the European banking system. After elected to office he attempted to create a publicly-owned central bank designed to keep European monarchs and aristocrats out of the new nation’s affairs. But the Bank of England won the fight. In 1791 the Bank of the United States was founded with the Rothschilds as the primary owners.
Jefferson warned that “banking establishments are more dangerous than standing armies . . . There is scarcely a king in a hundred who would not, if he could, follow the example of Pharaoh – get first all the people’s money, then all their lands and then make them and their children servants forever.”
History has proved Jefferson quite right in his assessment of the people who control the world’s money. But the power figures in Washington were divided in Jefferson’s day, much like they are today. Alexander Hamilton led a movement to create the Bank of the United States, a private U.S. central bank. Congress passed the Bank Bill in January, 1791 and it was signed into law by President Washington. Historians like to overlook the fact that this bank was under the control of foreign investors, with the Rothschilds among the primary owners.
Hamilton was well rewarded for his efforts. Washington named him Secretary of the Treasury. From this post he became the main author of economic policies of Washington’s Administration and a main spokesman for the new Federalist Party.
The Bank soon flooded the market with loans thus helping push a rising securities market. But things quickly got out of hand, the bank began calling in many of the loans which led to the Panic of 1792. Investors went broke, which led to a movement by 1811 among Jefferson’s Democratic Party to dissolve the Bank of America. That was possible because the bank’s charter was expiring and it was up to Congress to renew it or take another course of financial action.
It was a hot issue that year and because of the 1792 panic, public opinion favored revoking the charter and replacing it with a Jeffersonian public central bank. Alas, the European bankers plunged the United States into the War of 1812. The war created a climate of fear and economic chaos, and Congress renewed the charter for Hamilton’s bank in 1816. The Rothschilds won again.
It was 12 years later when “Old Hickory,” the outspoken Andrew Jackson, took on the European bankers. He ran for the presidency and built his campaign on a promise to rid the nation of the controls imposed by the international “den of vipers.” In one of his speeches he declared that “if the people understood the rank injustices of our money and banking system there would be a revolution before morning.”
Jackson was elected and he kept his promise. He revoked the bank’s charter. In doing so he issued the following commentary which seems to describe the dilemma America faces again today:
“The Act seems to be predicated on an erroneous idea that the present shareholders have a prescriptive right to not only the favor, but the bounty of the government…for their benefit does this Act exclude the whole American people from competition in the purchase of this monopoly. Present stockholders and those inheriting their rights as successors be established a privileged order, clothed both with great political power and enjoying immense pecuniary advantages from their connection with government. Should its influence be concentrated under the operation of such an Act as this, in the hands of a self-elected directory whose interests are identified with those of the foreign stockholders, will there not be cause to tremble for the independence of our country in war…controlling our currency, receiving our public monies and holding thousands of our citizens independence, it would be more formidable and dangerous than the naval and military power of the enemy. It is to be regretted that the rich and powerful too often bend the acts of government for selfish purposes…to make the rich richer and more powerful. Many of our rich men have not been content with equal protection and equal benefits, but have besought us to make them richer by acts of Congress. I have done my duty to this country.”
Under Jackson’s presidency and the nationally controlled banking system the national debt dropped to zero for the only time in U.S. history. But the European Bankers did not take this lying down. In 1835 a gunman named Richard Lawrence attempted to assassinate Jackson but his gun misfired. And when Jackson still refused to renew the Bank of United States charter, Rothschild bankers created a manufactured boom between 1833 and 1837 then withdrew funding to purposefully cause a severe depression. Nearly half of the banks in the nation closed their doors and the larger banks consolidated. The depression slammed against the nation for the next six years.
When Lincoln was elected President the Civil War was already underway. To deal with it Lincoln refused to borrow money from the European banks but issued U.S. printed “greenbacks” to finance the Union’s Army. While the nation was operating on government issued greenbacks there was great economic expansion.
Of course Lincoln was assassinated. President James Garfield, also a proponent of “honest money” backed by a reserve of gold and silver. He was assassinated shortly after his election.
There was continued skullduggery occurring in the American banking system during the years after Garfield was killed. Then came the Banking Panic of 1907 which was very likely a manufactured event designed to help the big money men like J.P. Morgan, Nelson Aldrich and the Rockefellers form an organization that eventually became the Federal Reserve. The story was sold that the reserve would help regulate banks. In reality it really gave power to the private bankers . . . especially the European bankers.
In 1910 there was a secret gathering of some of the most powerful bankers on Jekyll Island, off the coast of Georgia, to draft a proposal for a private Central Banking system.
Two days before Christmas in 1913, while many members of Congress were away on vacation, the Federal Reserve Act was passed, creating the banking system we still have today. It gives private bankers supreme authority over the economy. They are now able to create money out of nothing (and loan it at interest), make decisions without government approval, and control the amount of money in circulation.
The Federal Reserve is an arm of the Bank of England, which is part of the Rothschild banking empire. The last president who attempted to fight this powerful empire was John F. Kennedy. And we all know what happened to him.
By James Donahue
Thomas Jefferson, the nation’s third President, understood the dangerous power of the European banking system. After elected to office he attempted to create a publicly-owned central bank designed to keep European monarchs and aristocrats out of the new nation’s affairs. But the Bank of England won the fight. In 1791 the Bank of the United States was founded with the Rothschilds as the primary owners.
Jefferson warned that “banking establishments are more dangerous than standing armies . . . There is scarcely a king in a hundred who would not, if he could, follow the example of Pharaoh – get first all the people’s money, then all their lands and then make them and their children servants forever.”
History has proved Jefferson quite right in his assessment of the people who control the world’s money. But the power figures in Washington were divided in Jefferson’s day, much like they are today. Alexander Hamilton led a movement to create the Bank of the United States, a private U.S. central bank. Congress passed the Bank Bill in January, 1791 and it was signed into law by President Washington. Historians like to overlook the fact that this bank was under the control of foreign investors, with the Rothschilds among the primary owners.
Hamilton was well rewarded for his efforts. Washington named him Secretary of the Treasury. From this post he became the main author of economic policies of Washington’s Administration and a main spokesman for the new Federalist Party.
The Bank soon flooded the market with loans thus helping push a rising securities market. But things quickly got out of hand, the bank began calling in many of the loans which led to the Panic of 1792. Investors went broke, which led to a movement by 1811 among Jefferson’s Democratic Party to dissolve the Bank of America. That was possible because the bank’s charter was expiring and it was up to Congress to renew it or take another course of financial action.
It was a hot issue that year and because of the 1792 panic, public opinion favored revoking the charter and replacing it with a Jeffersonian public central bank. Alas, the European bankers plunged the United States into the War of 1812. The war created a climate of fear and economic chaos, and Congress renewed the charter for Hamilton’s bank in 1816. The Rothschilds won again.
It was 12 years later when “Old Hickory,” the outspoken Andrew Jackson, took on the European bankers. He ran for the presidency and built his campaign on a promise to rid the nation of the controls imposed by the international “den of vipers.” In one of his speeches he declared that “if the people understood the rank injustices of our money and banking system there would be a revolution before morning.”
Jackson was elected and he kept his promise. He revoked the bank’s charter. In doing so he issued the following commentary which seems to describe the dilemma America faces again today:
“The Act seems to be predicated on an erroneous idea that the present shareholders have a prescriptive right to not only the favor, but the bounty of the government…for their benefit does this Act exclude the whole American people from competition in the purchase of this monopoly. Present stockholders and those inheriting their rights as successors be established a privileged order, clothed both with great political power and enjoying immense pecuniary advantages from their connection with government. Should its influence be concentrated under the operation of such an Act as this, in the hands of a self-elected directory whose interests are identified with those of the foreign stockholders, will there not be cause to tremble for the independence of our country in war…controlling our currency, receiving our public monies and holding thousands of our citizens independence, it would be more formidable and dangerous than the naval and military power of the enemy. It is to be regretted that the rich and powerful too often bend the acts of government for selfish purposes…to make the rich richer and more powerful. Many of our rich men have not been content with equal protection and equal benefits, but have besought us to make them richer by acts of Congress. I have done my duty to this country.”
Under Jackson’s presidency and the nationally controlled banking system the national debt dropped to zero for the only time in U.S. history. But the European Bankers did not take this lying down. In 1835 a gunman named Richard Lawrence attempted to assassinate Jackson but his gun misfired. And when Jackson still refused to renew the Bank of United States charter, Rothschild bankers created a manufactured boom between 1833 and 1837 then withdrew funding to purposefully cause a severe depression. Nearly half of the banks in the nation closed their doors and the larger banks consolidated. The depression slammed against the nation for the next six years.
When Lincoln was elected President the Civil War was already underway. To deal with it Lincoln refused to borrow money from the European banks but issued U.S. printed “greenbacks” to finance the Union’s Army. While the nation was operating on government issued greenbacks there was great economic expansion.
Of course Lincoln was assassinated. President James Garfield, also a proponent of “honest money” backed by a reserve of gold and silver. He was assassinated shortly after his election.
There was continued skullduggery occurring in the American banking system during the years after Garfield was killed. Then came the Banking Panic of 1907 which was very likely a manufactured event designed to help the big money men like J.P. Morgan, Nelson Aldrich and the Rockefellers form an organization that eventually became the Federal Reserve. The story was sold that the reserve would help regulate banks. In reality it really gave power to the private bankers . . . especially the European bankers.
In 1910 there was a secret gathering of some of the most powerful bankers on Jekyll Island, off the coast of Georgia, to draft a proposal for a private Central Banking system.
Two days before Christmas in 1913, while many members of Congress were away on vacation, the Federal Reserve Act was passed, creating the banking system we still have today. It gives private bankers supreme authority over the economy. They are now able to create money out of nothing (and loan it at interest), make decisions without government approval, and control the amount of money in circulation.
The Federal Reserve is an arm of the Bank of England, which is part of the Rothschild banking empire. The last president who attempted to fight this powerful empire was John F. Kennedy. And we all know what happened to him.