SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Liberalism: Do You Agree We've Had Enough of It?

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: didjuneau who wrote (222259)12/3/2022 4:15:17 AM
From: didjuneau  Read Replies (1) of 224690
 
"I killed the bank." Andrew Jackson Great history of central banks and monetary policy.

mcalvanyweeklycommentary.com

Audio podcast with text to follow along and copy for excerpts.

This came around the time that 0bama was going to put Harriet Tubman on the $20 bill. These guys figured Andrew Jackson would have been good with that as he wanted nothing to do with Central Banks.

Kevin: “I killed the bank.” That’s what reads on Andrew Jackson’s gravestone, not that he was the seventh President of the United States, not that he was part of a very young revolutionary country, but I killed the bank – pretty significant.

David: If you consider what the challenge was, this is the second central bank of America and the first charter was allowed to expire under the suspicion of corruption.

The Federal Reserve is the third central bank of America. We just can't seem to kill the beast for good.

David: But take your $20 bill and explain – the first central bank went away because it was deemed too corrupt to be allowed to exist.

Kevin: But then came the second.

David: Lo and behold it was resurrected as the second central bank, and by 1833 it was killed. It was killed by Andrew Jackson. Now, since he is being wiped off of the $20 bill, so is the history of the consequence of central banking. And that is where, if you don’t have a $20 gold piece, you can just allude to it. If you have one, it is worth showing the difference between, this bill used to be worth this.

Kevin: Which would you like now? I’ll give you a 20, or I’ll give you an ounce of gold. What would you prefer? Because it used to be that was the trade.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext