How Andrew Jackson Killed the Second Bank of the United States

Via Jesse’s Cafe Americain

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ragman
ragman
December 7, 2014 9:16 am

Co-incidentally, the last time the federal budget was balanced.

SSS
SSS
December 7, 2014 9:35 pm

Some good history in here. Thanks, Admin.

Jackson
Jackson
December 7, 2014 9:49 pm

Listen to the second of these videos first. It explains early banking history better.
While watching, think FED when the narrators mention the early national banks.

Or, if you don’t have a minute to spare for viewing, note these salient points from the videos.

1. “The national bank was created to help the government borrow money for funding… projects.”
Then they were internal improvements, now the projects seem to be mostly overseas military adventures.

2. Soon after the Second Bank of the United States was created it began to massively inflate the money supply.” That led to a boom which was followed by bankruptcies in the Panic of 1819. “The bank was saved but the people were ruined.”

3. “Since the United States survived from 1832 until 1913 without a national bank, one has to wonder how necessary a national bank really was.”

Skooby
Skooby
December 7, 2014 10:03 pm

In my humble opin, arguably the greatest President the nation has ever had.

IndenturedServant
IndenturedServant
December 7, 2014 10:55 pm

Out of curiosity, does anyone know about the current Fed charter? I thought I had read that the 1913 charter was 100 years which means it would have expired last year. I don’t think I’ve ever read that part of Fed history but I’d bet they quietly renewed the charter for eternity as part of a WWI or WWII war spending bill. Perhaps it’s part of the Black Budget and too secret for us to know about.

Llpoh
Llpoh
December 7, 2014 11:19 pm

In my humble opinion, the biggest mass-murdering genocidal piece of shit ever to breathe God’s air.

Praising Jackson is similar to praising Hitler for improving the German economy pre-WW2. Nothing Jackson ever did can erase the stain of the suffering and death he caused among Native Americans.

Jackson, on Jackson.
Jackson, on Jackson.
December 7, 2014 11:50 pm

Ivan Eland, in “Recarving Rushmore,” a book which rates the presidents on the basis of how much their presidency contributed to American peace, prosperity, and liberty, provides corroboration for Llpoh’s assessment of Andrew Jackson.

Eland writes, “Jackson didn’t like the Indians…. Jackson got Congress to pass an Indian Removal Act to drive Indians off land that had been guaranteed them by more than 90 treaties…. Jackson had an awful record in his dealings with Indians.” Words like savagry, (Indians) massacred, “Trail of Tears,” horrific savagry, and thousands of Indians died are used to describe Andrew Jackson’s treatment of Native Americans.

Concerning the other issue raised on this post, Eland says, “Jackson correctly opposed a recharter of the Second Bank of the United States.”

Llpoh
Llpoh
December 8, 2014 1:38 am

I love Jackson! Just not the president.

Even SSS was not aware of that assholes actions toward the Indians. And he is very up on his history.

Llpoh
Llpoh
December 8, 2014 1:39 am

Admin just does this Jackson shit to piss me off. He can, you know, like blow me.

Llpoh
Llpoh
December 8, 2014 1:42 am

This thread did establish one thing, that being Skooby is a moron.

Dave Doe
Dave Doe
December 8, 2014 8:07 am

It is a naive view of human nature that says a person can only do great or horrible things when in fact both are possible.

It is possible to admire Jackson for his fights against corruption and the monied interests while abhoing his treatment of native people’s.

To summarize, LLPOH is not the sharpest knive in the drawer.

flash
flash
December 8, 2014 8:18 am

It’s ironic that the the noble savage who raped , robbed and murdered other noble savages remains so, but let on backwood honkey do the same …sheesh …and we never hear the last of it from the butthurt attention seeking wannabeeze.

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Welshman
Welshman
December 8, 2014 9:56 am

Our first seven president were great men, and all had some issues with Indians. Andrew Jackson hated the English and saw the Indians as savages. The Indians were pushed out of the main 13 colonies and into the American heartland, where they had a toehold, and saw the writing on the wall with broken trieaties. The Indians pushed back against the new settlers, and Andrew Jackson with large state guard armies wiped them out and drove them onto shitty reservation.

Andrew Jackson was an American hero for defeating the English at New Orleans and getting the Indian problem under control in the American heatland. Llpoh correctly points out it was outright
genocide against the Indians.

My father who was on the tail end of the Mormon movement in Utah around 1910, stated that it was almost a sport to abuse Indians. They were treated worst than stray dogs.

Llpoh
Llpoh
December 8, 2014 10:27 pm

Thanks Welshman.

Dave Doe is dumb as a rock.

Llpoh
Llpoh
December 8, 2014 10:42 pm

DD must think that Jews should be able to see Hitler’s good side, and overlook the atrocities. All in the name of balance, of course.

What a stinking pile of shit. No amount of good that asshole ever did can outweigh the murders and attempted genocide.

And DD, you know I am Indian, right? And that forgiving that motherfucker is not gonna happen. He was evil, pure and simple.

Dave Doe
Dave Doe
December 8, 2014 11:19 pm

LLPOH, I might be dumb as a rock, but I’m not as dumb as you. Comparing Hitler to Jackson just makes that point.

I’m part Indian (1/64) and part German (1/8). Doesn’t cloud my judgement or moral outrage at any atrocity.

Llpoh
Llpoh
December 9, 2014 12:05 am

Some people are plain evil. You try to overlook Jackson’s atrocities by sayin “but look what great deeds he did!”. He was a fucking mass murderer. Nothing offsets that. Nothing Hitler ever did can offset the atrocities he committed. I am sure if you pick through his whole life you will find something positive. But it is all horseshit. In the end, when the scales are weighed, he is a genocidal maniac.

Hitler. Stalin. Pol Pot. Jackson. Their crimes outweigh all else. May they all rot in everlasting hell. It is the entirety of the picture that counts.

Same way I find MLK jr lacking as being a plagiarizing, womanizing hypocrite.

I do not look at what is accomplished in isolation. It is the sum of the parts that counts. And no matter how you add it, Jackson was all for the genocide of the Indians. And made a solid attempt to see it happen. There is no way it adds up to other than him being a piece of shit, totally lacking in moral fiber. Fuck him.

flash
flash
December 9, 2014 7:02 am

loopy- He was a fucking mass murderer.

Killer R US , Loopy. and since you on the emoting hate injun killers wagon don’t forget to include the other mass murdering pricks , Washington, Lincoln,Grant, Wilson, FDR, Truman , LBJ , Nixon, Reagan , Bush41and 43 plus the junior genocider Obamney..

Indians were defined as subhumans, lower than animals. George Washington compared them to wolves, “beasts of prey” and called for their total destruction. [3, pgs.119-120]

George Washington is called the “village burner” in Mohawk because of all the villages he ordered burnt. Villages would be surrounded. As the people came running out, they would be shot, stabbed, women, children and elders alike. In one campaign alone “hundreds of thousand died, from New York across Pennsylvania, West Virgina and into Ohio”. His name graces the capital of the United States.

Native American Genocide

flash
flash
December 9, 2014 7:12 am

Food for thought Loopy, and I’m not defending AJ , but the fact is you owe your half-honkie existence to ole’ Hickory..You’re here ,because Jackson singed the Indian Removal Act, which btw was an act of Congress … so to be honest the entire Federal government wanted the Indians gone.Throughout the annals history ethic cleansing was , is , and will be again used again as a political tool wielded by the most powerful for the purpose of resource control..bet on it.

Indian Removal Act
From Wikipedia, the free encyclopedia
The Indian Removal Act resulted in the transplantation of several Indian tribes and the Trail of Tears

The Indian Removal Act is a law that was passed by Congress on May 28, 1830, during the presidency of Andrew Jackson. It authorized the president to negotiate with Indian tribes in the Southern United States for their removal to federal territory west of the Mississippi River in exchange for their homelands.[1][2][3]

The act was strongly supported by non-native people of the South, who were eager to gain access to lands inhabited by the Five Civilized Tribes. Christian missionaries, most notably Jeremiah Evarts, protested against its passage.

https://en.wikipedia.org/wiki/Indian_Removal_Act

Dave Doe
Dave Doe
December 9, 2014 7:00 pm

Nobody is suggesting Jackson (or anybody else) shouldn’t be judged for their faults as but that doesn’t negate what we can learn from their other actions. Nobody’s holding Jackson up as a moral model, the post was commenting on Jackson’s fight against the monied interests, a common theme here. The point being there are lessons to be learned and we should learn and apply them.

If we really want to be fair, LLPOH and everybody else gives up their ill gotten gains to the native amerians and moves back to Europe or whereever else they came from.

I don’t think LLPOH or any of the rest of us are up for that.

Skooby
Skooby
December 9, 2014 11:48 pm

In regards to his hatred for the central bank, Jackson was spot on. This is what my comment should have been in retrospect. I dont endorse his treatment of the Indians. And I sincerely apologize for striking the wrong nerve with anyone. In the context of the topic, I do not think there is any argument his actions against the Second Bank were correct.

Llpoh
Llpoh
December 10, 2014 12:22 am

Well done Skooby.

EC
EC
December 10, 2014 12:43 am

“I’m part Indian (1/64) and part German (1/8). Doesn’t cloud my judgement or moral outrage at any atrocity.”

Try claiming 1/64 Black blood while making nigger jokes, I’m sure the Fergusons wont mind.

I think Stucky suggested that anybody who had ancestors here around 1840 or so, has Indian blood. However, it doesn’t make them Indian or give them a pass too absolve Jackson.

My PR buddy and I were flirting with the operator, she admitted she was part PR and part Mexican. I asked, what part of you is Puerto Rican? My buddy interjected, The good part.