QUOTES OF THE DAY

“Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country.

When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin!

Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out.”

Andrew Jackson, Taken from the original minutes of the Philadelphia bankers meeting from Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels

“Both religion and socialism thus glorify weakness and need. Both recoil from the world as it is: tough, unequal, harsh. Both flee to an imaginary future realm where they can feel safe. Both say to you, be a nice boy. Be a good little girl. Share. Feel sorry for the little people. And both desperately seek someone to look after them—whether it be God or the State.

A thriving upper class accepts with a good conscience the sacrifice of untold human beings, who, for its sake, must be reduced and lowered to incomplete human beings, to slaves, to instruments… One cannot fail to see in all these noble races the beast of prey, the splendid blond beast, prowling about avidly in search of spoil and victory; this hidden core needs to erupt from time to time, the animal has to get out again and go back to the wilderness.”

Friedrich Nietzsche

“The LameStream Media is the dominant force in trying to get me to keep our Country closed as long as possible in the hope that it will be detrimental to my election success. The real people want to get back to work ASAP. We will be stronger than ever before!”

Donald J. Trump, March 25, 2020

“There’s a reason narcissists don’t learn from mistakes and that’s because they never get past the first step which is admitting that they made one. It’s always an assistant’s fault, an adviser’s fault, a lawyer’s fault. Ask them to account for a mistake any other way and they’ll say, ‘what mistake?’

Narcissism falls along the axis of what psychologists call personality disorders, one of a group that includes antisocial, dependent, histrionic, avoidant and borderline personalities. But by most measures, narcissism is one of the worst, if only because the narcissists themselves are so clueless.”

Jeffrey Kluger, The Narcissist Next Door

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THIS DAY IN HISTORY – The U.S. national debt reaches $0 for the first time – 1835

Via History.com

On January 8, 1835, President Andrew Jackson achieves his goal of entirely paying off the United States’ national debt. It was the only time in U.S. history that the national debt stood at zero, and it precipitated one of the worst financial crises in American history.

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QUOTE OF THE DAY

“Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country.

When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin!

Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out.”

Andrew Jackson, From the original minutes of his meeting with the Philadelphia bankers, February 1834, from Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels

THIS DAY IN HISTORY – Presidential election goes to the House of Representatives – 1824

Via History.com

As no presidential candidate had received a majority of the total electoral votes in the election of 1824, Congress decides to turn over the presidential election to the House of Representatives, as dictated by the 12th Amendment to the U.S. Constitution.

Continue reading “THIS DAY IN HISTORY – Presidential election goes to the House of Representatives – 1824”

QUOTES OF THE DAY

“Moral hazard is the probability that a party insulated from risk will behave differently from the way they would behave if fully exposed to the risk. Moral hazard arises because an individual or institution does not bear the full consequences of its actions, and therefore has a tendency to act with increasing recklessness, literally ‘without reckoning.” It also encourages the rise to power of the sociopath in the affected organizations.

It is difficult to explain moral hazard to tenured professors or the pampered princes of bureaucracy, who beat the drum with their silver spoons in support of shifting the risk of loss to the public every time that Wall Street falls into one of its own schemes and blows itself up.

It is a lesson that the average person learns by the age of twelve and relearns, sometimes spectacularly, at least once in young adulthood. If you do something wrong there can be bad outcomes, and you will pay the price and penalty. Unfortunately there is a small but powerful oligopoly of privilege that is trying to project themselves onto the global stage while believing that they are immune to ordinary consequence, and have become addicted to the notion that ‘others must pay’ for their failures.

Moral hazard comes from rewarding bad behaviour in markets with wristslaps and bailouts. It is a danger to the economy and to the public.”

Jesse, Moral Hazard, 22 March 2008

“When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin!

Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out.”

Andrew Jackson, The original minutes of the Philadelphia bankers sent to meet with President Jackson February 1834, from Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels

THIS DAY IN HISTORY – Andrew Jackson shuts down Second Bank of the U.S. – 1833

Via History.com

President Andrew Jackson announces that the government will no longer use the Second Bank of the United States, the country’s national bank, on September 10, 1833. He then used his executive power to remove all federal funds from the bank, in the final salvo of what is referred to as the “Bank War.”

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QUOTES OF THE DAY

“In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law; but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society — the farmers, mechanics, and laborers — who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their government.

There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing.”

Andrew Jackson, Veto of the Second Bank of the United States

“Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country.

When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin!

Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out.”

From the original minutes of the Philadelphia bankers sent to meet with President Jackson February 1834, from Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels

THIS DAY IN HISTORY – Future president Andrew Jackson kills Charles Dickinson in a duel – 1806

Via History.com

On this day in 1806, future President Andrew Jackson kills a man who accused him of cheating on a horse race bet and then insulted his wife, Rachel.

Contemporaries described Jackson, who had already served in Tennessee’s Senate and was practicing law at the time of the duel, as argumentative, physically violent and fond of dueling to solve conflicts. Estimates of the number of duels in which Jackson participated ranged from five to 100.

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THIS DAY IN HISTORY – Andrew Jackson narrowly escapes assassination – 1835

Via History.com

On this day in 1835, Andrew Jackson becomes the first American president to experience an assassination attempt.

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THIS DAY IN HISTORY – Presidential election goes to the House – 1824

Via History.com

As no presidential candidate had received a majority of the total electoral votes in the election of 1824, Congress decides to turn over the presidential election to the House of Representatives, as dictated by the 12th Amendment to the U.S. Constitution.

Continue reading “THIS DAY IN HISTORY – Presidential election goes to the House – 1824”

THE FOURTH TURNING & WAR OF THE WORLDS

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“In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. If foreign societies are also entering a Fourth Turning, this could accelerate the chain reaction. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action.” – The Fourth Turning – Strauss & Howe

The paragraph above captures everything that has happened, is happening, and will happen during this Fourth Turning. It was written over two decades ago, but no one can deny its accuracy regarding our present situation. The spark was a financial crash. The response to the financial crash by the financial and governmental entities, along with their Deep State co-conspirators who created the financial collapse due to their greed and malfeasance, led to the incomprehensible election of Donald Trump, as the deplorables in flyover country evoked revenge upon the corrupt establishment.

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THIS DAY IN HISTORY – Andrew Jackson shuts down Second Bank of the U.S. – 1833

Via History.com

On this day in 1833, President Andrew Jackson announces that the government will no longer use the Second Bank of the United States, the country’s national bank. He then used his executive power to remove all federal funds from the bank, in the final salvo of what is referred to as the “Bank War.”

Continue reading “THIS DAY IN HISTORY – Andrew Jackson shuts down Second Bank of the U.S. – 1833”

QUOTES OF THE DAY

“The 2008 financial crisis unleashed a chain reaction that turbo-boosted the influence of central bankers and triggered a massive shift in the world order. Central banks and institutions like the IMF are overstepping the bounds of their mandates and directing the flow of money without any checks and balances. Meanwhile, the open door between private and central banking ensures endless manipulation against a backdrop of government support.”

Nomi Prins, Collusion: How Central Bankers Rigged the World

“Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country.

When you won, you divided the profits among you, and when you lost, you charged it to the Bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin!

Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out.”

From the original minutes of the Philadelphia bankers meeting with President Jackson February 1834, from Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels

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THIS DAY IN HISTORY – Jackson sends troops to put down labor riot – 1834

Via History.com

On this day in 1834, Andrew Jackson becomes the first president to use federal troops to quell labor unrest.

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QUOTES OF THE DAY

“There is felt today very widely the inconsistency in this condition of political democracy and industrial absolutism. The people are beginning to doubt whether in the long run democracy and absolutism can coexist in the same community; beginning to doubt whether there is a justification for the great inequalities in the distribution of wealth, for the rapid creation of fortunes, more mysterious than the deeds of Aladdin’s lamp…

The government is the potent omnipresent teacher. For good or ill it teaches the whole people by its example. Crime is contagious. If the government becomes a lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy.”

Louis D. Brandeis

“It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes.

…when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society-the farmers, mechanics, and laborers-who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their Government. There are no necessary evils in government. Its evils exist only in its abuses.”

Andrew Jackson

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