Forum Post: In the Words of Past Presidents

The Past Reveals the Future

"If the American people ever allow private banks to control the issue of their money, first by inflation then by deflation, the banks and corporations that grow up around them would deprive the people of their property until their children would wake up homeless on the very continent that their fathers conquered" -Thomas Jefferson 

In 1832 Andrew Jackson ended the 2nd Federal Bank of the United States

"The bold effort the present bank had made to control the government are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it."

By 1835 the National Debt was lower than ever before or since in U.S. history.  Andrew Jackson survived an assassination attempt on Jan 30, 1835. At the end of his life he was asked what his greatest accomplishment was.  He replied, "I killed the bank."

In 1862 Abraham Lincoln refused to take loans from European bankers and instead issued debt free currency called 'greenbacks'

"The government should create, issue and circulate all currency and credit needed to satisfy the spending power of the government and the buying power of consumers... The privilege of creating and issuing money is not only supreme prerogative of government but it's the governments greatest creative opportunity. By adopting these principles the taxpayer will be saved immense sums of interest. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power."

On April 14, 1865 Abraham Lincoln was assassinated. 

In September of 1881, James Garfield said: "Whosoever controls the volume of money in any country is absolute master of all industry and commerce... And when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top... You will not have to be told how periods of inflation and depression originate" 

On September 19, 1881 James Garfield was assassinated. 

In 1932, during the great depression, Louis McFadden moved to induce charges against the Federal Reserve. 

"We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks... This evil institution has impoverished and ruined the people of the United States and has practically bankrupted our government. This is an era of economic misery, and for the conditions that caused that misery, the Federal Reserve Board and the Federal Reserve Banks are fully liable. 

After surviving 2 assassination attempts, he was assassinated on Oct 3, 1936.

On June 4, 1963, John F. Kennedy signed Executive Order 11110. This ended the Fed's monopoly on printing U.S. currency and allowed the U.S. Treasury to start issuing debt free money called U.S. notes On November 22, 1963, John F. Kennedy was assassinated. Executive Order 11110 was overturned by Linden Johnson and the newly issued U.S. Treasury notes were removed from circulation. 

Hmm, never learned that in history class.