The First and Second Bank of the United States - Foundations Part 3

I can't stress enough the importance of this topic.  It is at the heart of the issues we face today.  It has been a long term control mechanism that has been manipulated throughout most of our history.  To say that we are free is a lie.  To say that we have the framework and the foundation to be free is the truth.  However we ignore what the Founding Fathers told us.  We ignore the words they wrote to each other.  We ignore the underlining stories that may not be painted in neon, but are very much there to be read. 

In the Foundations Part 2 posting I said, "In the end, war was undertaken. We won. America was a free country. Or was she?"  I suppose it is passed time for that question to begin to be answered.  At the very least it is passed time for me to make it clear what I meant with those words.

In the mid-1700s the American Colonies were prospering, in part because they were issuing their own money called "Colonial Scrip," which was strictly regulated and did not require the payment of any interest. When the bankers in Great Britain heard this, they turned to the British Parliament, which passed a law prohibiting the Colonial Scrip, forcing the colonists to accept the "debt" or "fiat" money* issued by the Bank of England. Contrary to what history teaches, the American Revolution was not ignited by a tax on tea. According to Benjamin Franklin, it was because "the conditions [became] so reversed that the era of prosperity ended." He said:

"The Colonies would gladly have borne the little tax on tea and other matters had it not been the poverty caused by the bad influence of the English bankers on the Parliament, which has caused in the Colonies hatred of England and the Revolutionary War."

Before the American War for Independence in 1776, the colonized part of what is today the United States of America was a possession of England. It was called New England, and was made up of 13 colonies, which became the first 13 states of the great Republic. Around 1750, this New England was very prosperous. Benjamin Franklin was able to write:

"There was abundance in the Colonies, and peace was reigning on every border. It was difficult, and even impossible, to find a happier and more prosperous nation on all the surface of the globe. Comfort was prevailing in every home. The people, in general, kept the highest moral standards, and education was widely spread."

When Benjamin Franklin went over to England to represent the interests of the Colonies, he saw a completely different situation: the working population of this country was gnawed by hunger and poverty. "The streets are covered with beggars and tramps," he wrote. He asked his English friends how England, with all its wealth, could have so much poverty among its working classes.

His friends replied that England was a prey to a terrible condition: it had too many workers! The rich said they were already overburdened with taxes, and could not pay more to relieve the needs and poverty of this mass of workers. Several rich Englishmen of that time actually believed, along with Mathus, that wars and plague were necessary to rid the country from man-power surpluses.

Franklin's friends then asked him how the American Colonies managed to collect enough money to support their poor houses, and how they could overcome this plague of pauperism. Franklin replied:

"We have no poor houses in the Colonies; and if we had some, there would be nobody to put in them, since there is, in the Colonies, not a single unemployed person, neither beggars nor tramps."

Thanks To Free Money Issued By The Nation

His friends could not believe their ears, and even less understand this fact, since when the English poor houses and jails became too cluttered, England shipped these poor wretches and down-and- outs, like cattle, and discharged, on the quays of the Colonies, those who had survived the poverty, dirtiness and privations of the journey. At that time, England was throwing into jail those who could not pay their debts. They therefore asked Franklin how he could explain the remarkable prosperity of the New England Colonies. Franklin replied:

"That is simple. In the Colonies, we issue our own paper money. It is called 'Colonial Scrip.' We issue it in proper proportion to make the goods and pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power and we have no interest to pay to no one."

The Bankers Impose Poverty

The information came to the knowledge of the English Bankers, and held their attention. They immediately took the necessary steps to have the British Parliament to pass a law that prohibited the Colonies from using their scrip money, and then ordered them to use only the gold and silver money that was provided in sufficient quantity by the English bankers. Then began in America the plague of debt-money, which has never since brought so many curses to the American people.

The first law was passed in 1751, and then completed by a more restrictive law in 1763. Franklin reported that one year after the implementation of this prohibition on Colonial money, the streets of the Colonies were filled with unemployment and beggars, just like in England, because there was not enough money to pay for the goods and work. The circulating medium of exchange had been reduced by half.

Franklin added that this was the original cause of the American Revolution - and not the tax on tea nor the Stamp Act, as it has been taught again and again in history books. The financiers always manage to have removed from school books all that can throw light on their own schemes, and damage the glow that protects their power.

While this quote appears at the start of this posting it's important enough to review it again.  Franklin,  wrote it clearly when he said:

"The Colonies would gladly have borne the little tax on tea and other matters had it not been the poverty caused by the bad influence of the English bankers on the Parliament, which has caused in the Colonies hatred of England and the Revolutionary War."

So in 1783 the Treaty of Paris was signed and Britain recognized the United States and Sovereign Nation.

We now find ourselves in the post war period. America had been victorious in a vicious war against overpowering opposition, and then, after a mere fifteen years of freedom from foreign control, the politicians surrendered this hard-won freedom to the same "Power Elite" who had caused the war in the first place.

This tragically ironic twist of fate occurred by granting them a charter to establish the First Bank of the United States. The agent that the "Power Elite" used, and through whom our slavery was re-established, was an Englishman from the West Indies named Alexander Hamilton. His real name was Levine, however, he took the name of his step-father after his mother divorced his real father and married again. He claimed that he was Hamilton’s illegitimate son because this was more acceptable socially, at the time, than being Jewish.

Alexander Hamilton was the most authoritative figure attending the Constitutional Convention with regard to banking and finance. The fact that he also led the New York delegation provided him with sufficient influence to modify the existing economic system. The Constitutional provisos that limited the American government to a metallic (specie) system, along with the power it gave to "borrow money on the credit of the United States," have been and remain the most vulnerable aspects of our Constitution to this day.

The original Constitutional provisions stated: "To borrow Money and emit bills on the credit of the United States," and this same wording was written into the Articles of Confederation by Benjamin Franklin. However, Governor Morris argued that: ".... the Monied interest will oppose the plan of Government, if paper emissions be not prohibited."

Remembering that "the borrower is servant to the lender," we thus can see how the "Power Elite" very cunningly set the snare that would enslave us once and for all. Hamilton, as Secretary of the Treasury and armed with these reworded provisions, was then successfully able to lobby for and bribe Congress into granting the Charter which established, in 1791, the First Bank of the United States. So, a short fifteen years after a glorious victory for freedom, our American leaders accepted defeat without a struggle as they plunged the nation into the debtor’s prison owned by the "Power Elite". According to our history books, Alexander Hamilton is revered as a great patriot when, in fact, he was much more of a traitor than Benedict Arnold.

It was clear that Thomas Jefferson comprehended the weak point in our Constitution when he said: "I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing."

When Hamilton's charter expired twenty years later, in 1811, Congress, with greater wisdom or more integrity, refused to renew it. The Bank of England, in its effort to re-establish its usurious financial system, incited the War of 1812, the same cause behind the War of Independence. Once again America was victorious, but again in dire economic condition, and as before, Congress once again turned victory into defeat by issuing a charter for the Second Bank of the United States, a virtual re-enactment of the previous scenario.

Then, in 1829, when Andrew (Old Hickory) Jackson became our seventh president, he violently opposed the insidious financial orchestrations of the "Power Elite’s" agents, and announced to them in virulent, no uncertain terms, "You are a den of vipers and thieves and I intend to rout you out, and by the Eternal God, I will rout you out."

In his message to Congress after he vetoed their efforts to renew the Bank’s charter, he said: "The bold efforts that the present bank has made to control the government, the distress it has wantonly caused, are but premonitions of the fate which awaits the American people should they be deluded into a perpetuation of this institution or another like it.....if the people only understood the rank injustice of our money and banking system there would be a revolution before morning."

Henceforth, "Old Hickory" had all American funds removed from the Second Bank of the United States and re-distributed them to the state banks. At the same time, in a single sweeping gesture, he also eliminated the national debt, perhaps one of the most courageous acts of determination in the history of our nation. The fact that he was not assassinated, as would happen to Abraham Lincoln and John F. Kennedy later on in similar circumstances, was miraculous.

An attempt to kill him was made by one Richard Lawrence on January 30, 1835. He used two pistols and, ironically, they both misfired. The courts tried Lawrence but eventually acquitted him by reason of insanity. He later boasted arrogantly about his connection with international bankers who had assured him of protection were he to be apprehended for his act at their behest.

Time and again the "Power Elite’s" agents applied their nefarious undertakings toward the re-establishment of a central bank, but were met with no success. While they were able, by various means to disrupt the banks operating under states charters, they, for the most part, acquiesced to the futility of gaining complete control of America through a central bank.


But they would not give up forever...  Or even very long...  Part 4 will look at how they adapted

This is one reason I stress so much reading Washington's Farewell Address.  Not only read it but think about it, find the messages laid there for us to remember.  The controls of centralized banking are not a new thing, they create the framework for hundreds of years of opression of the people and enrichment of the wealthiest.  What some would call conspiuracy theory, I call an understanding of power and human nature.  

Even as I have studied this, I understand too that I live in a time that is far different than that of Washington, Jefferson, and Franklin.  In my time the linkages of these things have become muddied by time and by intent.  Today it is far too easy to dismiss something as conspiracy theory to instantly discredit that which you do not wish to be heard.  I understand all this because I once said, such a grand pattern of deception could not take place.  It was a combination of what I wanted to believe as well as what I had been taught.  The truth however is there to be found.    I have nothing to gain from these writings.  Not from a monetary or stature perspective, but I have much to gain as a Patriot.  This is something we must do together.

More Great Reading:
People Who Resisted Centralized Banking

Beyond our Consent

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

Thomas Jefferson

3rd U.S. President, 1801-09

 

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