Tag Archives: the Federal Reserve

If Andrew Jackson Were Alive Today, He Would Shoot The Democrats, Run The Republicans Through, and Join The Tea Party!

 Jackson portrait

 

When Americans hear the name Andrew Jackson, many believe white-washed historical myths claiming Jackson was nothing more than a racist Indian killer. Never mind warring Indian tribes were massacring friendly tribes long before settlers landed on America’s shores, and forget warring tribes were paid by the French and Spanish to kill friendly tribes and settlers,  it makes Americans appear less racist to professional race hustlers, government-indoctrinated history buffs, and politically faux Indians when Americans despise the white anti-Federalist General, ordered by the Federal Government to the frontier to stop both sides–white and Indian– from killing each other.

Jackson’s personality, which displayed a temper and fowl vocabulary, was considered indelicate for a Southern gentleman and Washington society. It’s still causes political wimps in both parties to be overcome with the vapors.

Jackson’s outspoken personality is more in line with modern-day conservatives than Jackson’s own Democrat Party that still lacks manliness.

Jackson Shooting Politics--edit

 

Daniel Howe, author of Making The American Self  writes that Jackson was not the kind of politician who looked at public opinion to guide his policies: “Jackson knew what he wanted to do, and did it, and then tried to enlist public opinion in support of what it was he did.”

And like Tea Party conservatives, Jackson was despised by Washington elites and his party’s opponents. But the people were on Jackson’s side, because holding the union together and upholding the Constitution was Jackson’s goal.

Outspokenness was the reason Jackson didn’t remain in either House:  Leaders behaved like children: Constant squabbling over bills without an up or down vote.  Jackson, who demanded leaders vote or duel until someone wins, became disgusted with the slow process on behalf of the country’s leadership that left Americans hanging in the balance waiting for laws to be passed or rejected.

If only we had real men on the House floor telling politicians what they could do to themselves! Unfortunately, some leaders have a habit of doing just that to themselves…and sharing it on the internet!

Jackson said of the government:

I weep for the liberty of my country when I see at this early day of its successful experiment that corruption has been imputed to many members of the House of Representatives, and the rights of the people have been bartered for promises of office.

statue of liberty weeping

If Jackson were alive today, he would duel Harry Reid and John Boehner, and hurl a bucket of water on Nancy Pelosi… just to see if the rumor is true!

Jackson would no doubt join the Tea Party and tell conservatives: “If the GOP refuses to return to its conservative roots, drown the  GOP in Conservative Tea!”

The anti-Federalist Jackson demanded limited government, and  like today’s conservatives, Jackson believed all “corruption, fraud, and lies dwelt inside the White House,” causing Jackson to “fear” for his country.  Jackson said Americans were being duped by a government  “prevent[ing] the poor and humble from the tyranny of wealth and power.”

Government elites then wanted all the wealth and control, but the people kept poor. Reelecting the powerful, but kept poor.  Sound familiar?

Because Jackson believed  “the President is the direct representative of the American people,” the president must protect the people’s interests. The first goal as president: Destroy Hamilton’s Second Bank and pay off America’s national debt.

Yes: America once had a president who paid off the national debt!

The Central Bank overprinted paper while the government sent America’s gold to Europe. The nation was bankrupt and cheap paper backed paper. Jackson wanted the people in control of their property, not government, all bank deposits must be removed from the government, and gold, Jackson believed, was the best way to keep currency at values.

This is echoed by conservatives today: 

Bloomberg News reporter Joshua Zumbrun wrote in 2010 that:

A majority of Americans are dissatisfied with the nation’s independent central bank, saying the U.S. Federal Reserve should either be brought under tighter political control or abolished outright.

 

In 1832 Jackson demanded the national debt be paid down by fifty percent.  He despised the way central banking handled deposits: It was corrupt and America’s deposits unsafe. Jackson demanded:

[A]n investigation [into the BUS’s actions] kills it and its supporters dead.  Let this be had—call upon the sec’ of the Treasury who must agree with me than an investigation by Congress is absolutely necessary.” (Robert v. Remini Andrew Jackson and the Course of American Democracy: 1833-1845 (New York: Harper 7 Row, Publishers, 1984), 52.)

 

Jackson destroyed Hamilton’s Federal Reserve-style Central Bank, but, as H. W. Brands notes in his book Andrew Jackson: His Life and Times: “Andrew Jackson contributed nothing toward the charter of the new bank or the passage of the protective tariff, though the bank and the tariff would figure centrally into his career” before he became president and destroyed the Central Bank.

Robert V. Remini writes in Jackson and the Bank War: When removing one system, something must replace it in order to prevent corruption. Remini says Jackson refused to set up a bulwark-style bank to replace Hamilton’s Second Bank and protect the people’s investments from the government, because Jackson never wanted a substitute for the Central Bank unless his belief, that state banks worked better the U.S. Treasury, failed.

Jackson promised the American people he would never replace the Central Bank with another government-controlled monster unless the replacement was to his liking, not Washington bureaucrats seeking to control the people’s money.

I don’t think Jackson would be delighted to see his face on a $20 dollar Reserve note since the Reserve represents central control working against the people.

 

20 dollar

 

In 1913, everything Jackson feared about powerful men controlling a central bank and America’s money came to pass with Woodrow Wilson and the Federal Reserve. Still, there’s no guarantee Wilson’s Congress never would have repealed any bank bill signed by Jackson.

Next: Jackson paid off the national debt.

The government called for $13 million from the bank. Biddles could not meet the demands. Rather than admit this, Biddles asked foreign lenders to “hand over their securities” to him. The plan was illegal, violating the bank charter, adding more corruption to the BUS, and more fuel to Jackson’s fire.

Jackson a frontiersman who grew up under British tyranny, believing government “engaged in illegal activities against the people,” sold off federally owned land to the American people.

Imagine, a president who says the Government has no right being in the real estate business, that the people should own and profit off the land.

Jackson sold enough land to pay off the national debt entirely. He is the only president in U.S. history to pay off America’s national debt.

This is what conservatives today are fighting for: Limited government, low spending, abolish the Federal Reserve and IRS, and end government regulations.

I suppose if we had an authentic conservative president, he would look a lot like Andrew Jackson…but it might be racist to allow people to control their own lives.

How Many Times Does America Have to Go Over the Fiscal Cliff Before the Concussion Kills Us?

uncle sam drives over the fiscall cliff

 

America has gone over the fiscal cliff so often; the concussions have definitely created economic brain damage and lunacy.

First: “Fiscal Cliff” is nothing more than an economic political term for economic idiocy leaders engage in more often than they do with Dominican hookers and interns.

Second: America goes over the fiscal cliff every time the Federal Reserve lowers interest rates to give the federal government an excuse to over lend, spend, and borrow what can never be repaid.

If you are panicking right now, you forgot America has been cliff-diving  for over 200 years and generations of economic brain damage hasn’t taught America one, single thing about printing paper currency and borrowing: Loans cannot be repaid with paper or excessive taxes.

If we paid attention to history, the Federal Reserve wouldn’t stand at attention every time it hears the ca-ching of cash registers ringing the national hymn of Weimar.

Most leaders are more interested in gambling for power than America’s preservation, which is why Obama and Democrats are hyping the fiscal cliff: Make Americans believe the wealthy caused the $16 trillion debt and they must be over-taxed! Only taxation can stop America from collapsing and going over the cliff!

The “Fiscal Cliff” is purposely used as a weapon to destroy the economy and push America to the brink of bankruptcy in order to destroy individual American wealth.

Obama and Democrats are using the “Fiscal Cliff” weapon well. They’ve scared the daylights out of Americans who prefer suffering blind eye concussions rather than understanding that history is repeating itself on a level like never before because of our leaders, not the people.

Example: The American Revolution cost a fortune, and when we ran out of money, the Continental Congress created a new currency: Paper notes known as “Continentals.”

 

hamilton note

As always, the government over prints paper and people assume the notes are equal to gold coins and paper will back up their means.

“Continental” currency worked as well then as now: The Central Bank over-printed to keep up with“Continental” demands.  But paper is not a redeemable, tangible asset.  As the war accelerated, Congress reneged on its promise to issue more notes, inflation skyrocketed, and Americans were left in desperate need.

Alexander Hamilton, whose ideas were more in line with British government, created another central bank with one currency. The colonies had few banks: Britain controlled banking and prevented rival banks from developing. America needed a way to smooth the progress of government financing to investors and lending to businesses to develop a prosperous American economy. The idea was great, but failed: Hamilton’s Second Bank sent all United States gold [currency backing] to foreign countries during the 1790s.

In Hamilton’s Writings, his December 13, 1790  “Report on a National Bank” to the House of Representatives he stated: “The bank did not have the ability to circulate great sums of money beyond actual gold and silver coins held within the bank’s vaults,” so another rout was taken that pushed America over a fiscal cliff:

The stamping of paper is an operation so much easier than the laying of taxes, that a government in the practice of paper emissions, would rarely fail in any such emergency to indulge itself too far, in the employment of that resource, to avoid as much as possible one less auspicious to present popularity.

 hamilton dollar

Hamilton’s Bank continued printing nonredeemable notes as inflation escalated. By 1812 America dove over the fiscal cliff.

I’ll never understand why we outlawed dueling!

According to the Bureau of Public Debt:

The War of 1812 was financed mainly through the use of borrowed funds. Total public debt increased from $45.2 million on January 1, 1812, to $119.2 million as of September 30, 1815.

America’s banking system was so mismanaged; we dove again: The Panic of 1819.

In his book Andrew Jackson and the Bank War, historian Robert V. Remini wrote that by 1822 America’s economy collapsed: American banks fell and the people lost everything. Anger was so wide-spread, Americans elected President Andrew Jackson, who tore down the Second Bank,  placed money back into individual state’s hands, pushed for gold and silver to remain in America, and sold federal land to pay off the national debt.

 

destroying second bank

Jackson’s policies never prevented future government borrowing and lending idiocy or the creation of Federal Reserve.

Cheap paper seems to cause convenient amnesia.

By 1846, the United States war with Mexico over annexation of Texas and California cost $64 million, so “Congress authorized the issuing of additional debt to meet these obligations. It is this concept that would later become the basis for the Savings Bond program. By the end of 1849, public debt totaled $63.1 million.”

The War Between the States:

A final official estimate in 1879 totaled $6,190,000,000. The Confederacy spent perhaps $2,099,808,707. By 1906 another $3.3 billion already had been spent by the U.S. government on Northerners’ pensions and other veterans’ benefits for former Federal soldiers. Southern states and private philanthropy provided benefits to the Confederate veterans. The amount spent on benefits eventually well exceeded the war’s original cost.

By the end of the fiscal year of 1899, America paid much of its debt, leaving the country with $1.9 billion in gross debt.

But America elected Woodrow Wilson, who enacted the Federal Reserve, IRS, and borrowed $11.577 billion ($206.186 billion in 2002 dollars), we are still repaying today, to finance WWI, while borrowing further from Americans. This doesn’t include the enactment of the Debt Commission for borrowing funds.

Wilson admitted:

I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world – no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.

Notice the “unhappy” president never repealed his ruination.*

Next, the “dominant” FDR “civilized” us with government programs and ended the gold standard in 1933,  declaring private ownership of gold illegal, except gold jewelry. I assume marriage had something to do with that decision.

exec order to confiscate gold

Though foreign governments could sell gold to America, President Nixon destroyed the gold standard completely, leaving America on a fiat standard not backed by commodities.

But hey, we have communist China backing worthless paper while manufacturing worthless American products!

Forget the damn cliff, we threw a rope over the highest limb on the tallest tree long-ago and hanged ourselves with our own economic stupidity!

* [Editor’s note: This story may be apocryphal.]

In Deep with Michelle Ray – 9/13

When: Thursday, August 30th, 10pm Eastern/7pm Pacific

Where: In Deep with Michelle Ray on Blog Talk Radio

What: Join Social Media Director of ConservativeDailyNews.com, Michelle Ray (@GaltsGirl) as she discusses the issues that impact America.

Tonight: Tj Thompson (@_TjThompson) fills in for Michelle. Middle East violence, QE3, and Conservative Daily News contributors Liz Harrison (@GoldwaterGal) and Eye Desert (@EyeDesertBlog) discuss whether libertarians have a role in the GOP

Green Death

Eight regions of Spain have had their credit ratings cut as uneasy Spaniards moved their money overseas. Spooked by the questionable state of their banks, Spanish savers are now moving their money abroad faster than records have ever shown. Spain’s credit rating has been downgraded two notches and nearly 25% of Spaniards are unemployed

The Spanish newspaper La Gaceta ran a full-page article exposing the truth about Spain’s “green jobs” agenda, which just happens to have been cited many times by barack obama as the way “forward” for the United States. “Green energy” has now been exposed as a costly disaster that has undone Spain’s economy.

The Spanish Administration confessed “the increase of the electric bill is principally due to the cost of renewable energies.” It has now become officially recognized that the price of electricity, as well as increases in Spain’s debt are due to the extra cost of solar and wind energy. Additionally, the Spanish administration now admits that each green job that was created cost more than 2.2 traditional jobs in the private sector.

All evidence to the contrary, the obama administration insists on moving full speed ahead with its ill imagined, full frontal assault on the American energy industry, coupled with increased promotion of their “green jobs” fantasy.

Not only is coal America’s cheapest source of energy, the United States owns some the world’s largest coal deposits. Newly enacted EPA regulations now force a reduction in utility CO2 emissions to 1,000 pounds per megawatt of electricity. This regulation effectively bans construction of new coal-fired plants and will invariably lead to hikes in electricity costs. Since only natural gas meets the new emissions standard, the country’s electricity providers will be forced to pay the cost of converting to natural gas. One way or another, electricity prices will “necessarily skyrocket”.

Despite administration claims, obama’s hostility towards fossil fuels has led to reduced opportunities for domestic oil production. obama continues to call for the elimination of targeted tax breaks oil companies have been receiving for decades. The general public is largely unaware of the fact that those tax breaks are targeted chiefly for exploratory activities. Drilling for oil is an expensive, uncertain business venture. Even successful fields have limited lifespans. Besides, hiking taxes on new exploration is counter-intuitive to increasing production.

In addition to his open aggression towards traditional fuels, obama plans on “investing” more of American taxpayer money by doubling down on spending for wind farms, solar energy, homegrown biofuels and energy-efficient cars and buildings. The history of the administration’s “investment” strategy is fraught with peril.

Here are a few of the “green” “sustainable energy” failures that have already been supported by the current administration’s “investments”. Remember, all this financing was done using your tax dollars. Well, not exactly. It has been done with tax dollars to be re-paid to the Federal Reserve Bank and China by your grandchildren and great grandchildren. Plus interest:

Evergreen Energy-Which has filed for Chapter 7 bankruptcy, saying it’s “impossible to maintain operations” due to funding shortfalls. This announcement came after the company received $5.3 million in “stimulus” funds.

Amonix Inc.-A manufacturer of solar panels that received $5.9 million from the “stimulus”, laid off about 200 employees only seven months after opening a factory in Senate Majority Leader Harry Reid’s home State of Nevada.

Beacon Power Corp-Sought bankruptcy protection in 2010 after they received a $43 million loan guarantee from the Department of Energy.

Ener1 Electric-A car battery manufacturer, filed for bankruptcy three years after receiving a $118.5 million grant from the U.S. government.

These are all in addition to Solyndra-A solar panel maker that received a $535 million loan guarantee, then famously filed for Chapter 11 protection.

This is a mere taste of problems found when centrally planned big government intrudes into the free market. Not only is the spending inherently wasteful, the fact that these companies were in large part operated by big donors to obama’s political campaign points to the corruption involved when an ideologically captive, politically driven politician makes investment decisions based on cronyism. Two thirds of all energy loan guarantees or grants made by the obama administration’s Department of Energy have gone to his campaign donors or donation bundlers. Can you say quid quo pro?

All government energy subsidies should end. Energy companies should be free to compete without government interference. If and when “green” “sustainable energy” becomes a competitive solution, consumers will reward “green” companies that used private capital to successfully situate themselves in the market by purchasing their products. That’s how a free market works. That’s what’s made America the greatest economic success in the history of human civilization.

http://mjfellright.wordpress.com/2012/05/31/green-energy-death/