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In Andrew Jackson We Trust – Life Before the Federal Reserve

By on April 11, 2014
Andrew-Jackson

The Asian Times has a great article comparing life with and without the Federal Reserve. Andrew Jackson understood the dangers of the central banking when he refused to renew the charter for the national bank. Here is an excerpt:

“…Jackson secured sound money and free markets, and immunized the capital markets against destabilizing speculation. Workers enjoyed significant real wage gains. Financial crises were rare from 1836 to 1914; when they appeared, they were narrow in scope, short-lived and self-correcting without government interference. They often penalized and weeded out corrupt bankers.”

The Fed tries to tell us how great life is because it exists, however, the evidence shows us that economically speaking life was much better in the U.S. before the Federal Reserve came into existence. The Federal Reserve only remains in tact because they convince enough politicians that the world will end if they vote to end the Fed. Hopefully, more of our elected officials will read articles like this one.

You can read more here… http://www.atimes.com/atimes/Global_Economy/GECON-01-110414.html

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