41 Facts About The History Of Central Banks In The United States That Our Children Are No Longer Taught In School

The American Dream

Today, most American students don’t even understand what a central bank is, much less that the battle over central banks is one of the most important themes in U.S. history.  The truth is that our nation was birthed in the midst of a conflict over taxation and the control of our money.  Central banking has played a key role in nearly all of the wars that America has fought.  Presidents that resisted the central bankers were shot, while others shamefully caved in to their demands.  Our current central bank is called the Federal Reserve and it is about as “federal” as Federal Express is.  The truth is that it is a privately-owned financial institution that is designed to ensnare the U.S. government in an endlessly expanding spiral of debt from which there is no escape.  The Federal Reserve caused the Great Depression and the Federal Reserve is at the core of our current economic crisis.  None of these things is taught to students in America’s schools today.

In 2010, young Americans are taught a sanitized version of American history that doesn’t even make any sense.  As with so many things, if you want to know what really happened just follow the money.

The following are 41 facts about the history of central banks in the United States that every American should know….

#1 As a result of the Seven Years War with France, King George III of England was deeply in debt to the central bankers of England.

#2 In an attempt to raise revenue, King George tried to heavily tax the colonies in America.

#3 In 1763, Benjamin Franklin was asked by the Bank of England why the colonies were so prosperous, and this was his response….

“That is simple. In the colonies we issue our own money. It is called Colonial Script. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers.

In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one.”

#4 The Currency Act of 1764 ordered the American Colonists to stop printing their own money.  Colonial script (the money the colonists were using at the time) was to be exchanged at a two-to-one ratio for “notes” from the Bank of England.

#5 Later, in his autobiography, Benjamin Franklin explained the impact that this currency change had on the colonies….

“In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed.”

#6 In fact, Benjamin Franklin stated unequivocally in his autobiography that the power to issue currency was the primary reason for the Revolutionary War….

“The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the prime reason for the Revolutionary War.”

#7 Gouverneur Morris, one of the authors of the U.S. Constitution, solemnly warned us in 1787 that we must not allow the bankers to enslave us….

“The rich will strive to establish their dominion and enslave the rest. They always did. They always will… They will have the same effect here as elsewhere, if we do not, by (the power of) government, keep them in their proper spheres.”

#8 Unfortunately, those warning us about the dangers of a central bank did not prevail.  After an aborted attempt to establish a central bank in the 1780s, the First Bank of the United States was established in 1791.  Alexander Hamilton (who had close ties to the Rothschild banking family) cut a deal under which he would support the move of the nation’s capital to Washington D.C. in exchange for southern support for the establishment of a central bank.

#9 George Washington signed the bill creating the First Bank of the United States on April 25, 1791.  It was given a 20 year charter.

#10 In the first five years of the First Bank of the United States, the U.S. government borrowed 8.2 million dollars and prices rose by 72 percent.


#11 The opponents of central banking were not pleased.  In 1798, Thomas Jefferson said the following….

“I wish it were possible to obtain a single amendment to our Constitution – taking from the federal government their power of borrowing.”

#12 In 1811, the charter of the First Bank of the United States was not renewed.

#13 One year later, the War of 1812 erupted.  The British and the Americans were at war once again.

#14 In 1814, the British captured and burned Washington D.C., but the Americans subsequently experienced key victories at New York and at New Orleans.

#15 The Treaty of Ghent, officially ending the war, was ratified by the U.S. Senate on February 16th, 1815 and was ratified by the British on February 18th, 1815.

#16 In 1816, another central bank was created.  The Second Bank of the United States was established and was given a 20 year charter.

#17 Andrew Jackson, who became president in 1828, was determined to end the power of the central bankers over the United States.

#18 In fact, in 1832, Andrew Jackson’s re-election slogan was “JACKSON and NO BANK!”

#19 On July 10th, 1832 President Jackson said the following about the danger of a central bank….

“It is not our own citizens only who are to receive the bounty of our government. More than eight millions of the stock of this bank are held by foreigners… is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? … Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence… would be more formidable and dangerous than a military power of the enemy.”

#20 In 1835, President Jackson completely paid off the U.S. national debt.  He is the only U.S. president that has ever been able to accomplish this.

#21 President Jackson vetoed the attempt to renew the charter of the Second Bank of the United States in 1836.

#22 Richard Lawrence attempted to shoot Andrew Jackson, but he survived.  It is alleged that Lawrence said that “wealthy people in Europe” had put him up to it.

#23 The Civil War was another opportunity for the central bankers of Europe to get their hooks into America.  In fact, it is claimed that Abraham Lincoln actually contacted Rothschild banking interests in Europe in an attempt to finance the war effort.  Reportedly, the Rothschilds were demanding very high interest rates and Lincoln balked at paying them.

#24 Instead, Lincoln pushed through the Legal Tender Act of 1862. Under that act, the U.S. government issued $449,338,902 of debt-free money.

#25 This debt-free money was known as “Greenbacks” because of the green ink that was used.

#26 The central bankers of Europe were not pleased.  The following quote appeared in the London Times in 1865….

“If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe.”

#27 Abraham Lincoln was shot dead by John Wilkes Booth on April 14th, 1865.

#28 After the Civil War, all money in the United States was created by bankers buying U.S. government bonds in exchange for bank notes.

#29 James A. Garfield became president in 1881, and he was a staunch opponent of the banking powers.  In 1881 he said the following….

“Whoever controls the volume of money in our 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.”

#30 President Garfield was shot about two weeks later by Charles J. Guiteau on July 2nd, 1881.  He died from medical complications on September 19th, 1881.

#31 In 1906, the U.S. stock market was setting all kinds of records.  However, in March 1907 the U.S. stock market absolutely crashed.  It is alleged that elite New York bankers were responsible.

#32 In addition, in 1907 J.P. Morgan circulated rumors that a major New York bank had gone bankrupt.  This caused a massive run on the banks.  In turn, the banks started recalling all of their loans.  The panic of 1907 resulted in a congressional investigation that ended up concluding that a central bank was “necessary” so that these kinds of panics would never happen again.

#33 It took a few years, but the international bankers finally got their central bank in 1913.

#34 Congress voted on the Federal Reserve Act on December 22nd, 1913 between the hours of 1:30 AM and 4:30 AM.

#35 A significant portion of Congress was either sleeping at the time or was already at home with their families celebrating the holidays.

#36 The president that signed the law that created the Federal Reserve, Woodrow Wilson, later sounded like he very much regretted the decision when he wrote the following….

“A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men … [W]e 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 the duress of small groups of dominant men.”

#37 Between 1921 and 1929 the Federal Reserve increased the U.S. money supply by 62 percent.  This was the time known as “The Roaring 20s”.

#38 In addition, highly leveraged “margin loans” became very common during this time period.

#39 In October 1929, the New York bankers started calling in these margin loans on a massive scale.  This created the initial crash that launched the Great Depression.

#40 Rather than expand the money supply in response to this crisis, the Federal Reserve really tightened it up.

#41 In fact, it was reported the the U.S. money supply contracted by eight billion dollars between 1929 and 1933.  That was an extraordinary amount of money in those days.  Over one-third of all U.S. banks went bankrupt.  The New York bankers were able to buy up other banks and all kinds of other assets for pennies on the dollar.

But are American students being taught any of this today?

Of course not.

In fact, it is a rare student that can even adequately explain what a central bank is.

We have lost so much of what is important about our history.

And you know what they say – those who forget history are doomed to repeat it.

It is absolutely critical that we educate as many Americans as possible about what is really going on in our financial system and about why we need to make some truly fundamental changes.


2 thoughts on “41 Facts About The History Of Central Banks In The United States That Our Children Are No Longer Taught In School

  1. Republican Budget cuts Explained in Hard Alcohol Terms ….


    This site explains the way the Milking of Americans is taking place

    Egypt Reminds Us We Are Running Out Of Time – Not Oil

    The Monetary Policy of the USA’s Federal Reserve should be to develop USA Oil and alternative Energy Resources to compete against the threat of a Islamic rise of Dominating their Middle eastern resources , and if the Federal Reserve will Not appropriate funds to US interests to develop domestic resources for USA use , because the US Government Bureaucracies like the EPA are choking off the Process by stalling and these Organizations are In bed with Environmental Marxists Organizations to Run the American People out of Vital resources Like OIL , We need to demand this be Debated which is a Creed to USA Independence , a Fundamental Value of the US Constitution , and then We the People Need to abolish the Federal Reserve and restore Article 1 Section 10 of the Sound Money Rule , and We the People Appropriate the Funding Necessary to Secure the USA energy Interests NOW !!!!!!!!!!

    Why is it that there is Value for the Chinese and Russians to come to America and develop this , but there is No Value for Domestic Americans to develop this resource of domestic value to a retail level and sell it to realize maximum value so we can generate the maximum revenue flows and capital circulation in our USA ???
    Chinese increase oil search in US

    Chinese national company is interested in Boise ……



    The descriptions below show a dark side of how the Elite are steering the societies around the world toward a theocracy instead of a Democracy , and doing it with the economic control of what everyone considers to be the Shadow Government of Finance , the Federal Reserve , and enough is enough !!!!!! Its along with the international influence of the united nations is what we the people of the world are being Oppressed by and we need to educate ourselves to this cabal and bring this to Debate so as to realize our demise and together take a Pledge to vote for True Democracy for the people of the world .
    Ron Paul exposes United Nations plan to destroy US

    High Treason ; http://www.youtube.com/watch?v=lH-NLdcAhts&feature=related

    What is Globalism ; http://www.youtube.com/watch?v=pYJsMUWVjTw&feature=player_embedded

    As far as I am concerned I think the Economic crash was a staged event to bring everyone to their knees and Beg for help ; read this its selling a advisory plan but well worth listing to the free information in this reader , http://www.stansberryresearch.com/pro/1011PSIENDVD/WPSILC12/PR , there is no way the Expert Technocrats in our Government bureaucracies would have allowed this economic system to have evolved to this point systematically unless they wanted the result we have today , and I say its Treason ; because they allowed systems like the Federal reserve to keep interest rates Low to low to stave off Borrowing and re lending practices , Feeding the Economic Levers to the Point of Collapse , This is 180 Degrees off the mandate the Federal Reserve is enumerated with !!!!

    The time has come to Ask the Serious Question , is the Federal Reserve Mandate really serving the Best Interests of the USA , or is it Influenced with the Fear or worldwide OVERPOPULATION and its effects of sustainable Earth so heavily by the Institutes , Bureaucracies , Technocrats and Government Politicians to the point that they are behind the scenes rolling up the streets of American Liberty and Freedom all because they lost the will to continue the model we have been , Is this why we see the New Speaker crying all the time ?? I say before we give up our Country based off a International Plan that swallows American values Up for the sake of a Technocrats view of world affairs , we the people need to take control of Our Monetary Policy restore Article 1 Section 10 of the US Constitution and stop all funding , until we the people have Big Debate over giving up our Countries 235 years of progress , what do you think ??
    They need to Be Questioned , ALL Of them do , and we start with this law suit , SUE the Heck out of the FEDERAL RESERVE !!! http://www.suethefed.com/sign-up/co-plaintiff , see this , they bailout their To Big To Fail Buddies but then they say NO to the States , I am not saying the states Need to be bailed out , BUT I want to point out the HYPOCRISY in all this !!! what Good is the FEDERAL RESERVE other than a printing press ?? Heck We the people can print money too , and I say we the people should be in charge of our Money / Monetary Policy because what the Federal Reserve is doing is simply a cabal of monetary Policy and it is only serving the Interests of the Control Freaks in Washington that are designing the New World Order , SO TAKE THEIR MONEY AWAY FROM THEM and RESTORE THE REPUBLIC !!!! http://www.huffingtonpost.com/ellen-brown/the-fed-has-spoken-no-bai_b_808094.html , this shows the Oppression the USA is facing if we are not allowed to continue to expand supply or at least innovate renewable .

    We NEED civil Debate around these Issues for a full recovery , both economically and spiritually .

    this being considered by the American people because we are under the same oppression by this institution and its elitists agenda under the United Nations Agenda 21 policy of New World Orderism due to fear of OVERPOPULATION ; http://www.govtrack.us/congress/bill.xpd?bill=h111-833 , and fund these state banks though the commerce clause like this next link shows , http://oregoniansforastatebank.org/why-a-state-bank/ ? After all we all are facing a lack of funding in Key vital projects that will increase our resource supplies instead of this repression thats due in large part to a consolidation of wealth in resources and now is leading to inflation in our vital needs . Creating our own state banking systems that we can then fund our enterprises with is where this plan can be funded from and prosperity reborn in the way we all work together for peaceful transition and start to rebuild the supply of our communities . Please take a look at a Expert in this field of Banking , Ellen Brown , Web of Debt author. Now granted I understand the theory of state banking is not so much free market based , but the idea that the flow of Money to fund free enterprise is stalled out by the Environmental influence that has encompassed the Federal Reserve and the Big bailout banking industry , ( think Hank Paulson , Goldman Sachs , US treasury appointee ,by Bush , master of the to big to fail bailout of the firms like Goldman , AIG , the facilitators of finance from the Federal Reserve , Plus he was the founder and head of the largest Environmentalist Marxists Organization in the world , the nature Conservancy , now you can see how the banking and environmentalists are stalling out the economic fundamental recovery ??? This is why we need to consider this Idea and make it a independent way to compete against this cabal by the environmentalists and the Government thats policies are directly a result of how the environmentalists are trying to restrict human access to vital resources or the expansion and innovation of renewable resources all in the name of population control and reduction !! This is as serious as it gets in terms of Human Equality , and we the people need to Stand Up and Demand this Debate !!!!! http://www.webofdebt.com , to gain some insight on the idea of how we the people can create alternatives to our funding needs that can be acceptable measures of trade between nations , and break the oppressors that today are creating this debacle .

    I think the USA needs to consider its right to retain its resource base for full development to the extent that the true maximum value can be realized in the transaction of it so that the full benefit of that capital circulation can be realized in the production of that product in the society , because this is the only way to truly gain a maximum redistribution of the private sectors ability to be able to provide the self reliance we desire as a Free Enterprising FREEDOM LOVING NATION . Our Trade Policy is not working to the sustainability of this for USA interests , as we are losing our Intrinsic value which backs up our citizens not just in our currencies worth but our access to our own resources to provide our own needs freely , this is a national security threat to our peoples survival over the long terms as these foreigners Extract and remove Our resources at the bare Minimum benefit to the USA !!!!! We the People NEED to Have a Clear Understanding of what is going on in our Country .
    Thanks for your time .

  2. Was this enactment of the Federal Reserve a designed means to an ends , to reel in the Money if at some point in time the elites figure Earth reaches it human carrying capacity ??

    Heres a List of Quotes by the Population control expert thats still actively advising Governments and our current President ; http://en.wikiquote.org/wiki/Talk:Henry_Kissinger , http://www.population-security.org/11-CH3.html , Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world. “Wherever a lessening of population pressures through reduced birth rates can increase the prospects for such stability, population policy becomes relevant to resource supplies and to the economic interests of the United States.” heres more on the con job ; http://www.wnd.com/?pageId=85442 , http://www.youtube.com/watch?v=GThfWVCfjVo&feature=player_embedded , this talks about the Trilateral Commission effect of the Plan for Population Control http://www.globalresearch.ca/index.php?context=va&aid=7735

    The Ideology that makes up the advisory list in the Whitehouse is clear with an Agenda , Obama Returns to End-of-Life Plan That Caused Stir
    Everything they are doing is to bring control over the worlds Population growth , they been planning this time for 40 years http://www.green-agenda.com read the quotes . I say we the people need to consider Our right to be Separate from the rest of the world in terms of Pulling our troops out of the world theater and coming home securing our Boarders and tell the rest of the world do whatever with your World market , we the people of the USA only consume 1/3rd of our food we produce and so we will maintain our right to LIBERTY and if you try and take us out we will end it all for all .

    Austin Chief Sustainability Officer Lucia Athens Affirms Global Population Reduction Agenda http://www.youtube.com/watch?v=2sTjVhvAgas
    http://www.metacafe.com/watch/621153/cia_predicts_the_future_2015_water_resources/ http://www.metacafe.com/watch/621146/cia_predicts_the_future_2015_overpopulation/


    I have understood the population explosion intellectually for a long time. I came to understand it emotionally one stinking hot night in Delhi a couple of years ago… The temperature was well over 100, and the air was a haze of dust and smoke. The streets seemed alive with people. People eating, people washing, people sleeping. People visiting, arguing, and screaming. People thrusting their hands through the taxi window, begging. People defecating and urinating. People clinging to buses. People herding animals. People, people, people, people. —Paul Ehrlich

    http://dieoff.org/page1.htm , this is the Home Page to the Technocrats scientific explanations on PEAK EARTH
    But before we swallow the little red pill thats prescribed by the Medicare Panel maybe we should debate the truth about fertility in the world, https://www.cia.gov/library/publications/the-world-factbook/rankorder/2127rank.html , what countries are REALLY Needing a reality Check about population sustainability before we forfeit our right to FREEDOM of Choice , FREEDOM period , just because of the Agenda that seems to be lacking in evidence that America is over populating the world !!!! From my view of this chart it seems if you extract Illegal Immigration the USA is a sustainable Population and in fact going negative in the near future with the baby-boomer era coming on . So who is B.Sing Who here and Why , when America is already a working Model for sustainable growth , all we need is some hope for risk takers and a recapitalization of the funding of a Renewable set of resources ???

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