He who doesn’t know history is destined to repeat it…


In 1837 Andrew Jackson had just ended his second term as U.S. President and when asked what was the greatest accomplishment of his presidency he replied “I killed the bank” referring to the formation of a “2nd Bank of the United States” which was the second US Central Bank. Jackson had this to say about the bankers and it is every bit as true today as when he said it

Andrew Jackson Central Bank"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin!

”You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out… If people only understood the rank injustice of the money and banking system, there would be a revolution by morning."

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One Response to He who doesn’t know history is destined to repeat it…

  1. Pingback: People _______ Change | Thoughts for Growth

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