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If only America had a real leader likeAndrew Jackson, one who would by his words and actions protect constitutional freedoms and our monetary unit. During his presidency, Jackson viewed as his crowning achievement that he “killed” the 2nd bank of US, and with it the efforts of Congress and special money interests to establish a paper money system, instead of the constitutional requirement that money be only gold and silver. Experience has now proved the danger of a paper currency, not back by gold and silver, and it now rests on you the people to protect against this evil. Paper money is liable to great and sudden fluctuations, rendering property values, savings, and wages insecure. In times of prosperity, too much paper is circulated by the bank creating inflation until public confidence is shaken, then money is withdrawn from circulation creating deflation, high unemployment, business losses and a ruinous contraction of the paper money that is felt by everyone. These evil, extensions of credit engender a spirit of speculation injurious to the habits and character of the people and withdraw their attention from honest production and industry for a desire to amass wealth without labor, which inevitably leads to corruption and finds its way into your local councils and destroys the purity of government. What a magnificent and prophetic farewell address by one of our greatest protectors ever in government. Had we all been required to learn this speech in school, maybe we wouldn’t be facing our current situation. But just 76 years later, all who read it were dead and our leaders established the 3rd national bank, the Federal Reserve in 1913, that no one knows much about except a few people. Support Congressman Ron Paul’s bill to audit the Fed. And since you were never taught Jackson speech, every concerned patriot should read it in it’s entirely now before it’s too late to save your country. See www.kitco.com and scroll down to Andrew Jackson on a Federal Reserve Note. January 11, 2010 by John Rubino. The Shadow's blog | login to post comments |