The First Bank of the United States
By Michael Rivero
“The most hated sort [of moneymaking], and with the greatest reason, is usury, which makes a gain out of money itself, and not from the natural use of it. For money was intended to be used in exchange, but not to increase at interest. And this term usury which means the birth of money from money, is applied to the breeding of money, because the offspring resembles the parent. Wherefore of all modes of making money this is the most unnatural.” — Aristotle (384-322 BCE)
“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits.” — Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain.
“The Bank, its property and assets and all deposits and other funds entrusted to it shall be immune in time of peace and in time of war from any measure such as expropriation, requisition, seizure, confiscation, prohibition or restriction of gold or currency export or import, and any other measure.” — Article 10, Instrument of Foundation, Bank of International Settlements.
“When the world around the IMF goes downhill, we thrive. We become extremely active because we lend money, we earn interest and charges and all the rest of it, and the institution does well. When the world goes well and we’ve had years of growth, as was the case back in 2006 and 2007, the IMF doesn’t do so well both financially and otherwise.” — Christine Lagarde
I know many people have a great deal of difficulty comprehending just how many wars are started for no other purpose than to force private central banks onto nations, so let me share a few examples, so that you understand why the US Government is mired in so many wars against so many foreign nations. There is ample precedent for this.
The United States fought the American Revolution primarily over King George III’s Currency act, which forced the colonists to conduct their business only using printed bank notes borrowed from the Bank of England at interest.
Benjamin Franklin, acting as the colonies’ representative to Britain, argued against this move in 1763.
“You see, a legitimate government can both spend and lend money into circulation, while banks can only lend significant amounts of their promissory bank notes, for they can neither give away nor spend but a tiny fraction of the money the people need. Thus, when your bankers here in England place money in circulation, there is always a debt principal to be returned and usury to be paid. The result is that you have always too little credit in circulation to give the workers full employment. You do not have too many workers, you have too little money in circulation, and that [money] which circulates all bears the endless burden of unpayable debt and usury…..In the Colonies, we issue our own money. It is called Colonial Scrip [interest-free, wealth-based money issued by The Colonies 1750-1764 before Bank of England crooks made it illegal]. We issue it in proper proportion to make the products pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one.”
The following year, King George III passed the Currency act which outlawed all forms of money in the colonies, forcing them to conduct all commerce using bank notes borrowed at interest from the Bank of England!
King George III
“The bank hath benefit of interest on all moneys which it creates out of nothing.” — William Paterson, founder of the Bank of England in 1694
Interest Bearing bank note from the Bank of England, 1764
After the revolution, the new United States adopted a radically different economic system in which the government issued its own value-based money, so that private banks like the Bank of England were not siphoning off the wealth of the people through interest-bearing bank notes.
“The refusal of King George 3rd to allow the colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators, was probably the prime cause of the revolution.” — Benjamin Franklin, Founding Father
Following the revolution, the US Government actually took steps to keep the bankers out of the new government!
“Any person holding any office or any stock in any institution in the nature of a bank for issuing or discounting bills or notes payable to bearer or order, cannot be a member of the House whilst he holds such office or stock.” — Third Congress of the United States Senate, 23rd of December, 1793, signed by the President, George Washington
“If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash.” — George Washington
“All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation.” — John Adams, letter to Thomas Jefferson.
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” — Thomas Jefferson
“Paper is poverty. It is the ghost of money and not money itself.” — Thomas Jefferson
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” — James Madison
“Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.” . . . “We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.” — Daniel Webster
“Capital must protect itself in every possible way, both by combination and legislation. Debts must be collected, mortgages foreclosed as rapidly as possible.
“When, through process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of the government applied by a central power of wealth under leading financiers.
“These truths are well known among our principal men, who are now engaged in forming an imperialism to govern the world. By dividing the voter through the political party system, we can get them to expend their energies in fighting for questions of no importance.
“It is thus, by discrete action, we can secure for ourselves that which has been so well planned and so successfully accomplished.” — Montagu Norman, Governor of The Bank Of England, addressing the United States Bankers� Association, NYC 1924
The First Bank of the United States
But bankers are nothing if not dedicated to their schemes to acquire your wealth, and know full well how easy it is to corrupt a nation’s leaders.
Mayer Amschal Rothschild
“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” — Napoleon Bonaparte
Just one year after Mayer Amschel Rothschild had uttered his infamous “Let me issue and control a nation’s money and I care not who makes the laws,” the bankers succeeded in setting up a new Private Central Bank called the First Bank of the United States, largely through the efforts of the Rothschild’s chief US supporter, Alexander Hamilton.
Founded in 1791, by the end of its twenty year charter the First Bank of the United States had almost ruined the nation’s economy, while enriching the bankers. Congress refused to renew the charter and signaled their intention to go back to a state issued value based currency on which the people paid no interest at all to any banker. This resulted in a threat from Nathan Mayer Rothschild against the US Government, “Either the application for renewal of the charter is granted, or the United States will find itself involved in a most disastrous war.”
Congress still refused to renew the charter for the First Bank of the United States, whereupon Nathan Mayer Rothschild railed, “Teach those impudent Americans a lesson! Bring them back to colonial status!” The British Prime Minister at the time, Spencer Perceval was adamently opposed to war with the United States, primarily because the majority of England’s military might was occupied with the ongoing Napoleonic wars. Spencer Perceval was concerned that Britain might not prevail in a new American war, a concern shared by many in the British government.
Then, Spencer Perceval was assassinated (the only British Prime Minister to be assassinated in office) and replaced by Robert Banks Jenkinson, the 2nd Earl of Liverpool, who was fully supportive of a war to recapture the colonies.
Financed at virtually no interest by the Rothschild controlled Bank of England, Britain then provoked the war of 1812 to recolonize the United States and force them back into the slavery of the Bank of England, or to plunge the United States into so much debt they would be forced to accept a new private central bank. And the plan worked.
Second Bank of the United States
Even though the War of 1812 was won by the United States, Congress was forced to grant a new charter for yet another private bank issuing the public currency as loans at interest, the Second Bank of the United States. Once again, private bankers were in control of the nation’s money supply and cared not who made the laws or how many British and American soldiers had to die for it.
Bank note from the Second Bank of the United States
“If my sons did not want wars, there would be none.” — Gutle Schnaper, wife of Mayer Amschel Rothschild and mother of his five sons.