http://www.vijaytapanchal.com/national-bank/
Why were Andrew Jackson and Thomas Jefferson so against a National Bank?
also, why does Ron Paul appeal to the authority of Jackson and Jefferson to justify his position against the Federal Reserve Bank?
What’s the difference between the Fed and the National Banks?
Before President Jackson took office, there was a National Bank, which was a private bank in which the government owned 20% of the shares, that was chartered every 20 years. This bank was responsible for setting interest rates and coining money. Jefferson was opposed to a National chartered bank, because he thought it gave too much power to one company, and that each state should be responsible for their own banking. He was also afraid that foreign investment would become too much, and could potentially leave the U.S. open for a hostile takeover.
Jackson also shared this view, along with Jefferson’s disdain for paper currency. When he came into office, he refused to charter the National Bank, which forced banking to be in the hands of the states. It was during this period that banking was decentralized, and such banking giants as JP Morgan came about. This was the way of banking until 1913 when Wilson created the FED.
Ron Paul also believes that we should not have a centralized banking system, and that each state should be in charge of their own banking. The FED allows the Government to print and borrow funds from whoever and whenever they please, with little restrictions. Paul believes that this process is, if it hasn’t already, bankrupting our Country, and could end up being the demise of the U.S.
So the difference is that the FED is owned and controlled 100% by the Federal Government, and the National Banks were 80% privately owned, with only 20% owned by the Federal Government.
The National Bank – “Family”
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1900 REG.MAIL NATIONAL SHAWMUT BANK BOSTON WAX SEAL#282 $6.00 |
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FIRST NATIONAL BANK .999 SILVER ART BAR $40.95 |
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Kansas City,MO First National Bank 1908 $5.95 |
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Union City,PA Home National Bank $6.95 |
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First National Bank, Plymouth, Pa. / National Bank of Baltimore, 1876 check $9.50 |
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FAIR PARK NATIONAL BANK OF DALLAS – CANVAS DEPOSIT BAG $3.13 |
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Columbia National Bank, Columbia, Pa., 1877 check $18.00 |
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MICHIGAN NATIONAL BANK CLOTH BANK BAG – SAGINAW, MICHIGAN 10.5 X 5 INCHES $5.95 |
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Vintage 1st First National Bank Dubuque Iowa Bank Bag Blue Money Old DBQ Cloth $3.99 |
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Vintage 1st First National Bank Dubuque Iowa Bank Bag Blue Money Old DBQ IA Zip $3.99 |
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$100 1902 A SERIES NATIONAL CURRENCY FIRST& OLD DETROIT NATIONAL BANK NOTE1914 $1,999.11 |
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Lot of 3 Ten Dollar Bills $10 National Bank Notes Chicago New York Brown Seal $85.99 |
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Vintage Keychain key FIRST NATIONAL BANK Ogallala Nebr $4.95 |
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US Paper Money 1929 $10 Chase National Bank City of NY $70.00 |
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national bank 1979 toy from janex corp nice for collector or play $7.99 |
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Lanman & Kemp 1875 check payable in gold on Merchants National Bank, New York $10.01 |
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VINTAGE DRAWSTRING & CANVAS MONEY DEPOSIT BAG~FIRST NATIONAL BANK OF JOPLIN, MO $9.99 |
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US Paper Money 1929 $10 Chase National Bank City of NY $70.00 |
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National Bank Little Rock AR c:1916-1929 Postcard UNUSED $2.99 |
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Lanman & Kemp 1878 check payable in gold on Merchants National Bank, New York $10.51 |
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1929 1950 Twenty Dollar Bill $20 Federal Reserve Note National Bank Note Small $81.00 |
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US Paper Money 1929 $10 Philadelphia National Bank $70.00 |
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Lanman & Kemp 1878 check payable in gold on Merchants National Bank, New York $15.01 |
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1939 1st National Bank Of Berwick Pa 75th Anniversary Fob Medal Token Bank Pic $19.99 |
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TULSA OKLAHOMA FOURTH NATIONAL BANK ADVERTISING PAMPHLET 1953 SIXTY YEARS $10.00 |
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1905 Tuck Postcard: First National Bank – New Haven, CT $9.99 |
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1910 Postcard: National Bank Building-Hartford, Conn CT $9.99 |
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4 Tickets Philadelphia Phillies Nationals 9/25/12 Citizens Bank Park $465.40 |
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1962 Ad National Bank of Detroit Michigan Mean\ Chemica $9.99 |
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4 Tickets Philadelphia Phillies Washington Nationals 8/25/12 Citizens Bank Park $1,045.00 |
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Butler, PA – View Northeast From Butler County National Bank $14.50 |
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2 Tickets Philadelphia Phillies Washington Nationals 8/24/12 Citizens Bank Park $214.70 |
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2 Tickets Philadelphia Phillies Washington Nationals 9/26/12 Citizens Bank Park $237.70 |
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Postcard MT CARMEL,Pennsylvania/PA 1st First National Bank view 1930′s $9.99 |
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Postcard MT CARMEL,Pennsylvania/PA Union National Bank & Hotel view 1930′s $9.99 |
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2 Tickets Philadelphia Phillies Washington Nationals 8/25/12 Citizens Bank Park $214.70 |
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4 Tickets Philadelphia Phillies Nationals 9/25/12 Citizens Bank Park $419.40 |
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3 Tickets Philadelphia Phillies Nationals 9/25/12 Citizens Bank Park $351.55 |
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Series of 1929 $5 National Currency National Trust Bank Charleston IL Low Serial $100.00 |
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1962 The Coldwater National Bank Almanac,Coldwater,Kansas $3.50 |
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VINTAGE FIRST NATIONAL BANK CAP HAT ONE SIZE MESH $9.99 |
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1910 Milwaukee WI from West National Bank old postcard $5.00 |
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National Bank Note Survivors with Donald C Kelly – A DVD Video $22.97 |
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Chicago IL First National Bank old Postcard $6.00 |
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Wausau Wisconsin WI 1929 American National Bank Vintage Postcard $12.99 |
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One Unsearched National City Bank of New York Indian Head Roll 1908 S 1909 S OBW $198.88 |
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1902 $5, $10, $20 National Currency, Bank Notes (!(!(Framed Replicas)!)!) $16.99 |
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First National Bank of MagnoliaThermometer-Magnolia,Ark $4.00 |
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Mt Carmel Pennsylvania PA 1940s Union National Bank Vintage Postcard $9.99 |
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ARKANSAS CITY KANSAS HOME NATIONAL BANK POST OFFICE ANTIQUE VINTAGE POSTCARD $13.99 |
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The Crash of 1929 (The American Experience) In 1929, while the stock market was rising, seemingly without limits, there were few critics. Based on eight years of continued prosperity, presidents and economists alike confidently predicted that America would soon enter a time when there would be no more poverty, no more depressions — a “New Era” when everyone could be rich. The Crash of 1929 captures the unbounded optimism of the age and th… |
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MLB Philadelphia Phillies Inside Citizens Bank Park Mural Wall Graphic $91.97 Fathead wall graphics are life-size action images that you stick on any smooth surface. You can move them and reuse them and they are safe for walls. Fathead wall graphics are way better than a poster, much bigger than a sticker and tougher than a decal. Measures 4×6…. |
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Cast Iron First National Bank Minnesota Padlock Lock $39.95 WORKS GREAT OLD + RUSTY LOOKING 4 1/2 ” X 2 1/2 ” X 1 1/4 ” THICK CAST IRON WITH A SOLID BRASS CENTER NUMBERS ON BRASS PLATE WILL VARY… |
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Senseless Panic (Paperback) $11.41 Panic isa thoughtful analysis of what went wrong with the nation`s banking system?from mistakes made in the private sector as well as serious missteps by government at various levels of the government. Author George Issac, a Fed insider who w… |
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Critical Notes on Political Economy $14.06 The first publication in any language of Che Guevara’s controversial and critical analysis of the Soviet economic model. As minister for industry and head of Cuba’s National Bank, Che Guevara prepared this manuscript to compare the… |
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The Official Blackbook Price Guide to United States Paper Money 2013 (Paperback) $3.45 The Official Blackbook Price Guide to United States Paper Money 2013 is an indispensable, easy-to-use sourcebook for collectors. It covers every national bank note issued since 1861 and lists over 6,000 current national market prices. This guid… |