P.S. – You were wrong about the Bank.
Every experience of every nation and people throughout history, when a people have experimented with fiat currency, fractional reserve banking, and even central banks, that people have seen devestating boom and bust cycles, the destruction of private fortunes, rampant inflation, consolidation of government power and corruption, and eventually, the toppling of that civilization.
Our founding fathers knew this, which is why they prohibited within the Constitution that the states should make “any Thing but gold and silver Coin a Tender in Payment of Debts”, and required that such coin be the sole legal tender of this nation.
Andrew Jackson knew the evils of central banking and fractional reserve banking, and fought throughout his presidency to abolise the Bank of the United States. The Bank fought back by creating a huge bust and restricting the money supply, but when Jackson finally won, it ushered in an era of prosperity that did not end until the Federal Reserve Act of 1913 set us up for the Great Depression, and every boom and bust cycle between then and the one in which we now find ourselves.
As a people, we need to be brave, we need to be strong, and we need to abolish the Federal Reserve, abandon this worthless fiat currency, and return to a sound money based on gold and silver!
If we do so, we may experience some short-term pain as we transition from worthless paper, but the ingenuity and resilience of the American People will quickly adapt, and this nation will recover and prosper in ways that will inspire the world!
