Financial Injustice Quotes



Leaders of nations for years only trusted as truly patriotic those man—usually nobles of the aristocracy—who owned land. If an invader came and seized their land, they would lose their wealth. However money is fungible, and a banker can easily move his money abroad and join another nation or side in a war. If the country is ruined by war, the manufacturer cannot obtain labor or raw materials, The financier depends on none of these and so hs not the vested interest in the welfare of the nation.


He did indeed kill the Bank of the United States by exercising the Presidential Veto on the legislation renewing the Bank’s government charter. The Bank was privately owned but handled all the fiscal functions for the Government and holding the United States deposits. The Bank owners and executives were not supports of Jackson and opposed him on many issues. Jackson thought it outrageous that a private bank, not under the control of the people or the representatives of the people, should have a monopoly on the banking functions of the United States. Vetoes were very unusual then. All the presidents before Jackson together vetoed only 12 laws. Jackson himself vetoed 13 including the Bank of America.