And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
Friday, August 16, 2024
When banks issued their own local money. Could have used a better picture of Jackson.
Actually PRE-FDR's "New Deal" where the FDIC was created.
When a "local Bank" failed and they often DID, you LOAT ALL your money in it. BYE!!
Gold was the family reserves; local banking was just the easy way to do day to day transactions and in theory provide loans to get good businesses and farmers their needed financing.
When FDR STOLE the family gold with forced selling or prison @ some 20 dollars an ounce to promptly re-evaluate it at 35 dollars he gave them a 40% or so haircut.
So the FDIC was to generate TRUST in Banking again.
I have a twenty dollar bill from our local bank dated 1921. I also have the shears they used to cut the sheets of notes apart. My parents worked in the bank for many years.
Fun Fact: Believing that it was unconstitutional, Andrew Jackson vetoed the recharter of the US's third central bank, the Second Band of the United States. https://www.archives.gov/exhibits/treasures_of_congress/text/page9_text.html#:~:text=This%20bill%20passed%20Congress%2C%20but,with%20the%20Bank%20and%20would
My theory is that the Federal Reserve is mocking Jackson by putting him on our $20 note.
Before phony money was a thing.
ReplyDeleteActually PRE-FDR's "New Deal" where the FDIC was created.
ReplyDeleteWhen a "local Bank" failed and they often DID, you LOAT ALL your money in it. BYE!!
Gold was the family reserves; local banking was just the easy way to do day to day transactions and in theory provide loans to get good businesses and farmers their needed financing.
When FDR STOLE the family gold with forced selling or prison @ some 20 dollars an ounce to promptly re-evaluate it at 35 dollars he gave them a 40% or so haircut.
So the FDIC was to generate TRUST in Banking again.
There's side boobies, what are ya complaining about?
ReplyDeleteI have a twenty dollar bill from our local bank dated 1921. I also have the shears they used to cut the sheets of notes apart. My parents worked in the bank for many years.
ReplyDeleteAnd George in a foursome!
ReplyDeleteI have that currency, confederate money. Have a whole collection I haven’t looked at in years.
ReplyDeleteI hope the woman on the right is using dividers and those aren't her fingernails.
ReplyDeleteJackson is looking at the woman like "come on over," while she's saying "hey big boy, give me all your money."
ReplyDeleteI got an old 5 Pound note issued by the Ulster Bank in Northern Ireland.
ReplyDeleteJackson is lusting for the hottie across the way.
ReplyDeleteHe really is, I wonder who she was...
DeleteThe banker's wife or daughter?
DeleteFun Fact: Believing that it was unconstitutional, Andrew Jackson vetoed the recharter of the US's third central bank, the Second Band of the United States.
ReplyDeletehttps://www.archives.gov/exhibits/treasures_of_congress/text/page9_text.html#:~:text=This%20bill%20passed%20Congress%2C%20but,with%20the%20Bank%20and%20would
My theory is that the Federal Reserve is mocking Jackson by putting him on our $20 note.
azlibertarian