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“The bold effort the present bank has made to control the government, the distress it had wantonly produced...are but premonitions of the fate that awaits the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.”
(
President Andrew Jackson
, warning the American people after he abolished the privately controlled central bank, the Bank of the United States. We now have another privately controlled central bank known as the Federal Reserve
The Federal Reserve System
,
The New American
, p. 31.)
Related Categories
Money
Money: Central Banks / Federal Reserve