National Banks
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10-25-2013, 08:21 PM
Post: #8
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RE: National Banks
(10-17-2013 01:19 AM)My Name Is Kate Wrote: Could someone explain, in simple terms, if possible, what is the relationship of a national bank to the federal government? Does the government own the bank, and if so, who authorizes the government to own the bank? Do foreign interests and wealthy people primarily own a national bank? What is the relationship of a national bank to other banks? Kate, Great questions! The National Bank that was the brainchild of Hamilton and his supporters, and the one that Andrew Jackson (There were actually two) spent years attempting to crush is a completely different entity than the so called National Bank today. The Federal Reserve of today which many people erroneously believe to be an extension of our government is actually a privately run institution that consists of 12 banks that are controlled by the main arm out of New York. There have been a few good books written on the origin of the Federal Reserve that have come out in recent years. One wonders what Lincoln would have thought of todays monetary system! Craig |
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Messages In This Thread |
National Banks - My Name Is Kate - 10-17-2013, 01:19 AM
RE: National Banks - Eva Elisabeth - 10-17-2013, 03:17 AM
RE: National Banks - BettyO - 10-17-2013, 04:35 AM
RE: National Banks - Eva Elisabeth - 10-17-2013, 03:02 PM
RE: National Banks - BettyO - 10-18-2013, 04:32 AM
RE: National Banks - LincolnMan - 10-17-2013, 03:05 PM
RE: National Banks - Eva Elisabeth - 10-19-2013, 06:28 AM
RE: National Banks - Craig Hipkins - 10-25-2013 08:21 PM
RE: National Banks - Jim Garrett - 10-26-2013, 05:56 AM
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