International bankers the first battle: United States first banks
United States third President Thomas. Jefferson in 1809
Hamilton, Alexander is a heavyweight figures closely linked to the Rothschild family. He was born in the British West Indies, lied about his age, real name and place of birth of the case came to the United States with the family’s daughter’s wedding in New York, according to the British Museum’s collection of payment receipt showed that Hamilton received the Rothschild Family Fund. [2.5]
In 1789, Hamilton was appointed by President Washington United States first Secretary of the Treasury, he is always the United States system of the Central Bank’s main driving force. In 1790, facing severe economic and debt crisis after the war of independence, he strongly recommended that Congress set up is similar to the Bank of England’s private Central Bank manages currency duties. His main thought was: privately owned Central Bank, headquartered in Philadelphia, setting up branch banking, currency and source of government revenue must be placed in the banking system, the Bank is responsible for issuing the national currency to meet the needs of economic development, to the United States Government and charge interest on the loans. The Bank’s total share capital is US $ 10 million, privately owned 80% shares in United States Government owns the remaining 20%. 25 people consists of 20 people elected by the shareholders in the Board of Directors, 5 were appointed by the Government.
Hamilton represents the interests of the elite, he pointed out, “all societies are divided into a minority and the majority. The former good background and rich, which is the general public. Public instability and change, they rarely make the right judgments and decisions. ”
While Jefferson represents the interests of the masses, for Hamilton’s view, his response was, “we hold these truths to be self-evident: that men are created equal, endowed by their creator with certain inalienable rights, including the right to life, liberty and the pursuit of happiness. ”
In December 1791, when Hamilton’s programme when it is submitted to Congress, immediately triggered unprecedented fierce debate. Finally, this proposal was adopted by a narrow majority in the Senate, while in the House of representatives by 39 to 20 pass. At this point, are too burdened with severe debt crisis for President Washington plunged into deep doubt, he consulted the views of the then Secretary of State Thomas Jefferson and Madison, they clear the proposal clearly conflicts with the Constitution. The Constitution authorizes Congress to issue currency, but did not authorize the right of Congress to transfer money to any private bank. Washington appears to have been deeply touched, he has decided to veto the Bill. When he learned the news, Hamilton immediately went to lobbying in Washington, Treasury Secretary Hamilton’s books seem to be more persuasive, that is if you do not set up a Central Bank with foreign capital shares, the Government would soon collapse. Eventually, the looming crisis over long-term concerns, and President Washington signed on February 25, 1792 the United States the first authorization of the Central Bank, valid for 20 years.
International bankers finally won a first major victory. By 1811, foreign capital accounts for 10 million shares of 7 million [2.6], the Bank of England and Nathan. Rothschild became United States Central Bank’s shareholders.
United States Government debt in 1781, only $ 56,000, including international debt of $ 12,000 and $ 44,000 in domestic debt, and from 1791 to 1796 short of the Central Bank’s five-year, United States Government debt increased by $ 8.2 million.
Hamilton eventually became millionaires. What he did with Aaron. wave-Manhattan company became the first of the Wall Street Bank, which merged with Rockefeller’s Chase Manhattan Bank in 1955 became the Chase Manhattan Bank (Chase Manhattan Bank).
Jefferson in 1798, ruefully said: “I really hope that we can increase even if an amendment to the Constitution, canceling the power to borrow money from the Federal Government. ”
When Jefferson was elected the third United States President (1801-1809), he spared no effort to try to abolish the United States first banks, and by 1811 the banks expires when the race between both sides reached a white-hot degree, was voted down by 65 to 64 in the House only a bank authorized the extension of the proposal, and the Senate is 17 for 17 draw. Vice President Clinton to break the deadlock this time cast the key votes, United States first bank on March 3, 1811, closing up.
Nathan then sits London. Rothschild heard about rage,Cartier Amore orecchini in oro rosa 18 carati he threatened: “give (the first United States) authorised an extension, or the United States will be faced with a most devastating war.” Result United States Government went ahead and Nathan immediately responded: “give the Americans a lesson of unbridled irrational, pushed them back to the colonial era. ”
Results after a few months, the outbreak of the war of 1812 between Britain and the United States. The war lasted three years, Rothschild’s objective is very clear, to the United States Government debt, and finally had to surrender and allow their central banks to continue operating. The result, United States Government debt rose from $ 45 million to $ 127 million, United States Government dissolved in 1815, surrender, President Madison was established on December 5, 1815 the second Central Bank result was born in 1816 United States second Bank (1816-1832).