the second was a well-run bank, nicholas biddle was a charming character by all accounts. and jackson was struggling to get his point across though he didn't have that much support on capitol hill and even less support once nicholas biddle started to spend freely to encourage people to vote in his direction. but as he fought back, and as nicholas biddle extended the equivalent of the campaign contributions and as little contracted the point that you cannot reena san people began to understand jackson was on to something, and this is what jefferson born about. jefferson and hamilton debated these issues at the republic and hamilton was right and jefferson, this is how we started the book and jefferson had a p absolutely correct which is you must fear of the rifle and the entrenchment of a financial aristocracy. that is what jackson faced and prevailed against and that is what to roosevelt faced and largely prevailed. it's also what fdr faced in the 1930's and fixed for 50 years. and i think honestly that is as much as you could hope for. these things do not stay fixed forev

nicholas biddle was a charming character by all accounts, and jackson was struggling to get his point across the he didn't have that much support on capitol hill and even less support once nicholas started to spend freely to encourage people to vote in his direction. but as he fought back and extended equivalent of the campaign contributions, and as he sat on contracting credit to make the point that you cannot train dustin people began to understand that jackson was on to something and this is what jefferson warned about. jefferson and hamilton debated these in the beginning of the republic and hamilton was right on most or much of the economic substance but jefferson this is how we start the book jefferson had a very important point whic was absolutely correct which is you must fear the arrival and entrenchment of the financial aristocracy. that is what jackson faced and prevailed against canada's what teddy roosevelt faced and that's also what fdr faced in the 1930's and fixed for 50 years and i think honestly that is as much as you hope for these things do not stay fixed forever.

is if you do that you are calling to cause a big recession and i would remind you that is what nicholas biddlesaid in the 1830's. and i would also tell you that when teddy roosevelt to done jpmorgan there was a lot of concern in the stock market that this would be destabilizing. you know, they have a lot of power if they want to do damage to this economy they probably can. they are threatening us. make no mistake about it and you should reflect how you feel about that. you are being threatened. your representatives are being threatened by a few very powerful bankers. now andrew jackson is on the 20 billy dollar bill. he hated peter money, he would be mortified if he if he was on the 20-dollar bill but he's on the 20-dollar bill because he won a very important fight. he determined that we should not be captured to a financial oligarchy. i think there was a good call. we probably could imagine a different path with a central bank for the united states during the 19th century. maybe that would have been good. we didn't have that. but we also didn't have an economy dominated by a few very powerful

and yet even less support was nicholas biddle started to run for the trunk urge people to vote in his direction. but as biddle thought back and as biddle extended the campaign contributions, and as biddle, when biddle said on contracting in order to make the point that you cannot reina us and how much people believe that jackson was onto something. and this is what jefferson was warned about. feet they debated these issues at the beginning of the republican hamilton was right i would say are most or much of the economic substance, but jefferson -- that's what was on the boat. represent have a very important point which is absolutely correct, which is you must fear the arrival in the entrenchment of the financial aristocracy. that's what jackson paced and prevailed against. that's a teddy roosevelt faced very similar to prevailed against. it's also what fdr faced in the 1930's and fixed 50 years. i think honestly that's about as much as they can hope for. these things do not stay fixed for ever. and that's a story of the american republic of this dimension is that a repeated cycle, rep

and i will remind you that's what nicholas biddle said in the 1830s. and i would also tell you that when teddy roosevelt took on j.p. morgan, there was a lot of people in the stock market thought this would be destabilizing. you know, they have a lot of power. they say if they want to do damage to this economy, they probably can. they are threatening us. make no mistake about it. and you should go home and reflect about how you feel about that. you are being threatened your elected represent his are being threatened by a few very powerful bankers. andrew jackson is on the 20-dollar bill for a reason. not because he like paper money, by the way. he hated paper money. he would be mortified by what if he knew he was on the 20-dollar bill. he is on the 20 dodd bill because he wanted very important fight. right? he determined that we should not be captured to a financial undercard. i think that was a good call. i mean, we probably could imagine a different path with a central bank during the 19th century. maybe that would have been good. we didn't have that

he had and prevailed and it was a great triumph of one system already becoming corrupt because nicholas biddle was using it to elect his own friends. central banking has sent them. jumping ahead 1907 we have the point* of extraordinary growth during this period with long stretches of hard currency where gold and searle silver or gold alone are the only real basis of the currency where there is no filed printing except for money goes crazy, a great immigration because serious new jobs in industries with doubling or tripling the population of the united states and creating the world's greatest civilization in this is all done without a central bank without a federal reserve for anything like that. it is our great was a fair point*. so that was chilly laissez-faire and the democrats were more than the republicans at the time. the great free marketers. it happens periodically pro-growth point* retrenchments at that time the most powerful of our was an american was jpmorgan the panic hits and he walks down the street, wall street themselves the look at this and describe him as 30 feet tall. he was

nicholas idol was a charming character by all accounts. and jackson was struggling to really get his point across, but he didn't have that much support our capital hill deity the most support once because biddle started to spend freely to encourage people to vote in his direction. but as adults thought back into adult extended the campaign contributions, and when transfers that i'm contracting credit in order to make the point that you cannot bring a sin, people begin to understand that jackson was on to some and. and mrs. what jefferson had warned about. see jefferson and hamilton debated the issues at the beginning of the public and hamilton was right there with the almost or much of the economic substance, but jefferson this is how we start the boat. jefferson had a very important point, which is factually correct, which is you must fear the arrival in the entrenchment of a financial aristocracy. that's a jackson faced and prevailed against. that's a teddy roosevelt faced and largely prevailed against. it's also what fdr faced in the 1930's and six for 50 years. and i think honestly that's about as much as you hope for. these things do not stay fixed for ever. that destroyed the american r