Thread by @DRSGMEBRAD

The American Revolution created single debt issue $75 million in 1790. Andrew Jackson takes office 1829 with $58 million left and sees it as his personal duty to rid us of the national curse that is its debt. Seeing debt as a moral failing and something of black magic to

receive money for debt, he pays it all off by selling Western real estate and vetoing spending bills. Clean and clear, America and the states find themselves debt-free 1835. The Deposit and Distribution Act of 1836 breaks up the consolidated banks into state pet banks, but the

real estate bubble is still frothing. Even having broken up the National Bank, the pet state banks are still run by the same trusts. Andrew Jackson attempted call the bluff of centralized banks. More loans exist than specie, hard gold/silver coinage, that backs them, but the pet

banks are not slowing down the issuance of more paper notes, mortgages, bonds. Information asymmetry continues as lending overshadows hard assets. Jackson attempts to slow the printing of paper currency with the Specie Circular of 1836 where only specie are to be accepted for

purchases. Real estate crashes as paper currency being redeemed for specie outnumbers hard assets. The Panic of 1837 officially starts May 10 when a New York bank no longer redeems paper for full face value— not enough specie backing to match the paper debt.
Fast forward 30 yrs

to the Civil War 1861-1865. Despite being paid for by an intense and harsh 25% tax, this now massive debt issue is $2.678 billion by 1865. A now unbelievable debt to be conceived, which banks and barons have financed the wars of the US. To whom are all these points owed?

It is a game. A hunting game of which all humanity was born into without their knowledge. Our forefathers warned of the dangers of central bank-based wage slavery.
To give a better understanding of the way things were run prior to the Federal Reserve, one has to understand that

there were many creditors and lenders. The wealthiest of which understood the value of issuing “junk bonds”, bonds are the other half of assets that give value to either securities or currencies. Meaning, there are large companies, like the Knickerbocker Trust Company- namesake

of the New York Nicks, who can manipulate markets through pump schemes to gain collateral value due to being a whale in the market of shrimps. The more collateral moved, the more the market generally follows that direction. Buying up copper contracts, reducing the supply,

increasing the demand and the price. Generally, this works. However, when Nick goes to JP Morgan to ask for a loan to continue pumping copper prices in 1907, and he says “no” the entire market suffers, including all the clients of the bank trust who hold their savings there. This

led to the October surprise Panic of 1907, lasting several weeks in which the market lost 50% of its value due to Knickerbocker Trust Company’s checks no longer being cleared by the National Bank of Commerce and thereby leading to a run on the banks to claim assets.

The market recovers, Knickerbocker is merged, and the rich continue to get richer.

Not discussing this to argue whether it was fair or not, nor am I attempting to shock you with the control fallible men have over the lives of so many.

I am shining light on the movement of

these sharks that move the mountains of our decisions. Seeing how all decisions are economic in nature, ignoring these whales history and pattern of behavior is a mistake.