Presidential & Congressional Election of the Century - 2012-2

In 1791 a bank was created to handle the financial needs and requirements of the central government of the newly formed United States, which had previously been thirteen individual states with their own banks, currencies, financial institutions, and policies.

The charter was set for a 20-year expiration date.


According to Wikipedia: " "The First Bank of the United States", was proposed and brought into being under the support of the first Secretary of the Treasury Alexander Hamilton. Along with establishing a mint and an excise tax, the purpose of Hamilton's proposed bank was to:

• Establish financial order, clarity and precedence in and of the newly formed United States.
• Establish credit—both in country and overseas—for the new nation.
• To resolve the issue of the fiat currency, issued by the Continental Congress immediately prior to and during the United States Revolutionary War—the "Continental"."

 The opposition to the idea of a federal government mint and banking system believed centralizing power would take power away from private banks. And that it was a dangerous act that would damage a sound monetary system. Most felt there was to be a benefit to business interests in the commercial north, and against the interests of the agricultural south interests.

There were also arguments that the creation of such a bank violated the Constitution, which did not list the creation of a Bank of the United States or of a government mint, for that matter, among the expressed powers allowed to the federal government.

Politics got in the way of this first bank of the United States and it's charter was not renewed by Congress.

In 1816, the Second Bank of the United States was chartered in 1816, by many of the same congressmen who in 1811 had refused to renew the charter of the original Bank of the United States. Subsequent to the War of 1812, the U.S. experienced severe inflation and had a hard time financing the government as the credit and borrowing status of the United States were at their lowest levels since its founding.

Like the First Bank, the Second Bank was also chartered for 20 years, and also failed to have its charter renewed. It existed for 5 more years as an ordinary bank before going bankrupt in 1841.

In 1863 and 1864 the National Banking Acts were passed by congress. These two federal laws established a system of national charters for banks, and created the United States National Banking System we have today.  It helped develop our national currency backed by bank holdings of U.S. Treasury securities and established regulations of nationally chartered banks. The legacy of the Act is its impact on the national banking system as it stands today and its support of a uniform U.S. monetary policy.


One hundred and forty eight (148) years later, we have the same argument taking place about over regulated private industry.

And seek transparency for the actions and activities of the Federal Reserve.

Since there is unprecedented power in today's political and banking systems we need regulation and oversight on both our private industry and our politicians.


Every Vote Matters!

Especially When Politicians Try to Suppress the Vote! 

Voting has Consequences! Not Voting has Consequences!



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