The Forgotten Bank War of President John Tyler

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https://realnewsandhistory.com/john-tyler-bank-war/

John Tyler fue el décimo presidente de los Estados Unidos (1841-1845) después de ocupar brevemente el cargo de décimo vicepresidente de marzo a abril de 1841. Tyler se convirtió en el primer vicepresidente en suceder a la presidencia sin haberse presentado a una elección. Sirvió más tiempo que cualquier otro presidente en la historia de los Estados Unidos que no fue elegido para el cargo. Para evitar cualquier incertidumbre constitucional, Tyler inmediatamente prestó juramento, se trasladó a la Casa Blanca y asumió plenos poderes presidenciales, un precedente que regiría sucesiones futuras y fue codificado en la Vigesimoquinta Enmienda.

The term "Bank War," as all Truthers should know, applies to President Andrew Jackson's epic effort which blocked the rechartering of the Second Bank of the United States, based in Philadelphia. He almost paid with his life for "killing the bank" and also opposing the secessionists of the day --- surviving miraculously when a would-be assassin fired two different revolvers which both misfired on a cold humid day in January of 1835.

The #Quadrillion #Dollar #Derivative #Debt and the “ #BailIn ”

When you Deposit Funds in a Bank, it Becomes “Their Money”

By Bill Holter

The world is awash with “promises”. Nearly everything we think of as having “value” is because of a promise behind it. A few examples; your bank accounts, retirement funds, bonds and even the dollar bills in your pocket. Your bank account for example, once you deposit the money it is no longer yours. You can argue this if you wish but we now know this is true for sure after recent “bail in” legislations passed throughout the west. When you deposit funds into a bank, it then becomes “their money” held for you …they “owe” it to you. 

Do not take this lightly, lawmakers around the world have made this the new reality. A little known fact, in 1845 Britain passed banking law that made depositors (unsecured creditors), this is still precedent to this day. When you deposit money you “accept a liability” from your bank and are classified as an unsecured creditor. In other words, “get in line with everyone else”!

Same thing with many retirement accounts. Think about Social Security. When you get your annual statement form, it comes with an asterisk. This is to inform you they “might need to reduce benefits”. With any retirement account you are relying on the custodian to make payments to you upon retirement. Think about state and municipal retirement accounts promising the good life, they are nearly ALL underfunded. Meaning there is not enough money in there to make (promised) future payments unless some sort of magically higher returns are realized. These are underfunded by the TRILLIONS of dollars!

Bonds are an obvious asset class where a “promise” is relied on. Dollars on the other hand seem the most