chrisrossini on Nostr: Banking, in and of itself, is a great industry. However (like everything else) when ...

Banking, in and of itself, is a great industry.

However (like everything else) when you mix power, greed, and a lust for control, you get terrible mischief.

Ever since Christ overturned the tables of the money changers, humanity has been dealing with the same story.

I just came across a quote from the 1830's, when President Andrew Jackson closed down the central bank at the time, called the Second Bank of the United States.

(Yes, the Federal Reserve is not the first central bank that Americans have suffered under.)

Here's what Jackson said when he shut down the Second Bank. Notice how the same words can be said today:

"Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank…You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”

Jackson did rout them out, and this was the only time period in U.S. history when the national debt was ZERO.

But alas, the power-hungry regrouped and came back, ultimately with the Federal Reserve in 1913.

And, now, WE (you and I) live in an America that has $36 TRILLION in debt (that's a long way from ZERO).

Our country has been bankrupted both morally and economically.

The new thing is to move into "crypto," which like any other form of money will have its positives and negatives.

I don't know what the future holds, but one thing is for sure...

We need to beware the power-hungry who will certainly desire the use of "crypto" as a way to satisfy their lust for control.