TGoodwin

Total Rating:
0 / 0

1 Comment

    • Tue Mar 18th 09:55 AM | Rating: 0 0
      Commented on:
      Jim Rogers on the Bear Stearns Bailout
      Rogers says;
      The first two central banks in America failed.

      Actually,the first bank was designed for a 10-year priming of the system. Alexander Hamilton might have extended its life had he and Aaron Burr got alog well.

      The Second Bank was managed by Nicholas Biddle who personified central bankers everywhere. King George of England set in motion a chain of events that led to the banks downfall. He had a British army tangle with Andrew Jackson at New Orleans. Old Hickory gained a lot of fame from the welcome he extended to the British army.

      It took two terms in the White House before Jackson could get the best of Nicholas Bibble. It was Old Hickory's fame that enabled him to get that second term; he won that at the battle of New Orleans.

      As to the demise of the Federal Reserve -- bring it on; the world will be a better place.
      View article »
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»