Page 81 - Planet Rothschild. Volume 1 : the forbidden history of the new world order, 1763-1939

1832-1835
CENTRAL BANK BOSS NICHOLAS BIDDLE BATTLES
WITH ANDREW JACKSON

The Charter for the Second Bank of the United States is due to expire in 1836.
Nicholas Biddle is the President of the privately owned Central Bank. Biddle is
an advocate of big government, public (government) education, and centralized
banking.

In 1833, President Andrew Jackson begins his effort to “Kill the Bank” by
withdrawing government funds from it and then letting its charter expire without
renewal. Jackson hates Biddle’s Bank. He accuses it of causing inflation,
creating speculative bubbles, and corrupting the nation’s politics. He is said to
have declared to the bankers’: “You are a den of vipers and thieves. I intend to
rout you out, and by the Eternal God, I will rout you out!” (1) Biddle then

deliberately causes the recession of 1834 by tightening the money supply,
leaving debtors short of new currency to repay old loans. Biddle is trying to
intimidate the ex-General and hero of the War of 1812, but the fiery Andrew
Jackson is a fearless defender of the common people. Instead of backing down
from banker pressure, Jackson turns up the heat. He threatens the bankers and
wins the public to his side in "The Bank War".

When he didn't get his way, Biddle deliberately damaged the economy. Jackson
is determined to shut the bankers down and clean them out.