Andrew Jackson: The Man Who Killed The Bank

by Gabriel Donohoe


200 years ago today, January 8th, 1815, the 17 day battle for the strategic port city of New Orleans ended in a decisive victory for the American forces under the command of General Andrew Jackson.

It is difficult to recall a more ignominious defeat for the British. The swamplands around Chalmette were strewn with 2,000 dead and wounded redcoats, including their youthful commander, Major General Sir Edward Packenham. Jackson’s casualties were a meagre score or so dead and wounded.

Thus ended the War of 1812.

This war, like almost all wars, was a bankers’ war. It is believed that Nathan Rothschild threatened President Madison in 1811 with a “most disastrous war” if Congress did not renew the charter of the privately controlled central bank, the First Bank of the United States. Knowing that the central bank had almost ruined the U.S. economy while vastly enriching the bankers, Congress refused to renew the charter.

This prompted Rothschild to declare, “Teach those impudent Americans a lesson! Bring them back to colonial status!”

Rothschild money and influence worked to provoke a war with the Americans. However, the British Prime Minister, Spencer Perceval, opposed a war in North America; he was assassinated in May, 1812, the only British Prime Minister to be murdered while in office. Under Perceval’s successor, Robert Banks Jenkinson (with an ironic middle name), the Americans were goaded into declaring war on Great Britain in June, 1812.

Despite the American victory, the War of 1812 achieved Rothschild’s objective. The fledgling republic was deeply in debt and monetary chaos reigned across the land. Madison and Congress had to back-pedal and in 1816 felt compelled to offer a new 20 year charter to another private central bank, The Second Bank of the United States.

The bankers took up from where they had left off in 1811 and continued to loot the American people. Then, in 1828, Andrew Jackson was elected president. ‘Old Hickory’, as Jackson was affectionately known by his former troops, easily won the popular vote and the electoral vote. Having routed the British Army at New Orleans, ‘Old Hickory’ decided he would do the same to the British controlled central bank.

andrew jackson

Andrew Jackson was born in the Carolinas in 1767 shortly after his family migrated to North America from Co. Antrim in Ireland. The Jacksons were Ulster Presbyterians, a religion that was discriminated against and persecuted by the British almost as much as Catholics.

As a young teenager, Andrew was active on the American side in the Revolutionary War. When the 14 year old Jackson was captured by British Dragoons in South Carolina, a British officer demanded that he clean the officer’s boots. Jackson told the officer where he could stick his boots and received a nasty sabre gash across the arm and forehead for his insolence. Jackson bore these scars to his dying day but made the British suffer terribly at New Orleans for their gratuitous violence.

As Jackson’s first term in office ended (1828-32), the president of the Second Bank of the United States, Nicholas Biddle, decided to apply early for renewal of the bank’s charter which would expire in 1836. He felt Jackson would be vulnerable in the re-election campaign and would eschew anything controversial.

Biddle got it dead wrong. Rather than avoid controversy, Jackson based his entire re-election campaign on destroying the central bank. His election slogan was “Jackson And No Bank”.

Jackson once berated a delegation of bankers with these words:

“Gentlemen! I too have been a close observer of the doings of the Bank of the United States…You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, I will rout you out!”

Just before the re-election campaign began in earnest, Congress passed a bill into law to allow the Second Bank of the United States to renew its charter for a further 20 years. But Jackson vetoed the bill. He outlined his reasons in a message to the American people, a populace long sceptical of central banks and bankers.

As the presidential campaign progressed, Biddle and his bank heavily funded Jackson’s opponent, Henry Clay, a highly respected Kentucky senator and former Speaker of the House of Representatives. But ‘Old Hickory’ won the election by a landslide.

Although the bank had 4 more years of its charter to run, Jackson set about hammering nails into its coffin. He ordered Secretary of the Treasury McLane to pull all government funds out of the central bank and deposit them in state-chartered banks. Secretary McLane refused and Jackson fired him. He appointed William Duane as Treasury Secretary and ordered him to remove deposits from Biddle’s central bank. When Duane dragged his heels, Jackson fired him too. The third appointed Secretary, Roger B. Taney, complied and the bank was in serious difficulty.

Biddle attempted to turn Congress and the people against Jackson by causing a recession in 1834. The bank demanded that all existing loans be repaid immediately; it deliberately refused to make new loans. A nation-wide recession ensued.

Jackson, under pressure, declared, “The bank is trying to kill me – but I will kill it!”


Actually, the bank came close to literally killing Jackson when a would-be assassin, Richard Lawrence, believed to be in the pay of the Rothschilds, attempted to murder Jackson in January, 1835, but both his pistols misfired. ‘Old Hickory’ began to thrash Lawrence with his cane and had to be physically restrained from beating his attacker to death.

With blame for the recession travelling backwards and forwards, Biddle’s huge ego became his own undoing. He was heard to boast in public that it was he who had caused the recession. The people and Congress turned against him. The bank’s charter was not renewed. In fact, it would take 77 years before another central bank would appear on the scene – the Federal Reserve Bank in 1913.

When asked what was the greatest achievement of his career, Jackson replied, “I killed the bank!”

Political leaders of the world, take note.

[ IDP comment Some comments that i thought worthy of adding to the post follow ].
Gabriel Donohoe is a Writer and Natural Health Therapist who lives in Co. Louth, Ireland. He sometimes uses the name “Fools Crow”, in honour of a Lakota holy man and healer who dedicated his life to his people and to all of humankind. Website: Wakan tanka nici un mitakola (Walk in Peace, My Friends).
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5 Responses to Andrew Jackson: The Man Who Killed The Bank

  1. socred says:

    “Despite the American victory, the War of 1812 achieved Rothschild’s objective. ”

    Ummm………..I think you need to re-read your history, because your facts are all wrong. The US invaded Canada in the war of 1812, and you did not win. 

    “The United States declared war on June 18, 1812 for several reasons, including trade restrictions brought about by the British war with France, the impressment of American merchant sailors into the Royal Navy, British support of Indian tribes against American expansion, outrage over insults to national honor after humiliations on the high seas and possible American interest in annexing British territory territory in modern-day Canada.[3]”

    “In Upper and Lower Canada, British and Provincial militia victories over invading American armies became iconic and promoted the development of a distinct Canadian identity, which included strong loyalty to Britain.”

    In fact, we burned your white house:

    “On August 24, 1814, after defeating the Americans at the Battle of Bladensburg, a British force led by Major General Robert Ross occupied Washington City and set fire to many public buildings, including the White House (known as the presidential mansion at the time), and the Capitol, as well as other facilities of the U.S. government.[3] ”

    Typical American arrogance and distorted view of history.

    • Fools Crow says:

      Firstly, Socred, I am not American and secondly, if you depend on Wikipedia for your ‘facts’ you are being short-changed.

      You seem to be saying that the War of 1812 was between the United States and Canada and that the U. S. lost. There’s revisionism and there’s revisionism but that statement made me laugh out loud. Thanks for the rib tickler.

      It wasn’t the Canadian army that fought General Jackson’s troops at New Orleans but British regulars under General Sir Edward Packenham, the brother-in-law of the Duke of Wellington, both of whom were born in Ireland. Packenham was killed in the battle and his body returned preserved in a cask of rum for burial in his birthplace in Co. Westmeath.

      At the time of this War, Canada wasn’t even a nation state but a vast territory of First Nation peoples who were trying to protect their homeland from British and French colonialism. (Of course the Americans were trying to do the same to their own indigenous peoples.)

      It’s now widely known and documented that all wars are bankers’ wars. I’ll bet that that was never revealed to you when you received your degree in economics, undoubtedly from a bankster-funded university. 

      However, I think you may be an open-minded individual, going by your website on C H Douglas and Social Credit. I also admire many of the ideas of Social Credit. The fact that it didn’t work in Alberta in the 1930s up to the 70s was probably due more to bankster interference than anything else. Give the works of EC Riegel and Thomas Greco Jr a try.

      (I don’t know if you live in Alberta but it’s one of my top three places on earth. Very fond memories of Calgary, Banff, Lake Louise, Jasper, and so on…)

      • socred says:

        Fools Crow, I get my “facts” from many sources. If there’s something in the Wikipedia article which you find factually incorrect, then point it out with a reference to another source. I have never seen any historical information about the war of 1812 which claims that the British started the war. While Canada was not a country at the time, it was a province, and the name Canada did exist. The Americans attacked Canada in the war of 1812 because they overestimated the support they would receive from people living in Canada at the time. Many of the people who served in the British army in the conflict were residents of the provice of Canada. I’m not suggesting that the country of Canada defeated the Americans, because there was no country of Canada at that time. Just as there was no country of Germany at that time. But to suggest that the British attacked America, and that the Americans won the war is the ultimate form of revisionsim.

        I am an open minded person, and I believe that C.H. Douglas was the greatest “economist” who ever lived. I have read some material by E.C. Riegel. He seems to concern himself with the nature of money, and he certainly seems to understand the contractual nature of money as opposed to some commodity or fiat money. Douglas was more concerned with the flow of incomes and prices.

        I do happen to live in Alberta, and while there was a “Social Credit” government here at one time, for the most part, they were “social credit” in name only. There were some attempts to implement actual social credit under Aberhart, but that legislation was ruled ultra – vires by the Supreme Court of Canada. The mountains in Alberta are spectacular: I visit as often as I can.

        Take care.

  2. Tony Blizzard says:

    Two points need to be made here from the American point of view:

    1. The revolution against England in which Jackson fought was not over some little tea tax as the banker influenced school histories have it. That war was fought indircetly as a result of the colonies not having been furnished any medium of exchange by England. To survive they experimented and finally discovered that scrip issued by the colony governernments in the proper 1:1 ratio against exchanges needing to be made and which those same governments accepted as payment for taxes and goverrnment services, made those colonies the most prosperous places in the world at a time when the British Isles were already in deep depression due to the greedy criminality of the Bank of England. But when the bank heard about colonial scrip it demanded that Parliament make nothing except the bank’s gold coin a lawful medium in the colonies. This onus of not nearly enough medium to facilitate exchanges soon put the colonies in the same sort of depression as Britain with the land full of sheriffs’ sales and homeless, jobless and hungry people. THAT was the reason for the colonies’ rebellion.

    I must add that, immediately after the masonic led “constitutional convention” destroyed the Articles of Confederation, our first national law, replacing it with our masonic, humanistic, centralized Constitution, the banker’s man and traitor Alexander Hamilton, with high mason George Washington’s blessing, set up the same bank the new nation had broken from in the war, only this time on our shores, with the very same stock owners as the Bank of England plus a few moneyed Jews of the U.S. who had helped finance the America side of the war. We have never completely escaped being a Bank of England colony.

    2. Although Jackson was a real American hero and did all you wrote, he did not understand that he had to have the U.S. Government create real money using the government fiat and SPEND it into circulation at that 1:1 ratio so the people would have, once again, a stable medium of exchange in order to do business. 

    Lincoln did understand that, thus, in spite of his many failings, his greenbacks, only partly crippled by the bankers, saved the citizens an untold amount of fake Rothschild style bank credit interest for the best part of 100 years until the bankers were able to unlawfully stop those United States Notes from circulating. Of course that is the reason Lincoln was murdered by yet another mason.

    Tony B.

    • Fools Crow says:

      Thanks for your informed comment, Tony.

      Yes, there were several flaws in Jackson’s make-up which were excluded due to the narrow focus of this article. Jackson was a slave owner and his Administration’s treatment of the Indians — particularly The Indian Removal Act — led to the insidious “Trail of Tears”. It is ironic that Jackson’s family suffered the same kind of persecution before they upped and left Ulster for the New World.

      And Jackson’s “killing” of the bank did in no way end America’s economic/financial difficulties. As you say, he did not fully understand the creation of money and how its value was derived from the labour — goods & services — of the People. But then, that’s another article.