What Would Andrew Jackson Think?

2/23/16

A genius once wrote these words: “It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government. Equality of talents, of education, or of wealth can not be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law; but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society-the farmers, mechanics, and laborers-who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their Government. There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me there seems to be a wide and unnecessary departure from these just principles.”

Bernie Sanders and all the ‘government knows best’ crowd should read these words. They are from the pen and mind of the last american president that actually cared about the liberty and financial freedom of his country. Of course the writer was the seventh president of the US, Andrew Jackson. These words are from his veto of the ‘Second Bank of the US’. Not surprisingly, the central bank was the wealthiest corporation in the world at the time. The current Federal Reserve Bank has $4.5 trillion in US assets and reported over $100 billion in earnings in 2015. This is what Jackson was getting at with the first sentence in the paragraph above. 

Jackson went on to write that ‘Equality of talents, of education, or of wealth can not be produced by human institutions.’ Stated differently, government cannot, and should not, attempt to affect equality in society. To Mr. Sanders’ credit, he admits to being a socialist and socialism is a philosophy of governing through government dominance and ownership for the purposes of wealth re-distribution. Mr. Sanders should note that the US was founded by our forefathers who came to America to get away from socialist, tyrannical leaders like Obama and Sanders. 

Jackson, like most of the founding fathers and framers of the Constitution, distrusted government and its inherent tendency to grow its power and constrict individual liberties. This is exactly the point that Mr. Obama seems incapable of understanding. For instance, Mr. Obama wants the government to wield more power and control over gun ownership. He tells listeners that the issue is not about gun confiscation. Mr. Obama does not understand this key point. We, or at least a great number of citizens, do not trust the US government. Our Constitutional framers did not trust the government so they sought to confine governmental powers in a legal sense. Once finished, the framers even went back to add the first ten amendments to the Constitution to further bolster individual rights. These amendments are known as the ‘Bill of Rights’. Government should not be trusted for anything. 

Hypocritically, weaponry is one of the largest contributions to US exports. Mr. Obama doesn’t want US citizens to have weapons but he is okay with the rest of the world having the latest and greatest weaponry produced. And yes, the US is the leading exporter in the world of weapons surpassing even Russia. Should US citizens surrender to the fascists who want to disarm us, liberty will be extinct. And, Mr. Obama is correct when he says he doesn’t want to take our guns away. He just wants to know who owns them so he can tax them away. This is why the government can’t be trusted. No government representative will come to our door demanding our guns. Rather, the government’s terrorist organization, the IRS, will begin sending us tax bills for the guns and ammunition that we admit to owning.

Another genius once warned us: “Unthinking respect for authority is the greatest enemy of truth.” That genius was Albert Einstein. 

What we should do is listen to the geniuses and ignore the mental midgets like Obama, Sanders, Yellen, Congress, etc…

Disclaimer: The views discussed in this article are solely the opinion of the writer and have been presented for educational purposes. They are not meant to serve as individual investment advice and should not be taken as such. This is not a solicitation to buy or sell anything. Readers should consult their registered financial representative to determine the suitability of any investment strategies undertaken or implemented. BMF Investments, Inc. assumes no liability nor credit for any actions taken based on this article.