When the Bank of England controlled British Government found out that the U.S. Bank would not be re-chartered, they declared war on the United States. Washington D.C., was invaded and the White House was burned to the ground. General Andrew Jackson (another great Scot whose parents came from Hibernia) was the hero of that war. Despite this great victory over the the Bank of "England", the Bank of the U.S. was re-chartered in 1816 for another 20 years. The people loved the hero of the battle of New Orleans and elected him to the Presidency in the year 1829. He served his country in that high office for 8 years. Little did he know before taking the oath of office that he would face a far more dangerous enemy than ever he faced from the British rifles. That ferocious enemy was the MONEY POWER represented by the "U.S." Bank. He was head of the 2nd Bank of the U.S. With many Congressmen and Senators financially beholden to him, he wielded great political power. He deliberately created a banking panic and a depression for the purpose of frightening the voters and blaming it on President Jackson. Biddle was later arrested and charged with fraud but his powerful protectors shielded him from justice . . . in this life. President Jackson's unflinching determination and unwavering patriotism prevailed against Biddle and his Bank. President Jackson called the Bank a monster and was determined to pull all its teeth. He said: "I am ready with the screws to draw every tooth and then the stumps." And our hero did exactly as he promised. When he left office, the U.S. had a real currency consisting of silver and gold coins. Our hero called paper money "RAG MONEY" and this is what he said about it: "The paper-money system and its natural associations—monopoly and exclusive privileges—have already struck their roots too deep in the soil, and it will require all your efforts to check its further growth and to eradicate the evil." http://www.reformation.org/usbank.html