🌪 Prepare for Change To Your Bank? 🌪

As a former Goldman Sachs managing director, I feel it’s my duty to warn you about what may be coming 𝐬𝐨𝐨𝐧. It 𝐚𝐥𝐥 starts with a 𝐧𝐞𝐰 Presidential executive 𝐨𝐫𝐝𝐞𝐫, that may directly install MAJOR changes to your 𝐛𝐚𝐧𝐤 account. And it’s 𝐚𝐥𝐥 backed by the biggest companies in the world: Citigroup, Ford, MasterCard, Visa, and Coca-Cola. [logo]( Editor’s note At The Classy Investors, we are serious about being your “eyes and ears” for special opportunities for you to take advantage of. The message below from one of our partners is one we think you should take a close look at. Andrew Jackson was the seventh President of the United States from 1829 to 1837, seeking to act as the direct representative of the common man. More nearly than any of his predecessors, Andrew Jackson was elected by popular vote; as President he sought to act as the direct representative of the common man. Born in a backwoods settlement in the Carolinas in 1767, he received sporadic education. But in his late teens he read law for about two years, and he became an outstanding young lawyer in Tennessee. Fiercely jealous of his honor, he engaged in brawls, and in a duel killed a man who cast an unjustified slur on his wife Rachel. Jackson prospered sufficiently to buy slaves and to build a mansion, the Hermitage, near Nashville. He was the first man elected from Tennessee to the House of Representatives, and he served briefly in the Senate. A major general in the War of 1812, Jackson became a national hero when he defeated the British at New Orleans. In 1824 some state political factions rallied around Jackson; by 1828 enough had joined “Old Hickory” to win numerous state elections and control of the Federal administration in Washington. In his first Annual Message to Congress, Jackson recommended eliminating the Electoral College. He also tried to democratize Federal officeholding. Already state machines were being built on patronage, and a New York Senator openly proclaimed “that to the victors belong the spoils. . . . ” Jackson took a milder view. Decrying officeholders who seemed to enjoy life tenure, he believed Government duties could be “so plain and simple” that offices should rotate among deserving applicants. As national politics polarized around Jackson and his opposition, two parties grew out of the old Republican Party–the Democratic Republicans, or Democrats, adhering to Jackson; and the National Republicans, or Whigs, opposing him. Henry Clay, Daniel Webster, and other Whig leaders proclaimed themselves defenders of popular liberties against the usurpation of Jackson. Hostile cartoonists portrayed him as King Andrew I. Behind their accusations lay the fact that Jackson, unlike previous Presidents, did not defer to Congress in policy-making but used his power of the veto and his party leadership to assume command. The greatest party battle centered around the Second Bank of the United States, a private corporation but virtually a Government-sponsored monopoly. When Jackson appeared hostile toward it, the Bank threw its power against him. Clay and Webster, who had acted as attorneys for the Bank, led the fight for its recharter in Congress. “The bank,” Jackson told Martin Van Buren, “is trying to kill me, but I will kill it!” Jackson, in vetoing the recharter bill, charged the Bank with undue economic privilege. His views won approval from the American electorate; in 1832 he polled more than 56 percent of the popular vote and almost five times as many electoral votes as Clay. Jackson met head-on the challenge of John C. Calhoun, leader of forces trying to rid themselves of a high protective tariff. When South Carolina undertook to nullify the tariff, Jackson ordered armed forces to Charleston and privately threatened to hang Calhoun. Violence seemed imminent until Clay negotiated a compromise: tariffs were lowered and South Carolina dropped nullification. In January of 1832, while the President was dining with friends at the White House, someone whispered to him that the Senate had rejected the nomination of Martin Van Buren as Minister to England. Jackson jumped to his feet and exclaimed, “By the Eternal! I’ll smash them!” So he did. His favorite, Van Buren, became Vice President, and succeeded to the Presidency when “Old Hickory” retired to the Hermitage, where he died in June 1845. The Presidential biographies on WhiteHouse.gov are from “The Presidents of the United States of America,” by Frank Freidel and Hugh Sidey. Copyright 2006 by the White House Historical Association. Dear Reader, Martin Van Buren was the eighth President of the United States (1837-1841), after serving as the eighth Vice President and the tenth Secretary of State, both under President Andrew Jackson. While the country was prosperous when the “Little Magician” was elected, less than three months later the financial panic of 1837 punctured the prosperity. Only about 5 feet, 6 inches tall, but trim and erect, Martin Van Buren dressed fastidiously. His impeccable appearance belied his amiability–and his humble background. Of Dutch descent, he was born in 1782, the son of a tavernkeeper and farmer, in Kinderhook, New York. As a young lawyer he became involved in New York politics. As leader of the “Albany Regency,” an effective New York political organization, he shrewdly dispensed public offices and bounty in a fashion calculated to bring votes. Yet he faithfully fulfilled official duties, and in 1821 was elected to the United States Senate. By 1827 he had emerged as the principal northern leader for Andrew Jackson. President Jackson rewarded Van Buren by appointing him Secretary of State. As the Cabinet Members appointed at John C. Calhoun’s recommendation began to demonstrate only secondary loyalty to Jackson, Van Buren emerged as the President’s most trusted adviser. Jackson referred to him as, “a true man with no guile.” The rift in the Cabinet became serious because of Jackson’s differences with Calhoun, a Presidential aspirant. Van Buren suggested a way out of an eventual impasse: he and Secretary of War Eaton resigned, so that Calhoun men would also resign. Jackson appointed a new Cabinet, and sought again to reward Van Buren by appointing him Minister to Great Britain. Vice President Calhoun, as President of the Senate, cast the deciding vote against the appointment–and made a martyr of Van Buren. The “Little Magician” was elected Vice President on the Jacksonian ticket in 1832, and won the Presidency in 1836. Van Buren devoted his Inaugural Address to a discourse upon the American experiment as an example to the rest of the world. The country was prosperous, but less than three months later the panic of 1837 punctured the prosperity. Basically, the trouble was the 19th-century cyclical economy of “boom and bust,” which was following its regular pattern, but Jackson’s financial measures contributed to the crash. His destruction of the Second Bank of the United States had removed restrictions upon the inflationary practices of some state banks; wild speculation in lands, based on easy bank credit, had swept the West. To end this speculation, Jackson in 1836 had issued a Specie Circular requiring that lands be purchased with hard money–gold or silver. In 1837 the panic began. Hundreds of banks and businesses failed. Thousands lost their lands. For about five years the United States was wracked by the worst depression thus far in its history. Programs applied decades later to alleviate economic crisis eluded both Van Buren and his opponents. Van Buren’s remedy–continuing Jackson’s deflationary policies–only deepened and prolonged the depression. Declaring that the panic was due to recklessness in business and overexpansion of credit, Van Buren devoted himself to maintaining the solvency of the national Government. He opposed not only the creation of a new Bank of the United States but also the placing of Government funds in state banks. He fought for the establishment of an independent treasury system to handle Government transactions. As for Federal aid to internal improvements, he cut off expenditures so completely that the Government even sold the tools it had used on public works. Inclined more and more to oppose the expansion of slavery, Van Buren blocked the annexation of Texas because it assuredly would add to slave territory–and it might bring war with Mexico. Defeated by the Whigs in 1840 for reelection, he was an unsuccessful candidate for President on the Free Soil ticket in 1848. He died in 1862. The Presidential biographies on WhiteHouse.gov are from “The Presidents of the United States of America,” by Frank Freidel and Hugh Sidey. Copyright 2006 by the White House Historical Association. As a former Goldman Sachs managing director, I feel it’s my duty to warn you about what may be coming 𝐬𝐨𝐨𝐧. In the War of 1812 Harrison won more military laurels when he was given the command of the Army in the Northwest with the rank of brigadier general. At the Battle of the Thames, north of Lake Erie, on October 5, 1813, he defeated the combined British and Indian forces, and killed Tecumseh. The Indians scattered, never again to offer serious resistance in what was then called the Northwest. Thereafter Harrison returned to civilian life; the Whigs, in need of a national hero, nominated him for President in 1840. He won by a majority of less than 150,000, but swept the Electoral College, 234 to 60. When he arrived in Washington in February 1841, Harrison let Daniel Webster edit his Inaugural Address, ornate with classical allusions. Webster obtained some deletions, boasting in a jolly fashion that he had killed “seventeen Roman proconsuls as dead as smelts, every one of them.” Webster had reason to be pleased, for while Harrison was nationalistic in his outlook, he emphasized in his Inaugural that he would be obedient to the will of the people as expressed through Congress. But before he had been in office a month, he caught a cold that developed into pneumonia. On April 4, 1841, he died — the first President to die in office — and with him died the Whig program. The Presidential biographies on WhiteHouse.gov are from “The Presidents of the United States of America,” by Frank Freidel and Hugh Sidey. Copyright 2006 by the White House Historical Association. [It 𝐚𝐥𝐥 starts with a 𝐧𝐞𝐰 Presidential executive 𝐨𝐫𝐝𝐞𝐫, that may directly install MAJOR changes to your 𝐛𝐚𝐧𝐤 account.]( William Henry Harrison, an American military officer and politician, was the ninth President of the United States (1841), the oldest President to be elected at the time. On his 32nd day, he became the first to die in office, serving the shortest tenure in U.S. Presidential history. “Give him a barrel of hard cider and settle a pension of two thousand a year on him, and my word for it,” a Democratic newspaper foolishly gibed, “he will sit … by the side of a ‘sea coal’ fire, and study moral philosophy. ” The Whigs, seizing on this political misstep, in 1840 presented their candidate William Henry Harrison as a simple frontier Indian fighter, living in a log cabin and drinking cider, in sharp contrast to an aristocratic champagne-sipping Van Buren. Harrison was in fact a scion of the Virginia planter aristocracy. He was born at Berkeley in 1773. He studied classics and history at Hampden-Sydney College, then began the study of medicine in Richmond. Suddenly, that same year, 1791, Harrison switched interests. He obtained a commission as ensign in the First Infantry of the Regular Army, and headed to the Northwest, where he spent much of his life. In the campaign against the Indians, Harrison served as aide-de-camp to General “Mad Anthony” Wayne at the Battle of Fallen Timbers, which opened most of the Ohio area to settlement. After resigning from the Army in 1798, he became Secretary of the Northwest Territory, was its first delegate to Congress, and helped obtain legislation dividing the Territory into the Northwest and Indiana Territories. In 1801 he became Governor of the Indiana Territory, serving 12 years. His prime task as governor was to obtain title to Indian lands so settlers could press forward into the wilderness. When the Indians retaliated, Harrison was responsible for defending the settlements. The threat against settlers became serious in 1809. An eloquent and energetic chieftain, Tecumseh, with his religious brother, the Prophet, began to strengthen an Indian confederation to prevent further encroachment. In 1811 Harrison received permission to attack the confederacy. While Tecumseh was away seeking more allies, Harrison led about a thousand men toward the Prophet’s town. Suddenly, before dawn on November 7, the Indians attacked his camp on Tippecanoe River. After heavy fighting, Harrison repulsed them, but suffered 190 dead and wounded. The Battle of Tippecanoe, upon which Harrison’s fame was to rest, disrupted Tecumseh’s confederacy but failed to diminish Indian raids. By the spring of 1812, they were again terrorizing the frontier. John Tyler became the tenth President of the United States (1841-1845) when President William Henry Harrison died in April 1841. He was the first Vice President to succeed to the Presidency after the death of his predecessor. Dubbed “His Accidency” by his detractors, John Tyler was the first Vice President to be elevated to the office of President by the death of his predecessor. Born in Virginia in 1790, he was raised believing that the Constitution must be strictly construed. He never wavered from this conviction. He attended the College of William and Mary and studied law. Serving in the House of Representatives from 1816 to 1821, Tyler voted against most nationalist legislation and opposed the Missouri Compromise. After leaving the House he served as Governor of Virginia. As a Senator he reluctantly supported Jackson for President as a choice of evils. Tyler soon joined the states’ rights Southerners in Congress who banded with Henry Clay, Daniel Webster, and their newly formed Whig party opposing President Jackson. The Whigs nominated Tyler for Vice President in 1840, hoping for support from southern states’-righters who could not stomach Jacksonian Democracy. The slogan “Tippecanoe and Tyler Too” implied flag waving nationalism plus a dash of southern sectionalism. Clay, intending to keep party leadership in his own hands, minimized his nationalist views temporarily; Webster proclaimed himself “a Jeffersonian Democrat.” But after the election, both men tried to dominate “Old Tippecanoe.” Suddenly President Harrison was dead, and “Tyler too” was in the White House. At first the Whigs were not too disturbed, although Tyler insisted upon assuming the full powers of a duly elected President. He even delivered an Inaugural Address, but it seemed full of good Whig doctrine. Whigs, optimistic that Tyler would accept their program, soon were disillusioned. And it’s 𝐚𝐥𝐥 backed by the biggest companies in the world: Citigroup, Ford, MasterCard, Visa, and Coca-Cola. Tyler was ready to compromise on the banking question, but Clay would not budge. He would not accept Tyler’s “exchequer system,” and Tyler vetoed Clay’s bill to establish a National Bank with branches in several states. A similar bank bill was passed by Congress. But again, on states’ rights grounds, Tyler vetoed it. In retaliation, the Whigs expelled Tyler from their party. All the Cabinet resigned but Secretary of State Webster. A year later when Tyler vetoed a tariff bill, the first impeachment resolution against a President was introduced in the House of Representatives. A committee headed by Representative John Quincy Adams reported that the President had misused the veto power, but the resolution failed. Despite their differences, President Tyler and the Whig Congress enacted much positive legislation. The “Log-Cabin” bill enabled a settler to claim 160 acres of land before it was offered publicly for sale, and later pay $1.25 an acre for it. In 1842 Tyler did sign a tariff bill protecting northern manufacturers. The Webster-Ashburton treaty ended a Canadian boundary dispute; in 1845 Texas was annexed. The administration of this states’-righter strengthened the Presidency. But it also increased sectional cleavage that led toward civil war. By the end of his term, Tyler had replaced the original Whig Cabinet with southern conservatives. In 1844 Calhoun became Secretary of State. Later these men returned to the Democratic Party, committed to the preservation of states’ rights, planter interests, and the institution of slavery. Whigs became more representative of northern business and farming interests. When the first southern states seceded in 1861, Tyler led a compromise movement; failing, he worked to create the Southern Confederacy. He died in 1862, a member of the Confederate House of Representatives. The Presidential biographies on WhiteHouse.gov are from “The Presidents of the United States of America,” by Frank Freidel and Hugh Sidey. Copyright 2006 by the White House Historical Association. [Photo Map]( Unfortunately, there’s not much time to prepare. Stephen Roach, former chairman at Morgan Stanley, says: “U.S. living standards are about to be squeezed as 𝐧𝐞𝐯𝐞𝐫 𝐛𝐞𝐟𝐨𝐫𝐞.” Listen, I’m not 𝐡𝐞𝐫𝐞 to scare you… But I am 𝐡𝐞𝐫𝐞 to help you prepare. I’ll even reveal the exact steps I’m personally taking — [𝐜𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 for all the details.]( If you’re worried about soaring inflation, rent increases, 𝐜𝐫𝐞𝐝𝐢𝐭 𝐜𝐚𝐫𝐝 𝐝𝐞𝐛𝐭, and a falling stock market… [Just wait until you see what’s NEXT for America…]( Regards, Nomi Prins Editor, Distortion Report Often referred to as the first “dark horse” President, James K. Polk was the last of the Jacksonians to sit in the White House, and the last strong President until the Civil War. He was born in Mecklenburg County, North Carolina, in 1795. Studious and industrious, Polk was graduated with honors in 1818 from the University of North Carolina. As a young lawyer he entered politics, served in the Tennessee legislature, and became a friend of Andrew Jackson. In the House of Representatives, Polk was a chief lieutenant of Jackson in his Bank war. He served as Speaker between 1835 and 1839, leaving to become Governor of Tennessee. Until circumstances raised Polk’s ambitions, he was a leading contender for the Democratic nomination for Vice President in 1844. Both Martin Van Buren, who had been expected to win the Democratic nomination for President, and Henry Clay, who was to be the Whig nominee, tried to take the expansionist issue out of the campaign by declaring themselves opposed to the annexation of Texas. Polk, however, publicly asserted that Texas should be “re-annexed” and all of Oregon “re-occupied.” When railroad strikers in Chicago violated an injunction, Cleveland sent Federal troops to enforce it. “If it takes the entire army and navy of the United States to deliver a post card in Chicago,” he thundered, “that card will be delivered.” Cleveland’s blunt treatment of the railroad strikers stirred the pride of many Americans. So did the vigorous way in which he forced Great Britain to accept arbitration of a disputed boundary in Venezuela. But his policies during the depression were generally unpopular. His party deserted him and nominated William Jennings Bryan in 1896. Buchanan decided to end the troubles in Kansas by urging the admission of the territory as a slave state. Although he directed his Presidential authority to this goal, he further angered the Republicans and alienated members of his own party. Kansas remained a territory. When Republicans won a plurality in the House in 1858, every significant bill they passed fell before southern votes in the Senate or a Presidential veto. The Federal Government reached a stalemate. Sectional strife rose to such a pitch in 1860 that the Democratic Party split into northern and southern wings, each nominating its own candidate for the Presidency. Consequently, when the Republicans nominated Abraham Lincoln, it was a foregone conclusion that he would be elected even though his name appeared on no southern ballot. Rather than accept a Republican administration, the southern “fire-eaters” advocated secession. After leaving the White House, Cleveland lived in retirement in Princeton, New Jersey. He died in 1908. The Presidential biographies on WhiteHouse.gov are from “The Presidents of the United States of America,” by Frank Freidel and Hugh Sidey. Copyright 2006 by the White House Historical Association. 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