Ніstоrіс Сhаngеs То Уоur Sаvіngs? 🕗

UnfоrtunаtеІу, thеrе’s nоt muсh tіmе tо рrераrе... [logo]( Editor’s note At times, our affiliate partners reach out to the Editors at The Classy Investors with special opportunities for our readers. The message below is one we think you should take a close, serious look at. William Howard Taft was elected the 27th President of the United States (1909-1913) and later became the tenth Chief Justice of the United States (1921-1930), the only person to have served in both of these offices. Distinguished jurist, effective administrator, but poor politician, William Howard Taft spent four uncomfortable years in the White House. Large, jovial, conscientious, he was caught in the intense battles between Progressives and conservatives, and got scant credit for the achievements of his administration. Born in 1857, the son of a distinguished judge, he graduated from Yale, and returned to Cincinnati to study and practice law. He rose in politics through Republican judiciary appointments, through his own competence and availability, and because, as he once wrote facetiously, he always had his “plate the right side up when offices were falling.” But Taft much preferred law to politics. He was appointed a Federal circuit judge at 34. He aspired to be a member of the Supreme Court, but his wife, Helen Herron Taft, held other ambitions for him. His route to the White House was via administrative posts. President McKinley sent him to the Philippines in 1900 as chief civil administrator. Sympathetic toward the Filipinos, he improved the economy, built roads and schools, and gave the people at least some participation in government. Dear Reader, President Roosevelt made him Secretary of War, and by 1907 had decided that Taft should be his successor. The Republican Convention nominated him the next year. Taft disliked the campaign–“one of the most uncomfortable four months of my life.” But he pledged his loyalty to the Roosevelt program, popular in the West, while his brother Charles reassured eastern Republicans. William Jennings Bryan, running on the Democratic ticket for a third time, complained that he was having to oppose two candidates, a western progressive Taft and an eastern conservative Taft. Progressives were pleased with Taft’s election. “Roosevelt has cut enough hay,” they said; “Taft is the man to put it into the barn.” Conservatives were delighted to be rid of Roosevelt–the “mad messiah.” Taft recognized that his techniques would differ from those of his predecessor. Unlike Roosevelt, Taft did not believe in the stretching of Presidential powers. He once commented that Roosevelt “ought more often to have admitted the legal way of reaching the same ends.” 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.]( Taft alienated many liberal Republicans who later formed the Progressive Party, by defending the Payne-Aldrich Act which unexpectedly continued high tariff rates. A trade agreement with Canada, which Taft pushed through Congress, would have pleased eastern advocates of a low tariff, but the Canadians rejected it. He further antagonized Progressives by upholding his Secretary of the Interior, accused of failing to carry out Roosevelt’s conservation policies. In the angry Progressive onslaught against him, little attention was paid to the fact that his administration initiated 80 antitrust suits and that Congress submitted to the states amendments for a Federal income tax and the direct election of Senators. A postal savings system was established, and the Interstate Commerce Commission was directed to set railroad rates. In 1912, when the Republicans renominated Taft, Roosevelt bolted the party to lead the Progressives, thus guaranteeing the election of Woodrow Wilson. Taft, free of the Presidency, served as Professor of Law at Yale until President Harding made him Chief Justice of the United States, a position he held until just before his death in 1930. To Taft, the appointment was his greatest honor; he wrote: “I don’t remember that I ever was President.” And it’s 𝐚𝐥𝐥 backed by the biggest companies in the world: Citigroup, Ford, MasterCard, Visa, and Coca-Cola. [Photo]( 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 During his few weeks as Vice President, Harry Truman scarcely saw President Franklin Roosevelt, and received no briefing on the development of the atomic bomb or the unfolding difficulties with Soviet Russia. Suddenly these and a host of other wartime problems became Truman’s to solve when, on April 12, 1945, he became America’s 33rd President. During his few weeks as Vice President, Harry S. Truman scarcely saw President Roosevelt, and received no briefing on the development of the atomic bomb or the unfolding difficulties with Soviet Russia. Suddenly these and a host of other wartime problems became Truman’s to solve when, on April 12, 1945, he became President. He told reporters, “I felt like the moon, the stars, and all the planets had fallen on me.” Truman was born in Lamar, Missouri, in 1884. He grew up in Independence, and for 12 years prospered as a Missouri farmer. He went to France during World War I as a captain in the Field Artillery. Returning, he married Elizabeth Virginia Wallace, and opened a haberdashery in Kansas City. Active in the Democratic Party, Truman was elected a judge of the Jackson County Court (an administrative position) in 1922. He became a Senator in 1934. During World War II he headed the Senate war investigating committee, checking into waste and corruption and saving perhaps as much as 15 billion dollars. As President, Truman made some of the most crucial decisions in history. Soon after V-E Day, the war against Japan had reached its final stage. An urgent plea to Japan to surrender was rejected. Truman, after consultations with his advisers, ordered atomic bombs dropped on cities devoted to war work. Two were Hiroshima and Nagasaki. Japanese surrender quickly followed. In June 1945 Truman witnessed the signing of the charter of the United Nations, hopefully established to preserve peace. Thus far, he had followed his predecessor’s policies, but he soon developed his own. He presented to Congress a 21-point program, proposing the expansion of Social Security, a full-employment program, a permanent Fair Employment Practices Act, and public housing and slum clearance. The program, Truman wrote, “symbolizes for me my assumption of the office of President in my own right.” It became known as the Fair Deal. Dangers and crises marked the foreign scene as Truman campaigned successfully in 1948. In foreign affairs he was already providing his most effective leadership. In 1947 as the Soviet Union pressured Turkey and, through guerrillas, threatened to take over Greece, he asked Congress to aid the two countries, enunciating the program that bears his name–the Truman Doctrine. The Marshall Plan, named for his Secretary of State, stimulated spectacular economic recovery in war-torn western Europe. When the Russians blockaded the western sectors of Berlin in 1948, Truman created a massive airlift to supply Berliners until the Russians backed down. Meanwhile, he was negotiating a military alliance to protect Western nations, the North Atlantic Treaty Organization, established in 1949. In June 1950, when the Communist government of North Korea attacked South Korea, Truman conferred promptly with his military advisers. There was, he wrote, “complete, almost unspoken acceptance on the part of everyone that whatever had to be done to meet this aggression had to be done. There was no suggestion from anyone that either the United Nations or the United States could back away from it.” A long, discouraging struggle ensued as U.N. forces held a line above the old boundary of South Korea. Truman kept the war a limited one, rather than risk a major conflict with China and perhaps Russia. Deciding not to run again, he retired to Independence; at age 88, he died December 26, 1972, after a stubborn fight for life. 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 the 19th President of the United States (1877-1881), Rutherford B. Hayes oversaw the end of Reconstruction, began the efforts that led to civil service reform, and attempted to reconcile the divisions left over from the Civil War. Beneficiary of the most fiercely disputed election in American history, Rutherford B. Hayes brought to the Executive Mansion dignity, honesty, and moderate reform. To the delight of the Woman’s Christian Temperance Union, Lucy Webb Hayes carried out her husband’s orders to banish wines and liquors from the White House. Born in Ohio in 1822, Hayes was educated at Kenyon College and Harvard Law School. After five years of law practice in Lower Sandusky, he moved to Cincinnati, where he flourished as a young Whig lawyer. He fought in the Civil War, was wounded in action, and rose to the rank of brevet major general. While he was still in the Army, Cincinnati Republicans ran him for the House of Representatives. He accepted the nomination, but would not campaign, explaining, “an officer fit for duty who at this crisis would abandon his post to electioneer… ought to be scalped.” Elected by a heavy majority, Hayes entered Congress in December 1865, troubled by the “Rebel influences … ruling the White House.” Between 1867 and 1876 he served three terms as Governor of Ohio. Safe liberalism, party loyalty, and a good war record made Hayes an acceptable Republican candidate in 1876. He opposed Governor Samuel J. Tilden of New York. Although a galaxy of famous Republican speakers, and even Mark Twain, stumped for Hayes, he expected the Democrats to win. When the first returns seemed to confirm this, Hayes went to bed, believing he had lost. But in New York, Republican National Chairman Zachariah Chandler, aware of a loophole, wired leaders to stand firm: “Hayes has 185 votes and is elected.” The popular vote apparently was 4,300,000 for Tilden to 4,036,000 for Hayes. Hayes’s election depended upon contested electoral votes in Louisiana, South Carolina, and Florida. If all the disputed electoral votes went to Hayes, he would win; a single one would elect Tilden. Months of uncertainty followed. In January 1877 Congress established an Electoral Commission to decide the dispute. The commission, made up of eight Republicans and seven Democrats, determined all the contests in favor of Hayes by eight to seven. The final electoral vote: 185 to 184. Northern Republicans had been promising southern Democrats at least one Cabinet post, Federal patronage, subsidies for internal improvements, and withdrawal of troops from Louisiana and South Carolina. Hayes insisted that his appointments must be made on merit, not political considerations. For his Cabinet he chose men of high caliber, but outraged many Republicans because one member was an ex-Confederate and another had bolted the party as a Liberal Republican in 1872. Hayes pledged protection of the rights of Negroes in the South, but at the same time advocated the restoration of “wise, honest, and peaceful local self-government.” This meant the withdrawal of troops. Hayes hoped such conciliatory policies would lead to the building of a “new Republican party” in the South, to which white businessmen and conservatives would rally. Many of the leaders of the new South did indeed favor Republican economic policies and approved of Hayes’s financial conservatism, but they faced annihilation at the polls if they were to join the party of Reconstruction. Hayes and his Republican successors were persistent in their efforts but could not win over the “solid South.” Hayes had announced in advance that he would serve only one term, and retired to Spiegel Grove, his home in Fremont, Ohio, in 1881. He died in 1893. 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. The first Democrat elected after the Civil War in 1885, our 22nd and 24th President Grover Cleveland was the only President to leave the White House and return for a second term four years later (1885-1889 and 1893-1897). The First Democrat elected after the Civil War, Grover Cleveland was the only President to leave the White House and return for a second term four years later. One of nine children of a Presbyterian minister, Cleveland was born in New Jersey in 1837. He was raised in upstate New York. As a lawyer in Buffalo, he became notable for his single-minded concentration upon whatever task faced him. At 44, he emerged into a political prominence that carried him to the White House in three years. Running as a reformer, he was elected Mayor of Buffalo in 1881, and later, Governor of New York. Cleveland won the Presidency with the combined support of Democrats and reform Republicans, the “Mugwumps,” who disliked the record of his opponent James G. Blaine of Maine. A bachelor, Cleveland was ill at ease at first with all the comforts of the White House. “I must go to dinner,” he wrote a friend, “but I wish it was to eat a pickled herring a Swiss cheese and a chop at Louis’ instead of the French stuff I shall find.” In June 1886 Cleveland married 21-year-old Frances Folsom; he was the only President married in the White House. Cleveland vigorously pursued a policy barring special favors to any economic group. Vetoing a bill to appropriate $10,000 to distribute seed grain among drought-stricken farmers in Texas, he wrote: “Federal aid in such cases encourages the expectation of paternal care on the part of the Government and weakens the sturdiness of our national character. . . . ” He also vetoed many private pension bills to Civil War veterans whose claims were fraudulent. When Congress, pressured by the Grand Army of the Republic, passed a bill granting pensions for disabilities not caused by military service, Cleveland vetoed it, too. He angered the railroads by ordering an investigation of western lands they held by Government grant. He forced them to return 81,000,000 acres. He also signed the Interstate Commerce Act, the first law attempting Federal regulation of the railroads. In December 1887 he called on Congress to reduce high protective tariffs. Told that he had given Republicans an effective issue for the campaign of 1888, he retorted, “What is the use of being elected or re-elected unless you stand for something?” But Cleveland was defeated in 1888; although he won a larger popular majority than the Republican candidate Benjamin Harrison, he received fewer electoral votes. Elected again in 1892, Cleveland faced an acute depression. He dealt directly with the Treasury crisis rather than with business failures, farm mortgage foreclosures, and unemployment. He obtained repeal of the mildly inflationary Sherman Silver Purchase Act and, with the aid of Wall Street, maintained the Treasury’s gold reserve. 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. 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. 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. 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. [logo]( You received this email as a result of your consent to receive 3rd party offers at our another website. Email sent by Finance and Investing Traffic, LLC, owner and operator of The Classy Investors. The Classy Investors, its managers, its employees, and assigns (collectively “The Company”) do not make any assurances about what is advertised above. To ensure you receive our emails to your inbox, be sure to [whitelist us.]( © 2022 The Classy Investors. All Rights Reserved. 16192 Coastal Hwy Lewes, DE 19958 USA. [.]( Thinking about unsubscribing? We hope not! But, if you must, the link is below. [Privacy Policy]( | [Terms & Conditions]( | [Unsubscribe]( As the 19th President of the United States (1877-1881), Rutherford B. Hayes oversaw the end of Reconstruction, began the efforts that led to civil service reform, and attempted to reconcile the divisions left over from the Civil War. Beneficiary of the most fiercely disputed election in American history, Rutherford B. Hayes brought to the Executive Mansion dignity, honesty, and moderate reform. To the delight of the Woman’s Christian Temperance Union, Lucy Webb Hayes carried out her husband’s orders to banish wines and liquors from the White House. Born in Ohio in 1822, Hayes was educated at Kenyon College and Harvard Law School. After five years of law practice in Lower Sandusky, he moved to Cincinnati, where he flourished as a young Whig lawyer. He fought in the Civil War, was wounded in action, and rose to the rank of brevet major general. While he was still in the Army, Cincinnati Republicans ran him for the House of Representatives. He accepted the nomination, but would not campaign, explaining, “an officer fit for duty who at this crisis would abandon his post to electioneer… ought to be scalped.” Elected by a heavy majority, Hayes entered Congress in December 1865, troubled by the “Rebel influences … ruling the White House.” Between 1867 and 1876 he served three terms as Governor of Ohio. Safe liberalism, party loyalty, and a good war record made Hayes an acceptable Republican candidate in 1876. He opposed Governor Samuel J. Tilden of New York. Although a galaxy of famous Republican speakers, and even Mark Twain, stumped for Hayes, he expected the Democrats to win. When the first returns seemed to confirm this, Hayes went to bed, believing he had lost. But in New York, Republican National Chairman Zachariah Chandler, aware of a loophole, wired leaders to stand firm: “Hayes has 185 votes and is elected.” The popular vote apparently was 4,300,000 for Tilden to 4,036,000 for Hayes. Hayes’s election depended upon contested electoral votes in Louisiana, South Carolina, and Florida. If all the disputed electoral votes went to Hayes, he would win; a single one would elect Tilden. Months of uncertainty followed. In January 1877 Congress established an Electoral Commission to decide the dispute. The commission, made up of eight Republicans and seven Democrats, determined all the contests in favor of Hayes by eight to seven. The final electoral vote: 185 to 184. Northern Republicans had been promising southern Democrats at least one Cabinet post, Federal patronage, subsidies for internal improvements, and withdrawal of troops from Louisiana and South Carolina. Hayes insisted that his appointments must be made on merit, not political considerations. For his Cabinet he chose men of high caliber, but outraged many Republicans because one member was an ex-Confederate and another had bolted the party as a Liberal Republican in 1872. Hayes pledged protection of the rights of Negroes in the South, but at the same time advocated the restoration of “wise, honest, and peaceful local self-government.” This meant the withdrawal of troops. Hayes hoped such conciliatory policies would lead to the building of a “new Republican party” in the South, to which white businessmen and conservatives would rally. Many of the leaders of the new South did indeed favor Republican economic policies and approved of Hayes’s financial conservatism, but they faced annihilation at the polls if they were to join the party of Reconstruction. Hayes and his Republican successors were persistent in their efforts but could not win over the “solid South.” Hayes had announced in advance that he would serve only one term, and retired to Spiegel Grove, his home in Fremont, Ohio, in 1881. He died in 1893. 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.