As long as you’re still functional, you’re still in phase two, or “regular use”, transitioning into

ABUSE

totally in control

The years are 1824 to 1872, with the U.S.

totally in control

as well. Remember, that second central bank expires in 1836, again not to be renewed. Andrew Jackson was elected president and he really, really hated the central bank idea. Something about corruption, speculation, foreign powers profiting off domestic turmoil, a bunch of antiquated ideas like that.

good ol’ andrew, not as fancy as ben, not quite as sad as a dusty george

This time though we didn’t get war a year later, rather a financial crisis in the form of the

Panic of 1837

There were a lot of contributing factors including Jackson’s own well-intentioned but shortsighted idea to require federal payments to be made in gold and silver.

But the Bank of England holding the world’s reserve currency and expanding credit freely for the two years previous before raising rates, tightening global credit markets, probably had just a little bit to do with the crash as well.

ah the old boom and bust cycle, totally natural

 

Totally.