Andrew Jackson's "Bank War" Still Rages to this Day.

In this report I cover the early market activity from London on Friday, April 6th, 2018. I note how the Dow and S & P futures dropped sharply overnight after President Trump announced he is looking to impose $100 billion worth of tariffs on China. I note that the markets will be waiting for the U.S. jobs data later on in the day and that more volatility could result from the BLS's data.

In the second part of this report I look back in history at President Andrew Jackson and his fight against Nicholas Biddle and the Second Bank of the United States and how his veto to renew the its charter resulted in the United States not having a central bank from 1836 to 1913.

I note that President Trump has hung President Jackson's portrait back in the Oval Office and speculate whether he will renew the old fight against the what President Jackson called the "financial aristocracy".