Historian Murray Rothbard wrote of the Bank of US in his book Panic of 1819:
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Beginning in the summer of 1818, the Bank precipitated the Panic of 1819 by a series of deflationary moves. The branches of the Bank were ordered to call on the state banks to redeem heavy balances and notes held by the Bank. ...The severe monetary contraction, lasting through 1820, led to a wave of bankruptcies throughout the country". Mr. Rothbard noted a speech in the Congress by Senator Ninian Edwards concerning a bill proposed in the Congress for the relief of debtors:

The debtors, like the rest of the country, had been infatuated by the short-lived, "artificial and fictitious prosperity." They thought that the prosperity would be permanent. Lured by the cheap money of the banks, people were tempted to engage in a "multitude of the wildest projects and most visionary speculations," as in the case of the Mississippi and South Sea bubbles of previous centuries.

…The Bank of the United States foreclosed more than fifty thousand acres of farmland in Ohio and Kentucky alone.
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The "Cosmopolitan Financiers" have been doing this for millenia, filching wealth out of wherever and whatever they please. Nothing new here…