I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs. ~Thomas Jefferson
If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their
children will wake up homeless on the continent their fathers conquered. ~Thomas Jefferson
The system of banking [is] a blot left in all our Constitutions, which, if not covered, will end in their destruction... I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity ... is but swindling futurity on a large scale. ~Thomas Jefferson
The central bank is an institution of the most deadly hostility existing against the principles and form of our Constitution. I am an enemy to all banks discounting bills or notes for anything but coin. If the American people allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered ~ Thomas Jefferson"I hope we shall crush in its birth the aristocracy of our moneyed corporations which dare already to challenge our government to a trial of strength and bid defiance to the laws our country". ~ Thomas Jefferson, letter to George Logan, Nov. 12th, 1816.
1 comment:
I just read an article about credit cards being considered the new monetary standards for countries, not only in the U.S. but worldwide. Personal debt may become the new judging standard on how good an economy is for a country. Add those cards to the mortgage situation and banks, not governments, really own the world and determine the world's economy. Too bad the average citizen has little voting power with financial institutions, especially now that they use less actual business and more diverse investments in other companies to generate their revenues.
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