Thomas Jefferson's
Warning To America
5-21-5
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
* Letter to the Secretary of the Treasury Albert Gallatin (1802) and later published in The Debate Over The Recharter Of The Bank Bill (1809)Thomas Jefferson's
Warning To America
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1 comment:
So let's see... Federal Reserve ( a private bank ) controls all money. Every bank underneath it has to follow its rules. How much of our lives are controlled by interest rates? Buy a house, buy a car, use a credit card and you will be exposed to the most obvious interest rates. Then you have the news reports of how well the economy is doing based on how Alan Greenspan sets the prime rate. The cost of basic living needs continues to rise (inflation) and when the bubble bursts on certain commodities (as the real estate world is about to do,) that is deflation. Meanwhile you can investigate a corporation and find that it is actually owned by another corporation who owns a few other corporations. The have taken away so much, and when they go too far, our natural human instinct will rise to the occasion.
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