Thomas Jefferson - Banks are dangerous


	Thomas Jefferson - Banks are dangerous

deezplace

5-8-2008 7:45 AM

167 views

tags:

freedom, banking, slavery

deezplace says:

Freedom, Banking, Slavery .. it would seem we are in a rut...

1 Comment |

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5-8-2008 12:35 PM

AcesLucky

How very insightful. Even today this makes perfectly good sense. The "Federal Reserve Bank" is a private company. And yet they alone have the power to print money at will.

It should belong to the people, not to private enterprise.

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<DT>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.</DT>
<DD class="author"><B><A href="http://www.quotationspage.com/quotes/Thomas_Jefferson/">Thomas Jefferson</A></B>, <I>Letter to the Secretary of the Treasury Albert Gallatin (1802)</I><BR /><I>3rd president of US  (1743 - 1826)</I></DD>
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