Thursday, October 9, 2008

"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 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."Thomas JeffersonLetter to the Secretary of the Treasury Albert Gallatin (1802)

1 comment:

Sharon said...

So very scary. I guess with the whole buyout thing I have heard that the government is talking about having a stake in the banks now and not letting them be completely privately owned. I don't know enough about it to know if that is a good thing or a bad thing!