Banks and Thomas Jefferson

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.

Thomas Jefferson

As usual, he hit the nail square on the head.

Comments

There are two quick 'fixes' for our money problems, and....

getting the world back on track, but the politicians can't face it, maybe because of the 'bribes'. The first is to restore the "Glass-Steagall" act, which pretty much kept this country on the right rack from the early 1930s until late in the 1990s. That committee spent a lot of time studying the 'risk' adventures of the big investment houses. So none of these 'tricks' used by Goldman-Sachs, Lehman Bros, etc. is anything new. They recognized that there has to be separation between a federally insured bank and the banks run by gambling and crooksters in the investment world. The other item would be a rollback of the Bush Tax cuts, which hugely favored the wealthy classes. If we all remember at the end of the Clinton administration, the government was talking about the paydown on the national debt due to the expected continuation of surplus revenues. Yeah, how soon we forget!