Thursday, February 25, 2016

Thomas Jefferson On Banking, 1802 : Nothing New Under the Sun

Thomas Jefferson said in 1802: 
  
"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." 

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