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Wednesday, January 28, 2009

Quote Of The Day

"If the American People ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property, until their children will wake up homeless on the continent their fathers occupied. The issuing of money should be taken from all banks and restored to Congress and the People to Whom it belongs!”

Thomas Jefferson

2 Comments:

  • At 6:38 PM, Anonymous Chris said…

    What an amazing quote. Here it comes... the inflation... then deflation...

     
  • At 3:09 PM, Anonymous Anonymous said…

    Inflation wasn't in the original quote.

    I sincerely believe … that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

    ATTRIBUTION: Thomas Jefferson (1743–1826), U.S. president. Letter, May 28, 1816, to political philosopher and senator John Taylor, whose book An Inquiry into the Principles and Policy of the Government of the United States (1814) had argued against the harmful effects of finance capitalism.
    BIOGRAPHY: Columbia Encyclopedia.

    Direct link: http://www.bartleby.com/66/29/30729.html

     

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