Tuesday, April 7, 2009

Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin 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. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin 1802

3 comments:

David Thompson said...

I think he was right and now we are there.

Anonymous said...

for the first time in my life I became homeless. I lost my home could not resell it because of the 50% drop in home prices. I had to live with a friend for 8 months till I was able to get my own place and i am still having a hard time. I used to make over 100,000 a year and now I am barely getting bye. The banks put so many people in the market for homes the prices were inflated. I needed a tax shelter to pay the feds so I bought a house. i have nothing now but I guess I am supposed to be content cause I have a roof. Very angry at the federal banking system they are MOBSTERS WITH IMMUNITY. America we were fleeced by forigne banks!

Jeanine said...

I am researching this often used quote more. http://www.rense.com/general85/phony.htm
http://app.libraryofliberty.org/?option=com_staticxt&staticfile=show.php%3Ftitle=757&chapter=87373&layout=html&Itemid=27