PETER SCHIFF

PETER SCHIFF

Wednesday, June 3, 2009

The Banking system and Thomas Jefferson


I wanted to share with you this quote from Thomas Jefferson about the banking system and its dangers :
"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

2 comments:

  1. Could not be said better. RMJA

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  2. Jefferson also said, "One man with courage is a majority," and "When you find yourself at the end of your rope, tie a knot in it, and hang on."

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