Jim's Blog

Thoughts and Happenings

Thomas Jefferson – The Prophet

Posted by Jim Rector on February 19, 2009

In light of the present financial crisis, it’s interesting to read what 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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