Author Topic: Thomas Jefferson quotes (Read 1054 times)

Matthew · « **on:** April 01, 2009, 11:10:55 AM »

Thomas Jefferson warned of the damage that would be caused if the people assigned control of the money supply to the banking sector, "I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance. This issuing power should be taken from the banks and restored to the people to whom it properly belongs. If the American people ever allow private banks to control the issue of currency, first by inflation, 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 conquered. I hope we shall crush in its birth the aristocracy of the moneyed corporations which already dare to challenge our Government to a trial of strength and bid defiance to the laws of our country"

Thomas Jefferson, 1791

Alex_The_Lion · « **Reply #1 on:** April 02, 2009, 05:59:27 PM »

Even back then there was inflation. (WoW)

gladius_veritatis · « **Reply #2 on:** April 02, 2009, 07:16:52 PM »

Any time you have a money supply that can be counterfeited in some manner, there CAN be inflation.

gladius_veritatis · « **Reply #3 on:** April 02, 2009, 07:18:01 PM »

For counterfeiting, you may also insert "expanded out of proportion with an increase in real goods/wealth."

trad123 · « **Reply #4 on:** April 02, 2009, 09:52:16 PM »

Quote

Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its "Duncan Initiative" received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States.

trad123 · « **Reply #5 on:** April 02, 2009, 09:53:58 PM »

Wow, I forgot to check the URL was typed properly, here it is:

http://www.guba.com/watch/2000942683