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AMERICA~LAND OF THE FREE~: THOMAS JEFFERSON WARNED US ABOUT THE POWER OF BANKS IN 1815

AMERICA~LAND OF THE FREE~

MY RANTINGS AND RAVINGS ABOUT MY COUNTRY & OTHER THINGS GOING ON IN THE WORLD TODAY. ENJOY AND FEEL FREE TO COMMENT,OPEN TO THE PUBLIC, BUT IF YOU LEAVE BS IT WILL BE DELETED. THANKS FOR READING & LOOKING & HAVE A GREAT DAY! BLESS YOU ALWAYS.

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Wednesday, April 22, 2009

THOMAS JEFFERSON WARNED US ABOUT THE POWER OF BANKS IN 1815



"If the American people ever allow private 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 their property until their children will wake up homeless on the continent their fathers conquered. The issuing power of money should be taken from banks and restored to Congress and the people to whom it belongs. I sincerely believe the banking institutions having the issuing power of money, are more dangerous to liberty than standing armies."
-Thomas Jefferson, Letter to James Monroe, January 1, 1815

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