Jefferson: banking institutions dangerous to our liberties

Discussion in 'Economy' started by rdean, Jan 10, 2011.

  1. rdean
    Offline

    rdean rddean

    Joined:
    Aug 9, 2009
    Messages:
    60,111
    Thanks Received:
    6,895
    Trophy Points:
    1,840
    Location:
    chicago
    Ratings:
    +14,968
    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..”

    Isn't that about where we are today?
     
    • Thank You! Thank You! x 4
  2. rdean
    Offline

    rdean rddean

    Joined:
    Aug 9, 2009
    Messages:
    60,111
    Thanks Received:
    6,895
    Trophy Points:
    1,840
    Location:
    chicago
    Ratings:
    +14,968
    Right wingers think Jefferson was a conservative.
     
  3. MajinLink
    Offline

    MajinLink Member

    Joined:
    Nov 15, 2010
    Messages:
    145
    Thanks Received:
    17
    Trophy Points:
    16
    Ratings:
    +17
    I agree with Jefferson. Private companies need to get their roots out of government
     
  4. Mad Scientist
    Offline

    Mad Scientist Deplorable Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    23,940
    Thanks Received:
    5,212
    Trophy Points:
    270
    Ratings:
    +7,683
    Been watching Zeitgeist have ya? Or did you read "It Came From Jekyll Island"?

    Either way, this is the first time I actually agree with you. Repped.
     
    • Thank You! Thank You! x 1
  5. Ragnar
    Offline

    Ragnar <--- Pic is not me

    Joined:
    Jan 23, 2010
    Messages:
    3,271
    Thanks Received:
    800
    Trophy Points:
    153
    Location:
    Cincinnati, OH
    Ratings:
    +843
  6. william the wie
    Offline

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    7,293
    Thanks Received:
    675
    Trophy Points:
    175
    Ratings:
    +1,608
    Certainly TJ was right about fractional reserve banks.
     
  7. rdean
    Offline

    rdean rddean

    Joined:
    Aug 9, 2009
    Messages:
    60,111
    Thanks Received:
    6,895
    Trophy Points:
    1,840
    Location:
    chicago
    Ratings:
    +14,968
  8. Revere
    Offline

    Revere BANNED

    Joined:
    Jan 23, 2010
    Messages:
    7,427
    Thanks Received:
    415
    Trophy Points:
    0
    Location:
    Watching you in my profile page
    Ratings:
    +415
    Banks were doing fine until government co-opted them for social engineering, for instance, forcing them to make home loans to borrowers who could not pay them back.
     
  9. loosecannon
    Offline

    loosecannon Senior Member

    Joined:
    May 7, 2007
    Messages:
    4,888
    Thanks Received:
    263
    Trophy Points:
    48
    Ratings:
    +264
    private banks. IMO.
     
  10. loosecannon
    Offline

    loosecannon Senior Member

    Joined:
    May 7, 2007
    Messages:
    4,888
    Thanks Received:
    263
    Trophy Points:
    48
    Ratings:
    +264
    it's a fine myth. Our banking system relies on ever expanding debt as it's solvency mechanism. You have cart/horse displacement syndrome.
     

Share This Page