Wednesday, September 24th, 2008...4:25 pm

Will Bush Quote Franklin Tonight?

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“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, Letter to the Secretary of the Treasury Albert Gallatin (1802)

 

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me_and_franklin

More on this topic (What's this?)
Jeremy Grantham: Deflation Wins (Expected Returns, 7/20/10)
Marc Faber: Massive Inflation and then War (Expected Returns, 7/14/10)
Deflation Requires New Strategy for Investors (The Globe and Mail) (The Contrary Investing Report, 7/19/10)
Read more on Deflation, Currency, Banking at Wikinvest

Comments

Filed under Tick Talk

  • No mention of returning control to the citizens. And that's no surprise. Here is what we witnessed: In financial markets, they call it "verbal intervention." In the press, they call it "spinning." In Washington, politicians will glut themselves on $700B of porky pet projects. In American homes, citizen will experience unprecedented taxation.

    This is how it works: http://www.ticktalklive.com/2008/09/07/freddie-...
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