Thomas Jefferson Quote - Interesting

[theAPAOps5]

I was looking for a quote by George Washington and just happened across this one by Thomas Jefferson:

"If the American people ever allow private banks to control the issue 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 property until their children will wake up homeless on the continent their fathers conquered."
—Thomas Jefferson, letter to Albert Gallatin, 1802


Man this just seems eerie with what is going on. While the Federal Reserve is quasi-govermental it does have many elements of a private bank.

Just something I thought I would post. Go easy on me its my first WRP thread, I think.

[Hotrod]

Nice find.

It almost sounds like he was seeing the future.

See my Siggy for my favorite TJ quote

[Dudeskey]

Another one I once used as my sig....

"I believe that banking institutions are more dangerous to our liberties than standing armies"

Amazing how much of this is like Hotrod described- like seeing in the future... prophetic almost...™

[Rohirrim]

Maybe Ron Paul's gold standard idea is right, although I don't understand how it could work. I mean, there's only so much gold.

[Hotrod]

Maybe Ron Paul's gold standard idea is right, although I don't understand how it could work. I mean, there's only so much gold.

I agree it would be impossible. I think it was TheDave that had a thread showing how it would take more then all the gold in the world to back our current $

[alkemical]

Maybe Ron Paul's gold standard idea is right, although I don't understand how it could work. I mean, there's only so much gold.

I guess it would man, a penny would buy a lot more than it does today. You know what i mean?

[alkemical]

Why is it...that we are faced with such an impending loss of what we had - do we then only truly realize what we had...and what we have lost?

[baja]

I was looking for a quote by George Washington and just happened across this one by Thomas Jefferson:




Man this just seems eerie with what is going on. While the Federal Reserve is quasi-govermental it does have many elements of a private bank.

Just something I thought I would post. Go easy on me its my first WRP thread, I think.

You would enjoy reading Ron Paul.

[baja]

I agree it would be impossible. I think it was TheDave that had a thread showing how it would take more then all the gold in the world to back our current $

That is such a stupid argument you can set the value of gold at anything.

Say an ounce of gold is worth 32 billion dollars would there be enough gold then. It's about pegging the value to something that is consistent and measurable and sticking with it and besides Ron Paul's plan accounts for that. It's about eliminating the temptation to freely print money out of thin air which is the root problem.

[Dudeskey]

I guess it would man, a penny would buy a lot more than it does today. You know what i mean?

That would take crazy deflation to make it work wouldn't it?

[W*GS]

Be cautious:

http://en.wikiquote.org/wiki/Thomas_Jefferson

Disputed

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.
This is cited as from a letter to Secretary of the Treasury Albert Gallatin (1802) in Flight to Financial Freedom - Fasten Your Finances (2007) by Nathan A. Martin, and earlier appears in How to Take Advantage of the People Who Are Trying to Take Advantage of You (2006) by Joseph Stephen Breese Morse, p. 51. It appears to be a concoction of some actual statements by Jefferson, and others that may not be. It has not yet been found to appear earlier in precisely this form.
Variant: I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
This is an earlier variant which contains a portion of the above statement and appears in Life Work of Thomas L. Nugent (1896) compiled by Catharine Nugent. Both of these expressions appear to mix a well documented statement that is to be found in Jefferson's published letters, and poorly documented ones which do not. The only portions of them thus far definitely sourced to Jefferson occur in a letter to John Taylor (28 May 1816) [ME 15:23]: "I sincerely believe, with you, that banking establishments are more dangerous than standing armies." This is quoted more extensively in the sourced section.

[theAPAOps5]

Thanks W*gs I didn't check it just posted it.

[baja]

This was one of Ron Paul's platform issues - Dissolve the Fed. Necessary? Absolutely.

Lovely idea for sure, thing is nothing short of a complete collapse of the financial system will ever allow that to happen. We are are close to that today.

[Garcia Bronco]

I was looking for a quote by George Washington and just happened across this one by Thomas Jefferson:




Man this just seems eerie with what is going on. While the Federal Reserve is quasi-govermental it does have many elements of a private bank.

Just something I thought I would post. Go easy on me its my first WRP thread, I think.

Jefferson was very much against a national bank. Like the one proposed by Alexander Hamilton during Washington's administration. That Bank failed. So did the second one.

[Garcia Bronco]

This was one of Ron Paul's platform issues - Dissolve the Fed. Necessary? Absolutely.

Lovely idea for sure, thing is nothing short of a complete collapse of the financial system will ever allow that to happen. We are are close to that today.

Exactly. It's the control-alt-delete button. And we can move back to Gold in the process.

[Rohirrim]

Why is it...that we are faced with such an impending loss of what we had - do we then only truly realize what we had...and what we have lost?

Well, Yeah, thunder only happens when it's raining
Players only love you when they're playing
Yeah, women they will come and they will go
When the rain washes you clean you'll know, you'll know

[snowspot66]

A lot of the best thinkers of those days are credited with quotes that hit home like that. They knew what was going to happen centuries before it did. It's a shame none of that is taught in school and nobody listens to it.

[Garcia Bronco]

A lot of the best thinkers of those days are credited with quotes that hit home like that. They knew what was going to happen centuries before it did. It's a shame none of that is taught in school and nobody listens to it.

Speak for yourself.

[baja]

Speak for yourself.


But you.............................. Nah, never mind

[watermock]

We dont need the gold standard. Capitalism is $=commodties, oil/foodfor tv's ect.

$ has the ability to multiply itself endlessly .

Capitalization w/taxation is still the best answer.

[alkemical]

Speak for yourself.

haha! that's funny...

[Traveler]

Well, Yeah, thunder only happens when it's raining
Players only love you when they're playing
Yeah, women they will come and they will go
When the rain washes you clean you'll know, you'll know

I know that song. Just can't remember who sings it.

[Rohirrim]

I know that song. Just can't remember who sings it.

Fleetwood Mac :wiggle:

[Spider]

I know that song. Just can't remember who sings it.

Stevie Nicks / Fleetwod Mac