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Forum Post: I believe that banking institutions are more dangerous to our liberties than standing armies. , the banks and corporations... will deprive the people of all property until their children wake-up homeless on the continent ...-JEFFERS

Posted 12 years ago on Nov. 13, 2011, 2:30 p.m. EST by FedWallFedWellFedUP (183)
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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, (Attributed) 3rd president of US (1743 - 1826)

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3 Comments


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[-] 1 points by unorganizedmob (6) 12 years ago

A Financial Bill of Rights could remove the unfair advantage that the banks currently possess. It is more crucial than ever that the people of The United States monitor and oppose any oppressive banking legislation. We all have the ability to regain control of our political and financial destinies.

http://www.financialfairness.org Twitter: @FinanciallyFair Facebook: http://www.facebook.com/pages/Financial-Fairness-Organization/108469342600150

[-] 1 points by invient (360) 12 years ago

Oh come on, you are pointing to a fringe founding father... he clearly did not have as much influence as the others on the founding documents...

Stop poking holes into my selective adherence to the founding fathers!!!

[-] 0 points by TIOUAISE (2526) 12 years ago

Franklin D. Roosevelt, in an April 29, 1938 message to Congress, warned that the growth of private power could lead to fascism: [T]he liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism—ownership of government by an individual, by a group, or by any other controlling private power. [...] Statistics of the Bureau of Internal Revenue reveal the following amazing figures for 1935: "Ownership of corporate assets: Of all corporations reporting from every part of the Nation, one-tenth of 1 percent of them owned 52 percent of the assets of all of them."