Thomas Jefferson on Banking Institutions

[waiting for hope]

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 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)
3rd president of US (1743 - 1826)

Quote Detail

He would be weeping.

[balantz]

1. K&R

That quote alone should tell us all how much we are in trouble here with this disgusting, big banker bailout.

Thomas Jefferson's words are precise instructions on how we should go forth.

[earth mom]

2. So sad what America has become...

:cry:

[bean fidhleir]

3. That seems to be an apocryphal quote

I can't find it in the canon at U/Va.

[waiting for hope]

4. Delete

[bean fidhleir]

8. I can't find the quoted text in either the transcript or the images

Could you point it out?

[waiting for hope]

10. Wrong one - sorry!

[bean fidhleir]

9. .

hiccup deleted

[The2ndWheel]

5. "on the continent their fathers conquered"

Yeah, well, I'm sure the people that were living here before they were conquered by those fathers said basically the same thing. Things change I guess. Good time to remember that this problem isn't just from the last 8 years, or the last 28 years, or even the last 200 years.

[GaYellowDawg]

6. "He would be weeping." No, he wouldn't.

He'd be out there kicking some ass. Jefferson never took time to be weepy. If he saw something he didn't like, he took action. He would definitely be mightily pissed, but weepy? Please.

[chimpymustgo]

14. Shame we have so few now who will kick ass for RIGHT.

[ITsec]

7. Thomas Jefferson penned what to do in cases like this...

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

[iris5426]

11. As well we should...

If only we could organize a real revolution! "People should not fear their government, governments should fear their people!"

[waiting for hope]

13. That was one of the best movie

quotes in the history of movies - Vive La Vendetta!

[balantz]

12. Kick for T.J.