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6 Bumps

Thomas Jefferson Quote

"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 them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Agree or disagree

 
mrssundin

Asked by mrssundin at 4:17 PM on Apr. 27, 2011 in Politics & Current Events

Level 19 (6,722 Credits)
This question is closed.
Answers (8)
  • I agree. Even Andrew Jackson had an issue with the 'national' bank. I don't understand why the gov't pays the Fed to print money. Why don't we print our own. The Fed is made up of several banks. It is a quasi-gov't bank kind of like Freddie and Fannie. They charge the gov't to print the money. They control the flow of currency. Why? Why have the citizenry allowed this to happen? 


    http://www.lexrex.com/enlightened/writings/bank/jackson.htm


    http://www.factcheck.org/askfactcheck/who_owns_the_federal_reserve_bank.html

    jesse123456

    Answer by jesse123456 at 9:42 PM on Apr. 27, 2011

  • Applicable to the FR too-
    I agree- Greed will be the downfall.
    Sisteract

    Answer by Sisteract at 7:21 PM on Apr. 27, 2011

  • I do agree, but just know that this quote in its entirety is undocumented (but I've seen it around a lot). I'm pretty sure the "I believe that banking institutions are more dangerous to our liberties than standing armies" or something very similar was in a letter Jefferson wrote, but I'm not sure about all the other lines without looking into it more. I just remember reading that parts of the quote don't have a known source. But, I do agree with the sentiment about greed and how much power the banks have now, and I believe that at least parts of the quote are genuine or very similar to Jefferson's writings.
    pam19

    Answer by pam19 at 9:48 PM on Apr. 27, 2011

  • Totally agree
    amazinggrace83

    Answer by amazinggrace83 at 4:19 PM on Apr. 27, 2011

  • AGREE
    virginiamama71

    Answer by virginiamama71 at 4:19 PM on Apr. 27, 2011

  • http://www.youtube.com/watch?v=ZPWH5TlbloU&feature=youtu.be

    please take the time to watch this video yes its a cartoon but it explains every thing that has been happening to our country and why it is failing.
    mrssundin

    Comment by mrssundin (original poster) at 4:24 PM on Apr. 27, 2011

  • Hmmm
    itsmesteph11

    Answer by itsmesteph11 at 8:11 PM on Apr. 27, 2011

  • totally agree, greedy basterds!
    dellamae

    Answer by dellamae at 9:40 PM on Apr. 27, 2011