Wednesday, July 21, 2010

Quote by Thomas Jefferson


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 where it properly belongs.

- Thomas Jefferson, 1802



This is so true of our world today. Nowadays, only the politicians and bankers have control of the currencies. The population is at the mercy of these people. I believe every country will end up this way. It is only logical: Print money --> middle class (and the poor) loses purchasing power and wealth --> Demise of the middle class --> chaos. It has been happening in the US since 1913 when the Fed was first created. Here're some statistics:

http://www.businessinsider.com/22-statistics-that-prove-the-middle-class-is-being-systematically-wiped-out-of-existence-in-america-2010-7#83-percent-of-all-us-stocks-are-in-the-hands-of-1-percent-of-the-people-1 

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