Monday, September 22, 2008

Financial System Collapse

Incase you've recently emerged from the rock under which you were living, we found it appropriate to inform you that what you have just witnessed over the past few days here in the debt-ridden United States of America is the final wheezing breath of the financial system as we knew it. There is only one thing to consider as we await a hastily designed bail-out plan that will likely place us in a poverty very few of us have known or understand.

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, Letter to the Secretary of the Treasury Albert Gallatin (1802)
3rd president of US (1743 - 1826)

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