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View Full Version : Thomas Jefferson has a plan to bail us out, check what he says...



stang56k
09-26-2008, 08:03 PM
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, 1802

stang56k
09-29-2008, 12:24 PM
bump

Little-Acorn
09-29-2008, 12:46 PM
So his advice on how to bail us out of the present crisis, is not to get into it in the first place?

While I heartily agree with him on general principles, he forgot to include instructions on how to turn the clock back, to actually implement his suggestion.

Advice, please.....??

stang56k
09-29-2008, 09:22 PM
We need to go back to free market principles. Creating money to put the walking dead on life support does nothing for our economy except inflate the the massive bubbles even further. Its a temporary band aid for a profusely bleeding laceration. These bankers, investors, and politicians have scared people into thinking this is the only option.