Wednesday, October 08, 2008
Those who forget history...
Before 1933...
After 1933...
“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.”
"Banking was conceived in iniquity and born in sin. Bankers own the earth; take it away from them but leave them with the power to create credit; and, with a flick of a pen, they will create enough money to buy it back again. Take this power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this world would be a happier and better world to live in. But if you want to be slaves of bankers and pay the cost of your own slavery, then let the bankers control money and control credit."
After 1933...
“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)
Letter to the Secretary of the Treasury Albert Gallatin (1802)
"Banking was conceived in iniquity and born in sin. Bankers own the earth; take it away from them but leave them with the power to create credit; and, with a flick of a pen, they will create enough money to buy it back again. Take this power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this world would be a happier and better world to live in. But if you want to be slaves of bankers and pay the cost of your own slavery, then let the bankers control money and control credit."
Sir Josiah Stamp
Director, Bank of England, c. 1940
Director, Bank of England, c. 1940
2 Comments:
How true is this now?
"The rich rules over the poor, and the borrower is servant to the lender." Proverbs 22:7 (NKJV)
Everyone that for the bail out and thinks that having the govn't buy their mortgage, or pay their school tuition, or whatever, becomes their slave, their whipping boy, and ultimately begins to have a complete entitlement mentality. The things that Obama said last night about teachers having to "tighten their belts" while those that made more money were "living high on the hog" and it wasn't fair and the govn't needed to balance things almost made me puke, then I got really scared.
Be afraid, be very afraid. I find it ironic that everyone is all of a sudden listening to Ron Paul on the financial crisis issues.
APX
JD
That's also probably why Franklin looks a bit perturbed in the post-33 bill.
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