Monday, December 01, 2008

quote of the day

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.

-- Thomas Jefferson 1802


Steven said...

Oh, Mr. Jefferson...'If' indeed!

Envoy-ette said...

My sister was telling me about the open "escrow account" people were using like check books. When their homes lost their value from the market slump-the banks pulled back the value of the escrow (making many people OWE) and then kept their paychecks that were deposited monthly and didn't give them access to the money they earned.
If you control the money - you control the person.