Wednesday, October 01, 2008

Jefferson Posthumously Weighs In On Economy

"If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered." ~Thomas Jefferson

FACT: The Federal Reserve is a privately run and privately owned bank, and is just as federal as Federal Express.

FACT: The Constitution states: "The Congress shall have power to... coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;"

FACT: Nowhere does it state that Congress may pass off this power to a separate entity; I guess now we know why.

3 comments:

Stephen Boyd said...

Very interesting!
I wonder, have you ever seen Freedom to Fascism, by Aaron Russo?

It's got some conspiracy theory flavor to it but has some good points. I had no idea that the Federal Reserve was such a secret organization.

Son3 said...

Yes, I have seen it! I found it VERY infortmative.

Did you know Aaron Russo died a couple of years ago?

Stephen Boyd said...

Yes I heard that! It's really a shame.

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