Jefferson Warned Us To Beware Of The Power Of Banks...

in #money7 years ago

Our founding Fathers looked through history to see where mistakes were made and gave us the foundation for a country that was the greatest place ever conceived by man. When you look at the big picture if we had stuck to our founding principles and the constitution we wouldn't be in the mess we are today. The Federal Reserve is unconstitutional no matter how many so called journalists , economists or pundits try to say it isn't. Congress is supposed to issue our currency not a private banking institution. The Founders made this pretty clear in the Federalist Papers. Andrew Jackson's campaign slogan was NO BANKS. I don't think it takes a rocket scientist to figure out that Google controls the algorithms and what people see. 5 or 6 years ago a copy of the Federalist Papers were available now that has been replaced with pro-deficit spending opinions. This may not be a verbatim quote but it is the gist of what he said no matter how much Snopes says it isn't true. They twist it and say Jefferson showed mistrust and disdain for private banking institutions but he didn't say this. The millions of people who lost their homes, jobs and retirements would have a thing or two to say about the truth of this quote.

“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 them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered. I believe private banking institutions are more dangerous to liberty than standing armies"

It doesn't really matter who said it, it is true. If our currency said US Treasury Note vs Federal Reserve Note it would be debt free money. I've seen a few arguments saying that we need to look at the benefits. A Globalist has tried to argue what is happening is happening because we are at the end of our currency cycle. Well 1929 was in stage 1 of our currency cycle and millions still lost everything and we were plunged into what history has called "The Great Depression" 40% of Farms went up for sale and our people really suffered however they banned together for the most part and started over again. Our legislators got together and implemented The Glass Steagall Act to make sure it never happened again.

The Clinton administration repealed it with bipartisan support. Dodd-Frank didn't stop the "Too Big to Fail" scenario it exacerbated it. Upon its implementation 60% of Americans no longer qualified for a mortgage. An average of a small bank or credit union has closed a day. This has made the big banks bigger and squelched smaller competition like the rest of the regulations of late do .Basically it regulated us not the banks. These people believe in corporate installed Oligarchies over nation-state governments. Ask yourself this why did the biggest most powerful corporations get even bigger and more profitable while small business failed? Please stop listening to the MSM! Remember NAFTA would create millions of jobs! In 2007 the housing market is just fine keep investing! You can keep your doctor keep your plan and the average family will save $2,500 a year! The CBO said so remember? All the past four administrations have done is sell us what the establishment is selling. We've been duped and we all know we've been duped so why would you listen to them now? How this goes on Main St is up to us. From my understanding it will start in a very noticeable fashion to the masses when our debt clock hit 20 trillion. This video of Soros will explain how the elites can start panicked sell off which will happen when America hits our debt ceiling this time. We are technically bankrupt with our debt being past GDP. www.usdebtclock.org

Sort:  

Banks have way too much power but it isn't with the shareholders but rather the bankers. Bank shareholders are like hostages.

Congratulations @abigailtipton! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!