Jefferson said, “If the American people ever allow private banks to control the issue 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 property until their children wake up homeless on the continent their fathers conquered.”
Wow! Did he nail it? nearly 150 years before the creation of the Federal Reserve Bank, he foretold its creation and the disasterous consequences.
Fortunately, I can subordinate my feelings on the slavery thing and give the man my highest accolades for his prescience; sort of like appreciating a fine cognac from a broken teacup.
Note the part about "deprive the people of all property until their children wake up homeless.."
The Fed is busy issuing "money" Trillions of dollars in Federal Reserve notes which we, our children and grandchildren will have to pay back, along with Billion in interest, (hmmm isn't it odd that one part of the Federal Government could legally bind another part to pay it interest?) as well as scoffing up other assets, like the two prime divisions of AIG it just picked up, while 1 in 50 children are homeless and tent cities of the homeless are growing more plentiful every day.
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George Washington also stated in a letter to James Madison ~ "No generation has a right to contract debts greater than can be paid off during the course of it's own existence"
It seems that debt has now become a way of life in America. My mother always told me to count my pennies and the dollars would take care of themselves.
I've had several yard sales over the years and it always amazed me the things that people would load into a beat-up old car with bald tires. Too many people putting their wants before their needs.
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