October 04, 2023
"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 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.”
"I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.”
Thomas Jefferson
Jefferson stopped Hamilton from implementing what we have now. Aaron Burr aided in that (in the most direct manner possible). Hamilton still wound up getting his Bank of the United States.
We owe a debt of gratitude to Andrew Jackson for killing that monster. But then, they went right ahead and remade it with the Federal Reserve.
Now look at where we are at! Central banks are evil because they consolidate the power to tax and spend (and inflation is but a tax) into one agency outside of the control of the politic al process - thus shielding the politicians - and at the same time it is run b y people who are deep inside the power block and thus work for the wealth and power of the Deep State over the public good.
I would point to Nicholas Biddle, who tried to crash the economy so as to get Jackson to lose his re-election bid. Biddle raised interest rates and triggered inflation to wrecked he recovery under Jackson.
Central banks are solely at the service of those with wealth and power.
Posted by: Timothy Birdnow at
11:21 AM
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Posted by: Lucie at October 05, 2023 04:47 AM (P9OTT)
Posted by: Timothy Birdnow at October 05, 2023 07:25 AM (5FLm9)
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