February 20, 2009

Thomas Jefferson's Prophecy

There's been some talk on radio talk shows how there might be some truth to Thomas Jefferson's prophecy of 1802:

“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.