Thursday, October 30, 2008

Thomas Jefferson's views on the banking system


"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs." -- Thomas Jefferson (1743-1826), US Founding Father, drafted the Declaration of Independence, 3rd US President

"The system of banking [is] a blot left in all our Constitutions, which, if not covered, will end in their destruction... I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity... is but swindling futurity on a large scale." -- Thomas Jefferson - Source: stated in 1811 when President Jefferson refused to renew the charter for the First Bank of the United States (the 2nd central bank chartered by Congress in 1791

Ho Cheow Seng

4 comments:

Parka said...

What's the problem is actually the accountability of these people. If there are no people looking over their shoulders. They can practically do whatever they want.

Think about the guy who lost US$248m for SembCorp Marine, the guy who embezzled S$35m from SIA, the guy who installed a golden tap in the toilet of a charity, the collapse of Barings banks by some moron, and many other.

I say flood all banks with accountants paid by the government, or taxpayer's money. Because obviously some companies are incapable of doing their own accounting or have no integrity or competence to do so.

ym said...

i believe he was refering to banks ability to print money from thin air using fractional reserve lending..

yes this practice is very destructive.. akin to mafia counterfeiting..

John Li said...

See http://video.google.com/videoplay?docid=-1583154561904832383

This video is about banking history in the USA. They have comments by past US presidents such as those stated above.

Anonymous said...

Ignorance is our enemy. Americans do not understand or know that a private bank should not issue it's currancy. A Soveriegn Nation should not be divided into popular or unpopular groups. Since most people learn from tv and quarrell for nothing our soldiers and other nations soldiers die in vain. They don't die for freedom because poverty is funded to create jobs for people that can't think for themselves. Corruption is state sponsored so that our children received low quality education. Who is Yahweh? Where is our God? THis madness has to stop. Ignorance is our enemy. The Christians don't know that the HOLY SPIRIT is LOVE and that Yashua died for them because of Yahwehs' divine will. The Muslims don't know that the word ALLAH is not a proper name in any lanuage it is only a title that plainly means "the creator". So I guess we will go another 2000 years with these two false doctrines killing for supremacy while people die of starvation. Can't anyone see that God let Thomas Jefferson live before the congess gave the Fed. Reserve Bank powere to issue it's currancy. Now look around this country now and see all the homlessness and that the banks and the companys that surround the banks and the people who are given access to the banks by discriminatory guidlines have taken control over the property of this Nation. There is no depression or inflation or whatever Thomas Jefferson told us long ago that those words are propaganda to instill fear so the wealthy can hide and continue to spend the wealth of the people as if it belongs to the wealthy. Seeing that Yahweh is just and that the wrath of our God is upon this Nation I pray for all nation kindreds and people. We are not ignorant by choice it's through DNA and years of killing righteouss people who spoke out or faught against the oppressors. Yahweh come let the earth be silent, free the people from oppression let Gods people go. Anyone that needs proof that Yahweh is God study yourself what langauge do you speak then tranliterate the hebrew Yahweh into your own lanuage. If you don't get the name Yahweh from transliteration you are blind to the law of reason.

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