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.(H/t to Planet Money Blog)
-Pres. Thomas Jefferson, 1802
Tuesday, November 25, 2008
Told you so
Labels:
Economy,
Mortgage crisis
Subscribe to:
Post Comments (Atom)
1 comment:
Maybe it's my conspiratorial mind but it seems to me that with the disappearance of the middle class and now the mortgage crisis, we are destined to be a nation filled with wealthy landowners and lowly serfs.
SIL
Post a Comment