Thursday, January 15, 2009

FW: Quote of the century or centuries!!

 

 

Some 200 years ago, much before all these eminent gentlemen (quoted in Fortune), the third US President Thomas Jefferson is said to written this, which can easily qualify as the quote of the Week/Month/Year/Decade/Century/Bicentennial !!

'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


How did this bloke come up with this 200 yrs ago?

 

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