We were warned by these great men of the perils we now face.
 |
If the American people ever allow private banks to control the issue of
their currency, first by inflation, then by deflation, the banks...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.
... The modern
theory of the perpetuation of debt has drenched the earth with blood, and
crushed its inhabitants under burdens ever accumulating. -Thomas
Jefferson
|
 |
History records that the money changers have used every form of abuse,
intrigue, deceit, and violent means possible to maintain their control over
governments by controlling money and its issuance. -James Madison |
 |
If congress has the right under the Constitution to issue paper money, it
was given them to use themselves, not to be delegated to individuals or
corporations. -Andrew Jackson |
 |
The Government should create, issue, and circulate all the currency and
credits needed to satisfy the spending power of the Government and the
buying power of consumers. By the adoption of these principles, the
taxpayers will be saved immense sums of interest. Money will cease to be
master and become the servant of humanity. -Abraham Lincoln |
 |
Issue of
currency should be lodged with the government and be protected from
domination by Wall Street. We are opposed to...provisions [which] would
place our currency and credit system in private hands. - Theodore
Roosevelt |
Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act.
A few years later he wrote: I am a most unhappy man. I have unwittingly
ruined my country. A great industrial nation is controlled by its system of
credit. Our system of credit is concentrated. The growth of the nation,
therefore, and all our activities are in the hands of a few men. We have
come to be one of the worst ruled, one of the most completely controlled
and dominated Governments in the civilized world no longer a Government by
free opinion, no longer a Government by conviction and the vote of the
majority, but a Government by the opinion and duress of a small group of
dominant men. -Woodrow Wilson
|
 |
 |
Years later, reflecting on the major banks' control in
Washington, President Franklin Roosevelt paid this indirect praise to
his distant predecessor President Andrew Jackson, who had "killed" the
2nd Bank of the US (an earlier type of the Federal Reserve System).
After Jackson's administration the bankers' influence was gradually
restored and increased, culminating in the passage of the Federal
Reserve Act of 1913. Roosevelt knew this history.
The real truth of the matter is, as you and I know, that a
financial
element in the large centers has owned the government ever since
the days of Andrew Jackson... -Franklin D. Roosevelt
(in a letter to Colonel House, dated November 21, 1933)
Source: http://www.davidforalaska.com/Money_Changers.htm
| |
Categories: Ron Paul, Campaign For Liberty, Finance
Tags: Economy, Founding Fathers, banking, currency, inflation, thomas jefferson,
No comments yet.
You must be a member to post comments. [Become a member] [Login]
|
