U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 02-16-2010, 07:20 AM
 
502 posts, read 781,781 times
Reputation: 154

Advertisements

Thomas Jefferson warned us about a central bank seizing control of our Republic: "The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered." --Thomas Jefferson
J. F. Kennedy tried to stop them! and look what they did to him.
Reply With Quote Quick reply to this message

 
Old 02-16-2010, 07:21 AM
 
Location: Raleigh, NC
20,009 posts, read 15,181,705 times
Reputation: 3739
Oh, he was an outdated racist slaveowner, so little of what he says is relevant to the here and now. His quotes were only meaningful talking points when Bush was president.
Reply With Quote Quick reply to this message
 
Old 02-16-2010, 07:24 AM
 
Location: Londonderry, NH
41,505 posts, read 49,582,235 times
Reputation: 24548
IMHO- Jeffferson's thought apply to the entire financial system. "Too big to fail" is utter economic and financial nonsense.
Reply With Quote Quick reply to this message
 
Old 02-16-2010, 07:28 AM
 
Location: Riverside, CA
2,404 posts, read 3,583,570 times
Reputation: 2274
While the founding fathers did have great principals, we do need to realize that it was a different time and a different world. We have to be careful about putting them on such a high pedestal that we don't question how their beliefs fit in a modern world.
Reply With Quote Quick reply to this message
 
Old 02-16-2010, 07:28 AM
 
Location: Raleigh, NC
20,009 posts, read 15,181,705 times
Reputation: 3739

http://www.youtube.com/watch?v=pzH7mGt0VDE
Reply With Quote Quick reply to this message
 
Old 02-16-2010, 07:33 AM
 
Location: Portland, Oregon
7,091 posts, read 10,492,546 times
Reputation: 4104
That's actually a misquote, a pretty popular one for far libertarian wingnuts. His true quote was about banks existing that were independent of governmental control and actively taking hostile actions towards policy of the government it didn't agree with if it gets too large (especially to waging war).

"I observe an idea of establishing a branch bank of the United States in New Orleans. This institution is one of the most deadly hostility existing against the principles and form of our Constitution. The nation is at this time so strong and united in its sentiments that it cannot be shaken at this moment. But suppose a series of untoward events should occur sufficient to bring into doubt the competency of a republican government to meet a crisis of great danger, or to unhinge the confidence of the people in the public functionaries; an institution like this, penetrating by its branches every part of the union, acting by command and in phalanx may, in a critical moment, upset the government. I deem no government safe which is under the vassalage of any self-constituted authorities, or any other authority than that of the nation or its regular functionaries. What an obstruction could not this Bank of the United States, with al its branch banks, be in time of war! It might dictate to us the peace we should accept, or withdraw its aids. Ought we then to give further growth to an institution so powerful, so hostile?"

- Letter to Albert Gallatin (13 December 1803) ME 10:437 : The Writings of Thomas Jefferson "Memorial Edition" (20 Vols., 1903-04) edited by Andrew A. Lipscomb and Albert Ellery Bergh, Vol. 10, p. 437
Reply With Quote Quick reply to this message
 
Old 02-16-2010, 07:42 AM
 
Location: Texas
23,831 posts, read 10,019,502 times
Reputation: 5331
Quote:
Originally Posted by Archan View Post
While the founding fathers did have great principals, we do need to realize that it was a different time and a different world. We have to be careful about putting them on such a high pedestal that we don't question how their beliefs fit in a modern world.
What doesn't apply now that applied then? Because technology is different nowadays that somehow minimizes the foundation we were built upon?
Reply With Quote Quick reply to this message
 
Old 02-16-2010, 07:51 AM
 
Location: Texas
23,831 posts, read 10,019,502 times
Reputation: 5331
Quote:
Originally Posted by subsound View Post
That's actually a misquote, a pretty popular one for far libertarian wingnuts. His true quote was about banks existing that were independent of governmental control and actively taking hostile actions towards policy of the government it didn't agree with if it gets too large (especially to waging war).

"I observe an idea of establishing a branch bank of the United States in New Orleans. This institution is one of the most deadly hostility existing against the principles and form of our Constitution. The nation is at this time so strong and united in its sentiments that it cannot be shaken at this moment. But suppose a series of untoward events should occur sufficient to bring into doubt the competency of a republican government to meet a crisis of great danger, or to unhinge the confidence of the people in the public functionaries; an institution like this, penetrating by its branches every part of the union, acting by command and in phalanx may, in a critical moment, upset the government. I deem no government safe which is under the vassalage of any self-constituted authorities, or any other authority than that of the nation or its regular functionaries. What an obstruction could not this Bank of the United States, with al its branch banks, be in time of war! It might dictate to us the peace we should accept, or withdraw its aids. Ought we then to give further growth to an institution so powerful, so hostile?"

- Letter to Albert Gallatin (13 December 1803) ME 10:437 : The Writings of Thomas Jefferson "Memorial Edition" (20 Vols., 1903-04) edited by Andrew A. Lipscomb and Albert Ellery Bergh, Vol. 10, p. 437
Your inability to distinguish Jeffersons thoughts on central banking is YOUR failing not others. Jefferson wrote many times about the cons of a central bank. Your quote was just one of many. That does not mean it was ONLY about wartime issues.

"If the American People ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers occupied. The issuing power of money should be taken from the bankers and restored to Congress and the people to whom it belongs. I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies

We are completely saddled and bridled, and the bank is so firmly mounted on us that we must go where they ill guide.

The dominion which the banking institutions have obtained over the minds of our citizens...must be broken, or it will break us."

"Give me control of a nation's money supply, and I care not who makes its laws." - Mayer Amschel Rothschild, founder of Rothschild Banking Dynasty.
Reply With Quote Quick reply to this message
 
Old 02-16-2010, 07:51 AM
 
Location: Raleigh, NC
20,009 posts, read 15,181,705 times
Reputation: 3739
Quote:
Originally Posted by Archan View Post
While the founding fathers did have great principals, we do need to realize that it was a different time and a different world. We have to be careful about putting them on such a high pedestal that we don't question how their beliefs fit in a modern world.
That "it's a different world" rhetoric is one of the lamest excuses I've seen, for the laziest of minds.
Reply With Quote Quick reply to this message
 
Old 02-16-2010, 08:14 AM
 
Location: NJ/NY
10,634 posts, read 16,217,607 times
Reputation: 2787
snopes.com: Thomas Jefferson on Banks
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top