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Thomas Jefferson on Banking Institutions (Central Bank)

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Quotation by Thomas Jefferson:

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     (more by this author)

1743-1826 (Age at death: 83 approx.)

Thomas Jefferson (April 13, 1743 - July 4, 1826) was the third President of the United States (1801-1809), and the principal author of the Declaration of Independence (1776). Jefferson was one of the most influential Founding Fathers, known for his promotion of the ideals of republicanism in the United States. Jefferson envisioned America as the force behind a great "Empire of Liberty" that would promote republicanism and counter the imperialism of the British Empire.

Major events during his presidency include the Louisiana Purchase (1803) and the Lewis and Clark Expedition (1804-1806), as well as escalating tensions with both Britain and France that led to war with Britain in 1812, after he left office.

Author Information from Wikipedia

Country: United States

Type: Prose
Context: Unknown
Source: EMAIL of Jefferson Quotes from a close r
Uttered: 1802

 

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Lance Ciepiela is a retired senior who had an interesting career in government service - a United States Marine Corps (USMC) Vietnam-Era veteran, who became interested in restoring the Constitution after I realized that W Bush had attacked Iraq (more...)
 

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