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. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
--Thomas Jefferson 3rd president of the US (1743-1826), Letter to the Secretary of the Treasury Albert Gallatin (1802)
"What is Money?"
"What is money? Money is a non-existent theoritcal force that has not and will not exist except in theory and computer screens. People die and starve because they don't have enough digits on a computer screen. It's private banks lending non existent money called credit. What is credit? When you go in a bank, the bank types into your account a sum and you start owing that and interest and the banking system they can get your wealth that does exist-your home, your land, etc."
--Thomas Jefferson 3rd president of the US (1743-1826), Letter to the Secretary of the Treasury Albert Gallatin (1802)
"What is Money?"
"What is money? Money is a non-existent theoritcal force that has not and will not exist except in theory and computer screens. People die and starve because they don't have enough digits on a computer screen. It's private banks lending non existent money called credit. What is credit? When you go in a bank, the bank types into your account a sum and you start owing that and interest and the banking system they can get your wealth that does exist-your home, your land, etc."