movement, movement

The Not-So-Federal Reserve

Posted in corruption, politics, quotes by amoslanka on June 27, 2008

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 them 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, Letter to Treasury Secretary Albert Gallatin (1802)

For those who weren’t aware, the people do not own our own banking system. Cleverly named, the Federal Reserve Bank is not federal

I’m about as far from a socialist as they come but there are particular institutions that can and should only be run by a government that represents the people. Read and study up on it, you’ll find the greasy hands of corporate corruption all over our monetary system. 

Sure, a fully and truly federal banking system would place that power into the hands of modern politicians who are as corrupt as anyone out there, but I suppose you could say this is just me knowing what was intended “in the beginning” and seeing where we went wrong. 

A friend over here has some additional remarks.

4 Responses

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  1. subversivechurch said, on July 1, 2008 at 9:57 pm

    here is an interesting link. from a british source.

    http://www.newstatesman.com/politics/2008/05/financial-crisis-banks-england

  2. amoslanka said, on July 2, 2008 at 12:29 am

    very good, very long article. i enjoy finding stories like that that actually illustrate the ridiculousness of the wrong directions our societies. why does no one question more seriously the debt culture?

  3. subversivechurch said, on July 2, 2008 at 12:54 pm

    I like more in depth stuff. This crap of sound bites just continually dumbs us down.

  4. [...] said a lot that I can appreciate: (here’s another quote) “To the corruption of Christianity I am indeed opposed,” he wrote to Rush, “but [...]


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