Secretary of State Thomas Jefferson was adamantly opposed to the idea of a privately owned federal bank and said: "I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies"
"If the American people ever allow the banks to control the issuance of their currency.. 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.”
Thomas Jefferson believed the National Bank was unconstitutional because it was an unauthorized extension of federal power. Congress, Jefferson argued, possessed only delegated powers which were specifically enumerated in the constitution.
Showing posts with label Danger. Show all posts
Showing posts with label Danger. Show all posts
Thursday, February 26, 2009
Dangerous foreveer
President Andrew Jackson said regarding bankers: "The bank, is trying to kill me, but I will kill it!" "You are a den of vipers and thieves. I intend to rout you out, and by the eternal God I will rout you out."
“I sincerely believe the banking institutions having the issuing power of money, are more dangerous to liberty than standing armies.”“Paper is poverty… it is only the ghost of money, and not money itself.”“If the American people ever allow the banks to control the issuance of their currency… 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.”In December of 1834, President Jackson declared that the national debt will be paid off. The next month there was an assassination attempt on Jackson.
In 1836 overriding Congress, Jackson closed the Bank of the United States commenting: "The bold effort the present bank had made to control the government are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it."
“I sincerely believe the banking institutions having the issuing power of money, are more dangerous to liberty than standing armies.”“Paper is poverty… it is only the ghost of money, and not money itself.”“If the American people ever allow the banks to control the issuance of their currency… 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.”In December of 1834, President Jackson declared that the national debt will be paid off. The next month there was an assassination attempt on Jackson.
In 1836 overriding Congress, Jackson closed the Bank of the United States commenting: "The bold effort the present bank had made to control the government are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it."
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