I have studied economics and economic history for 25 years, and everything Thomas Jefferson warned of is happening today. Why is it that every day the FED or government has to "do something"? The Constitution of the US is a well conceived document and should be adhered to w/o argument. Republics work. Democracies do not as they ALWAYS devolve into socialism or communism. Sound money preserves freedom and property rights. Read "Atlas Shrugged" before you try to argue in favor of the current system.
Don't you know we already got sold down the river with FDR 50 or so years ago. The FED was created back then.
It was in 1913. The pres. was Woodrow Wilson. He regretted signing the act in a public letter one week later saying he had done the nation in and was sorry. Well, here we are! The banking families own all the mortgages and control most facets of the economy and control 99% of the wealth with nothing left for the people.
When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe . Thomas Jefferson
The democracy will cease to exist when you take away from those who are willing to work and give to those who would not. Thomas Jefferson
It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world. Thomas Jefferson
I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them. Thomas Jefferson
My reading of history convinces me that most bad government results from too much government. Thomas Jefferson
No free man shall ever be debarred the use of arms. Thomas Jefferson
The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government. Thomas Jefferson
The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. Thomas Jefferson
To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical. Thomas Jefferson
Thomas Jefferson said in 1802: '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.'
I WISH WE COULD GET THIS OUT TO EVERYONENE!!! I'll do my part!
No! not congress either. The point is to get away from socialism of the financial markets where the govt. guarantees no downside for its "too big to fail" cronies. The first step is to assure a sound money supply where the Fed (or Congress for that matter) cannot create trillions of phony dollars out of thin air.