"I believe that banking institutions are more..." - Quote by Thomas Jefferson
I believe that banking institutions are more dangerous to our liberties than standing armies.
An image illustrating the quote: "I believe that banking institutions are more dangerous to our liberties than sta..."
More by Thomas Jefferson
“In the environment, every victory is temporary, every defeat permanent.”
“And where else will [Hume,] this degenerate son of science, this traitor to his fellow men, find the origin of just powers, if not in the majority of the society? Will it be in the minority? Or in an individual of that minority?”
“If once the people become inattentive to the public affairs, you and I, and Congress and Assemblies, Judges and Governors, shall all become wolves. It seems to be the law of our general nature, in spite of individual exceptions.”
More on Banking
“The banks themselves were doing business on capitals three-fourths of which were fictitious. This fictitious capital... is now to be lost, and to fall on somebody; it must take on those who have property to meet it, and probably on the less cautious part, who, not aware of the impending catastrophe, have suffered themselves to contract, or to be in debt, and must now sacrifice their property of a value many times the amount of the debt. We have been truly sowing the wind, and are now reaping the whirlwind.”
“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”
“Why do banks charge you a "non-sufficient funds fee" on money they already know you don't have?”