Saturday, August 14, 2010

COTD: The Ghost Of Thomas Jefferson

The stunning decline of Barack Obama: 10 key reasons why the Obama presidency is in meltdown – Telegraph Blogs: "Is there anyone left who has not learned that the Federal Reserve is not federal, but a private bank? Thomas Jefferson abolished one central bank, which was replaced by the Fed in 1913.

'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 US (1743 - 1826)"
This comment was found in "The stunning decline of Barack Obama: 10 key reasons why the Obama presidency is in meltdown – Telegraph Blogs".

The article is worth reading also of course. Interesting that it has 1424 comments mostly like this one ... and largely by Americans! But don't worry, our Gramscian "journOlists" aren't biased or anything and thereby causing American's to flee their product. Mais non!

Jefferson -- ironically one of the leaders of what has now become perverted into the so-called Democrat party of today -- was also the originator of this quote:
The man who reads nothing at all is better than educated than the man who reads nothing but newspapers.
How appropriate is that as a commentary on today's American Pravda!?

And finally, I leave you to look up the author of this quote:
"Congress has not unlimited powers to provide for the general welfare, but only those specifically enumerated."
Surely you might be able to guess by now?

UPDATE: The Jefferson quote at the top is apparently an amalgam of excerpts from his letters. But those who think any of this doesn't accurately convey Jefferson's thinking may want to consider this quote from a letter to John Taylor:
And I sincerely believe, with you, 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."
In fact, I had posted this quote before and should have noticed the overlap...

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