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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (95442)	10/12/2012 9:45:31 AM
From: ggersh	Respond to of 219679

monticello.org Private Banks (Quotation) Quotation: "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...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." Variations: "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." "I believe that banking institutions are more dangerous to our liberties than standing armies..." "The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

To: TobagoJack who wrote (95442)	10/12/2012 11:15:20 AM
From: carranza2	Read Replies (1) \| Respond to of 219679

Fantastic. Krugman, Bernanke, et al, should be manacled, and the French book passed on a large screen before their eyes until they have forcibly memorized it. One of my favorite passages: Strange as it might seem to those who have not watched the same causes at work at a previous period in France and at various times in other countries, while every issue of paper money really made matters worse, a superstition gained ground among the people at large that, if only enough paper money were issued and were more cunningly handled the poor would be made rich.

To: TobagoJack who wrote (95442)	10/12/2012 2:50:00 PM
From: ggersh	1 Recommendation Respond to of 219679

The nauseating truth "So, it is frustrating. A lot of it could have been avoided. You're always going to have cycles, but you hopefully aren't always going to have potential economic cataclysms, and that's what we were confronting for a time. But now it's not really getting fixed. That's the sad truth of it, and I fully support my former regulatory colleagues. I know they're trying to do the right thing. But if you look at the pace of reform, it's just still not getting fixed. And I do think that it is symptomatic of a larger problem in Washington, which is the financial services industry, the perspective of very large financial institutions has really co-opted, I think, both parties, all branches of government. There is a tendency, and we saw it with the bailouts, to see the world and our economy, and our economic well-being through the prism of very large financial institutions." finance.fortune.cnn.com