"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."
by:
Thomas Jefferson
(1743-1826), US Founding Father, drafted the Declaration of Independence, 3rd US President
Source:
Letter to John Taylor (28 May 1816) ME 15:23
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Reader comments about this quote:
We hold this truth to be self evident and, proven throughout history over, and over, and over again.
 -- Mike, Norwalk     
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    That's what a "Stimulus Package" is...a swindle.
     -- J Carlton, Calgary     
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    Jefferson was right to be against a "National Bank!" He would be shocked to see a Federal Reserve system!
     -- cal, lewisville, tx     
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    The "swindling" is going full speed ahead with Nancy and the gang at the wheel.
     -- jim k, austin     
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    God! why aren't these people around today. Mike, yes, I think Sir Kenneth Clark would agree with you.
     -- RBESRQ     
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    Jefferson killed Hamilton's central bank during his term as President seeing the con for what it was -- a swindle! He and Jackson were the only presidents to successfully get rid of the private central banks in their day. Don't count on Obama doing the right thing -- Wall St and the Fed are living comfortably in the White House...
     -- E Archer, NYC     
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    Goldman Sachs corporate officers and Treasury appointees are interchangeable. Sometimes it's hard to tell where GS ends and the Treasury Department begins. The one thing I know though is that they won't be paying the bills with their own money.
     -- Ken, Allyn, WA     
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     -- Eileen Breen, North Haledon      
    Right on the money, If only those idiots we sent to represent us i washington would listen to this advice. Elmer,
     -- Elmer Matter, Brookfield Wi.     
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    Can anyone in government heed their great, insightful Founding Father?
     -- Elisabeth, Astoria, NY     
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    Money changers never change of making merchandise of our Liberty and Freedom. 1307 forward Scout. Semper fi.
     -- Ronw13, Yachats Or     
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    The creation of Federal Reserve paper money and digital money out of thin air is the fraud perpetrated on the people of the United States ... making them the collateral for all the debt and interest burden for those even yet unborn.
    In not following the U.S. Constitution's mandate to have the monetary system backed by "Coined" intrinsic valued Gold and Silver the U.S. government's Treasury and Federal Reserve Bank is in the business of printing counterfeit money that is, "Not Worth a Continental."
    Article 1, Section 8, Clause 5 - "The Congress shall have Power] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;..."
     -- Mary - MI     
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