Having recently come across this statement by America's third President, Thomas Jefferson (1743-1826), I wonder to what extent his psychic nous could be applied this side of the pond in the 21st century ("Bank customers warned about venting their anger", The Herald, July 7)?
"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."
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