- “People equated debt with wealth. America became a nation of spenders and not savers. Houses became lottery tickets and not homes. Frugality and live-within-your-means were seen as laughable traits. Poor people thought they should and could live like rock stars. Payola to Congress became the accepted. Liars were quoted in the MSM as if they were truthtellers, and truthtellers were portrayed as liars. Keeping up with the neighbors became a consuming passion, instead of helping the neighbors. And a nation sold out its morality and reputation for a quick buck.” [Housing Panic]
- “It never made sense why the FBI and Bush Administration didn’t enforce the laws of the land, and let financial fraud run rampant these past few years.” [Housing Panic]
- “Think about the people of Iceland tonight. People who scrimped and saved and endured, only to have their life’s savings and economy destroyed by greedy bankers on commission, and a corrupted and willing government.
“There but for the grace of god go us.” [Housing Panic]
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, Letter to the Secretary of the Treasury Albert Gallatin (1802)
3rd president of US (1743 – 1826)