Banks more dangerous than 'standing armies?'

To the Editor:

In tough economic times leaders study historical problems and solutions in development of a plan of action to solve current problems. The plan may not be popular and will require great leaders who believe in the long-term future of their country. One of the world's most brilliant leaders, who studied all factors affecting freedom and the economy, made the following quoted statements:

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"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."

"It is incumbent on every generation to pay its own debts as it goes a principle which if acted on, would save one-half the wars of the world."

"My reading of history convinces me that most bad government results from too much government."

"To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical."

"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 brilliant leader was a founding father and president of the United States, Thomas Jefferson, and his statements were as true then as they are today and apply to the United States, Canada and all other countries of the world.

Ken Kellington
Devon, Alta.

© Copyright Thompson Citizen

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