Who Said It?, Round 2

So maybe round #1 was a little too easy. Sometimes it's easy to forget how wise and learned the Turdites are. OK, smartypants, have a go at this one.

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children wakeup 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."

​Ahead of the 3-day, holiday weekend in the U.S., I'm preparing a rather large amount of thought-provoking and insightful information for you so please be sure to check back later today.

TF

346 Comments

ThoughtCriminal's picture

Lease Rates

Check out those lease rates!

http://www.kitco.com/market/LFrate.html

Andrew Jackson?

DaddyO's picture

First?

Oh well maybe next post!

Any way Thomas Jefferson is credited with the above quote.

DaddyO

skulltoye's picture

Who said it..

Thomas Jefferson?

WarningShot's picture

Quote

Thomas Jefferson

CBDooper's picture

Woodrow Wilson

How about Woodrow Wilson........... never mind, it was Jefferson.

Scott_K's picture

?

Commonly attributed to Thomas Jefferson, but Snopes says not so.

meegoreng1's picture

Thomas Jefferson

Thomas Jefferson

crackor's picture

I'm a Canuck and

I know this one.....I think.

Thomas Jefferson

csquared13's picture

I thought it was Thomas

I thought it was Thomas Jefferson too..

AlchemyFinancial's picture

I know that one

Thats my man TJ there.  It's not to hard to spot a Jefferson quote if your a fan of him.

MisesFan's picture

JoeKa

JoeKa

Exergy's picture

fake ?

apparently a fake quote attributed to Jefferson

http://www.dailypaul.com/80247/can-we-please-stop-propagating-the-fake-jefferson-quote-about-private-banks

Is Turd...playing with us again?

(sorry folks... I did use google...not gray matter)

Despekke's picture

nibble googlers

New procedure should be to swear on your shiny stack that you didn't paste the paragraph in google, then answer.

I know diddlely-squat so that's what I did.

billwilson's picture

It's made up

As noted above this is NOT a real quote!

http://www.snopes.com/quotes/jefferson/banks.asp

Google is your friend as is Snopes. Beware these forwarded quotes from right wing loonies. Most of them are made up (or altered).

The easy clues on this one were the uses of the words like "deflation" and "corporation", words unlikely to have been used in Jefferson's time.

.... and the Euro drops under 1.25 (very briefly so far)... and gold does not follow .... Maybe just maybe we finally get the needed disconnect.

Groaner's picture

I think this is very encouraging that the metals are

holding up well this morning with the USD spiking up.. and the Dow down.. eay???

Again, a flight to safety! Who knows what the 3 day weekend will bring.. cover shorts!

Turd Ferguson's picture

Fake or not?

MODERATOR

I understand that these words were uttered by President Jefferson in 1809. Allegedly, he was speaking in opposition to the recharter of the original "Bank Bill", which was authorized in 1791 for a period of just 20 years.

http://en.wikipedia.org/wiki/First_Bank_of_the_United_States

At any rate, we already have a winner. "DaddyO" please email me your shipping info!

Response to: fake ?
S Roche's picture

Gold in Euros!

back around 1250...

Screwtape pointed out that Euroland marks their gold to market June 29.

OC15's picture

When did President Jefferson start rolling in his grave?

A. 1913

B. 1933

C. 1971

D.  All of the above, the velocity of spinning in his grave increased at each date.

tpbeta's picture

Well as it's a fake...

...the correct answer must be someone from the United States Congress. Senate. Committee on Agriculture and Forestry, Committee on Agriculture and Forestry, General Farm Legislation: Hearings Before a Subcommittee of the Committee on Agriculture and Forestry, United States Senate, Seventy-fifth Congress, Second Session, Pursuant to S. Res. 158, a Resolution to Provide for an Investigation of Agricultural Commodity Prices, of an Ever-normal Granary... (Washington, D.C.: GPO, 1937), 3607.

That's the first recorded use of the phrase. Deflation was not an economic concept when Jefferson was alive, so I'm told.

Turd Ferguson's picture

First of all

MODERATOR

I found this quote yesterday in a book about a return to the gold standard.

Second of all, what about it is "right wing"? Shit, can we please cut out the left/right garbage? We're all screwed, regardless of whether you follow donkeys or elephants.

Response to: It's made up
S Roche's picture

Who Said It: 2

"I'm long of gold in Euros"

Eric Original's picture

testing

Just checking to see if I could drag and drop this little viking emoticon that DPH found for me.  Yay!

Oh yeah, and miners opened green, just sayin... yes

Eric Original's picture

S Roche

That's gotta be Gartman.

henry's picture

Who Said It?,

beinki's picture

Who was the first president of the USA

Washington? ooooh sorry, He was the first President after the constitution was ratified. Trick question

OrangeAlert's picture

Thomas Jefferson

Thomas Jefferson

ivars's picture

Ok, I am off to a gym. Things

Ok, I am off to a gym. Things are clear from now on. Should hit 29 today.

Groaner's picture

Now thats what I am talking about!

Smoke the shorts!

Eric Original's picture

True, TF

"Shit, can we please cut out the left/right garbage? We're all screwed, regardless of whether you follow donkeys or elephants."

​100 Hat tips your way on that one TF!

murphy's picture

emoticon

He's goin' need a bigger club.

Off for a walk

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