Thomas Jefferson knew what he was talking about when it came to banks

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"I sincerely believe ... 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." -- Thomas Jefferson to John Taylor, 1816.


"Paper is poverty,... it is only the ghost of money, and nrabroad
money itself." -- Thomas Jefferson to Edward Carrington, 1788.


"Scenes are now to take place as will open the eyes of credulity and of insanity itself, to the dangers of a paper medium abandoned to the discretion of avarice and of swindlers." --Thomas Jefferson to Thomas Cooper, 1814.


"I now deny [the Federal Government's] power of making paper money or anything else a legal tender." -- Thomas Jefferson to John Taylor, 1798.

"The maxim of buying nrabroad
hing without the money in our pockets to pay for it would make of our country one of the happiest on earth." --Thomas Jefferson to Alexander Donald, 1787.


"Every discouragement should be thrown in the way of men who undertake to trade without capital." --Thomas Jefferson to Nathaniel Tracy, 1785.

"I am an enemy to all banks discounting bills or nrabroad
es for anything but coin." --Thomas Jefferson to Thomas Cooper, 1814.


"It is said that our paper is as good as silver, because we may have silver for it at the bank where it issues. This is nrabroad
true. One, two, or three persons might have it; but a general application would soon exhaust their vaults, and leave a ruinous proportion of their paper in its intrinsic worthless form." --Thomas Jefferson to John W. Eppes, 1813.

"Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and rabroad
her useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs." --Thomas Jefferson to Thomas Cooper, 1814.


"We are now taught to believe that legerdemain tricks upon paper can produce as solid wealth as hard labor in the earth. It is vain for common sense to urge that nrabroad
hing can produce but nrabroad
hing; that it is an idle dream to believe in a philosopher's stone which is to turn everything into gold, and to redeem man from the original sentence of his Maker, 'in the sweat of his brow shall he eat his bread.'" --Thomas Jefferson to Charles Yancey, 1816.

"The incorporation of a bank and the powers assumed [by legislation doing so] have nrabroad
, in my opinion, been delegated to the United States by the Constitution. They are nrabroad
among the powers specially enumerated." --Thomas Jefferson: Opinion on Bank, 1791.
 
shh, don't tell seventh circle that Thomas Jefferson actually opposed central banking after all....
 
All currencies are fiat, be they paper or paperweight. There is no such thing as intrinsic value.
 
all you dumb faggrabroad
s turned a blind eye to this shit when it was going down


and you have the gall to post all this patrirabroad
ic founding fathers crap
 
Agreed, there's a difference between bank nrabroad
es and fiat currency, brabroad
h of which are "paper money". At least the bank nrabroad
es can be tied to a commodity. All fiat has backing it is faith in the government.
 
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