Every thing old is new again!

[Taichiliberal]

"The 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, the 3rd President of United States of America (1743 – 1826)

 

[Hawkeye10]

The banks are going away, to be replaced by the Fed and their "digital currency". This economic crash will wash all or almost all of the banks away.

 

[Hawkeye10]

Heard an expert say that he thinks we will go to five banks, which wont be remotely private, in a very fast timeframe.

 

[Walt]

"The 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, the 3rd President of United States of America (1743 – 1826)

Corporations as private entities is an invention of the late 1800's. There were a few government setup corporations, but very few, and only for some sort of public good. There was no concept of a limited liability corporation in business.

The quote is filled with the wrong language for Jefferson. A quick check shows that its earliest source was 1933, so is basically fake.

https://www.monticello.org/research...ncyclopedia/private-banks-spurious-quotation/

 

[Walt]

Heard an expert say that he thinks we will go to five banks, which wont be remotely private, in a very fast timeframe.

There is no way over 4,000 banks are going to become 5 banks in a "very fast timeframe." Beyond that, no expert would make that statement about private banks, which have a very different meaning than you think.

 

[Taichiliberal]

Corporations as private entities is an invention of the late 1800's. There were a few government setup corporations, but very few, and only for some sort of public good. There was no concept of a limited liability corporation in business.

The quote is filled with the wrong language for Jefferson. A quick check shows that its earliest source was 1933, so is basically fake.

https://www.monticello.org/research...ncyclopedia/private-banks-spurious-quotation/

THANKS FOR THIS! You prompted me to do some more research on this:

https://www.battlefields.org/learn/...-opinion-constitutionality-national-bank-1791

 

[Taichiliberal]

There is no way over 4,000 banks are going to become 5 banks in a "very fast timeframe." Beyond that, no expert would make that statement about private banks, which have a very different meaning than you think.

Never say never!

‘Small banks are disappearing’: FDIC’s Jelena McWilliams


https://www.americanbanker.com/podcast/small-banks-are-disappearing-fdics-jelena-mcwilliams

 

[Into the Night]

Corporations as private entities is an invention of the late 1800's. There were a few government setup corporations, but very few, and only for some sort of public good. There was no concept of a limited liability corporation in business.

The quote is filled with the wrong language for Jefferson. A quick check shows that its earliest source was 1933, so is basically fake.

Corporations have been around since at 49BC. Corporations existed in Rome at the time.

 

[Into the Night]

"The 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, the 3rd President of United States of America (1743 – 1826)

...and then the government created the Federal Reserve and outlawed ownership of gold and silver. This theft of money is exactly what Jefferson was talking about.

And here we are.

 

[Into the Night]

There is no way over 4,000 banks are going to become 5 banks in a "very fast timeframe." Beyond that, no expert would make that statement about private banks, which have a very different meaning than you think.

Since those '4000 banks' all operate under the requirements of the Federal Reserve, they are ALREADY ONE BANK.

 

[Truth Detector]

"The 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, the 3rd President of United States of America (1743 – 1826)

You would have the Congress be the issuing power?

 

[Truth Detector]

Corporations as private entities is an invention of the late 1800's. There were a few government setup corporations, but very few, and only for some sort of public good. There was no concept of a limited liability corporation in business.

The quote is filled with the wrong language for Jefferson. A quick check shows that its earliest source was 1933, so is basically fake.

https://www.monticello.org/research...ncyclopedia/private-banks-spurious-quotation/

Agreed. It's fake. Jefferson wasn't that stupid.

 

[Truth Detector]

There is no way over 4,000 banks are going to become 5 banks in a "very fast timeframe." Beyond that, no expert would make that statement about private banks, which have a very different meaning than you think.

Hawkeye has gone full retard. I wouldn't give him the time of day.

 

[Truth Detector]

Never say never!

‘Small banks are disappearing’: FDIC’s Jelena McWilliams


https://www.americanbanker.com/podcast/small-banks-are-disappearing-fdics-jelena-mcwilliams

 

[Walt]

Since those '4000 banks' all operate under the requirements of the Federal Reserve, they are ALREADY ONE BANK.

And because all those millions of cars all are under the same regulations, they are already one car.

 

[Into the Night]

And because all those millions of cars all are under the same regulations, they are already one car.

Cars are not controlled by the Federal Reserve or any other bit of communism (other than EVs). False equivalence fallacy.

 

[Walt]

Cars are not controlled by the Federal Reserve or any other bit of communism (other than EVs). False equivalence fallacy.

They are regulated, which you are claiming means they are controlled.

 

[Into the Night]

They are regulated, which you are claiming means they are controlled.

Regulation does not mean control. Redefinition fallacy.

 

[Taichiliberal]

And because all those millions of cars all are under the same regulations, they are already one car.

You're wasting your time ... Squawkie doesn't get sarcasm.

 

[Walt]

Regulation does not mean control. Redefinition fallacy.

Wow, so you agree now?