- Mr. Jaeger,
-
- The following has been taken from RENSE.COM, and attributed
to you:
-
- Thomas Jefferson's Warning - From Jaeger Research Institute
- 3-22-09 - Why are the stocks of so many corporations taking plunges?
Because many of them are over-leveraged, meaning simply: they have too
much debt. Why do they have too much debt? Jefferson answered this very
question over a hundred years ago. To wit: "If the American people
ever allow private banks to control the issue of their money, first by
inflation and then by deflation, the banks and corporations that will
grow up around them, will deprive the people of their property until their
children will wake up homeless on the continent their fathers conquered."
-
- http://www.rense.com/general85/jeffer.htm
-
- Only problem with the quote is, Thomas Jefferson NEVER
said it! That's right, Mr. Jaeger. Now, I expect it from Rense.com. They
have published it several times over the last year alone. And each time
I have written them to inform them the quote is a fake, they ignore me
and continue to use the phony quote.
-
- (Rense.com has never once received such email from
Mr. Byers. Unfortunately, Mr. Byers assumes that simply sending an
email to rense.com it is 1. received and 2. that we have time to read the
thousands of emails a day that pour in. -ed)
-
- This is the "supposed" Jefferson quote:
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- "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 3rd president of the US (1743-1826),
Letter to the Secretary of the Treasury Albert Gallatin (1802)
-
- That Jefferson quote about Private Banks is supposed
to have been taken from a letter that Thomas Jefferson wrote to Treasury
Secretary Albert Gallatin in 1802.
-
- Problem is, there is NO such letter which contains this
supposed "quote".
-
- (This does not unequivocally discount the quote as
genuine or approximately so. -ed)
-
- Thomas Jefferson wrote to Secretary of the Treasury Albert
Gallatin 5 times in 1802, and NONE of those letters contain such a statement.
-
- to the secretary of the treasury (albert gallatin.)
-
-
- Washington - April 1, 1802....
- I have read and considered your report on the operations
of the sinking fund, and entirely approve of it, as the best plan on which
we can set out. http://oll.libertyfund.org/?option=com_staticxt&staticfile=show.php
- %3Ftitle=757&chapter=87341&layout=html&Itemid=27
-
- to the secretary of the treasury (albert gallatin.)
-
-
- June 19, 1802.
- With respect to the bank of Penna, their difficulties
proceed from excessive discounts...... http://oll.libertyfund.org/?option=com_staticxt&staticfile=show.php
- %3Ftitle=757&chapter=87349&layout=html&Itemid=27
-
- to the secretary of the treasury (albert gallatin.)
-
-
- Monticello - September 13, 1802.
- Dear Sir, I have always forgotten to ask of you a general
idea of the effect of the peace on our revenues so far as we have gone.....
http://oll.libertyfund.org/?option=com_staticxt&staticfile=show.php
- %3Ftitle=757&chapter=87356&layout=html&Itemid=27
-
- to the secretary of the treasury (albert gallatin.)
-
-
- October 7, 1802.
- The application of the Bank of Baltimore is of great
importance......
- http://oll.libertyfund.org/?option=com_staticxt&staticfile=show.php
- %3Ftitle=757&chapter=87358&layout=html&Itemid=27
-
- to the secretary of the treasury (albert gallatin.)
-
-
- October 13, 1802.
- You know my doubts, or rather convictions, about the
unconstitutionality of the act for building piers in the Delaware, and
the fears that it will lead to a bottomless expense, & to the greatest
abuses..... http://oll.libertyfund.org/?option=com_staticxt&staticfile=show.php
- %3Ftitle=757&chapter=87360&layout=html&Itemid=27
-
- In fact, NO LETTERS from Jefferson to Treasury Secretary
Albert Gallatin from ANY year contain that quote. Therefore, the Jefferson
quote is made up. A FAKE - PHONY - BOGUS!!!!!!!
-
- Now, I have challenged those in the past who have written
back saying the quote is "Genuine" to produce the letter the
quote has been taken from, only to NEVER hear from them again!
-
- Not to fret though, you are not alone. Just about everybody
in the Liberty-Freedom movement uses this quote, never bothering to check
and see if it is genuine.
-
- President Thomas Jefferson did write this (about Banks)
to Secretary of the Treasury Albert Gallatin in 1803:
-
- "[The] Bank of the United States... is one of the
most deadly hostility existing, against the principles and form of our
Constitution... An institution like this, penetrating by its branches every
part of the Union, acting by command and in phalanx, may, in a critical
moment, upset the government. I deem no government safe which is under
the vassalage of any self-constituted authorities, or any other authority
than that of the nation, or its regular functionaries. What an obstruction
could not this bank of the United States, with all its branch banks, be
in time of war! It might dictate to us the peace we should accept, or withdraw
its aids. Ought we then to give further growth to an institution so powerful,
so hostile?"
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- http://etext.virginia.edu/jefferson/quotations/jeff1325.htm
-
- I have posted about this several times in the past 6
months; see:
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- PHONY JEFFERSON QUOTE ON PRIVATE BANKS
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- http://www.rumormillnews.com/cgi-bin/archive.cgi/read/134357
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- I hope this helps.
-
- Steve
- (Email Witheld)
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