IS the US in Recession and whos fault is that? | Page 5 | Forex Factory

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IS the US in Recession and whos fault is that?

  • #81
  • Jan 31, 2009 3:35pm Jan 31, 2009 3:35pm
i have loved the quote that is in my signature for a very long time, nice to see some others catch on
  • #82
  • Jan 31, 2009 5:48pm Jan 31, 2009 5:48pm
Quoting bunton
I think he was on to sumfin!


“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 them 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, Letter to Treasury Secretary Albert Gallatin (1802)

Would Bernard Madoff be included in "restored to the people" description? Or how about Ken Lay? Or even George Soros? I know he was never charged or convicted of anything. England and Thailand sure thought about it though.
  • #83
  • Last Post: Feb 1, 2009 1:05am Feb 1, 2009 1:05am
Has anybody said the fractional reserve banking system is to blame. I mean how else can there be 600 Trillion in 2008 derivatives outstanding. I'm not paying back that debt with interest. Devalue the currencies first. Most of it is in USD,so, bye, bye, miss american pie, drove dollar to the levy but the levy was fuked...
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