The national debt is 19.3 trillion dollars. How do we fix it?

[Toddsterpatriot]

If they need money and they don't want the public to know, they just take it and the fed just gives it to them.

Who? Put names to your claims.

There was/is no reason why we gave private bankers the Federal Reserve in 1913

The Fed is part of the government.

You fucking Americans are the dumbest schmucks on the planet.

Enough about you.

The Federal Reserve is not part of the government. It's a private institution that has been granted the power to issue money.

The Federal Reserve is not part of the government

It is.

Is the Federal Reserve a privately owned corporation?

Is the Federal Reserve a privately owned corporation?

Yes and no. The Federal Reserve (the Fed) enjoys a unique public/private structure that operates within the government, but is still relatively independent of government to isolate the Fed from day-to-day political pressures in fulfilling its varying roles. As stated in The Federal Reserve System Purposes & Functions:

The Federal Reserve System is considered to be an independent central bank. It is so, however, only in the sense that its decisions do not have to be ratified by the President or anyone else in the executive branch of the government. The entire System is subject to oversight by the U.S. Congress….the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government.

...subject to oversight by the U.S. Congress... When was the last time Congress had any impact on their operation? They apparently can't even be audited.

When was the last time Congress had any impact on their operation?

Fed Gets More Power, Responsibility

They apparently can't even be audited.

http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2014.pdf

We know you worship all the corporations that sent all the jobs overseas and we know you worship the bankers too bub.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, 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 in the debate over the Re-charter of the Bank Bill (1809)

Cool fake quote!

 

[sealybobo]

Couldn't be any more clear than TJ

 

[sealybobo]

The Federal Reserve is not part of the government. It's a private institution that has been granted the power to issue money.

The Federal Reserve is not part of the government

It is.

Is the Federal Reserve a privately owned corporation?

Is the Federal Reserve a privately owned corporation?

Yes and no. The Federal Reserve (the Fed) enjoys a unique public/private structure that operates within the government, but is still relatively independent of government to isolate the Fed from day-to-day political pressures in fulfilling its varying roles. As stated in The Federal Reserve System Purposes & Functions:

The Federal Reserve System is considered to be an independent central bank. It is so, however, only in the sense that its decisions do not have to be ratified by the President or anyone else in the executive branch of the government. The entire System is subject to oversight by the U.S. Congress….the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government.

...subject to oversight by the U.S. Congress... When was the last time Congress had any impact on their operation? They apparently can't even be audited.

When was the last time Congress had any impact on their operation?

Fed Gets More Power, Responsibility

They apparently can't even be audited.

http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2014.pdf

We know you worship all the corporations that sent all the jobs overseas and we know you worship the bankers too bub.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, 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 in the debate over the Re-charter of the Bank Bill (1809)

Cool fake quote!

“I believe that banking institutions are more dangerous to our liberties than standing armies.” –Thomas Jefferson

“… The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.” -Thomas Jefferson

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” -James Madison

“If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations.” -Andrew Jackson

 

[Toddsterpatriot]

If they need money and they don't want the public to know, they just take it and the fed just gives it to them.

Who? Put names to your claims.

There was/is no reason why we gave private bankers the Federal Reserve in 1913

The Fed is part of the government.

You fucking Americans are the dumbest schmucks on the planet.

Enough about you.

The Federal Reserve is not part of the government. It's a private institution that has been granted the power to issue money.

The Federal Reserve is not part of the government

It is.

Is the Federal Reserve a privately owned corporation?

Is the Federal Reserve a privately owned corporation?

Yes and no. The Federal Reserve (the Fed) enjoys a unique public/private structure that operates within the government, but is still relatively independent of government to isolate the Fed from day-to-day political pressures in fulfilling its varying roles. As stated in The Federal Reserve System Purposes & Functions:

The Federal Reserve System is considered to be an independent central bank. It is so, however, only in the sense that its decisions do not have to be ratified by the President or anyone else in the executive branch of the government. The entire System is subject to oversight by the U.S. Congress….the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government.

...subject to oversight by the U.S. Congress... When was the last time Congress had any impact on their operation? They apparently can't even be audited.

When was the last time Congress had any impact on their operation?

Fed Gets More Power, Responsibility

They apparently can't even be audited.

http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2014.pdf

We know you worship all the corporations that sent all the jobs overseas and we know you worship the bankers too bub.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, 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 in the debate over the Re-charter of the Bank Bill (1809)

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("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") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

 

[sealybobo]

“The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.” -Abraham Lincoln
“Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions [which] would place our currency and credit system in private hands.” – Theodore Roosevelt
Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -Woodrow Wilson
Years later, reflecting on the major banks’ control in Washington, President Franklin Roosevelt paid this indirect praise to his distant predecessor President Andrew Jackson, who had “killed” the 2nd Bank of the US (an earlier type of the Federal Reserve System). After Jackson’s administration the bankers’ influence was gradually restored and increased, culminating in the passage of the Federal Reserve Act of 1913. Roosevelt knew this history.

 

[Toddsterpatriot]

Couldn't be any more clear than TJ

Yes, your idiocy is clear.

 

[sealybobo]

The Federal Reserve is not part of the government. It's a private institution that has been granted the power to issue money.

The Federal Reserve is not part of the government

It is.

Is the Federal Reserve a privately owned corporation?

Is the Federal Reserve a privately owned corporation?

Yes and no. The Federal Reserve (the Fed) enjoys a unique public/private structure that operates within the government, but is still relatively independent of government to isolate the Fed from day-to-day political pressures in fulfilling its varying roles. As stated in The Federal Reserve System Purposes & Functions:

The Federal Reserve System is considered to be an independent central bank. It is so, however, only in the sense that its decisions do not have to be ratified by the President or anyone else in the executive branch of the government. The entire System is subject to oversight by the U.S. Congress….the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government.

...subject to oversight by the U.S. Congress... When was the last time Congress had any impact on their operation? They apparently can't even be audited.

When was the last time Congress had any impact on their operation?

Fed Gets More Power, Responsibility

They apparently can't even be audited.

http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2014.pdf

We know you worship all the corporations that sent all the jobs overseas and we know you worship the bankers too bub.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, 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 in the debate over the Re-charter of the Bank Bill (1809)

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("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") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

Don't expect to ever solve the debt with dummies like you in America. Loser.

 

[ScienceRocks]

Couldn't be any more clear than TJ

Yes, your idiocy is clear.

Talking about yourself. Lol. Anyone that wants to live in the 18th century without basic government services or investments in our own country certainly lives with a lot of idiocy.

 

[Toddsterpatriot]

The Federal Reserve is not part of the government

It is.

Is the Federal Reserve a privately owned corporation?

Is the Federal Reserve a privately owned corporation?

Yes and no. The Federal Reserve (the Fed) enjoys a unique public/private structure that operates within the government, but is still relatively independent of government to isolate the Fed from day-to-day political pressures in fulfilling its varying roles. As stated in The Federal Reserve System Purposes & Functions:

The Federal Reserve System is considered to be an independent central bank. It is so, however, only in the sense that its decisions do not have to be ratified by the President or anyone else in the executive branch of the government. The entire System is subject to oversight by the U.S. Congress….the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government.

...subject to oversight by the U.S. Congress... When was the last time Congress had any impact on their operation? They apparently can't even be audited.

When was the last time Congress had any impact on their operation?

Fed Gets More Power, Responsibility

They apparently can't even be audited.

http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2014.pdf

We know you worship all the corporations that sent all the jobs overseas and we know you worship the bankers too bub.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, 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 in the debate over the Re-charter of the Bank Bill (1809)

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("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") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

Don't expect to ever solve the debt with dummies like you in America. Loser.

Why don't you post another fake quote to back up your position? Durr.

 

[Toddsterpatriot]

Couldn't be any more clear than TJ

Yes, your idiocy is clear.

Talking about yourself. Lol. Anyone that wants to live in the 18th century without basic government services or investments in our own country certainly lives with a lot of idiocy.

When you pull your head out of your ass, show me anyone who wants to do that.

Maybe use a fake quote?

 

[sealybobo]

Couldn't be any more clear than TJ

Yes, your idiocy is clear.

Talking about yourself. Lol. Anyone that wants to live in the 18th century without basic government services or investments in our own country certainly lives with a lot of idiocy.

I see this guy on other banking threads and he has the biggest hard on for banks and bankers.

Reminds me of when I try to point out we have an illegal employer problem but Republicans aren't programmed to ever go after business owners, even when they are breaking the law and ruining America. They'd rather play wack a mole with the immigrants.

Same here. Republicans say they understand the whole system is corrupt but they refuse to blame the rich who've waged class warfare on us and they are winning. They say it's our fault the rich have never been richer.

The debt is our fault and the rich never been richer are both our fault. LOL

 

[ScienceRocks]

The Federal Reserve is not part of the government

It is.

Is the Federal Reserve a privately owned corporation?

Is the Federal Reserve a privately owned corporation?

Yes and no. The Federal Reserve (the Fed) enjoys a unique public/private structure that operates within the government, but is still relatively independent of government to isolate the Fed from day-to-day political pressures in fulfilling its varying roles. As stated in The Federal Reserve System Purposes & Functions:

The Federal Reserve System is considered to be an independent central bank. It is so, however, only in the sense that its decisions do not have to be ratified by the President or anyone else in the executive branch of the government. The entire System is subject to oversight by the U.S. Congress….the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government.

...subject to oversight by the U.S. Congress... When was the last time Congress had any impact on their operation? They apparently can't even be audited.

When was the last time Congress had any impact on their operation?

Fed Gets More Power, Responsibility

They apparently can't even be audited.

http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2014.pdf

We know you worship all the corporations that sent all the jobs overseas and we know you worship the bankers too bub.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, 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 in the debate over the Re-charter of the Bank Bill (1809)

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("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") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

Don't expect to ever solve the debt with dummies like you in America. Loser.

Exactly,

Cutting infrastructure, science, r&d and education will weaken our economy(make it much smaller). This will of course mean less jobs = less revenue to pay back the debt. The problem with loserterianism is less government enforcing of anti-trust laws, regulations and making it fair for small businesses will mean a much smaller middle class which once again = a much smaller overall economy to pay back the debt. A couple Huge corporations controlling the entire market place will mean less pay and less jobs for Americans.

I certainly agree that we should work to cut the debt but the loserterian, "I hate government and let the private sector control everything" is a sure loser.

We cut the debt by getting out of decadal wars, cutting waste, fixing healthcare, and yes getting the poor back to work so we don't have to dole out as much welfare. Less Investments = a weaker economy.

And also YES, we should tax the top 1% by closing the cheating loop holes.

 

[sealybobo]

Is the Federal Reserve a privately owned corporation?

...subject to oversight by the U.S. Congress... When was the last time Congress had any impact on their operation? They apparently can't even be audited.

When was the last time Congress had any impact on their operation?

Fed Gets More Power, Responsibility

They apparently can't even be audited.

http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2014.pdf

We know you worship all the corporations that sent all the jobs overseas and we know you worship the bankers too bub.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, 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 in the debate over the Re-charter of the Bank Bill (1809)

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("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") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

Don't expect to ever solve the debt with dummies like you in America. Loser.

Why don't you post another fake quote to back up your position? Durr.

All real quotes dumbo. You guys love to quote the founders when their quotes back your position but want to pretend they are fake quotes whenever they say anything about warning that the rich could get too powerful.

You are sooo brainwashed.

In a letter to Joseph Milligan on April 6, 1816, Thomas Jefferson explicitly suggested that if individuals became so rich that their wealth could influence or challenge government, then their wealth should be decreased upon their death. He wrote, "If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree..." - See more at: How Rich is Too Rich For Democracy?

You fucking retard.

 

[sealybobo]

Is the Federal Reserve a privately owned corporation?

...subject to oversight by the U.S. Congress... When was the last time Congress had any impact on their operation? They apparently can't even be audited.

When was the last time Congress had any impact on their operation?

Fed Gets More Power, Responsibility

They apparently can't even be audited.

http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2014.pdf

We know you worship all the corporations that sent all the jobs overseas and we know you worship the bankers too bub.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, 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 in the debate over the Re-charter of the Bank Bill (1809)

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("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") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

Don't expect to ever solve the debt with dummies like you in America. Loser.

Exactly,

Cutting infrastructure, science, r&d and education will weaken our economy(make it much smaller). This will of course mean less jobs = less revenue to pay back the debt. The problem with loserterianism is less government enforcing of anti-trust laws, regulations and making it fair for small businesses will mean a much smaller middle class which once again = a much smaller overall economy to pay back the debt. A couple Huge corporations controlling the entire market place will mean less pay and less jobs for Americans.

I certainly agree that we should work to cut the debt but the loserterian, "I hate government and let the private sector control everything" is a sure loser.

We cut the debt by getting out of decadal wars, cutting waste, fixing healthcare, and yes getting the poor back to work so we don't have to dole out as much welfare. Less Investments = a weaker economy.

But these losers will deregulate the banks again and start a new war with Iran. And triple the defense budget.

 

[Toddsterpatriot]

When was the last time Congress had any impact on their operation?

Fed Gets More Power, Responsibility

They apparently can't even be audited.

http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2014.pdf

We know you worship all the corporations that sent all the jobs overseas and we know you worship the bankers too bub.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, 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 in the debate over the Re-charter of the Bank Bill (1809)

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("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") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

Don't expect to ever solve the debt with dummies like you in America. Loser.

Why don't you post another fake quote to back up your position? Durr.

All real quotes dumbo. You guys love to quote the founders when their quotes back your position but want to pretend they are fake quotes whenever they say anything about warning that the rich could get too powerful.

You are sooo brainwashed.

In a letter to Joseph Milligan on April 6, 1816, Thomas Jefferson explicitly suggested that if individuals became so rich that their wealth could influence or challenge government, then their wealth should be decreased upon their death. He wrote, "If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree..." - See more at: How Rich is Too Rich For Democracy?

You fucking retard.

All real quotes dumbo.

Gee, who should I believe, Monticello.org, or some idiot named sealybobo? LOL!

 

[SmokeALib]

Bring manufacturing back to the U.S. Offer tax incentives, scale back the nazi epa, get the government out of the way, they will come back. In other words, vote the Democrats OUT. This debt has weakened us as a country, and must be fixed.

You think the GOP is going to solve the DEBT? You're dumber than I thought.

I didn't say that. It will take a generation to fix this mess. But leftist regulation and spending policies will increase the problem.

 

[Toddsterpatriot]

When was the last time Congress had any impact on their operation?

Fed Gets More Power, Responsibility

They apparently can't even be audited.

http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2014.pdf

We know you worship all the corporations that sent all the jobs overseas and we know you worship the bankers too bub.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, 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 in the debate over the Re-charter of the Bank Bill (1809)

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("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") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

Don't expect to ever solve the debt with dummies like you in America. Loser.

Exactly,

Cutting infrastructure, science, r&d and education will weaken our economy(make it much smaller). This will of course mean less jobs = less revenue to pay back the debt. The problem with loserterianism is less government enforcing of anti-trust laws, regulations and making it fair for small businesses will mean a much smaller middle class which once again = a much smaller overall economy to pay back the debt. A couple Huge corporations controlling the entire market place will mean less pay and less jobs for Americans.

I certainly agree that we should work to cut the debt but the loserterian, "I hate government and let the private sector control everything" is a sure loser.

We cut the debt by getting out of decadal wars, cutting waste, fixing healthcare, and yes getting the poor back to work so we don't have to dole out as much welfare. Less Investments = a weaker economy.

But these losers will deregulate the banks again and start a new war with Iran. And triple the defense budget.

deregulate the banks again

Again? When was the last time?

 

[Toddsterpatriot]

Is the Federal Reserve a privately owned corporation?

...subject to oversight by the U.S. Congress... When was the last time Congress had any impact on their operation? They apparently can't even be audited.

When was the last time Congress had any impact on their operation?

Fed Gets More Power, Responsibility

They apparently can't even be audited.

http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2014.pdf

We know you worship all the corporations that sent all the jobs overseas and we know you worship the bankers too bub.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, 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 in the debate over the Re-charter of the Bank Bill (1809)

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("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") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

Don't expect to ever solve the debt with dummies like you in America. Loser.

Exactly,

Cutting infrastructure, science, r&d and education will weaken our economy(make it much smaller). This will of course mean less jobs = less revenue to pay back the debt. The problem with loserterianism is less government enforcing of anti-trust laws, regulations and making it fair for small businesses will mean a much smaller middle class which once again = a much smaller overall economy to pay back the debt. A couple Huge corporations controlling the entire market place will mean less pay and less jobs for Americans.

I certainly agree that we should work to cut the debt but the loserterian, "I hate government and let the private sector control everything" is a sure loser.

We cut the debt by getting out of decadal wars, cutting waste, fixing healthcare, and yes getting the poor back to work so we don't have to dole out as much welfare. Less Investments = a weaker economy.

And also YES, we should tax the top 1% by closing the cheating loop holes.

And also YES, we should tax the top 1% by closing the cheating loop holes.

You have a list of those?

 

[sealybobo]

We know you worship all the corporations that sent all the jobs overseas and we know you worship the bankers too bub.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, 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 in the debate over the Re-charter of the Bank Bill (1809)

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("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") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

Don't expect to ever solve the debt with dummies like you in America. Loser.

Why don't you post another fake quote to back up your position? Durr.

All real quotes dumbo. You guys love to quote the founders when their quotes back your position but want to pretend they are fake quotes whenever they say anything about warning that the rich could get too powerful.

You are sooo brainwashed.

In a letter to Joseph Milligan on April 6, 1816, Thomas Jefferson explicitly suggested that if individuals became so rich that their wealth could influence or challenge government, then their wealth should be decreased upon their death. He wrote, "If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree..." - See more at: How Rich is Too Rich For Democracy?

You fucking retard.

All real quotes dumbo.

Gee, who should I believe, Monticello.org, or some idiot named sealybobo? LOL!

Do you doubt this?

In a letter to Joseph Milligan on April 6, 1816, Thomas Jefferson explicitly suggested that if individuals became so rich that their wealth could influence or challenge government, then their wealth should be decreased upon their death. He wrote, "If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree..."

 

[sealybobo]

We know you worship all the corporations that sent all the jobs overseas and we know you worship the bankers too bub.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, 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 in the debate over the Re-charter of the Bank Bill (1809)

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("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") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

Don't expect to ever solve the debt with dummies like you in America. Loser.

Exactly,

Cutting infrastructure, science, r&d and education will weaken our economy(make it much smaller). This will of course mean less jobs = less revenue to pay back the debt. The problem with loserterianism is less government enforcing of anti-trust laws, regulations and making it fair for small businesses will mean a much smaller middle class which once again = a much smaller overall economy to pay back the debt. A couple Huge corporations controlling the entire market place will mean less pay and less jobs for Americans.

I certainly agree that we should work to cut the debt but the loserterian, "I hate government and let the private sector control everything" is a sure loser.

We cut the debt by getting out of decadal wars, cutting waste, fixing healthcare, and yes getting the poor back to work so we don't have to dole out as much welfare. Less Investments = a weaker economy.

But these losers will deregulate the banks again and start a new war with Iran. And triple the defense budget.

deregulate the banks again

Again? When was the last time?

You don't remember? Then why are we talking to a fucking retard?

Bush loosened the rules on how much money a bank had to keep in reserves in case of an emergency because we were teetering on the brink of recession.

If you don't remember that maybe you have selective/revisionist memory. Put the Rush and Fox down stupid!