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HelicopterOff Topics News & Politics › Thomas Jefferson's Warning
03-22-2009 11:58 PM  8 years agoPost 1
philip 01

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Thomas Jefferson's Warning
From Jaeger Research Institutue
3-22-9

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."

The Jefferson quote means this: When you allow a private banking cartel (the Federal Reserve) to wander from the Constitution, which states that the Congress shall coin money and this money is to be no THING but gold and silver (see Article I), this private banking cartel will put out endless amounts of fiat money (money NOT backed by gold and silver as stipulated in the Constitution) and lend it to their buddies (the corporations that surround them) at ridiculously low interest rates (i.e., rates below free-market rates), thus causing inflation (it now takes 100 pennies to buy what 5 pennies used to buy) and this will allow, if not provoke, these corporations to over-extend themselves with debt (i.e. become over-leveraged). This excessive debt on the balance sheets of these corporations (and bank corporations) will then make these publicly-traded entities less attractive to investors.

These entities will also be less attractive to investors because of assets no one can easily evaluate (toxic assets) due to their overly complex derivative nature (CDSs and CDOs). Thus investors will withdraw their money (sell their stock) in these corporations (the corporations that have grown up around the banks) and this massive sell-off will depress the entire stock market causing a depression (deflation). Many of these corporations will also go out of business or lay-off workers. Since many people have their retirement funds invested in the stocks of these corporations, they will lose this money as well as collateral and dividend income (be deprived of their property).

Since many of these people will (also) lose their jobs, they will not be able to pay their bills (and debt service on a mortgage is usually the largest bill), thus they will lose their homes (and thus they will wake up homeless on the continent their fathers conquered, as Jefferson stated). The conquered continent Jefferson refers to is America, then under British rule. Great Brittan is the very country that practically INVENTED fiat money and the very country Paul Warburg, prime architect of the Federal Reserve System. So who has really conquered who?
See FIAT EMPIRE at
http://www.FiatEmpire

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03-23-2009 02:02 AM  8 years agoPost 2
baby uh1

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St. James, Mo.

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Scary but true!

Anything is possible if you don't know what you are talking about!

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03-23-2009 02:14 AM  8 years agoPost 3
RCHSF

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NC

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100% True. This is where we are now, or heading.

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03-23-2009 09:01 AM  8 years agoPost 4
ch-47c

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san jose, ca

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We were fighting the Muslims back when he was Ambassador to France. Smart guy for sure.

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