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First by Inflation, Then by Deflation

Dr Doom
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User ID: 833993
United States
12/14/2009 12:45 PM
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First by Inflation, Then by Deflation
Isn't this exactly what has happened ?

First we had decades of inflation, now deflation.

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.

I believe that banking institutions are more dangerous to our liberties than standing armies.

The issuing power should be taken from the banks and restored to the people,
to whom it properly belongs.

Thomas Jefferson