Tuesday, November 11, 2008

My Favorite Article this week....

"The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered. "
- Thomas Jefferson

For those of you who are unaware I have ALOT of time on my hands. That time is being translated into random topic blogging. I have been doing some studying of the founding fathers and found the Thomas Jefferson quote above to be very pertinent to problems we are facing today. All other issues aside the #1 problem we need to address is the economy.

I have a new favorite blog and there is a post that should scare the (insert whatever here) out of you! If you took basic math just look over the pictures of the fed charts and try to figure out HOW anyone can fix the problem. Maybe not even fix the problem but shield the fall. It is big and it is going to hit hard. The graphs were actually making me laugh. What do these people think???

http://benbittrolff.blogspot.com/2008/11/really-scary-fed-charts-nov-us-bankrupt.html

So what do I think we are in for?? I will let Thomas Jefferson tell us again:
“If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, and give the earnings of fifteen of these to the government for their debts and daily expenses; And the sixteen being insufficient to afford us bread, we must live, as they do now, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account; But be glad to obtain subsistence by hiring ourselves to rivet their chains around the necks of our fellow sufferers; And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second, that second for a third, and so on 'til the bulk of society is reduced to mere automatons of misery, to have no sensibilities left but for sinning and suffering...and the forehorse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.”

3 comments:

Kate said...

Who is the bottom quote from?

Diane said...

The bottom quote is also Thomas Jefferson. I am reading a lot of history...Stuff I never learned in school.

Nikki said...

Really scary and depressing but all we can do is try to prepare ourselves.