Lessons are repeated until they are learned

[culpeper]

If this isn't the right place for this post, please feel free to move it.

Quote of the Week
'I believe that banking institutions are more dangerous to our liberties than standing armies. 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 the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.'
Thomas Jefferson 1802

[Quint]

Now we have both private banks that control the currency and multiple standing armies.

You can see what the results are.

Bet this country was really something to see back before Liberty died.

[Alice In TX/MO]

And a Socialist running for president.

Interesting times.

[RosewoodfarmVA]

The only thing worse than private banks controlling currency and a standing military is government banks and a standing military. With the recent government bailouts of banks meaning we now have government run banks, we're in for some bad stuff!

[Cindy in PA]

Originally Posted by RosewoodfarmVA

The only thing worse than private banks controlling currency and a standing military is government banks and a standing military. With the recent government bailouts of banks meaning we now have government run banks, we're in for some bad stuff!

We now have banks using our tax dollars to buy other banks with the blessing of the Treasury Dept. So these banks took huge risks during the imaginary boom and now they don't have to see the downside, but instead get my tax dollars to play with. In addition they are hoping for another rate cut, so those of us who save get NOTHING on it while they use it and loan it to people with CC's for up to 30% interest. The extremely low interest rate that went on for too long got us into this and now our fine government is making sure those of us that play by the rules never get ahead. Speaking of "spreading the wealth around"....................... Oh gosh they're too big to fail........................ If we never hit bottom, we will never again be strong.