Someone recently reminded me of the below quote, the clairvoyance of the founders...
“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. The issuing power should be taken
from the banks and restored to the people, to whom it properly belongs.”
- Thomas Jefferson
Letter to the Secretary of the Treasury Albert Gallatin (1802)
Quote:
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Originally Posted by lakai
We all know the good that comes out of it, but started to bother me was the ban on short selling. Say goodbye to the free market. The worse case scenario outweighs the best case scenario. Ultimately the US has become one of the largest hedge funds using our money to hedge their bets. Taxpayers are taking all of the risk and will never see the gains.
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