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About this quote

What does it mean?
Banks control economic stability and can manipulate financial conditions at will.
In plain terms
Banks control money and can ruin or save fortunes easily.
What can you take from it?
Be aware of how banks control financial stability.

Where it applies

  • financial planning
  • economic policy
  • investment

Putting it to work

  • diversify investments
  • monitor banking policies
  • advocate for reform

Questions to consider

  • Who really controls the economy?
  • How safe is your money?

Another view

Banks are regulated to prevent such arbitrary control.

More from Thomas Jefferson

  1. The system of banking we have both equally and ever reprobated . I contemplate it as a blot left in all our constitutions, which, if not covered, will end in t…

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  2. The incorporation of a bank and the powers assumed [by legislation doing so] have not, in my opinion, been delegated to the United States by the Constitution. …

    Permalink to quote #173
  3. To the existence of banks of discount for cash... there can be no objection, because there can be no danger of abuse, and they are a convenience both to mercha…

    Permalink to quote #170

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