Thomas Jefferson said in 1802: “I believe that BANKING INSTITUTIONS are more dangerous to our liberties than standing armies. If the American people ever allow private banks [Ed. note: The Federal Reserve Banks] to control the issue of their currency, first be 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.”
Have the words of Thomas Jefferson come true? Private banks now issue our currency and have done so since 1914 after the Federal Reserve Act took force. Apparently, Jefferson knew something that we modern Americans don’t.
Senator Rand Paul said he ran for the U.S. Senate to end the federal government’s out-of-control spending and solve our debt crisis. But that can’t be done until we tackle the source of the problem: the unaccountable Federal Reserve. As long as Ben Bernanke keeps printing money, Barack Obama will keep spending it. The establishment is stacked against the American people and Senators wanting to make
By: Porter Stansberry A little over ten years ago I founded Stansberry & Associates Investment Research. We warned about a financial crisis as it approached. Stansberry wrote: “We believe there is an even bigger crisis lurking – something that will soon shake the very foundation of America.” “In short, I want to talk about a specific event that will take place in America’s very near future which could actually bring our country and our way of life to a grinding halt.
“This looming crisis is related to the financial crisis of 2008, and the recent credit downgrade by Standard & Poor’s. But it is infinitely more dangerous.” As this problem comes to a head, Stansberry expects there to be riots in the streets, arrests on an unprecedented scale, and martial law to be enforced by the U.S. military. Stansberry said he did not make these predictions lightly. He simply followed his research to its logical conclusion. He did the same when he tracked Fannie Mae and Freddie Macs accounting, the same with General Motors, Bear Stearns and the rest. When he began giving this warning in 2006, no one took him very seriously – not at first. Most mainstream commentators just ignored him. When he presented his case and exposed the facts at economic conferences, they got ANGRY. They couldn’t refute his research, but they weren’t ready to accept the enormity of its conclusions either. No one believed Stansberry four years ago when he said the world’s largest mortgage bankers, Fannie Mae and Freddie Mac, would soon go bankrupt. No one believed him when he said General Motors would soon be bankrupt as well, or that the U.S. dollar would collapse in value and that gold and silver prices would skyrocket. But that is exactly what happened.