Current Recession Is No Great Depression (We're being excessively pessimistic)

Your first Jefferson quote is bogus for sure. The UVA library has a terrific site with every valid Jefferson quote searchable by topic, he was a prolific letter writer so the site is a gold mine. He has at least 20 quotes on banks etc, but that is not one of them. Here is a real one, taken from the UVA library Jefferson collection.

"The crisis of the abuses of banking is arrived. The banks have pronounced their own sentence of death. Between two and three hundred millions of dollars of their promissory notes are in the hands of the people, for solid produce and property sold, and they formally declare they will not pay them. This is an act of bankruptcy, of course, and will be so pronounced by any court before which it shall be brought. But cui bono? The laws can only uncover their insolvency, by opening to its suitors their empty vaults. Thus by the dupery of our citizens, and tame acquiescence of our legislators, the nation is plundered of two or three hundred millions of dollars, treble the amount of debt contracted in the Revolutionary war, and which, instead of redeeming our liberty, has been expended on sumptuous houses, carriages, and dinners. A fearful tax! if equalized on all; but overwhelming and convulsive by its partial fall. Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper, as we were formerly by the old Continental paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burthen all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs. Prudent men must be on their guard in this game of Robin's alive, and take care that the spark does not extinguish in their hands. I am an enemy to all banks discounting bills or notes for anything but coin. But our whole country is so fascinated by this Jack-lantern wealth, that they will not stop short of its total and fatal explosion."

~~Thomas Jefferson to Dr. Thomas Cooper, 1814

Those links are videos of people who know what they are talking about.

Who do you think is getting paid these billion of dollars in bailout money?
“Dollar Collapse - Jim Rogers - The Fed Has Given Up”
http://www.youtube.com/watch?v=8-NQYrJgMzQ&feature=related

You don't think the managers of Bear Sterns, JPMorgan Chase, the Deutch bank, Hedge fund operators, etc, etc, haven't made billions? Go to 3:15 into this video:
“Deutch bank writes off 3.5 billlion in bad loans, and shows a profit”
http://www.youtube.com/watch?v=s9K1lSA9AHE&feature=related

All the while collecting money from the bailout at taxpayers expense!

“Bernanke Is A Liar”
http://www.youtube.com/watch?v=drJ6QxSO5gw&feature=related

Do you think these investment bankers/ Fed reserve members are in the business for charity?

Saving our Economy by Destroying the Dollar
http://www.youtube.com/watch?v=s9K1lSA9AHE&feature=related

If you want to put on your monica lewinski knee pads and suck up to these international bankers, be my guest.

Who do you think is getting paid these billion of dollars in bailout money?

Paid? Loaned.

You don't think the managers of Bear Sterns, JPMorgan Chase, the Deutch bank, Hedge fund operators, etc, etc, haven't made billions?

The Chairman of Bear Stearns, Jimmy Cayne, lost about $1 billion when Bear tanked.

“Deutch bank writes off 3.5 billlion in bad loans, and shows a profit”

Wow, their profit before the writeoff was greater than $3.5 billion! So what? By the way, that video was over a year old.

Do you think these investment bankers/ Fed reserve members are in the business for charity?

No, do you?

If you want to swallow bad information (The Fed is privately owned. LOL!), be my guest. If you want to repeat bad info and sound like an idiot, go right ahead.

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