In response to:

Can It Happen Here?

talltexanoilfieldtrash Wrote: Mar 26, 2013 2:16 PM
This needs reposted. Drik Wrote: 2 hours ago (11:41 AM) "If the American People ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks, and corporations that grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. I sincerely believe the banking institutions, having the issuing power of money, are more dangerous to liberty than standing armies. Already they have set up a money aristocracy that has the government at defiance. The issuing power should be taken from the banks and restored to Congress and to the People, to whom it belongs." - Thomas Jefferson

The decision of the government in Cyprus to simply take money out of people's bank accounts there sent shock waves around the world. People far removed from that small island nation had to wonder: "Can this happen here?"

The economic repercussions of having people feel that their money is not safe in banks can be catastrophic. Banks are not just warehouses where money can be stored. They are crucial institutions for gathering individually modest amounts of money from millions of people and transferring that money to strangers whom those people would not directly entrust it to.

Multi-billion dollar corporations, whose economies...