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 (1743-1826)
The above quote may have been said in late 18th century, but it has become very true today. A bank is a place where one can safely deposit money and earn some interest paid by the bank, for we are actually lending our money to them. So we thought, just like one believes that all the customers' money is in their vault. They have been given the power to create more money and lend it back to customers as loans, mortgages, credit cards and other instruments at a much higher interest .Ever notice what they give us on our little savings account? Not much at all, you will be lucky if you can get 2 % and that's if you can open an online account, where there are not many fees compared to the bigger national banks that have branches all over. I was recently offered a chequing account with a monthly fee of $12.95 for unlimited transactions. The bank teller actually asked me for my age, saying that there were no charge for seniors over 65. I replied "Do i look like a senior eh?"
On a more serious note, people at a Citibank in NYC got arrested yesterday because they wanted to close their accounts. Bank officials claimed that the customers did not want to leave and were disturbing the peace, and called the police. Oh the customers were locked in while waiting for the police.
check out the video below:
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