This from:
"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
Poor Jefferson must be rolling over in his grave today one in 138 American homes (932,234) received a default or auction notice, or were repossessed by banks in the firs quarter of this year. That is an annualized pace of 3% of all homes (ie. one in 33), which means THIS YEAR, someone on your block is having their home taken from them…
Please read that again. 3% of the homes in America are being foreclosed on NOW. 20% of the homes in America are underwater, 10% of the population is unemployed, 25% of the population is "underemployed." These numbers will not just go away because the S&P hits 1,200!
This is exactly what Jefferson was worried about over 200 years ago…
He get's it. How bout you? Want to know more? Click here.
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