by Dewy Morris

Created on: October 27, 2008   Last Updated: April 07, 2010

"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 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, Letter to the Secretary of the Treasury Albert Gallatin (1802)
3rd president of US (1743 - 1826)

According to our founding forefathers, they knew something that Americans today don't realize about the banking system we have. The current system is in a meltdown in the US as well as in the global community. The system is driven by credit.

It's not a meltdown as per se; but, rather a total collapse resulting in bankruptcy. The people not the system have become insolvent. At the present the government keeps pouring billions of dollars into the system a day to keep it afloat. It's like taking a pail and bailing out the water in a boat that has a hole in it that an elephant can fall through!

They're not going to fix it by pouring more money into it that they don't have to start with. The best thing they can do to solve the problem is to let it go down the tubes and restructure the entire system.

As long as the control of the currency and the issuance of it remain in private hands the problem will always be there and continue to be a real threat to the people. Look at it this way, if you had a million dollars in cash would you let a perfect stranger hold that money for you?

I hope not; but, in reality that is exactly what you do when you put your money in the bank. To them you are just an account with a figure, when you become overdrawn the first thing they do is charge you an overdraft fee. Their system is so muddled and yet it is an ancient practice that they were commonly called money changers in the days of old.

There is another way of doing business and many people find it very profitable it is called bartering. It is a very simple concept, you belong to a network and trade goods and services between the members and earn "trade dollars". You can use your trade dollars to purchase what you need or want from someone in the network. The best part about it is you don't give up or use your cash to make your purchases.

When the banks are failing and being taken

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