Regarding money, Jefferson commented, “Paper is poverty … it is only the ghost of money, and not money itself.” We should remember this when we contemplate the loss of 95 percent of the purchasing power of the paper currency called “Federal Reserve notes” in less than a century. As Ben Bernanke and the Fed create trillions of new paper “dollars,” we, the richest country in history, face the possibility of a hyperinflationary collapse and accompanying impoverishment.

Jefferson on Banks - Conservative Battleline Online.

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