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Jefferson Said a Central Bank is of the Most Deadly Hostility to Liberty. Centralized Banking is Fuel for the Engine of the Corrupt Global Regime.

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Thomas Jefferson said a central bank produces many evils including non-specie (fiat-based) money and the facility to corrupt a nation.

He warned the people of America against having a central bank and we would do well to heed his words today.

“I now deny [the federal government’s] power of making paper money or anything else a legal tender.”

-Thomas Jefferson to John Taylor, 1798.

Known as the Father of Liberty, Jefferson stated a central bank is not only a bad idea, but its creation is not a right the government has.

Jefferson was opposed to paper money specifically, calling it legerdemain tricks upon paper, and he opposed the speculative nature (and eventual downfall) of all paper money that is based on nothing.

Jefferson wrote a letter to Charles Yancey in 1816, five years after the central bank brought on by Alexander Hamilton, Jefferson’s chief rival in politics, had lost its charter and the year a new one was scheduled to take its place.

In that letter, Jefferson said a central bank was unconstitutional and he attacked both speculation and paper currency.

He claimed it was vain to urge the notion of credit and that false money could produce nothing in return.

During the debates in 1791 over the creation of Hamilton’s, First Bank of the United States, Jefferson said the following:

“The incorporation of a bank and the powers assumed [by legislation doing so] have not, in my opinion, been delegated to the United States by the Constitution.”

The entire idea of the central bank in the United States was anathema to one of the core reasons the nation fought its revolutionary war against Britain.

One of the fundamental issues Americans had with the Crown was the imposition of Britain’s Bank of England on the economies of the colonies.

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Jefferson Hated Banking Monopolies

One of the most insidious aspects of a central bank, to Jefferson’s mind, was its power of monopoly over the money supply.

During his time, he saw only one total monopoly attempted in this manner, that being by the Bank of England.

Neither of the two central banks imposed by the Congress during Jefferson’s life had greater than a 20% hold on money’s production and control, but they had influence over other banks.

“The monopoly of a single bank is certainly an evil.

“The multiplication of them was intended to cure it; but it multiplied an influence of the same character with the first, and completed the supplanting of the precious metals by a paper circulation.

“Between such parties the less we meddle the better.”

– Thomas Jefferson to Albert Gallatin, 1802.

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Banks Produce War

Jefferson believed that war debt and the banking systems that profited from it actually caused more wars and prolonged them.

He sincerely believed that banking speculation, as an institution, was a pure evil that would cause nothing but strife for the people.

“Put down the banks, and if this country could not be carried through the longest war against her most powerful enemy without ever knowing the want of a dollar, without dependence on the traitorous classes of her citizens, without bearing hard on the resources of the people, or loading the public with an indefinite burden of debt, I know nothing of my countrymen.”

– Thomas Jefferson to Albert Gallatin, 1815.

Clearly, Jefferson said a central bank was a bad idea and a perfect means towards disaster and enslavement of the people of America. The truth in those words can be seen today.

The banking mafia has unyielding control over the money supply, which they regulate through the Federal Reserve Bank. 

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