One of our most powerful quotes against the banking system - FALSE?

[CyberTootie]

"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 them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."

I was searching for the quote we all know to make sure I used it correctly when I stumbled upon this:
http://www.snopes.com/quotes/jefferson/banks.asp

In addition to the lack of documentation, an entry in Respectfully Quoted: A Dictionary of Quotations labels this quotation as "obviously spurious" for contextual reasons, noting that the Oxford English Dictionary's (OED) earliest citation for the word "deflation" (as related to currency) dates only to 1920. (The OED's earliest citation for the word "inflation" used in a financial sense dates to 1838, which means that usage might have been known during Jefferson's lifetime.)

[Marenco]

It is fake, but he did say this about banking.

And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

Thomas Jefferson, 3rd US President, in a letter to John Taylor in 1816

http://www.monticello.org/site/jeffe...tation#_note-3

[FauxCapitalist]

http://fauxcapitalist.com/2011/09/11...s-about-money/

"Bill Still, producer of The Money Masters and The Secret of Oz, and Andy Gause, author of The Secret World of Money, have finally blown the whistle on fake quotes about money.

On the August 27, 2011 episode of Erskine Overnight, Gause pointed out that a quotation about private banks that is commonly attributed to Thomas Jefferson is likely not authentic.

...

[CyberTootie]

Thanks for the info!