Jefferson’s Menacing Prediction
“A private central bank issuing the public currency is a greater menace to the liberties of the people than a standing army.”
–Thomas Jefferson
The idea that central bank intervention in the economy could be a problem is nothing new. In fact, Thomas Jefferson was a big opponent of central banks and the role they play in a nation’s economy. In this quote, you see just how dangerous Jefferson considered the “menace” of a state-issued currency to our liberty.
Wisdom about money, investing and life can be found anywhere. If you have a good quote you’d like me to share with your fellow Weekly ETF Report readers, send it to me, along with any comments, questions and suggestions you have about my audio podcast, newsletters, seminars or anything else. Ask Doug.
In case you missed it, I encourage you to read my e-letter column from last week on Eagle Daily Investor about how the IMF’s growth forecast impacts investors like you. I also invite you to comment in the space provided below my Eagle Daily Investor commentary.
All the best,
Doug Fabian
Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.
His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.
