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Someone predicted this economic collapse A year ago, who?

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September 16, 2008 – Comments (5)

Top Post Comment on digg.com on video: 

There was someone else who predicted this. 200 YEARS AGO!

Thomas Jefferson in 1802 in a letter to then Secretary of the Treasury, Albert Gallatin:


"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."

5 Comments – Post Your Own

#1) On September 16, 2008 at 4:01 PM, abitare (63.42) wrote:

FYI - AnomaLee found an outstanding Peter Schiff video:

 

 

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#2) On September 16, 2008 at 4:19 PM, kdakota630 (29.66) wrote:

Excellent Ron Paul clip.

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#3) On September 16, 2008 at 5:57 PM, lquadland10 (< 20) wrote:

Yep Ron Paul did. Now can you answer me a question? Why is he doing the same hand signs that bush pope queen and others? Good guy Bad Guy. Was Kennedy himself in one of the secret socity guys? What is the history here.

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#4) On September 16, 2008 at 6:01 PM, lquadland10 (< 20) wrote:

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#5) On September 17, 2008 at 10:49 AM, Zanibel17 (97.60) wrote:

Ares, you should know I love Ron Paul, but in fairness there were a ton of us here on CAPS and across the financial blogosphere predicting that what is happening to first to the mortgage lending industry and subsequently the banking industry would happen.

You personally predicted much of this as did I, here, here, here, and here.

The difference between us (including Ron Paul) and those flipping yahoos on Wall Street and in Washington is that our opinions don't matter.  Until you are a Wharton, Harvard, Yale, or Princeton Business school grad, or unless you are a powerful member of the Washington elite you can predict the turns in the market all you want and nobody in the press or on Wall Street or in Washington will ever listen, nor give you credit when you're right!

You can say, "we told you so," all you want, but you'll never get those idiots on CNBC to acknowledge that there was plenty of advance warning for what's happening now, and that they just chose to ignore it. 

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