Gold Daily and Silver Weekly Charts – Plus C’est la Même Chose – Restless

from Jesse’s Café Américain

“That we are overdone with banking institutions which have banished the precious metals and substituted a more fluctuating and unsafe medium, that these have withdrawn capital from useful improvements and employments to nourish idleness, that the wars of the world have swollen our commerce beyond the wholesome limits of exchanging our own productions for our own wants, and that, for the emolument of a small proportion of our society who prefer these demoralizing pursuits to labors useful to the whole, the peace of the whole is endangered and all our present difficulties produced, are evils more easily to be deplored than remedied.” – Thomas Jefferson, 14 March 1810

And the remedy was not found for this corruption of the banking system cited by Jefferson until the coming of ‘Old Hickory,’ who although with Jefferson is sometimes reviled by the oligarchs and statists of today, nevertheless brought reform and relief to the general public, for whom they never broke their faith or betrayed their confidence, despite all the failings and shortcomings of their times.

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.

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