“I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity... is but swindling futurity on a large scale.”

--Thomas Jefferson

I provided a quote last week by the great Thomas Jefferson and, given the circumstances on Capitol Hill this week, I thought it would be fitting to go back to the genius for a little more wisdom. I think this famous quote says it all about how this Founding Father felt about a central bank.

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 Alert readers, send it to me, along with any comments, questions and suggestions you have about my radio show, newsletters, seminars or anything else. Click here to ask Doug.

Sincerely,

Doug Fabian