Tyler Jorgenson

I came across this quote today:

I believe that banking institutions are more dangerous to our liberties than standing armies.
– Thomas Jefferson

It seems pretty prophetic now especially when one thinks about how far and deep the impact of the the sub prime loan crash is being felt. I have friends in South Africa that are feeling the effects, friends traveling to Germany are concerned about a weak dollar as they exchange to the Euro, and hey, don’t forget about my colleague that just told me yesterday he let his house go to foreclosure when the market dropped $100k below what he owed on it.

Here’s another quote that people could have listened to and, had they headed his warning, we may not be seeing such a crazy popping of the bubble.

Do not bite at the bait of pleasure till you know there is no hook beneath it.

– Thomas Jefferson