--- title: "Meaning & Key Takeaway of: Everything predicted by the enemies of…" description: "\"“Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is crue..." image: "https://sms4smile.com/quotes/i/ffd/thomas-jefferson-43_bank-paper_everything-predicted-by-the-enemies-of-b_1047232.jpg" --- # Everything predicted by the enemies of banks, in the… ![“Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they…” quote by Thomas Jefferson](https://sms4smile.com/quotes/i/ffd/thomas-jefferson-43_bank-paper_everything-predicted-by-the-enemies-of-b_1047232.jpg) [Download](https://sms4smile.com/quotes/i/ffd/thomas-jefferson-43_bank-paper_everything-predicted-by-the-enemies-of-b_1047232.jpg) [Open image](https://sms4smile.com/quotes/i/ffd/thomas-jefferson-43_bank-paper_everything-predicted-by-the-enemies-of-b_1047232.jpg) > ““Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs.”” [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Banks are over‑leveraged, creating a flood of paper money that threatens the economy; speculation replaces productive investment. **In simple terms:** Bank speculation harms the real economy. Key Takeaway Demand responsible banking and productive use of capital. Themes economics finance speculation political philosophy Mood concerned critical Type political economic When to use this quote - government policy - investment decisions - public debate - financial planning Key Concepts capital allocation inflation financial crisis regulation wealth distribution Questions to Reflect On - How can we balance capital allocation between speculation and productive use? - What safeguards protect economies from bank‑driven inflation? A Different Perspective Speculation can also fund innovation if regulated. ★ ★ ★ ★ ★ No ratings yet [Bank Paper](https://sms4smile.com/quotes/about/bank-paper-1881586/) [Banks](https://sms4smile.com/quotes/about/banks/) [Banks Beginning](https://sms4smile.com/quotes/about/banks-beginning-2484109/) [Business](https://sms4smile.com/quotes/about/business/) [Cruel Revolutions](https://sms4smile.com/quotes/about/cruel-revolutions-2484111/) [Enemies Banks](https://sms4smile.com/quotes/about/enemies-banks-2484110/) [Fortunes](https://sms4smile.com/quotes/about/fortunes/) [Wealth](https://sms4smile.com/quotes/about/wealth/) ## Related quotes > [Bank-paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs.](https://sms4smile.com/quotes/thomas-jefferson/bank-paper-must-be-suppressed-and-the-circulating-medium-must-be/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [I got so much money I should start a bank. So much paper right in front of me it's hard to think.](https://sms4smile.com/quotes/wiz-khalifa/i-got-so-much-money-i-should-start-a-bank-so-much-paper-right-in/) [Wiz Khalifa](https://sms4smile.com/quotes/author/wiz-khalifa/) > [It is with government paper, and bank paper, as it is with the paper of private persons; that is, it is worth just what…](https://sms4smile.com/quotes/lysander-spooner/it-is-with-government-paper-and-bank-paper-as-it-is-with-the-paper-of/) [Lysander Spooner](https://sms4smile.com/quotes/author/lysander-spooner/) > [Banking establishments are more dangerous than standing armies](https://sms4smile.com/quotes/thomas-jefferson/banking-establishments-are-more-dangerous-than-standing-armies/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [The banks themselves were doing business on capitals three-fourths of which were fictitious. This fictitious capital... is now to be lost, and to fall…](https://sms4smile.com/quotes/thomas-jefferson/the-banks-themselves-were-doing-business-on-capitals-three-fourths-of/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has…](https://sms4smile.com/quotes/thomas-jefferson/i-believe-that-banking-institutions-are-more-dangerous-to-our-4/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [Big banks are more dangerous than standing armies, and the practice of borrowing and spending money to be paid back by the next generation…](https://sms4smile.com/quotes/thomas-jefferson/big-banks-are-more-dangerous-than-standing-armies-and-the-practice-of/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [People don't have fortunes left them in that style nowadays; men have to work and women to marry for money. It's a dreadfully unjust…](https://sms4smile.com/quotes/louisa-may-alcott/people-don-t-have-fortunes-left-them-in-that-style-nowadays-men-have/) [Louisa May Alcott](https://sms4smile.com/quotes/author/louisa-may-alcott/) > [I see men's judgments are A parcel of their fortunes; and things outward Do draw the inward quality after them, To suffer all alike.](https://sms4smile.com/quotes/william-shakespeare/i-see-men-s-judgments-are-a-parcel-of-their-fortunes-and-things/) [William Shakespeare](https://sms4smile.com/quotes/author/william-shakespeare/) > [I have seen men hazard their fortunes, go on long journeys halfway around the world, forge friendships, even lie, cheat and steal, all for…](https://sms4smile.com/quotes/anonymous/i-have-seen-men-hazard-their-fortunes-go-on-long-journeys-halfway/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“Madame Valenska sat down in one of the chairs. “Whose fortune shall I tell first?” she asked the girls. Nancy stepped forward. “Mine. I…](https://sms4smile.com/quotes/carolyn-keene/madame-valenska-sat-down-in-one-of-the-chairs-whose-fortune-shall-i/) [Carolyn Keene](https://sms4smile.com/quotes/author/carolyn-keene/) > [Neither fortunes nor flowers last forever.](https://sms4smile.com/quotes/chinese-proverb/neither-fortunes-nor-flowers-last-forever/) [Chinese Proverb](https://sms4smile.com/quotes/author/chinese-proverb/) > [“He told me it was for men of desperate fortunes on one hand, or of aspiring, superior fortune on the other, who when abroad…](https://sms4smile.com/quotes/daniel-defoe/he-told-me-it-was-for-men-of-desperate-fortunes-on-one-hand-or-of/) [Daniel Defoe](https://sms4smile.com/quotes/author/daniel-defoe/) > [Let yesterday's misfortunes be today's fortunes.](https://sms4smile.com/quotes/joseph-owusu/let-yesterday-s-misfortunes-be-today-s-fortunes/) [Joseph Owusu](https://sms4smile.com/quotes/author/joseph-owusu/) > [We make our fortunes and we call them fate.](https://sms4smile.com/quotes/benjamin-disraeli/we-make-our-fortunes-and-we-call-them-fate/) [Benjamin Disraeli](https://sms4smile.com/quotes/author/benjamin-disraeli/) ## More by Thomas Jefferson > [A man has a right to use a saw, an axe, a plane, separately; may he not combine their uses on the same piece…](https://sms4smile.com/quotes/thomas-jefferson/a-man-has-a-right-to-use-a-saw-an-axe-a-plane-separately-may-he-not/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [Believing with you that religion is a matter which lies solely between man and his God, that he owes account to none other for…](https://sms4smile.com/quotes/thomas-jefferson/believing-with-you-that-religion-is-a-matter-which-lies-solely/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [ \[States and the Federal government are\] coordinate departments of one simple and integral whole... The one is the domestic, the other the foreign branch… ](https://sms4smile.com/quotes/thomas-jefferson/states-and-the-federal-government-are-coordinate-departments-of-one/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [I am for freedom of religion, and against all maneuvers to bring about a legal ascendency of one sect over another.](https://sms4smile.com/quotes/thomas-jefferson/i-am-for-freedom-of-religion-and-against-all-maneuvers-to-bring-about/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [Single acts of tyranny may be ascribed to the accidental opinion of a day; but a series of oppressions, begun at a distinguished period…](https://sms4smile.com/quotes/thomas-jefferson/single-acts-of-tyranny-may-be-ascribed-to-the-accidental-opinion-of-a/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [“Perceiving the order of nature to be that individual happiness shall be inseparable from the practice of virtue, I am willing to hope it…](https://sms4smile.com/quotes/thomas-jefferson/perceiving-the-order-of-nature-to-be-that-individual-happiness-shall/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [Free government is founded in jealousy, and not in confidence; it is jealousy, and not confidence, which prescribes limited constitutions, to bind down those…](https://sms4smile.com/quotes/thomas-jefferson/free-government-is-founded-in-jealousy-and-not-in-confidence-it-is/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [Though you cannot see, when you take one step, what will be the next, yet follow truth, justice, and plain dealing, and never fear…](https://sms4smile.com/quotes/thomas-jefferson/though-you-cannot-see-when-you-take-one-step-what-will-be-the-next/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [A well informed citizenry is the best defense against tyranny.](https://sms4smile.com/quotes/thomas-jefferson/a-well-informed-citizenry-is-the-best-defense-against-tyranny/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [The two principles on which our conduct towards the Indians should be founded are justice and fear. After the injuries we have done them,…](https://sms4smile.com/quotes/thomas-jefferson/the-two-principles-on-which-our-conduct-towards-the-indians-should-be/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [Knowledge is power...knowled ge is safety...knowle dge is happiness.](https://sms4smile.com/quotes/thomas-jefferson/knowledge-is-power-knowled-ge-is-safety-knowle-dge-is-happiness/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [There is... an artificial aristocracy founded on wealth and birth, without either virtue or talents... The artificial aristocracy is a mischievous ingredient in government,…](https://sms4smile.com/quotes/thomas-jefferson/there-is-an-artificial-aristocracy-founded-on-wealth-and-birth/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [Nothing but free argument, raillery and even ridicule will preserve the purity of religion.](https://sms4smile.com/quotes/thomas-jefferson/nothing-but-free-argument-raillery-and-even-ridicule-will-preserve/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [When the people are afraid of the government, that's tyranny. But when the government is afraid of the people, that's liberty.](https://sms4smile.com/quotes/thomas-jefferson/when-the-people-are-afraid-of-the-government-that-s-tyranny-but-when/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [“We hold these truths to be self-evident, that all men are created equal, that they are endowed, by their Creator, with certain unalienable Rights,…](https://sms4smile.com/quotes/thomas-jefferson/we-hold-these-truths-to-be-self-evident-that-all-men-are-created/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) [Explore all 2,098 Thomas Jefferson quotes ](https://sms4smile.com/quotes/author/thomas-jefferson/) ## More Banks quotes > [What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is…](https://sms4smile.com/quotes/warren-stephens/what-we-prefer-to-do-is-operate-our-investment-bank-in-a-way-that-is/) [Warren Stephens](https://sms4smile.com/quotes/author/warren-stephens/) > [We now have power under the Dodd-Frank legislation to break up banks. And I've said I will use that power if they pose a…](https://sms4smile.com/quotes/hillary-clinton/we-now-have-power-under-the-dodd-frank-legislation-to-break-up-banks/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [“Ever notice how the same politicians who claim to be against trickle-down economics have no problem bailing out banks and other politically connected businesses?”](https://sms4smile.com/quotes/colin-m-mcgroarty/ever-notice-how-the-same-politicians-who-claim-to-be-against-trickle/) [Colin M. McGroarty](https://sms4smile.com/quotes/author/colin-m-mcgroarty/) > [My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the…](https://sms4smile.com/quotes/nassim-nicholas-taleb/my-nightmare-scenario-is-that-the-government-saves-citibank-once/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [“The rich run a global system that allows them to accumulate capital and pay the lowest possible price for labour. The freedom that results…](https://sms4smile.com/quotes/charles-moore/the-rich-run-a-global-system-that-allows-them-to-accumulate-capital/) [Charles Moore](https://sms4smile.com/quotes/author/charles-moore/) > [With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans…](https://sms4smile.com/quotes/elizabeth-warren/with-post-offices-and-postal-workers-already-on-the-ground-usps-could/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [Much of what Germany and France have done in the rescue of Greece has also helped German and French banks, who for a long…](https://sms4smile.com/quotes/mario-monti/much-of-what-germany-and-france-have-done-in-the-rescue-of-greece-has/) [Mario Monti](https://sms4smile.com/quotes/author/mario-monti/) > [The world needs banking but it does not need banks.](https://sms4smile.com/quotes/bill-gates/the-world-needs-banking-but-it-does-not-need-banks/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [Banks are the temples of America. This is a holy war. Our economy is our religion.](https://sms4smile.com/quotes/giannina-braschi/banks-are-the-temples-of-america-this-is-a-holy-war-our-economy-is/) [Giannina Braschi](https://sms4smile.com/quotes/author/giannina-braschi/) > [In the old days we were the challenger brand competing against the big banks, but today I go round the world and I sit…](https://sms4smile.com/quotes/lloyd-dorfman/in-the-old-days-we-were-the-challenger-brand-competing-against-the/) [Lloyd Dorfman](https://sms4smile.com/quotes/author/lloyd-dorfman/) > [“The kind of data and the data-analytical perspective privy to banks is quite unique to banks.”](https://sms4smile.com/quotes/hendrith-vanlon-smith-jr-ceo-of-mayflower-plymouth/the-kind-of-data-and-the-data-analytical-perspective-privy-to-banks/) [Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth](https://sms4smile.com/quotes/author/hendrith-vanlon-smith-jr-ceo-of-mayflower-plymouth/) > [My father, Cecil Banks Mullis, and mother, formerly Bernice Alberta Barker, grew up in rural North Carolina in the foothills of the Blue Ridge…](https://sms4smile.com/quotes/kary-mullis/my-father-cecil-banks-mullis-and-mother-formerly-bernice-alberta/) [Kary Mullis](https://sms4smile.com/quotes/author/kary-mullis/) > [If your only arbiter of anything is money, really you should... go and rob banks.](https://sms4smile.com/quotes/bruce-dickinson/if-your-only-arbiter-of-anything-is-money-really-you-should-go-and/) [Bruce Dickinson](https://sms4smile.com/quotes/author/bruce-dickinson/) > [No paper trail means no banks. And no banks means cash houses. -Mia](https://sms4smile.com/quotes/fast-five/no-paper-trail-means-no-banks-and-no-banks-means-cash-houses-mia/) [Fast Five](https://sms4smile.com/quotes/author/fast-five/) > [I did something that challenged the banking world. Conventional banks look for the rich; we look for the absolutely poor. All people are entrepreneurs,…](https://sms4smile.com/quotes/muhammad-yunus/i-did-something-that-challenged-the-banking-world-conventional-banks/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) [Browse all 387 Banks quotes ](https://sms4smile.com/quotes/about/banks/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. 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