--- title: "Meaning & Key Takeaway of: The system of banking have[for]ever…" description: "\"The system of banking have[for]ever reprobated. I contemplate it as a blot left in all our Constitutions, which, if not covered, will end in their dest..." image: "https://sms4smile.com/quotes/i/e26/thomas-jefferson-43_banking_the-system-of-banking-have-for-ever-repr_402738.jpg" --- # The system of banking have\[for\]ever reprobated. I… ![“The system of banking have[for]ever reprobated. I contemplate it as a blot left in all our Constitutions, which, if not covered, will end in their destruction, which is already hit by the gamblers in corruption, and is sweeping away in its progress the fortunes and morals of our citizens.” quote by Thomas Jefferson](https://sms4smile.com/quotes/i/e26/thomas-jefferson-43_banking_the-system-of-banking-have-for-ever-repr_402738.jpg) [Download](https://sms4smile.com/quotes/i/e26/thomas-jefferson-43_banking_the-system-of-banking-have-for-ever-repr_402738.jpg) [Open image](https://sms4smile.com/quotes/i/e26/thomas-jefferson-43_banking_the-system-of-banking-have-for-ever-repr_402738.jpg) > “The system of banking have\[for\]ever reprobated. I contemplate it as a blot left in all our Constitutions, which, if not covered, will end in their destruction, which is already hit by the gamblers in corruption, and is sweeping away in its progress the fortunes and morals of our citizens.” [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. It condemns banking as a corrupting force that threatens constitutional integrity and societal morals. **In simple terms:** Banking corrupts and endangers freedoms. Key Takeaway Guard against banking corruption. Themes politics economics ethics Mood cautionary serious Type historical political When to use this quote - policy making - financial regulation - public discourse - activism Key Concepts corruption constitutional risk Questions to Reflect On - What reforms could reduce banking abuse? - How balance economic benefits with moral concerns? A Different Perspective Banking may also provide stability and growth. ★ ★ ★ ★ ★ No ratings yet [Banking](https://sms4smile.com/quotes/about/banking/) [Constitution](https://sms4smile.com/quotes/about/constitution/) [Corruption](https://sms4smile.com/quotes/about/corruption/) [Destruction](https://sms4smile.com/quotes/about/destruction/) [Fortune](https://sms4smile.com/quotes/about/fortune/) [Moral](https://sms4smile.com/quotes/about/moral/) [Progress](https://sms4smile.com/quotes/about/progress/) ## Related quotes > [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/) > [The eyes of our citizens are not sufficiently open to the true cause of our distress. They ascribe them to everything but their true…](https://sms4smile.com/quotes/thomas-jefferson/the-eyes-of-our-citizens-are-not-sufficiently-open-to-the-true-cause/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and…](https://sms4smile.com/quotes/thomas-jefferson/if-the-american-people-ever-allow-private-banks-to-control-the-issue/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [We are overdone with banking institutions, which have banished the precious metals, and substituted a more fluctuating and unsafe medium... These have withdrawn capital…](https://sms4smile.com/quotes/thomas-jefferson/we-are-overdone-with-banking-institutions-which-have-banished-the/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [If we can but prevent the government from wasting the labours of the people, under the pretence of taking care of them, they must…](https://sms4smile.com/quotes/thomas-jefferson/if-we-can-but-prevent-the-government-from-wasting-the-labours-of-the/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [Many are the exercises of power reserved to the States wherein a uniformity of proceeding would be advantageous to all. Such are quarantines, health…](https://sms4smile.com/quotes/thomas-jefferson/many-are-the-exercises-of-power-reserved-to-the-states-wherein-a/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [ The issuing power \[of money\] should be taken from the banks and restored to the people, to whom it properly belongs. ](https://sms4smile.com/quotes/thomas-jefferson/the-issuing-power-of-money-should-be-taken-from-the-banks-and/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [I believe that banking institutions are more dangerous to our liberties than standing armies.](https://sms4smile.com/quotes/thomas-jefferson/i-believe-that-banking-institutions-are-more-dangerous-to-our-2/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [I sincerely believe... that banking establishments are more dangerous than standing armies.](https://sms4smile.com/quotes/thomas-jefferson/i-sincerely-believe-that-banking-establishments-are-more-dangerous-2/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity,…](https://sms4smile.com/quotes/thomas-jefferson/i-sincerely-believe-that-banking-establishments-are-more-dangerous/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [The dominion which the banking institutions have obtained over the minds of our citizens...must be broken, or it will break us.](https://sms4smile.com/quotes/thomas-jefferson/the-dominion-which-the-banking-institutions-have-obtained-over-the/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [I can scarcely contemplate a more incalculable evil than the breaking of the Union into two or more parts.](https://sms4smile.com/quotes/thomas-jefferson/i-can-scarcely-contemplate-a-more-incalculable-evil-than-the-breaking/) [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/) > [The clatter of a changing world is not pleasant, and those who have enjoyed the comforts and protection of the old order may be…](https://sms4smile.com/quotes/helen-keller/the-clatter-of-a-changing-world-is-not-pleasant-and-those-who-have/) [Helen Keller](https://sms4smile.com/quotes/author/helen-keller/) > [My mind shrank from the menace sweeping down on us, as children's do from belief in death and misfortune, vainly clinging to the fancy…](https://sms4smile.com/quotes/sylvia-pankhurst/my-mind-shrank-from-the-menace-sweeping-down-on-us-as-children-s-do/) [Sylvia Pankhurst](https://sms4smile.com/quotes/author/sylvia-pankhurst/) ## 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 Banking quotes > [If I could wave a magic wand, I'd break up the banking system.](https://sms4smile.com/quotes/kenneth-c-griffin/if-i-could-wave-a-magic-wand-i-d-break-up-the-banking-system/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and…](https://sms4smile.com/quotes/john-adams/historically-usury-was-defined-as-any-interest-whatever-on-an/) [John Adams](https://sms4smile.com/quotes/author/john-adams/) > [I am alive. Up here with the song of the engine and the air whispering on my face as the sunlight and shadows play…](https://sms4smile.com/quotes/stephen-coonts/i-am-alive-up-here-with-the-song-of-the-engine-and-the-air-whispering/) [Stephen Coonts](https://sms4smile.com/quotes/author/stephen-coonts/) > [It's not that I have any general aversion to technology but online banking just seems to be asking for trouble. You can have enough…](https://sms4smile.com/quotes/david-essex/it-s-not-that-i-have-any-general-aversion-to-technology-but-online/) [David Essex](https://sms4smile.com/quotes/author/david-essex/) > [When a government is dependent upon bankers for money, they and not the leaders of the government control the situation](https://sms4smile.com/quotes/napoleon-bonaparte/when-a-government-is-dependent-upon-bankers-for-money-they-and-not/) [Napoleon Bonaparte](https://sms4smile.com/quotes/author/napoleon-bonaparte/) > [“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises…](https://sms4smile.com/quotes/nassim-nicholas-taleb/suckers-think-that-you-cure-greed-with-money-addiction-with/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [My father was in real estate, banking, and land management. As family life, it was very conventional, happy, and comfortable. We weren't wealthy, but…](https://sms4smile.com/quotes/julia-child/my-father-was-in-real-estate-banking-and-land-management-as-family/) [Julia Child](https://sms4smile.com/quotes/author/julia-child/) > [I only know one thing: Everything I learned about the banking business, I learned in the banking towers of the Societe.](https://sms4smile.com/quotes/jerome-kerviel/i-only-know-one-thing-everything-i-learned-about-the-banking-business/) [Jerome Kerviel](https://sms4smile.com/quotes/author/jerome-kerviel/) > [I have nothing against investment banking, but it's like massaging money rather than creating money.](https://sms4smile.com/quotes/michio-kaku/i-have-nothing-against-investment-banking-but-it-s-like-massaging/) [Michio Kaku](https://sms4smile.com/quotes/author/michio-kaku/) > [If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.](https://sms4smile.com/quotes/kenneth-fisher/if-you-ve-taken-econ-101-you-know-that-the-quantity-of-money-rises/) [Kenneth Fisher](https://sms4smile.com/quotes/author/kenneth-fisher/) > [I want the best people, not just on the banking side but on innovation and technology.](https://sms4smile.com/quotes/ana-patricia-botin/i-want-the-best-people-not-just-on-the-banking-side-but-on-innovation/) [Ana Patricia Botin](https://sms4smile.com/quotes/author/ana-patricia-botin/) > [“Intellectually and compassionately explaining the reason freedom works is required for credibility.”](https://sms4smile.com/quotes/ron-paul/intellectually-and-compassionately-explaining-the-reason-freedom/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [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/) > [A banking system is an act of faith: it survives only for as long as people believe it will.](https://sms4smile.com/quotes/michael-lewis/a-banking-system-is-an-act-of-faith-it-survives-only-for-as-long-as/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow…](https://sms4smile.com/quotes/janet-yellen/for-my-own-part-i-did-not-see-and-did-not-appreciate-what-the-risks/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) [Browse all 571 Banking quotes ](https://sms4smile.com/quotes/about/banking/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The system of banking have[for]ever reprobated. 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