Igor Milevskiy
Articles by this Author
A Path Out of Our Credit Nightmares
- By Igor Milevskiy
- Published 06/26/2008
- Finances
- Unrated
The system of credit in the United States is failing. With over 2.2 million home foreclosure filings in 2007 and a staggering $920 Billion of consumer credit card debt along with predictions of higher numbers to come, the words of Thomas Jefferson certainly resonate: “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”This was written in 1802 and stands as proof of the eternal wisdom and foresight of our founding fathers.
