Send a Quote Enter a brief message. SendOk2 “The system of banking [is] a blot left in all our Constitutions, which, if not covered, will end in their destruction... 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 (1743-1826), US Founding Father, drafted the Declaration of Independence, 3rd US PresidentSource: stated in 1811 when President Jefferson refused to renew the charter for the First Bank of the United States (the 2nd central bank chartered by Congress in 1791)