Topic: Deflation

A quote attributed to Thomas Jefferson is used to explain the root cause of homelessness in America. The quote warns that if the American people allow private bankers to control the issuance of currency through inflation and deflation, they will eventually wake up homeless on the continent their fathers conquered. The host uses this historical perspective to frame current economic struggles as a deliberate result of the banking system.

In honor of a Town Lake Memorial service for the homeless on November 23, 1997, the host shares a quote attributed to Thomas Jefferson regarding private banks. The quote warns that if private bankers control the currency through inflation and deflation, the people will eventually wake up homeless. This is presented as the primary economic reason for the rise in homelessness in America.