Home Owning vs. Homelessness-Corps, Banking, Inflation, Deflation Related Dangers per Thomas Jefferson, Ford, Monticello–What MHPros-Officials Should Know-Sunday Weekly MHVille Headlines Review

 

HomeowningVsHomelessnessCorporationsBankingInflationDeflationRelatedDangersPerThomasJeffersonAndMonticelloWhatMHProsOfficialsShouldKnowSundayWeeklyMHVilleHeadlinesReviewMHProNews

In the course of preparing a new article on Mobile and Manufactured Home Living News (MHLivingNews) linked among the headlines in review below, the topic of homelessness as a result of inflationary trends sparked the connection with Thomas Jefferson attributed remarks in addressing the concerns of a couple asking for advice on renting vs. buying.

Monticello is the name of a website dedicated to Thomas Jefferson, it is also the name of his famous home in Jefferson’s beloved Virginia.

The attributed quotation to Jefferson has been deemed at least partially inaccurate or “spurious.” But a closer look on what Monticello provides on the topic of this Jefferson credited remarks reveals that it is based upon actual written comments by Jefferson.  Here is a common and longer version of those thoughts.

Quotation: “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…. I believe that banking institutions are more dangerous to our liberties than standing armies…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

Here is a common variation, again, per Monticello.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.”

Don’t look for this to be a hot-button topic, per se, in the 2024 election cycle. More precisely, while inflation is perhaps the hottest concern in the U.S.A. presently, it would not be a surprise if few if any politicians of any party raises this subject. It is not an easy topic is one reason for that, but in fairness, the Texas GOP did boldly tackle this issue in a wide-ranging report previously provided on MHLivingNews.

 

Foundational Principles

For whatever their flaws and weaknesses, the founders of this republic exhibited a good grasp of the proper role and limitations of government. They understood and discussed thorny issues like what money is and how it functions in society, and on what could keep the citizens of what became the United States of America freer than the nations of England or others in Europe or ‘the old world.’  By contrast, when was the last time that someone in politics besides former Congressman Ron Paul or his son Senator Rand Paul, M.D., discussed the money system or the Federal Reserve in the U.S.?

That said, back to Monticello on what Jefferson did or didn’t say. The first know reference found to the remarks above are in 1933.

QuoteMarksLeftSideStatus: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or “later published in The Debate Over the Recharter of the Bank Bill (1809).”

The first part of the quotation (“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered”) has not been found anywhere in Thomas Jefferson’s writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words “inflation” and “deflation” are not documented until after Jefferson’s lifetime.[2]

The second part of the quotation (“I believe that banking institutions are more dangerous to our liberties than standing armies”) is a slight misquotation of a statement Jefferson made in a letter to John Taylor in 1816. He wrote, “And I sincerely believe with you, that banking establishments are more dangerous than standing armies; & that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale”[3]

The third part of this quotation (“The issuing power should be taken from the banks and restored to the people, to whom it properly belongs”) may be a misquotation of Jefferson’s comment to John Wayles Eppes in 1813, “Bank-paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs.”[4]

This first known occurrence in print of the spurious first part with the two other quotations is in 1948, although the spurious portion actually appears after the two other quotations.[5]

Lastly, we have not found a record of any publication called The Debate Over the Recharter of the Bank Bill. There was certainly debate over the recharter of the National Bank leading up to its expiration in 1811, but a search of Congressional documents of that period yields none of the verbiage discussed above.”

That said, we will pivot back shortly to the longer version of those remarks, at least partially grounded in the remarks by Jefferson. But first, consider what Henry Ford purportedly said in the statement previously shared on MHProNews. “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

HenryFordItIsWellEnoughAmericansDontUnderstandUSBankingMonetarySystemIfTheyDidIBelieveThereWouldBeRevolutionBeforeTomorrowMorningMoneyQuoteMHProNews

 

AncientHistory said via Reddit the following on the above, attributed to Henry Ford Sr.

That particular quote first appeared in The American Mercury in 1957 in an article How Internationalists Gain Power, and it is important to remember that the entire passage is prefaced with “It was Henry Ford, Sr. who said in substance” (emphasis mine) – that is, the quote was abridged or paraphrased – the quote also appeared in The Federal Reserve Hoax by Wickliffe B. Vennard in 1959.

So…Ford probably didn’t say exactly that quote; if he did he was probably talking about “sound money.” In his book My Life and Work 179:

The people are naturally conservative. They are more conservative than the financiers. Those who believe that the people are so easily led that they would permit the printing presses to run off money like milk tickets do not understand them. It is the innate conservation of the people that has kept our money good in spite of the fantastic tricks which financiers play-and which they cover up with high technical terms.

The people are on the side of sound money. They are so unalterably on the side of sound money that it is a serious question how they would regard the system under which they live, if they once knew what the initiate can do with it.

In context, this is from before the Great Depression – and in that period in American economic history after the introduction of the greenbacks but before the complete abandonment of the gold standard. …”

That noted, let’s pivot back to the paraphrase of the remarks attributed to 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 corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…. I believe that banking institutions are more dangerous to our liberties than standing armies…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

Note the timeframe this appeared: 1933, per Monticello. That too was during the Depression era, which the Federal Reserve website says ran from 1929 until 1941.  Then recall that the Federal Reserve system was supposed to prevent such recessions and depressions, that is part of how the legislation was sold to the American public.

Part of a response from Bing AI to an MHProNews inquiry said this.

Those links by Bing AI are to the Federal Reserve website. Wilson was a Democrat, and by several accounts, a well-known racist. As left-leaning PBS noted: “Woodrow Wilson’s record on race relations was not very good.” That went on to say: ” During his first term in office, the House passed a law making racial intermarriage a felony in the District of Columbia. His new Postmaster General also ordered that his Washington offices be segregated, with the Treasury and Navy soon doing the same. Suddenly, photographs were required of all applicants for federal jobs.” Then as more recently, blacks were hopeful that a Democrat was working in their best interest, but only later to find their hopes dashed. A contemporary Black leader W.E.B. Du Bois said of Wilson that he was “unfitted for largesse of view or depth of feeling about racial injustice.”

That noted, it wasn’t just minorities who are harmed by economic policies.

So, if “stabilizing prices, and preventing financial crises12” was the goal, in what sense has the Federal Reserve been successful?  Who has benefited the most from the Federal Reserve System? If you ask Ford, or could ask Jefferson, odds are good that they would say that corporations and bankers have benefited, but that millions upon millions of Americans have not. Recall this remark from President Franklin Delano Roosevelt.

EnemiesOfPeaceMonopolyRecklessBankingClassAntagonimsWarProfiteeringCOnsiderGovermentAppendageOfTheirAffiarsFDRQuoteGovernmentbyOrganizedMoneyDangerousGovtOrganizedMobMHProNews
We struggle with…old enemies of peace—business and financial monopoly reckless banking, class antagonism, sectionalism, war profiteering. [Monopolists] consider Govt a mere appendage to their…affairs. Govt by organized money is as dangerous as Govt by organized mob-FDR
Paltering and posturing are hardly new in our society, nor are such manipulative methods absent in other places around the world. Author Brandon Smith recently remarked: “There will always be tyrants attempting to gain more and more power and those tyrants will always lie to the public, claiming they are good people with our best interests at heart.”

Smith noted that if the slick lies (i.e.: often, paltering and posturing) are told to the public don’t seem to work, then this tactic is deployed. “When that doesn’t work and the citizenry remains skeptical, the tyrants go on the attack, accusing the public of [believing in a] “conspiracy theory.” This is meant to mock and shame free thinkers into silence – You don’t want to stand out, right? Why risk being ostracized from society? Why risk becoming a meme?”

Doesn’t Smith make some valid points?

For those who grasp how the economy, politics, and public policies actually work – vs. how they are ‘sold’ to the voting public – there are the limited group of benefiting insiders, and there are all the rest of us.

Are we faced with an era where renting could become so costly that large numbers will not be able to afford rents? Hundreds of thousands of homeless Americans, per HUD data, might say those times are already here. Then recall what the economic and political elites-packed World Economic Forum (WEF) was pitching not so long ago, until backlash apparently resulted in some who back the WEF into pulling various versions of this post. “You’ll own nothing, and you’ll be happy. This is how our world could change by 2030.” That’s a direct quotation, see the below. MHProNews has screen captured it, to preserve the evidence for the record. It is still available on the WEF’s Facebook page, see that roughly 90 second propaganda video below.

 

WorldEconomicForumYoullOwnNothingYoullBeHappySloganWEFVideoStillMemeWEFTweetofVideoStillGreatResetYoullOwnNothingYoullBeHappySloganMHProNewsFactCheckAnalysisCommentary
“In the business world, the rear-view mirror is always clearer than the windshield.” – Warren Buffett. That begs a key question. Why don’t more people LOOK at the rearview mirror so they can learn more about the patterns that influence what’s ahead? Note: depending on your browser or device, many images in this report can be clicked to expand. Click the image and follow the prompts. To return to this page, use your back key, escape or follow the prompts.

 

 

We recently provided this important macro-insight about dystopian realities for manufactured housing pros to know.

 

Dystopia-Tell It Like It Is-USA Biz Execs Give Chinese Dictator Xi Multiple Standing Ovations at $40000 Plate Table, Guests Include MHVille Tied Larry Fink, Stephen Schwarzman; plus MHMarkets

 

Though the system may in several ways “be rigged,” the ability for we the people to push back against that rigged system still exists.  Part of discerning the rigged system is to detect who may be making great sounding promises while delivering terrible results. Is life better now that 4 years ago under Trump?  According to a growing array of public opinion polls, even from left-leaning publications, the public is steadily drifting into the Trump camp. That is true despite all the allegations and accusations.

 

ShowMeTheManAndIllshowYouTheCrimeDonaldJ.TrumpArrestIndictmentsPerspectiveOnProblematicThreatForMostAmericansAndTheAmericanDreamKeyJ6TrumpTranscriptMHLivingNews
https://www.manufacturedhomelivingnews.com/show-me-the-man-and-ill-show-you-the-crime-donald-j-trump-arrest-indictments-perspective-on-problematic-threat-for-most-americans-and-the-american-drea/

 

In June 2022, well before the indictments that hit Trump, MHProNews published this report.

 

‘Show Me the Man, and I’ll Show You the Crime’ – Lavrentiy Beria, Lessons to Recapture American Rights, Reviving Affordable Manufactured Home Performance – Viewpoint; plus Sunday Headlines Recap

 

We ought to individually understand the big picture. The better informed we are, the more motivated we personally are to fix what has gone wrong, the more likely the troubles of our current era can be corrected. Additionally, for those who are in sales or sales management, understanding these issues can – when properly marketed and presented – could help you close more sales.

Don’t miss today’s postscript.

With no further adieu, here are the headlines for the week that was, from 11.26 to 12.3.2023.

 

What’s New on MHLivingNews

MyHusbandSaysWellBeHomelessIfWeKeepRentingWhatMarketWatchApparentlyMissedInCouplesConcernsDesireToOwnVsRentDuringInflationExploredFactsAndAnalysisManufacturedHomeMHLivingNews
https://www.manufacturedhomepronews.com/show-me-the-man-and-ill-show-you-the-crime-lavrentiy-beria-lessons-to-recapture-american-rights-reviving-affordable-manufactured-home-performance-viewpoint-plus-sunday-head/
Insights on Importance of Home Ownership in the U.S.A., But Wall Street Journal and Others Provide Evidence of the Fading of the American Dream – Facts-Analysis
  https://www.manufacturedhomelivingnews.com/insights-on-importance-of-home-ownership-in-the-u-s-a-but-wall-street-journal-and-others-provide-evidence-of-the-fading-of-the-american-dream-facts-analysis/
MustSeeMovieLengthDocumentariesPerArtificialIntelligenceTheU.S.AffordableHousingCrisisAndPredicamentOf21stCenturyManufacturedHousingIndustryVideosFactsAndAnalysisMHLivingNews
https://www.manufacturedhomelivingnews.com/must-see-movie-length-documentaries-per-artificial-intelligence-the-u-s-affordable-housing-crisis-and-the-predicament-of-the-21st-century-manufactured-housing-industry-videos-f/
ConsumerALERTYesCommunitiesBackstoriesSoberRealitiesManufacturedHousingInstituteAwardWinnerWhichPraisesOwnYesCharityWhileAvoidingResidentWoesMellisaSodiniPicLogoAnalysisMHLivingNews
https://www.manufacturedhomelivingnews.com/consumer-alert-yes-communities-backstories-reveal-sobering-realities-of-manufactured-housing-institute-award-winner-which-praises-its-own-yes-charity-while-avoiding-resident-woes-analysis/

What’s New or Recent from Washington, D.C. based MHARR

 

ManufacturedHousingAssocForRegulatoryReformMHARR–ISSUESandPERSPECTIVESbyMarkWeissNov2023WHAT’S-IN-A-NAME-EVERYTHING
https://manufacturedhousingassociationregulatoryreform.org/mharr-issues-and-perspectives-by-mark-weiss-november-2023-whats-in-a-name-everything/

 

ManufacturedHousingProductionDeclinePersistsInSeptember2023ManufacturedHousingAssociationForRegulatoryReformMHARR
https://manufacturedhousingassociationregulatoryreform.org/manufactured-housing-production-decline-persists-in-september-2023/

 

MHARRoctober26.2023WashingtonD.C.UpdateAnExlusiveReportandAnalysisManufacturedHousingAssociationForRegulatoryReform
https://manufacturedhousingassociationregulatoryreform.org/manufactured-housing-association-for-regulatory-reform-mharr-october-26-2023-washington-d-c-industry-updates-an-exclusive-report-and-analysis/

 

What’s New on the Daily Business News section of MHProNews

Saturday 12.2.2023

DS EXCLUSIVE to MHProNews: Here’s How Much Regulations Cost Average American Family—and How Biden Is Making It Worse – Facts Analysis and MHMarkets – is it Bad Enough Yet?

 

Friday 12.1.2023.

‘Exploitation Narrative’ and Homeland Security Report on What Illegal Immigration Costs U.S. Taxpayers Hundreds of Billions Annually – Facts, Analysis and Housing Impact; plus MHMarkets

 

Thursday 11.30.2023

‘Legacy Delivered 18.6% Return on Shareholders’ Equity Over Last 12 Months’ – ‘Hiring!’ Retail-MHC Insights-Legacy Housing (LEGH) Earnings Call Transcript-Q3-2023; plus MHVille Markets Update

 

Wednesday 11.29.2023

‘Champion Financing’ ‘Will Unlock Sales Volume Growth’-Mark Yost CEO Skyline Champion (SKY) on ‘Tremendous Needs’ But Manufactured Home Sales Plunge Quarterly Earnings Call Transcript; plus MHMarkets

 

Tuesday 11.28.2023

Cavco Industries (CVCO) Reports Quarterly Plunge – ‘Affordable Housing Crisis Intensifying’ per Boor in Fiscal 2024 2nd Quarter 8K Results – Facts and Analysis – plus MHVille Markets Update

 

Monday 11.27.2023

Manufactured Housing Institute Oddly Details Association’s Failures-New State-by-State Production/Shipment Info-Affordable HOMES Act, Communities Bill Initiated in Congress – Facts and Analysis

 

Sunday 11.26.2023.

‘U.S. Housing Market Summed up in Five Charts’ – NBC News Tees Up Conventional Housing Data for Easy Comparisons to Manufactured Housing Market, plus Sunday Weekly MHVille Headlines Review

 

Postscript

Consider the following quotable quotes.

  • “Our ignorance of history makes us libel our own times. People have always been like this.” – Gustave Flaubert.
  • “To be ignorant of what occurred before you were born is to remain always a child. For what is the worth of human life, unless it is woven into the life of our ancestors by the records of history?”― Marcus Tullius Cicero (GoodReads).
  • “The only thing that is more expensive than education is ignorance.” —  Benjamin Franklin (BestQuotations)
  • “Our ignorance of history causes us to slander our own times. The ordinary person today lives better than a king did a century ago but is ungrateful! – Gustave Flaubert (AZQuotes)
  • “Impartiality is a pompous name for indifference which is an elegant name for ignorance.” —  G. K. Chesterton (BestQuotations)
  • “Zeal without knowledge is fire without light.” —  Dr. Thomas Fuller (BestQuotations)

In “The danger ignorance of history poses to the future of a free society” Allan C. Brownfeld (goacta.org) said: “An April study reveals that 41 percent of those asked could not identify Auschwitz as a Nazi concentration or extermination camp. The ignorance of history in high schools, colleges and universities is dangerous to the future of a free society.” MHProNews has previously noted some simiarlities between the fascists of the 1930s and the fascists of our own days.

 

BenitoMussoliniFascismShouldMoreAppropriatelyBeCalledCorporatismBecauseItIsAMergerOfStateAndCorporatePowerAZQuoteMHLivingNews
Left-leaning Wikipedia said: Corporatism became one of the main tenets of fascism, and Benito Mussolini’s fascist regime in Italy advocated the collective management of the economy by state officials by integrating large interest groups under the state, which is a combination of crony capitalism and state capitalism:…“Per the ‘father’ of Italian fascism, “Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power” Benito Mussolini. Note Mussolini, like Adolf Hitler, were both socialists. They were not from the political right, they were from the political left. Note: while some dispute this quotation, saying they can’t find a reference of the Italian leader saying this word for word, be that as it may, Mussolini’s writings at a minimum support such a possible paraphrase.

 

We noted earlier, and in prior reports, that the founders were routinely well informed on history, on the fundamentals of economics, had a sense of morality or religious subjects, and human nature. To recover the potential of American society, or to surpass the good that has previously been achieved, arguably requires a sufficient number of motivated individuals to learn about the root causes and practical cures for what has gone astray.

Every aspect of what is shared has potential value. But let’s close by recalling this fascinating Brandon Smith observation: “There will always be tyrants attempting to gain more and more power and those tyrants will always lie to the public, claiming they are good people with our best interests at heart.” This is hardly a secret. It is an example of the truth hiding in plain sight.

 

TheresClassWarfareAllRightMyClassRichClassMakingWarWereWinning-WarrenBuffettQuotesBarackObamaPhotoFreedomAward
https://www.manufacturedhomepronews.com/warren-buffett-declared-class-warfare-buffett-says-fellow-billionaires-were-winning/

 

Programing Notice. There is a recent event that has oddly not been reported by others in MHVille. It involves significant controversial issues, so perhaps that is why? Whatever the case may be, MHProNews plans to report on that and several other developments that have, do, and/or will impact our profession. Stay tuned for that and more at your #1 source for Manufactured Home “Industry news, Tips, and Views Pros Can Use” © where for the sound investment in good reading you can get “Intelligence for Your MHLife.” © ###

 

IntelligenceDefinitionOxforLanugaguesIntelligenceForYourMHLifeMHProNews
No one connects the dots in MHVille like MHProNews and MHLivingNews. Who says? Competitors. Manufactured home industry outsiders, but also from MHVille insiders.

 

IfSomethingIsGoingToAffectYourLifeItsBestToKnowAsMuchAsYouCanAboutItHowTrumpAttributedQuoteAppliesToBestPracticesLifeTipsMHProNewsMasthead600x315
https://www.manufacturedhomepronews.com/masthead/if-something-is-going-to-affect-your-life-its-best-to-know-as-much-as-you-can-about-it-how-trump-attributed-quote-applies-to-best-practices-and-life-tips/

 

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Again, our thanks to free email subscribers and all readers like you, as well as our tipsters/sources, sponsors and God for making and keeping us the runaway number one source for authentic “News through the lens of manufactured homes and factory-built housing” © where “We Provide, You Decide.” © ## (Affordable housing, manufactured homes, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)

CongRepAlGreenDeskTamasKovachLATonyKovachPhoto12.3.2019ManufacturedHomeProNews
Our son has grown quite a bit since this 12.2019 photo. All on Capitol Hill were welcoming and interested in our manufactured housing industry related concerns. But Congressman Al Green’s office was tremendous in their hospitality. Our son’s hand is on a package that included the Constitution of the United States, bottled water, and other goodies.

By L.A. “Tony” Kovach – for MHProNews.com.

Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing.

For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

This article reflects the LLC’s and/or the writer’s position and may or may not reflect the views of sponsors or supporters.

http://latonykovach.com

Connect on LinkedIn: http://www.linkedin.com/in/latonykovach

 

 

Related References:

The text/image boxes below are linked to other reports, which can be accessed by clicking on them.’

Artificial Intelligence Answers: ‘Why Manufactured Housing Has Underperformed in 21st Century During Affordable Housing Crisis?’ Facts, Analysis, plus Sunday Weekly MHVille Headlines Recap

‘Revolutionize Housing Industry’ – Factory-Builder Admares $750 Million Investment in U.S. for Plant w/Automation, More on S2A, Tiny Homes, 3D Printed Housing; plus Sunday Weekly Headlines Review

Unlikely Any in U.S. Today Can be Successful and Politically Ignorant – Unpacking the ‘Westminster Declaration’ – Full Text – Why it Matters – Plus Sunday Weekly MHVille Headlines Review

‘Warren Buffett Apparently Has Eye on New Double-Wide’ MarketWatch-Fast Company Reports on Clayton Homes and Related Manufactured Housing Acquisitions, plus Sunday Weekly MHVille Headlines Recap

H.R. 5198 – Expansion of Attainable Homeownership Through Manufactured Housing Act of 2023 – Manufactured Housing Institute Supported Bill Explored; plus Sunday Weekly MHVille Headlines Recap

‘If We Keep Doing What We’ve Been Doing We Will Keep Getting What We Got!” – MHIdea-Post-Production Trade Association(s) Status – MHI, MHARR, NAMHCO, Other Examples Considered – Full Transcript plus Analysis
https://www.manufacturedhomepronews.com/masthead/if-we-keep-doing-what-weve-been-doing-we-will-keep-getting-what-we-got-mhidea-post-production-trade-associations-status-mhi-mharr-namhco-other-examples-considered/
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