The Automated Teller Machine

The Automated Teller Machine

In 1962, at a White House dinner honoring Nobel Prize winners, President John F. Kennedy said: "I think this is the most extraordinary collection of talent, of human knowledge, that has ever been gathered together at the White House, with the possible exception of when Thomas Jefferson dined alone."

And here is what the "most extraordinary man", Thomas Jefferson, thought about banks: "I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."

Jefferson really didn't like banks: "We are now taught to believe that legerdemain tricks upon paper can produce as solid wealth as hard labor in the earth. It is vain for common sense to urge that nothing can produce nothing; that it is an idle dream to believe in a philosopher's stone which is to turn everything into gold, and to redeem man from the original sentence of his Maker, 'in the sweat of his brow shall he eat his bread'". And that was before the advent of Digital Currency; Legerdemain digital tricks are way more convenient for the banks.
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