Share on Facebook Share on Twitter Comment on this quote Share via Email Print this Page [161-180] of 187 Fed quotesFed QuotesFed Previous 20 quotes Next 20 quotes Our tax system is based upon voluntary assessment and payment, not upon distraint.~ United States Supreme Court The Constitution prohibits any direct tax, unless in proportion to numbers as ascertained by the census..... [and] ... prohibits Congress from laying a direct tax on the revenue from property of the citizen without regard to state lines...~ United States Supreme Court ... [the 16th Amendment] conferred no new power of taxation... [and]... prohibited the ... power of income taxation possessed by Congress from the beginning from being taken out of the category of indirect taxation to which it inherently belonged...~ United States Supreme Court The Constitution is a written instrument. As such it's meaning does not alter. That which it meant when adopted, it means now.~ United States Supreme Court ... bank records are not the depositor's private papers and having given the information to the bank, the depositor has no legitimate expectation of continued privacy... Records of an individual's accounts with banks are not the individual's private papers protected against compulsory production by the 4th Amendment, but instead are the business records of the banks.~ United States Supreme Court ...the intent of the lawmaker is to be found in the language that he has used.~ United States Supreme Court No state shall ... make any thing but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.~ U. S. Constitution The Congress shall have power: To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;~ U. S. Constitution Series 1863-1934 U.S. Gold Certificate - This is to certify that there have been deposited in the treasury of The United States of America [denomination face value, i.e. Ten Dollars] in gold coin payable to the bearer on demand. Series 1886-1963 U.S. Silver Certificate - This certifies that there is on deposit in the treasury of The United States of America [denomination face value, i.e. Ten Dollars] in silver payable to the bearer on demand. Series 1913-1934 Federal Reserve Note - Redeemable in gold on demand at the United States Treasury or in gold or lawful money at any Federal Reserve Bank. Series 1934-1963 Federal Reserve Note - This note is legal tender for all debts public and private and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank. Series 1963- Federal Reserve Note - This note is legal tender for all debts, public and private.~ U. S. Currency Emitting bills of credit, or the creation of money by private corporations, is what is expressly forbidden by Article 1, Section 10 of the U.S. Constitution.~ U.S. Supreme Court You can fool some of the people all of the time, and all of the people some of the time, and that's good enough.~ Dr. Edwin Vieira It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.~ Paul Volcker Paper money eventually returns to its intrinsic value -- zero.~ Voltaire The banks -- commercial banks and the Federal Reserve -- create all the money of this nation and its people pay interest on every dollar of that newly created money. Which means that private banks exercise unconstitutionally, immorally, and ridiculously the power to tax the people. For every newly created dollar dilutes to some extent the value of every other dollar already in circulation.~ Jerry Voorhis When you pay social security taxes, you are in no way making provision for your own retirement. You are paying the pensions of those who are already retired. Once you understand this, you see that whether you will get the benefits you are counting on when you retire depends on whether Congress will levy enough taxes, borrow enough, or print enough money...~ W. Allen Wallis We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.~ James Paul Warburg Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.~ George Washington We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.~ Daniel Webster Of all contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.~ Daniel Webster The banks do create money. They have been doing it for a long time, but they didn't realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it.~ H. W. White Previous 20 quotes Next 20 quotes Share on Facebook Tweet Email Print