Share on Facebook Share on Twitter Comment on this quote Share via Email Print this Page [321-340] of 383 Money quotesMoney QuotesMoney Previous 20 quotes Next 20 quotes The most sinister and anti-social feature about bank-deposit money is that it has no existence. The banks owe the public for a total amount of money which does not exist. In buying and selling, implemented by cheque transactions, there is a mere change in the party to whom the money is owed by the banks. As the one depositor's account is debited, the other is credited and the banks can go on owing for it all the time. The whole profit of the issuance of money has provided the capital of the great banking business as it exists today. Starting with nothing whatever of their own, they have got the whole world into their debt irredeemably, by a trick. This money comes into existence every time the banks 'lend' and disappears every time the debt is repaid to them. So that if industry tries to repay, the money of the nation disappears. This is what makes prosperity so 'dangerous' as it destroys money just when it is most needed and precipitates a slump. There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth. An honest money system is the only alternative.~ Frederick Soddy There is no proletarian, not even a Communist movement, that has not operated in the interests of money, and for the time being permitted by money - and that without the idealists among its leaders having the slightest suspicion of the fact.~ Oswald Spengler The principle that the majority have a right to rule the minority, practically resolves all government into a mere contest between two bodies of men, as to which of them shall be masters, and which of them slaves; a contest, that -- however bloody -- can, in the nature of things, never be finally closed, so long as man refuses to be a slave.~ Lysander Spooner [T]he only security men can have for their political liberty, consists in keeping their money in their own pockets ...~ Lysander Spooner Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits.~ Sir Josiah Stamp When money is controlled by a few it gives that few an undue power and control over labor and the resources of the country. Labor will have its best return when the laborer can control its disposal.~ Leland Stanford No scheme which has ever been devised by them has ever made a collapsed boom go up again.~ William Graham Sumner It is morally as bad not to care whether a thing is true or not, so long as it makes you feel good, as it is not to care how you got your money as long as you have it.~ Edwin Way Teale I think they've made the biggest financial mess that any government's ever made in this country for a very long time, and Socialist governments traditionally do make a financial mess. They always run out of other people's money. It's quite a characteristic of them. They then start to nationalise everything, and people just do not like more and more nationalisation, and they're now trying to control everything by other means. They're progressively reducing the choice available to ordinary people. ~ Margaret Thatcher Socialist governments traditionally do make a financial mess. They always run out of other people's money.~ Margaret Thatcher If thou lend money to any of my people that is poor by thee, thou shalt not be to him an usurer, neither shalt thou lay upon him usury.~ The Holy Bible Take no usury of him, or increase... thou shalt not give him thy money upon usury.~ The Holy Bible Unto thy brother thou shalt not lend upon usury: That the Lord thy God bless thee.~ The Holy Bible If that mischievous financial policy which had its origin in the North American Republic [i.e., honest Constitutionally authorized debt-free money] should become indurated down to a fixture, then that government will furnish its own money without cost. It will pay off its debts and be without a debt (to the International Bankers). It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe!~ The Times of London Rather than love, than money, than fame, give me truth.~ Henry David Thoreau That man is richest whose pleasures are cheapest.~ Henry David Thoreau The creation of money exclusively as debt is the critical, destabilizing flaw in the American Economy.~ Theodore R. Thoren It is said, mostly by Libertarians, that ‘taxation is theft.’ Theft is too mild a word. Typically, a thief strikes only once, and doesn’t pretend that his robbery is legitimate. Taxation is actually slavery.~ Rick Tompkins Mr. Speaker, we are now in Chapter 11... Members of Congress are official trustees presiding over the greatest reorganization of any bankrupt entity in world history.~ James A. Traficant, Jr. Mr. Speaker, in 1848, Karl Marx said, a progressive income tax is needed to transfer wealth and power to the state. Thus, Marx's Communist Manifesto had as its major economic tenet a progressive income tax. Think about it, 1848 Karl Marx, Communism.... I say it is time to replace the progressive income tax with a national retail sales tax, and it is time to abolish the IRS, my colleagues. I yield back all the rules, regulations, fear, and intimidation of our current system.~ James A. Traficant, Jr. Previous 20 quotes Next 20 quotes Share on Facebook Tweet Email Print