Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2008-10-23 Oct 23, 2008... the privilege of creating and issuing money... is the government's greatest creative opportunity... [saving] the taxpayers immense sums of money...~ Abraham LincolnIf the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People.~ Thomas A. EdisonA great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.~ Woodrow Wilson Oct 22, 2008No State shall... coin money; emit bills of credit; make any thing but gold and silver coin a tender in payment of debts...~ United States Constitution...first ascertain exactly the position of the various capitalists, then control them, influence them by restricting or enlarging, facilitating or hindering their credits, and finally they can entirely determine their fate.~ Vladimir Ilyich LeninWe have what is known as the Federal Reserve Bank System. That system is not owned by the Government. Many people think that it is because it says “Federal Reserve.” It belongs to private banks, private corporations. So we have farmed out to the Federal Reserve Banking System that which is owned exclusively, wholly, one hundred percent to the private banks—we have farmed out to them the privilege of issuing the Government’s money!~ Wright Patman Oct 21, 2008Historically, the United States has been a hard money country. Only [since 1913] has the United States operated on a fiat money system. During this period, paper money has depreciated over 87%. During the preceding 140 year period, the hard currency of the United States had actually maintained its value. Wholesale prices in 1913... were the same as in 1787.~ Kenneth GerbinoSome people think the Federal Reserve Banks are US government institutions. They are not... they are private credit monopolies which prey upon the people of the US for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will.~ Louis McFaddenThat is what our money system is. If there were no debts in our money system, there wouldn't be any money.~ Marriner Stoddard Eccles Oct 20, 2008I am for a government rigorously frugal and simple. Were we directed from Washington when to sow, when to reap, we should soon want bread.~ Thomas JeffersonI believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.~ Thomas JeffersonThe system of banking [is] a blot left in all our Constitutions, which, if not covered, will end in their destruction... I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity... is but swindling futurity on a large scale.~ Thomas Jefferson Oct 17, 2008Sound money and free banking are not impossible; they are merely illegal. Freedom of money and freedom of banking...are the principles that must guide our steps.~ Hans F. SennholzWe have stricken the shackles from 4,000,000 human beings and brought all labourers to a common level, but not so much by the elevation of former slaves as by reducing the whole working population, white and black, to a condition of serfdom. While boasting of our noble deeds, we are careful to conceal the ugly fact that by our iniquitous money system we have manipulated a system of oppression which, though more refined, is no less cruel than the old system of chattel slavery.~ Horace GreeleyIf, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer.~ John Maynard Keynes Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print