Should A 5 Year Old Be Able To Wipe Themselves Famous Quotes in History About Money

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Famous Quotes in History About Money

“It is a cruel thought that, when we feel that we stand on the firmest ground in every respect, the accursed arts of our secret enemies, combined with other causes, should bring about, depreciating our money, what the open arms of a powerful the enemy could not.” –Thomas Jefferson to Richard Henry Lee, 1779. ME 4:298, Papers 2:298

“Historically, the United States has been a country of hard money [since 1913] the United States has operated with a fiat money system. During this period, the note has depreciated over 87%. During the previous 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 Gerbino, former president of the American Economic Council

“We make money the old fashioned way. We print it.” — Art Rolnick, former Chief Economist, Minneapolis Federal Reserve Bank

“The paper money has had the effect in your state that it will ever have, to destroy commerce, to oppress the honest, and to open the door to every kind of fraud and injustice.” — George Washington, in a letter to J. Bowen, Rhode Island, January 9, 1787

“Of all the contrivances for deceiving the laboring classes of mankind, none has been more effectual than that which deceives them with paper money.” — Daniel Webster”

“I see in the near future a crisis approaching. It irritates me and makes me tremble for the safety of my country…the Money Power of the country will try to prolong its reign by working upon the prejudices of the people, until wealth is concentrated in a few hands and the Republic is destroyed.” — Abraham Lincoln, shortly after the passage of the National Banking Act of 1863

“All the perplexity, confusion, and distress in America arise, not from defects in their Constitution or Confederation, not from a want of honor or virtue, so much as from an utter ignorance of the nature of currency, credit, and circulation.” — John Adams, in a letter to Thomas Jefferson in 1787

“The paper money eventually returns to its intrinsic value – zero.” — Voltaire (1694-1778)

“If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all wealth until their children are wake up homeless on the continent their fathers conquered”. — Thomas Jefferson in 1802 in a letter to then-Secretary of the Treasury Albert Gallatin

The value of the note is exactly the value of a politician’s promise, as high or as low as you set it. the value of gold is protected by the inability of politicians to manufacture it. — Sir William Rhys-Mogg

Monetary managers love to tell us that they have replaced the gold standard with “responsible money management”. But there is no historical record of responsible currency management… The record as a whole is a record of hyperinflation, devaluation and monetary chaos. — Henry Hazlitt

“The creation of money solely as debt is the critical, destabilizing flaw in the American economy.” — Author Theodore R. Thoren explains The Truth In Money Book.

“The reduction in the purchasing power of the holders of money due to inflation confers profits on the issuers of money. . . .” — St. Louis Federal Reserve Bank in “Review”, November 1975

“You have to choose [as a voter] between confidence in the natural stability of gold, and the natural stability of the honesty and intelligence of the members of the government. And, with due respect to these gentlemen, I advise you, so long as the capitalist system lasts, to vote gold.” – George Bernard Shaw

“Without the trust factor, many believe that a paper money system may eventually collapse.” — Federal Reserve Bank of Philadelphia in “Gold”

“Whoever controls the volume of money in any country is absolute master of all industry and commerce.” — President James A. Garfield

“Those who create and issue money and credit direct the policies of the government and hold the fate of the people in the palm of their hands.” — Rt. Hon. Reginald McKenna, former Chancellor of the Exchequer of England

“If Congress has a right under the Constitution to issue paper money, it was given to be used by them, and not to be entrusted to private persons or corporations.” — Andrew Jackson

EXCERPTS ON FISCAL AND MONETARY POLICY:

“The budget must be balanced, the coffers replenished, and the public debt reduced. The arrogance of public officials must be moderated and checked. And aid to foreign lands must be limited, lest we go bankrupt.” — Cicero, 63 BC

“Inflation is now institutionalized at a fairly steady 5% per annum. This has been scientifically determined to be the optimum level for generating the most revenue without causing public alarm. A 5% depreciation applies, not only to money earned this year, but in what is left over from previous years. At the end of the first year, a dollar is worth 95 cents. At the end of the second year, the 95 cents is again reduced by 5%, leaving it worth 90 cents, and so on . By the time a person has worked 20 years, the government will have confiscated 64% of every dollar they saved over those years. By the time they have worked 45 years, the hidden tax will be 90%. It will take almost everything a person saves in a life.” — G. Edward Griffin, historian and author of “The Creature From Jekyll Island”

“By a continuous process of inflation, governments can confiscate, secretly and unnoticed, a considerable part of the wealth of their citizens. There is no subtler, surer means of overturning the existing basis of society than to debase the currency. process involves all the hidden forces of economic law on the side of destruction, and does so in a way that not one man in a million can diagnose… If, however, a government refrains from regulation and allows things to take their course them, Commodities soon attain a level of price beyond the reach of all but the rich, the worthlessness of money becomes apparent, and the fraud upon the public can no longer be concealed.” — John Maynard Keynes, economist and author of ” The Economic

Consequences Of The Peace” (1920)

“Almost all that a Federal Reserve note can legally do is wipe out a debt and replace it with itself, another debt, a note that promises nothing. If anything has been paid, the payment is only in the mind of parts….” — Tupper Saucy, author of “The Miracle On Main Street”

“… the gold standard is incompatible with chronic deficit spending (the hallmark of the welfare state).” — Greenspan, Alan; “Gold and Economic Freedom”, Rand, Ayn; Capitalism: the unknown ideal? Signet Books, 1967; p96-101. See the full text in FAME’s FedWatch section http://www.fame.org/.

BANK RELATED PRICES:

“I sincerely believe . . . that banking institutions are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of finance is but a fraud in the future on a grand scale.” — Thomas Jefferson to John Taylor, 1816.

“Banks lend by creating credit. They create the means of payment out of nothing.” — Ralph M. Hawtrey, former Chancellor of the Exchequer, England

“Money is the most important subject that intellectuals can explore and ponder. It is so important that our present civilization may collapse unless it is widely understood and its defects corrected very soon.” — Robert H. Hemphill, former credit manager, Federal Reserve Bank of Atlanta

“The bankers own the land. Take it away from them, but give them the power to create money and control credit, and with the stroke of a pen they will create enough to buy it back.” — Sir Josiah Stamp, former Governor of the Bank of England

“The Founders of this great land had no difficulty understanding the bankers’ agenda and often referred to them and their kind as ‘friends of paper money.’ They hated the Bank of England, in particular, and felt that even if we managed to win our independence from England and King George, we could never truly become a nation of the free unless we had an honest money system. Through ignorance, but also through apathy, a small but wealthy cabal of power brokers have robbed us of our Rights and Freedoms and are robbing us of our wealth. We are paying the price for our parents’ almost comatose levels of complacency, and God only knows what may become of our children if we don’t work diligently to shake this country out of its slumber! Many nations have lost their freedom at the end of a gun barrel, but here in America, we have decided to surrender it voluntarily. Even worse, we paid for the tyranny and usurpation out of our own pockets with “voluntary” tax contributions and the use of a debt-laden fiat currency!” — Peter Kershaw, author of the 1994 pamphlet “Economic Solutions”

“The real truth of the matter is, you and I both know, that an economic element in the great centers has belonged to the US government since the time of Andrew Jackson. History portrays Andrew Jackson as the last truly honest and incorruptible American president.” — President Franklin Delano Roosevelt, November 23, 1933 in a letter to Colonel Edward Mandell House

“The really 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.” — Pringle, Robert; and Deane, Marjorie: Central Banks. Viking, 1994, page viii.

“When you or I write a check, there must be sufficient funds in our account to cover that check, but when the Federal Reserve writes a check, it creates money.” — The Federal Reserve Bank of Boston in a publication entitled “Putting It Simply”

“Some people believe that the Federal Reserve Banks are US government institutions. They are not … they are private credit monopolies preying on the US people for their own benefit and that of their foreign and domestic swindlers and rich and predatory lenders. looting of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to hide its power, but the truth is that the Fed has usurped the government. It controls everything here and controls all of our foreign relations. He makes and breaks governments at will.” — Congressman Charles McFadden, Chairman of the House Banking and Currency Committee,

June 10, 1932

“.. we conclude that the [Federal] Reserve banks are not federal … but are independent, private, and locally controlled corporations … without day-to-day direction from the federal government.” — 9th Circuit Court in Lewis vs. United States, June 24, 1982

“… You are a den of vipers and thieves. I intend to drive you out, and by the grace of the Eternal God, I will drive you out.” — President Andrew Jackson, after evicting a delegation of international bankers from the Oval Office

“Give me control of a nation’s currency and I don’t care who makes its laws.” — Baron MA Rothschild (1744 – 1812)

Submitted by: Regis Sauger (The submitter does not claim to have information or credit for the above offerings that are considered publicly available under the Freedom of Information Act.)

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