Money

Quotes

“I consider that it is not only prudential, but absolutely necessary to protect the inhabitants of this city from being imposed upon by a spurious currency…I think it much safer to go upon the hard money system altogether. I have examined the Constitution upon this subject and find my doubts removed…Article I, Section 10 declares that nothing else except gold and silver shall be lawful tender…The different states, and even Congress itself, have passed many laws diametrically contrary to the Constitution of the United States…The Constitution acknowledges that the people have all power not reserved to itself.” (Joseph Smith)

“By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some....There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.(John Maynard Keynes, The Economic Consequences of the Peace, 1919.)

“Money is the key link which will transform economic union into a political union. Take the central bank to a supra-national level and the national balance of powers collapses...” (Lionel Stoleru)

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow the 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 property until their children will wake up homeless on the continent their fathers occupied. The issuing power of money should be taken from the banks and restored to Congress and the people to whom it belongs.” (Thomas Jefferson, this indignant protest can be heard today across the vista of two whole centuries Letter to the Secretary of the Treasury Albert Gallatin, 1802.)

“The banks themselves were doing business on capitals, three-fourths of which were fictitious. This fictitious capital...is now to be lost, and to fall on somebody; it [the bank] must take on those who have property to meet it, and probably on the less cautious part, who, not aware of the impending catastrophe, have suffered themselves to contract, or to be in debt, and must now sacrifice their property of a value many times the amount of the debt. We have been truly sowing with wind, and are now reaping the whirlwind.” (Thomas Jefferson, Writings of Thomas Jefferson, 10:133.)

“At the time we were funding our national debt, we heard much about 'a public debt being a public blessing'; that the stock representing it was a creation of active capital for the aliment of commerce, manufactures and agriculture. This paradox was well adapted to the minds of believers in dreams...” (Thomas Jefferson, Writings of Thomas Jefferson, 13:420.)

“We are overdone with banking institutions, which have banished the precious metals, and substituted a more fluctuating and unsafe medium.... These have withdrawn capital from useful improvements and employments to nourish idleness.... [These] are evils more easily to be deplored than remedied.” (Thomas Jefferson, Writings of Thomas Jefferson, 12:379-80.)

“Give me control over a nation's currency, and I care not who makes the laws.” (Baron Mayer Amschel Rothschild)

“The real menace of our republic is the invisible government which, like a giant octopus, sprawls its slimy length over our city, state and nation. At the head is a small groups of banking houses generally referred to as ‘international bankers.’ This little coterie of powerful international bankers virtually run our government for their own selfish ends.” (New York City Mayor John F. Hylan, March 26, 1922.)

“The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government ever since the days of Andrew Jackson.…” (Franklin Delano Roosevelt, November 21, 1933.)

“The word ‘Establishment’ is a general term for the power elite in international finance, business, the professions and government, largely from the northeast, who wield most of the power regardless of who is in the White House. Most people are unaware of the existence of this ‘legitimate Mafia.’ Yet the power of the Establishment makes itself felt from the professor who seeks a foundation grant, to the candidate for a cabinet post or State Department job. It affects the nation's policies in almost every area.” (Edith Kermit Roosevelt, Elite Clique Holds Power in U.S., Indianapolis News, p. 6. December 23, 1961.)

“The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.” (Georgetown University Professor Carroll Quigley, Tragedy and Hope, p. 324. 1966.)

“The bold effort the present bank has made to control the government, the distress it had wantonly produced...are but premonitions of the fate that awaits the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.” (President Andrew Jackson, warning the American people after he abolished the privately controlled central bank, the Bank of the United States. We now have another privately controlled central bank known as the Federal Reserve The Federal Reserve System, The New American, p. 31.)

“[T]here was an occasion, near the close of 1910, when I was as secretive—indeed, as furtive—as any conspirator....I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System.…We were told to leave our last names behind us. We were told, further, that we should avoid dining together on the night of our departure. We were instructed to come one at a time and as unobtrusively as possible to the railroad terminal on the New Jersy littoral of the Hudson, where Senator Aldrich's private car would be in readiness, attached to the rear end of a train for the South.…Once aboard the private car we began to observe the taboo that had been fixed on last names.…Discovery, we knew, simply must not happen, or else all our time and effort would be wasted.” (Frank Vanderlip, twenty-five years after the meeting on Jekyll Island, Georgia conspiring to establish the Federal Reserve in the U.S. Farm Boy to Financier, Saturday Evening Post, pp. 25, 70. February 9, 1935.)

“This Act establishes the most gigantic trust on earth.…When the President signs this Act, the invisible government by the Money Power, proven to exist by the Money Trust Investigation, will be legalized.…The money power overawes the legislative and executive forces of the Nation and of the States. I have seen these forces exerted during the different stages of this bill.…” (Congressman Charles A. Lindbergh, referring to the act which established the Federal Reserve. Congressional Record, Vol. 51, p. 1446. December 22, 1913.)

“The new law will create inflation whenever the trusts want inflation. From now on depressions will be scientifically created.” (Congressman Charles A. Lindbergh, after the passage of the Federal Reserve act 1913.)

“When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and industrialists acting together to enslave the world for their own pleasure. Every effort has been made by the Fed to conceal its powers but the truth is—the Fed has usurped the government.” (Congressman Louis McFadden, The Unseen Hand, p. 182.)

“The new law will create inflation whenever the trusts want inflation. It may not do so immediately, but the trusts want a period of inflation, because all the stocks they hold have gone down... Now, if the trusts can get another period of inflation, they figure they can unload the stocks on the people at high prices during the excitement and then bring on a panic and but them back at low prices.…The people may not know it immediately, but the day of reckoning is only a few years removed.” (Congressman Charles A. Lindbergh, referring to the Federal Reserve act, Congressman Lindbergh stated this a few years prior to the stock market crash in 1929 which ushered in the Great Depression Congressional Record, Vol. 51, p. 1446. December 22, 1913.)

“For the love of money is the root of all evil…” (Scriptural, Holy Bible, 1 Timothy 6:10.)

“It was not accidental. It was a carefully contrived occurrence.…The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all.” (Congressman Louis McFadden, chairman of the House Banking Committee referring to the Great Depression On The Federal Reserve Corporation, p. 95.)

“German currency had become completely worthless. Purchasing power of salaries and wages was reduced to zero. The life savings of the middle classes and working classes were wiped out. But something even more important was destroyed: the faith of the people in the economic structure of the German society.…the government deliberately let the mark tumble in order to free the State of its public debts, to escape from paying reparations.…All [the people] knew was that a large bank account could not buy a straggly bunch of carrots, and half peck of potatoes, and few ounces of sugar, a pound of flour. They knew that as individuals they were bankrupt. And they knew hunger when it gnawed at them, as it did daily. In their misery and hopelessness, they made the Republic the scapegoat for all that had happened. Such times were heaven-sent for Adolph Hitler.” (William L. Shirer, The Rise and Fall of the Third Reich, p. 61-62. 1960.)

“Everything is in place for a rapid increase in U.S. currency. There is no precious metal backing for it; there is virtually no check on how much of it can be issued; and an acceleration of inflation here—brought on by the enormous and growing national debt—could result in a duplication of the horror that befell Germans in 1923-24.” (John F. McManus, Financial Terrorism, 1993.)

“The interest paid on government indebtedness for fiscal 1991 was $286.0 billion. The interest paid on government indebtedness for fiscal 1992 was $292.3 billion. The estimated interest for fiscal 1993 is $294.6 billion.

“Why don’t Americans get angry about this? Maybe the absence of justifiable fury is traceable to the incomprehensible size of the amounts we’re discussing. So, let’s break it down to the cost per person. In other words, how much does each American pay for interest?

“In round figures, there are 250 million Americans. The admitted government interest bill for a single year is roughly $290 billion. In 1992, therefore, the average tab—just for interest on the national debt— was over $1,000 for every man, woman and child in this nation.” (John F. McManus, Financial Terrorism, p. 58-59. 1993.)

“I place economy among the first and most important of republican virtues, and public debt as the greatest of dangers to be feared.” (Thomas Jefferson, The Writings of Thomas Jefferson, 15:47.)

“We are completely saddled and bridled, and…the bank is so firmly mounted on us that we must go where [it] will guide.” (Thomas Jefferson, Writings of Thomas Jefferson, 9:337-338.)

“No State shall...make any Thing but gold and silver Coin a Tender in Payment of Debts…” (U.S. Constitution, 1787.)

“I believe in honest money, the gold and silver coinage of the Constitution, and a circulating medium convertible into such money without loss. I regard it as a flagrant violation of the explicit provisions of the Constitution for the federal government to make it a criminal offense to use gold or silver coin as legal tender or to issue irredeemable paper money.” (Ezra Taft Benson, God, Family, Country: Our Three Great Loyalties, 1974.)

“You are a den of vipers! I intend to rout you out, and by the Eternal God, I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution by morning.” (President Andrew Jackson, 1834.)

“The refusal of King George to allow the colonies to operate an honest money system, which freed the ordinary man from clutches of the money manipulators was probably the prime cause of the revolution.” (Benjamin Franklin)

“Marxism represents a further vital and creative stage in the maturing of man's universal vision…The nation-state is gradually yielding its sovereignty…More intensive efforts to shape a new world monetary structure will have to be undertaken.” (Zbigniew Kazimierz Brzezinski, Between Two Ages: America's Role in the Technetronic Era, p. 72-300. 1970.)