digital82711
09-27-2011, 07:59 PM
Herman Cain the Federal Reserve/World Bank/IMF Toadie
Herman Cain, the African-American GOP presidential candidate, is another globalist and monetarist. He claims there is no need to audit the Federal Reserve. This must be because he was on the Board of Directors for a regional bank of the Federal Reserve in Kansas City. For someone who knows the Federal Reserve is a private banking corporation and operates for the sake of the profit of its members, and can and has printed trillions of dollars of money it need not report to the government, and that gave away trillions of newly created dollars to foreign central banks to keep their Ponzi scheme afloat, one would expect to hear exactly Herman Cain has said.
If the U.S. Congress decides to spend a million dollars it must vote to appropriate the money. But, the Federal Reserve does not, and has no obligation to report when it creates money in multiples of trillions of dollars. Nixon began selling gold to prop up the dollar when faced with paying for the Vietnam War. The foreign banks bought so much gold that Nixon closed the gold window forever. Now our newly created money is backed by only more newly created money while the government continues to tax, borrow and print up trillions of dollars to make up for its trillions of dollars in budgetary shortfall. The debt it owes to China, Japan and Saudi Arabia spells certain disaster because all the debt is short-term and must be refinanced to reflect current economic/market conditions. Since we have a service-based economy that runs a trade deficit of tens of billions of dollars monthly, the American government has decided to make up the shortfall with more newly printed money.
There are five things, and only five things that help give value to newly created money. The first thing is peoples' ignorance which economists also call "market confidence. The next thing is a monopoly fiat system back by violence which the government laughingly calls "law". The next thing is our ability to take over oil producing countries and prop up hated dictators and install governments that will sell us oil, which is what our elites hypocritically refer to as "foreign policy". The fourth one is the gullibility of the rest of the world to continue to provide us with products for which we continue to send them money we pretend has value. We call this globalism. The last thing that gives money value is that people believe it will serve to store value and will hoard it. But, our inflation rate destroys the value of saved money because it will assuredly be worth less latter as printing more money will cause prices to rise and the value of the monetary unit to fall. This destroys savings and allows money creation to be debt-based as opposed to being capital created through production. Capital created through production is real wealth.
As the debt we have is financed only through short-term bonds that constantly reset to reflect the current economic conditions, it will only be a matter of time before countries that continue to get paid with newly created money decide they want a higher interest because the money does not reflect capital created as the result of productivity, but is only "money" created as the result of owning a printing press.
The money the Federal Reserve creates is created according to a debt-based system. When money is created the private banking corporation known as the Federal Reserve lends it to the U.S. government. The money requires payments to be made to the Federal Reserve that cover the principal and to service the interest. As with long-term debt on a house, the money that must be paid back to extinguish the loan is generally three times the price of the loan. For example, if you buy a $100,000 house with a 30-year mortgage you will end up paying $300,000 in principal and interest. As the Federal Reserve only created the $100,000, but not the additional $200,000 in interest, the buyer needs to try to pull the additional $200,000 in interest out of an ever-expanding economy. So, an expanding money supply is needed with a constantly expanding economy for newly created money to continue to hold its value.
The banking system makes it profits as the result of interest people must pay on borrowed money. Therefore, the more money the banking system creates and lends at interest the more profits it makes. So, it continues to print money with the hope that there is a need for people to borrow to consume and also to hopefully use as capital to fund productive activities. Unfortunately Americans don't borrow so much to gain capital for productions as much as to consume. The banks seek to saturate the economy in debt so that it can suck as much usury, also know as interest, from borrowers.
There is no check on the Federal Reserve to limit its creation of money save the fact that if it lends out more than the borrower can pay back it risks losing its “money”, which is really nothing more than newly printed paper. And, as we have seen this situation already occur in the current banking crisis, we have seen the banking system not only printed itself all the money it needed to re-capitalize, but actually got our government to borrow the money at interest from the banking system to give back to the banking system to pay for its losses when it made huge mistakes in providing credit..
The banking systems seeks to create as many borrowers as possible so that its has a constantly expanding revenue stream in the form of monthly payments. Again, the borrowed money was created, but not the interest money needed to service debt. As stated earlier it must be pulled from an ever expanding economy to pay for an ever-expanding liability sheet of borrowers. But, what happens when the economy quits expanding and there is little production? The tax revenues, aggregate income and aggregate consumption also shrink. As more and more money gets pulled out of a contracting economy the existing money becomes concentrated in the hands of the banking system as theey pull whatever remaining capital they can find to pay interest on loans. As people default on their loan obligations the banks begin seizing property and businesses file bankruptcy, are sold, restructured, or liquidated while individual households seek sort-term relief through bankruptcy protection but when the job markey contracts eventual asset seizure occurs as banks seize property.
This business phenomenon is known as the business cycle by those who follow the Austrian school of economic theory. This school of economics predicted the Great Depression. It also predicted the housing collapse by demonstrating before hand what would happen to markets as the result of government intervention. It predicted bubble asset prices in the tech stock industry represented by the NASDEQ and explained how the housing bubble fiasco was aggravated by credit default swaps, fraud, insider trading, market manipulation made worse by yet more government intervention. The Austrian economists also predicted the fall of the Soviet Union due to the ruble serving as script for food distribution as opposed to being traded on the world market and used to conduct economic valuation in production, monetary policy or utilization of resources or to determine the division and various levels of production.
In the U.S., banks were allowed to bet everything and the fear of loss was destroyed as a check on bankers’ greed as they threatened martial law and the complete collapse of the economic system and political order. They were allowed to strong-arm government into socializing the losses by printing new money that stole its value from money already in existence that was earned and saved as the result of economic activity that paid for resources and labor to join the two in an economic manner that created value for consumers. Real wealth is generated through the creation of products where their value exceeds the sum of their consumption in labor, capital and resources in the process of it production to a consumer willing to lay his money down for that product.
Even capital markets must rely on the ability for a profitable market to provide interest. But, money creation through any other means comes at the expense of those who produce and as such are a drain on profitability because this means the money they earn is not used as capital and therefore discourages savings by keeping interest rates artificially low while inflation discourages saving and encourages consumption. This occurs because the money you have now will buy less in the future.
In the housing bubble prices artificially rose and Americans believed this would continue forever. Based on such knowledge they overpaid for homes, invested in financials like Bear Sterns, Goldman Sachs, AIG and bought other financial instruments based on the housing market. What Americans will soon find out is that the stock they hold is overvalued and is at all-time lows with regard to its price-earning ratio. They will also come to see that the dollar is overvalued as it is at an all-time low in relation to American production, spending, payments for interest, amount of money being printed and in its relation to gold.
As revenues shrink and the government is forced to pay for services and interest on debt when creditors will no longer provide a line of credit, the government can claim bankruptcy and default, or it can continue to print paper that is destined to become increasingly worthless as it is then forced to print increasingly more worthless paper. Those who accept the devalued currency as payment will want more of a currency whose value has shrunk and accomplish this goal through the mechanism of rising interest rates. The inevitable spiral is hyperinflation followed by economic collapse.
There is one, and only one, political candidate that has been teaching these principles for the last 30 years. He is the U.S. Representative from Texas. Dr. Ron Paul has studied economics and has written so many books explaining the foolishness of our economic system and its built-in mechanisms that lead to inevitable collapse as the result of our politicians and bankers being allowed to implement central-planning in a monetary system. The systems architect was John Maynard Keynes whose Keynesian school of thought has come to drive our economic system that is increasingly becoming discredited. The system's crash is a mathamatical certainty and is a symptom of our centrally-planned monetary system that is controlled by government as opposed to market forces.
The American banking system has become globalized and the IMF and World Bank are leading the attack on Libya in retaliation for establishing the African Monetary System to circumvent having to pay ruinous usury to American and European banking. The rhetoric about democracy is nonsense. This war is to maintain a monopoly on an economic system that has become increasingly financialized, owing its very existence not to market feasibility, but to the raw power of military violence and genocide. This very same fate awaits Americans as the system has no loyalty, love, or patriotism. It is amoral and ravenous and is controlled by elites that have no concern whatsoever for law, life or liberty.
Central banking secretly conspired and created the financial crisis known as the Great Depression. The bankers then hid their conspiracies during the creation of a central bank whereupon it offered itself as the solution to the very turmoil its bankers created. This allowed it adherents to operate in a monopolistic money cartel system while calling this private banking corporation “The Federal Reserve”.
Central banking is a curse to any nation that practices it and will lead to the eventual enslavement of the people. We are on a road now where the only solution for this disease is a mass political revolt from the system. I call on all Americans to join in on the “Day of Rage in D.C.”
I leave you, dear reader, with quotes from our founding fathers about the threats of central banking once it becomes in control of an economy and nation. Some of the quotes are by the central bankers themselves as they expose what they have wrought on the people.
Central Banking Quotes:
"Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States."
-Sen. Barry Goldwater
It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
-Henry Ford
"The regional Federal Reserve banks are not government agencies. ...but are independent, privately owned and locally controlled corporations."
-Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982
"The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers."
-Congressman Louis T. McFadden
“The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson.”
-Franklin Delano Roosevelt
"As soon as Mr. Roosevelt took office, the Federal Reserve began to buy government securities at the rate of ten million dollars a week for 10 weeks, and created one hundred million dollars in new [checkbook] currency, which alleviated the critical famine of money and credit, and the factories started hiring people again."
-Eustace Mullins
"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill."
-Charles A. Lindbergh, Sr. , 1913
"When you or I write a check there must be sufficient funds in our account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money."
-Putting it simply, Boston Federal Reserve Bank
"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it."
-Congressman Louis T. McFadden in 1932
“The few who understand the system, will either be so interested from it’s profits or so dependent on it’s favors, that there will be no opposition from that class.”
-Rothschild Brothers of London, 1863
"While boasting of our noble deeds were careful to conceal the ugly fact that by an iniquitous money system we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery."
-Horace Greeley
"The Federal Reserve bank buys government bonds without one penny..."
-Congressman Wright Patman, Congressional Record, Sept 30, 1941
"...the increase in the assets of the Federal Reserve banks from 143 million dollars in 1913 to 45 billion dollars in 1949 went directly to the private stockholders of the [federal reserve] banks."
-Eustace Mullins
"The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money"
-Charles A. Lindbergh Sr., 1923
"Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back."
-Sir Josiah Stamp, former President, Bank of England
"All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation."
-John Adams
"Whoever controls the volume of money in any country is absolute master of all industry and commerce."
-James A. Garfield, President of the United States
"A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world--no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men."
-President Woodrow Wilson
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance."
-James Madison
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs."
-Thomas Jefferson
“The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than bureaucracy. It denounces as public enemies all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe.”
-Abraham Lincoln
"Give me control of a nation's money and I care not who makes it's laws"
-Mayer Amschel Bauer Rothschild
Herman Cain, the African-American GOP presidential candidate, is another globalist and monetarist. He claims there is no need to audit the Federal Reserve. This must be because he was on the Board of Directors for a regional bank of the Federal Reserve in Kansas City. For someone who knows the Federal Reserve is a private banking corporation and operates for the sake of the profit of its members, and can and has printed trillions of dollars of money it need not report to the government, and that gave away trillions of newly created dollars to foreign central banks to keep their Ponzi scheme afloat, one would expect to hear exactly Herman Cain has said.
If the U.S. Congress decides to spend a million dollars it must vote to appropriate the money. But, the Federal Reserve does not, and has no obligation to report when it creates money in multiples of trillions of dollars. Nixon began selling gold to prop up the dollar when faced with paying for the Vietnam War. The foreign banks bought so much gold that Nixon closed the gold window forever. Now our newly created money is backed by only more newly created money while the government continues to tax, borrow and print up trillions of dollars to make up for its trillions of dollars in budgetary shortfall. The debt it owes to China, Japan and Saudi Arabia spells certain disaster because all the debt is short-term and must be refinanced to reflect current economic/market conditions. Since we have a service-based economy that runs a trade deficit of tens of billions of dollars monthly, the American government has decided to make up the shortfall with more newly printed money.
There are five things, and only five things that help give value to newly created money. The first thing is peoples' ignorance which economists also call "market confidence. The next thing is a monopoly fiat system back by violence which the government laughingly calls "law". The next thing is our ability to take over oil producing countries and prop up hated dictators and install governments that will sell us oil, which is what our elites hypocritically refer to as "foreign policy". The fourth one is the gullibility of the rest of the world to continue to provide us with products for which we continue to send them money we pretend has value. We call this globalism. The last thing that gives money value is that people believe it will serve to store value and will hoard it. But, our inflation rate destroys the value of saved money because it will assuredly be worth less latter as printing more money will cause prices to rise and the value of the monetary unit to fall. This destroys savings and allows money creation to be debt-based as opposed to being capital created through production. Capital created through production is real wealth.
As the debt we have is financed only through short-term bonds that constantly reset to reflect the current economic conditions, it will only be a matter of time before countries that continue to get paid with newly created money decide they want a higher interest because the money does not reflect capital created as the result of productivity, but is only "money" created as the result of owning a printing press.
The money the Federal Reserve creates is created according to a debt-based system. When money is created the private banking corporation known as the Federal Reserve lends it to the U.S. government. The money requires payments to be made to the Federal Reserve that cover the principal and to service the interest. As with long-term debt on a house, the money that must be paid back to extinguish the loan is generally three times the price of the loan. For example, if you buy a $100,000 house with a 30-year mortgage you will end up paying $300,000 in principal and interest. As the Federal Reserve only created the $100,000, but not the additional $200,000 in interest, the buyer needs to try to pull the additional $200,000 in interest out of an ever-expanding economy. So, an expanding money supply is needed with a constantly expanding economy for newly created money to continue to hold its value.
The banking system makes it profits as the result of interest people must pay on borrowed money. Therefore, the more money the banking system creates and lends at interest the more profits it makes. So, it continues to print money with the hope that there is a need for people to borrow to consume and also to hopefully use as capital to fund productive activities. Unfortunately Americans don't borrow so much to gain capital for productions as much as to consume. The banks seek to saturate the economy in debt so that it can suck as much usury, also know as interest, from borrowers.
There is no check on the Federal Reserve to limit its creation of money save the fact that if it lends out more than the borrower can pay back it risks losing its “money”, which is really nothing more than newly printed paper. And, as we have seen this situation already occur in the current banking crisis, we have seen the banking system not only printed itself all the money it needed to re-capitalize, but actually got our government to borrow the money at interest from the banking system to give back to the banking system to pay for its losses when it made huge mistakes in providing credit..
The banking systems seeks to create as many borrowers as possible so that its has a constantly expanding revenue stream in the form of monthly payments. Again, the borrowed money was created, but not the interest money needed to service debt. As stated earlier it must be pulled from an ever expanding economy to pay for an ever-expanding liability sheet of borrowers. But, what happens when the economy quits expanding and there is little production? The tax revenues, aggregate income and aggregate consumption also shrink. As more and more money gets pulled out of a contracting economy the existing money becomes concentrated in the hands of the banking system as theey pull whatever remaining capital they can find to pay interest on loans. As people default on their loan obligations the banks begin seizing property and businesses file bankruptcy, are sold, restructured, or liquidated while individual households seek sort-term relief through bankruptcy protection but when the job markey contracts eventual asset seizure occurs as banks seize property.
This business phenomenon is known as the business cycle by those who follow the Austrian school of economic theory. This school of economics predicted the Great Depression. It also predicted the housing collapse by demonstrating before hand what would happen to markets as the result of government intervention. It predicted bubble asset prices in the tech stock industry represented by the NASDEQ and explained how the housing bubble fiasco was aggravated by credit default swaps, fraud, insider trading, market manipulation made worse by yet more government intervention. The Austrian economists also predicted the fall of the Soviet Union due to the ruble serving as script for food distribution as opposed to being traded on the world market and used to conduct economic valuation in production, monetary policy or utilization of resources or to determine the division and various levels of production.
In the U.S., banks were allowed to bet everything and the fear of loss was destroyed as a check on bankers’ greed as they threatened martial law and the complete collapse of the economic system and political order. They were allowed to strong-arm government into socializing the losses by printing new money that stole its value from money already in existence that was earned and saved as the result of economic activity that paid for resources and labor to join the two in an economic manner that created value for consumers. Real wealth is generated through the creation of products where their value exceeds the sum of their consumption in labor, capital and resources in the process of it production to a consumer willing to lay his money down for that product.
Even capital markets must rely on the ability for a profitable market to provide interest. But, money creation through any other means comes at the expense of those who produce and as such are a drain on profitability because this means the money they earn is not used as capital and therefore discourages savings by keeping interest rates artificially low while inflation discourages saving and encourages consumption. This occurs because the money you have now will buy less in the future.
In the housing bubble prices artificially rose and Americans believed this would continue forever. Based on such knowledge they overpaid for homes, invested in financials like Bear Sterns, Goldman Sachs, AIG and bought other financial instruments based on the housing market. What Americans will soon find out is that the stock they hold is overvalued and is at all-time lows with regard to its price-earning ratio. They will also come to see that the dollar is overvalued as it is at an all-time low in relation to American production, spending, payments for interest, amount of money being printed and in its relation to gold.
As revenues shrink and the government is forced to pay for services and interest on debt when creditors will no longer provide a line of credit, the government can claim bankruptcy and default, or it can continue to print paper that is destined to become increasingly worthless as it is then forced to print increasingly more worthless paper. Those who accept the devalued currency as payment will want more of a currency whose value has shrunk and accomplish this goal through the mechanism of rising interest rates. The inevitable spiral is hyperinflation followed by economic collapse.
There is one, and only one, political candidate that has been teaching these principles for the last 30 years. He is the U.S. Representative from Texas. Dr. Ron Paul has studied economics and has written so many books explaining the foolishness of our economic system and its built-in mechanisms that lead to inevitable collapse as the result of our politicians and bankers being allowed to implement central-planning in a monetary system. The systems architect was John Maynard Keynes whose Keynesian school of thought has come to drive our economic system that is increasingly becoming discredited. The system's crash is a mathamatical certainty and is a symptom of our centrally-planned monetary system that is controlled by government as opposed to market forces.
The American banking system has become globalized and the IMF and World Bank are leading the attack on Libya in retaliation for establishing the African Monetary System to circumvent having to pay ruinous usury to American and European banking. The rhetoric about democracy is nonsense. This war is to maintain a monopoly on an economic system that has become increasingly financialized, owing its very existence not to market feasibility, but to the raw power of military violence and genocide. This very same fate awaits Americans as the system has no loyalty, love, or patriotism. It is amoral and ravenous and is controlled by elites that have no concern whatsoever for law, life or liberty.
Central banking secretly conspired and created the financial crisis known as the Great Depression. The bankers then hid their conspiracies during the creation of a central bank whereupon it offered itself as the solution to the very turmoil its bankers created. This allowed it adherents to operate in a monopolistic money cartel system while calling this private banking corporation “The Federal Reserve”.
Central banking is a curse to any nation that practices it and will lead to the eventual enslavement of the people. We are on a road now where the only solution for this disease is a mass political revolt from the system. I call on all Americans to join in on the “Day of Rage in D.C.”
I leave you, dear reader, with quotes from our founding fathers about the threats of central banking once it becomes in control of an economy and nation. Some of the quotes are by the central bankers themselves as they expose what they have wrought on the people.
Central Banking Quotes:
"Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States."
-Sen. Barry Goldwater
It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
-Henry Ford
"The regional Federal Reserve banks are not government agencies. ...but are independent, privately owned and locally controlled corporations."
-Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982
"The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers."
-Congressman Louis T. McFadden
“The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson.”
-Franklin Delano Roosevelt
"As soon as Mr. Roosevelt took office, the Federal Reserve began to buy government securities at the rate of ten million dollars a week for 10 weeks, and created one hundred million dollars in new [checkbook] currency, which alleviated the critical famine of money and credit, and the factories started hiring people again."
-Eustace Mullins
"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill."
-Charles A. Lindbergh, Sr. , 1913
"When you or I write a check there must be sufficient funds in our account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money."
-Putting it simply, Boston Federal Reserve Bank
"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it."
-Congressman Louis T. McFadden in 1932
“The few who understand the system, will either be so interested from it’s profits or so dependent on it’s favors, that there will be no opposition from that class.”
-Rothschild Brothers of London, 1863
"While boasting of our noble deeds were careful to conceal the ugly fact that by an iniquitous money system we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery."
-Horace Greeley
"The Federal Reserve bank buys government bonds without one penny..."
-Congressman Wright Patman, Congressional Record, Sept 30, 1941
"...the increase in the assets of the Federal Reserve banks from 143 million dollars in 1913 to 45 billion dollars in 1949 went directly to the private stockholders of the [federal reserve] banks."
-Eustace Mullins
"The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money"
-Charles A. Lindbergh Sr., 1923
"Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back."
-Sir Josiah Stamp, former President, Bank of England
"All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation."
-John Adams
"Whoever controls the volume of money in any country is absolute master of all industry and commerce."
-James A. Garfield, President of the United States
"A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world--no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men."
-President Woodrow Wilson
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance."
-James Madison
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs."
-Thomas Jefferson
“The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than bureaucracy. It denounces as public enemies all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe.”
-Abraham Lincoln
"Give me control of a nation's money and I care not who makes it's laws"
-Mayer Amschel Bauer Rothschild