Rizzo The Nihilizo

Monday, September 18, 2006

More updates to come soon

To all of my nonexistent readers, I will be updating again soon, I've just been bogged down with a lot of work. I'm getting it done though, don't you worry. So, to tide you over, here are some quotes you might like to think about:

"With the monetary system we have now, the careful saving of a lifetime can be wiped out in an eyeblink."
Larry Parks, Executive Director, FAME

“You have to choose [as a voter] between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold.”
George Bernard Shaw

“Paper money eventually returns to its intrinsic value ---- zero.”
Voltaire (1694-1778)

“We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.”
Daniel Webster, speech in the Senate, 1833

“I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.”
Thomas Jefferson to John Taylor, 1816

"Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money."
Daniel Webster

"Because of 'fractional' reserve system, banks, as a whole, can expand our money supply several times, by making loans and investments."
Federal Reserve Bank, New York
The Story of Banks
, p.5.

"Without the confidence factor, many believe a paper money system is liable to collapse eventually."
Federal Reserve Bank of Philadelphia,
Gold, p. 10

"Commercial banks create checkbook money whenever they grant a loan, simply by adding new deposit dollars in accounts on their books in exchange for a borrower's IOU."
Federal reserve Bank of New York,
I Bet You Thought
, p.19

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

"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it."
Frederic Bastiat,
The Law

"Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess."
Irving Fisher,
100% Money

"Banks lend by creating credit. They create the means of payment out of nothing."
Ralph M. Hawtrey, Former Secretary of Treasury, England

"Money is the most important subject intellectual persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and its defects remedied very soon."
Robert H. Hemphill, former credit manager, Federal Reserve Bank of Atlanta

"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 distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation."
John Adams, letter to Thomas Jefferson

"A power has risen up in the government greater than the people themselves, consisting of many and various powerful interest, combined in one mass; and held together by the cohesive power of the vast surplus in banks."
John C. Calhoun, Speech 5/27/1836

Taken from here.

Labels: , ,


At Monday, September 18, 2006 10:15:00 PM, Anonymous Anonymous said...

Nice quotes.


Post a Comment

<< Home