Money creation Archive

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Richard Syron | the structure of the Federal Reserve System

"The System is just like the Church. That’s probably why I feel so comfortable with it. It’s got a pope, the chairman; and a college of cardinals, the governors and bank presidents; and a curia, the senior staff. The equivalent of the laity is the commercial banks. If you’re a naughty parishioner in the Catholic Church, you come to confession. In this system, if you’re naughty, you come to the discount window for a loan. We even have different orders of religious thought like Jesuits and Franciscans and Dominicans only we call them pragmatists and monetarists and neo-Keynesians."

Richard Syron

Robert H. Hemphill | the tragic absurdity, of our hopeless position

"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent, on the Commercial Banks. Someone has to borrow every dollar, we have in circulation, cash or credit. If the Banks create ample synthetic money, we are prosperous; if not, we starve. We are, absolutely, without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity, of our hopeless position, is almost incredible, but there it is. It is the most, important subject, intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse, unless it becomes widely understood, and the defects remedied very soon."

Robert H. Hemphill

Harold Wallace Rosenthal | Our power has been created through the manipulation of the national monetary system

"Our power has been created through the manipulation of the national monetary system.. The Federal Reserve system fitted our plan nicely since it is owned by us, but the name implies that it is a government institution. From the very outset, our purpose was to confiscate all the gold and silver, replacing them with worthless non- redeemable papen notes...
We Jews have put issue upon issue to the American people. Then we promote both sides of the issue as confusion reigns. With their eyes fixed on the issues, they fail to see who is behind every scene. We Jews toy with the American public as a cat toys with a mouse..."

Harold Wallace Rosenthal

Markus Krall | There was this wonderful book

"There was this wonderful book called "The Hitchhiker's Guide to the Galaxy" and there's a chapter in it where there's a planet where another planet sends all of its lunatics to do no more damage at home. And on this lunatic planet, the Keynesian economists have come to power and decided that they can abolish the scarcity of goods by abolishing the scarcity of money. They then declared the leaves of trees to be money, which of course immediately led to hyperinflation. This was then countered with a forest defoliation program. And let me tell you, ladies and gentlemen, some of these "foliage faction" have made it here. They're sitting in the central banking worlds today, in the Governing Council of the ECB and at the Fed, and they're telling us with their Modern Monetary Theory that it's possible in all seriousness to overcome the scarcity of goods by abolishing the scarcity of money and being able to buy everything, anything, everything, if we just print enough money."

Markus Krall

Machiavelli | He who has once begun to live by robbery

"He who has once begun to live by robbery will always find pretexts for seizing what belongs to others."

Machiavelli

John Adam | All the Perplexities, Confusions and Distresses in America

"All the Perplexities, Confusions and Distresses in America arise not from defects in their Constitutions or Confederation, not from a want of Honour or Virtue, So much as from downright Ignorance of the Nature of Coin, Credit and Circulation."

John Adams

Dr. John Coleman | A One World Government […] in the form of a feudal system as it was in the Middle Ages.

"A One World Government and one-unit monetary system under permanent non-elected hereditary oligarchists who self-select from among their numbers in the form of a feudal system as it was in the Middle Ages.

In this One World entity, population will be limited by restrictions on the number of children per family, diseases, wars, famines, until 1 billion people who are useful to the ruling class, in areas which will be strictly and clearly defined, remain as the total world population.

There will be no middle class, only rulers and servants. All laws will be uniform under a legal system of world courts practicing the same unified code of laws, backed up by a One World Government police force and a One-World unified military to enforce laws in all former countries where no national boundaries shall exist.

The system will be on the basis of a welfare state; those who are obedient and subservient to the One World Government will be rewarded with the means to live; those who are rebellious will simply be starved to death or be declared outlaws, thus a target for anyone who wishes to kill them.

Privately-owned firearms or weapons of any kind will be prohibited."

Dr. John Coleman

Montagu Norman | Capital must protect itself in every possible way

"Capital must protect itself in every possible way, both by combination and legislation. Debts must be collected, mortgages foreclosed as rapidly as possible. When, through the process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of government applied by a central power of wealth under leading financiers. These truths are well known among our principal men who are now engaged in forming an imperialism to govern the world. By dividing the voter through the political party system, we can get them to expend their energies in fighting for questions of no importance. It is thus by discreet action we can secure for ourselves that which has been so well planned and so successfully accomplished."

Montagu Norman

Friedrich August von Hayek | all forms of collectivism lead eventually to tyranny

"Through the inevitable mismanagement of resources and goods at the disposal of the state, all forms of collectivism lead eventually to tyranny."

Friedrich August von Hayek

Roland Baader | Let us free ourselves from the true evil (state counterfeit money)

"It may be too late to avert the financial disaster that lies ahead of us, but we must at least prevent the road to financial ruin from also becoming a road to servitude. Let's talk our heads off and write our fingers to the bone, let's make ourselves outsiders and ridiculed figures if necessary, but let's fight to ensure that the basis of people's freedom, the market economy, is not presented to them as the alleged culprit and executed by the henchmen of power under the false pretext. Otherwise, it is we ourselves, our happiness and prosperity and freedom, who die with the market. Let us free ourselves from the true evil, from the fuel of presumptuous domination and destructive lies: from state counterfeit money."

Roland Baader

John Edgar Hoover | a conspiracy so monstrous he cannot believe it exists

"The individual is handicapped by coming face-to-face with a conspiracy so monstrous he cannot believe it exists. The American mind simply has not come to a realization of the evil which has been introduced into our midst. It rejects even the assumption that human creatures could espouse a philosophy which must ultimately destroy all that is good and decent."

John Edgar Hoover

W.L. Mackenzie King | Once a nation parts with the control of its currency and credit, it matters not who makes the nations laws.

"Once a nation parts with the control of its currency and credit, it matters not who makes the nations laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile."

William Lyon Mackenzie King

George Bernhard Shaw | You have to choose between trusting

"You have to choose 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 to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold."

George Bernhard Shaw

Leo Tolstoy | Money is a new form of slavery

"Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal - that there is no human relation between master and slave."

Lew Nikolajewitsch Tolstoi

Ronald Reagan | inflation is a tax and not by accident

"When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident."

Ronald Reagan

John F. Hylan | The real menace of our republic is this invisible government

"The real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state and nation. Like the octopus of real life, it operates under cover of a self created screen....At the head of this octopus are the Rockefeller Standard Oil interests and a small group of powerful banking houses generally referred to as international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both political parties."

John F. Hylan

James Abram Garfield | Whoever controls the volume of money in our country

"Whoever controls the volume of money in our country is absolute master of all industry and commerce...when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate."

James Abram Garfield

Henry Hazlitt | creates money in order to cover its budget deficits

"If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick or even indexation can prevent its economic consequences."

Henry Hazlitt

Curtis Dall | bankers have now acquired full control

"For a long time I felt that FDR had developed many thoughts and ideas that were his own to benefit this country, the United States. But, he didn't. Most of his thoughts, his political ammunition, as it were, were carefully manufactured for him in advanced by the Council on Foreign Relations-One World Money group. Brilliantly, with great gusto, like a fine piece of artillery, he exploded that prepared "ammunition" in the middle of an unsuspecting target, the American people, and thus paid off and returned his internationalist political support. The UN is but a long-range, international banking apparatus clearly set up for financial and economic profit by a small group of powerful One-World revolutionaries, hungry for profit and power. The depression was the calculated 'shearing' of the public by the World Money powers, triggered by the planned sudden shortage of supply of call money in the New York money market....The One World Government leaders and their ever close bankers have now acquired full control of the money and credit machinery of the U.S. via the creation of the privately owned Federal Reserve Bank."

Curtis Dall

Larry P. McDonald | böser Plan für eine Weltregierung

"Der Antrieb der Rockefellers und ihrer Verbündeten besteht darin, eine Ein-Welt-Regierung zu schaffen, die Superkapitalismus und Kommunismus unter einem Zelt vereint, alle unter ihrer Kontrolle... meine ich Verschwörung?Ja, ich will.Ich bin überzeugt, dass es eine solche Verschwörung gibt, die international ist, Generationen alt in der Planung und unglaublich böse in der Absicht."

Larry P. McDonald

Ludwig Erhard | Inflation does not come upon us as a curse or as a tragic fate

"Inflation does not come upon us as a curse or as a tragic fate; it is always caused by reckless or even criminal policies."

Ludwig Erhard

Peter Schiff | the most incompetent economists

"Soon investors will realize that the most incompetent economists in the world work for central banks. The second most incompetent economists work for government. The third most incompetent work for major universities and the forth most incompetent work for large investment banks."

Peter Schiff

Eustace Mullins | that not more than eight men ran this country

"Senator LaFollette publicly charged that a money trust of fifty men controlled the United States. George F. Baker, partner of J.P. Morgan, on being queried by reporters as to the truth of the charge, replied that it was absolutely in error. He said that he knew from personal knowledge that not more than eight men ran this country."

Eustace Clarence Mullins

Ayn Rand | Money is the barometer of a society’s virtue

"Do you wish to know whether that day is coming? Watch money. Money is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion—when you see that in order to produce, you need to obtain permission from men who produce nothing—when you see that money is flowing to those who deal, not in goods, but in favors—when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you—when you see corruption being rewarded and honesty becoming a self-sacrifice—you may know that your society is doomed. Money is so noble a medium that it does not compete with guns and it does not make terms with brutality. It will not permit a country to survive as half-property, half-loot. “Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: ‘Account overdrawn.’ “When you have made evil the means of survival, do not expect men to remain good. Do not expect them to stay moral and lose their lives for the purpose of becoming the fodder of the immoral. Do not expect them to produce, when production is punished and looting rewarded. Do not ask, ‘Who is destroying the world?’ You are."

Ayn Rand | Atlas Shrugged

Monika Hausammann | Inflationary policy is thus robbery policy in a double sense

"Inflationary policy is thus robbery policy in a double sense: it robs people not only of their ownership of legitimately acquired goods and thus of the core and principle of freedom, but also of their drive to honest, sincere, responsible and sustainable dealings with fellow human beings and resources. Where such is not only not a taboo, but the order of the day, sooner or later ownership of one's own person and body will again be up for debate."

Monika Hausammann

Prof. Wolfgang Berger | I acquired all my academic titles by believing in a false doctrine

"I acquired all my academic titles by believing in a false doctrine. A studied economist understands less about macroeconomics than a cow does about flying, because he first has to dig himself out of a swamp of preconceived opinions and errors in thinking in order to even reach the surface, or to get back to where he was before he let himself be committed to the stupification asylum."

Professor Dr. Dr. Wolfgang Berger