One can say without exaggeration that inflation is an indispensable means of militarism. Without it, the repercussions of war on welfare become obvious much more quickly and penetratingly; war weariness would set in much earlier. –Ludwig Von Mises – In short, the war machine and the money machine are intimately linked. It is vain to denounce […]
Those who create and issue the money and credit direct the policies of the government and hold in their hands the destiny of the people.- Reginald McKenna, President of the Midlands Bank of England Inventing money borrowed into existence steals wealth in two primary ways. First, through interest payments on money borrowed. Since no money […]
The powers of financial capitalism had a 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 […]
And I sincerely believe with you 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 Paper money has had the effect in your state that […]
Cultivators of the Earth are the most valuable citizens. They are the most vigorous, the most independent, the most virtuous, and they are tied to their country and wedded to its liberty and interests by the most lasting bonds. Thomas Jefferson [Abundance…] The visible supply is practically inexhaustible, and the invisible supply really is inexhaustible. […]
Article I, Section 8, of the U.S. Constitution empowers Congress to coin money and regulate its value thereof. Article I, Section 10, specifies that no state shall make anything but gold and silver coin a tender in payments of debts. The Federal Reserve Act of 1913, passed by the 63rd Congress and signed into law […]
Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take away from them the power to create money […]
Hi Friends, This is my abbreviated Thanksgiving week report. I hope your holiday was happy and you are enjoying the rest of the weekend. While most people still put together a Thanksgiving celebration in a traditional manner, many noticed the significant jump in food prices as they shopped for food before the holiday. We are […]
Not what he wishes and prays for does a man get, but what he justly earns. His wishes and prayers are only gratified and answered when they harmonize with his thoughts and actions. As A Man Thinketh – James Allen If you have been reading my weekly series of articles, I have shown you how […]
A unique and “extraordinary” set of economic conditions is steering the globe towards a crisis worse than any of the stock market crashes or energy shocks of the last 70 years, Elliott warned in a recent letter to clients, the Financial Times reported Wednesday. –MSN There are many definitions of hyperinflation; some equate hyperinflation with […]
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