"Only a debt-backed system of paper money could finance the great wars, the social improvements and the fevered dreams of the 20th century."
by:
Brian Maher
Managing Editor, The Daily Reckoning
Source:
June 10, 2017, "Debt-Based Money Corrodes Society"
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Reader comments about this quote:
Very true. That is the banker's trick. The USA has had several central banks -- central banking is the use of debt-backed paper money for currency, as opposed to gold or silver certificates. The US opted for a central bank during times of war because there is never enough money to wage a war when you need it. The problem is that the bank ultimately dictates to the government what it can and cannot have. Who is the boss now?

Fevered dreams indeed! FDR christened debt-spending as the New Deal, and stretched the federal jurisdiction over the entire USA (instead of just DC). The interstate highway system and railways brought DC to every corner of the nation. This is a direct copy of Hitler's acts in Germany with the same results. These variants of socialism / authoritarianism are the real corruption to freedom, independence, and self-determination. How to enslave a nation? Take over the money supply and its issuance. Do you know that income taxes were a requirement of the Federal Reserve in exchange for the 'privilege' of using THEIR currency in order to pay the interest on OUR debt to them for its issuance? All money has become an indicator of debt -- the more money in circulation, the more in debt the country is in -- wealth is simply an accumulation of others' debts. But the govt can print up 1 trillion dollars with the flick of a pen and purchase armies and weapons to subdue anyone that resists -- and that is exactly what they do.
 -- E Archer, NYC     
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    With the acquiescence of the Supreme Court, the nation's monetary system was comprehensively commandeered by private bankers in excess of a century ago, who have rendered it a debt based, unconstitutional travesty.
     -- Patrick Henry, Red Hill     
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     -- Mike, Norwalk      
     
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