"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."
by:
Daniel Webster
(1782-1852), US Senator
Source:
speech in the Senate, 1833
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Reader comments about this quote:
It has happened before. I just hope this time that we survive.
 -- Roxy, Olympia, WA
 
Ahh yes, the lessons of history, we being doomed, now reliving it.
 -- Mike, Norwalk
 
Now we should be thinking about being overwhelmed by irredeemable plastic in the form of laser cards.
 -- Anon
 
If Mr Webster could only see us now.
 -- jim k, austin
 
Have any of you seen the Youtube video, "Money, Banking and the Federal Reserve"? It has some interesting stuff in it.
 -- Bryan Morton, Stuart, Florida
 
AGAIN...
 -- E Archer, NYC
 
People...where's your hope for change? Spare change. Mister, can you spare a quarter? I know it's not real silver anymore, just some cheap alloy, but still... at least I can throw it at a politician.
 -- Ken, Allyn, WA
 
 -- al, Dc 
So after all we have been doomed form almost day one so what is everyone so excted about today, or maybe it is just human nature to be complaining. The better we have it the more we complain, go figure.
 -- Waffler, Smith
 
Webster probably thought it wouldn't take this long because he couldn't have imagined the lies and deceitful bookkeeping the government was capable of... bookkeeping shenanigans that would be criminal if done by individuals or businesses... his prediction is still the logical outcome.
 -- Joe R., Pinehurst, TX
 
Webster was right. Heads on a pike.
 -- Gilbert Jones, Glendale, Ca.
 
The FED is in the RED! Take 'em to the woodshed!
 -- Joe Spenner, Stayton, Ore-gone
 
"If you always do what you've always done, you'll always get what you've always gotten", or words to that effect still makes sense to me. As a society, wWe don't learn very well from history.
 -- Larry Alexander, Culpeper, VA
 
 
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