"The refunding of the national debt at a lower rate of interest should be accomplished without compelling the withdrawal of the national-bank notes, and thus disturbing the business of the country."
James A. Garfield
(1831-1881) 20th President of the United States (1881), assassinated
Inaugural Address, March 14, 1881
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Reader comments about this quote:
 -- kim     
    A competing currency based on precious metals would have less impact on disturbing the business of the country while in addition, it could start a return to sound money and fiscal policy. Other than that, I hope all have sufficient where-with-all to carry you through that which is coming.
     -- Mike, Norwalk     
    Damn straight Mike! Big changes are coming, and not everyone is going to make it.
     -- J Carlton, Calgary     
    Garfield was inaugurated on March 4th, not 14, as were all presidents before the present January 20th.
     -- Susan, Silver Spring, MD     
    Garfield presided over a tremendous debt of fiat currency in his day (national-bank notes). A brilliant, brilliant man, he tried to find a way that debts could be repaid without removing the currency from circulation (fiat currency is 'loaned' into existence and when the debt is 'paid' the currency disappears into the void from which it came). As seems to be the case with all assassinated presidents, his ideas and actions threatened the power of the money creators. What will happen when this $1 trillion stimulus (debt) is paid back? It will disappear and thus an even bigger debt will be needed to replace it. If America is not already sunk and indebted to the bankers yet, it is inevitable if we do not return to sound money (i.e. REAL money like gold, silver, or commodity backed certificates). Obama is with the bankers, let there be no mistake -- Goldman Sachs practically runs the White House, and the Congress is addicted to their unlimited credit line from the Fed.
     -- E Archer, NYC     
  • 1
    Garfield was shot shortly after he said: "Whoever controls the volume of money in any country is absolute master of all commerce and industry." The ideal means of controlling the volume of money is to use money that exists only in minds then use it to control the minds of slaves. Private forein bankers spuriously known as the Federal Reserve that they control the volume of money. In Keeping Our Money (their credit) Healthy, they said their system, the same that Hitler had :works only with credit." They must control the minds of most to work all of us with credit and they do! Don't most people believe that goernment spends money? Don't most believe that paper is currency? Congress has never said currency is money. The only thing that Congress ever made "current as money" was silver coins. Ask the fed and the Treasury to tell us what has been current as money since silver coins stopped circulating in 1968. With any luck at all, you could get an evasive answer! NOTHING should focus your thoughts more than the many means used by our absolute masters to control the volume of their imaginary money.
     -- Winsmith, St. Louis     
  • 2
    Misdirected patriotism is the dupe of tyrants and socialism. Some if not most do not know what their Hope is. But surely wrath does come, perhaps the near future ?
     -- Ronw13, Yachats Or     
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