"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."
by:
William Lyon Mackenzie King
(1874-1950) Prime Minister of Canada
Date:
1935
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Reader comments about this quote:
It is time for Canada to take back control of the issuance of coin and credit from the banking cartel.
 -- E Archer, NYC     
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    Said very well.
     -- Mike, Norwalk     
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    Currency, credit and debt are now the commodities and enforced labor - coinage went out a long time ago
     -- RobertSRQ     
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    for all who support NAFTA, you best listen
     -- Michael Moss, Tampa     
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    The US Credit is still the best in the world that is why many world governments and citizens by US Bonds. But a persons or governments credit is only as good as is their current or future income prospects. Now the US owes a trillion to China, several trillion to Social Security and who knows who else. The US's current income, past "losses" - deficits - and projected deficits is not a pretty picture and could adversely affect its credit. Some in Congress currently worry what would happen if China stops buying our bonds. After all they are getting all of our money since they are making all of our stuff. In the '70's we bought Japanese cars and they bought our bonds. The deal works like this: instead of American citizens paying enough taxes to balance the budget we buy foreign goods. The foreign governments tax their companies and citizens who have received the American's money and then the foreign government buys US Government Bonds.
     -- Bruce, 'Bama     
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    Excellent point Robert loans are actually bought and sold as "commodities" are. Credit is used as forced labor, but it is the willingness of the people to buy into the "consumer" model projected by product marketing today. It seems subliminal "you must consume buy buy buy!". Waste in this nation is surely at an all time high and recycling must find it's own mandate. The "this is better than what you have" and the "because your worth it" propaganda has created a large servial populatiuon bound to there desires to obtain more stuff.
     -- Sam, Alabama     
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    IT STINKS WITH A CAPITAL "S". THESE PEOPLE ARE FICTIONAL RESERVE FANATICS WHO INSIST NOT ON ENDING OUR SLAVERY BUT JUST CHANGING OUR MASTERS, THEY WORK WITHOUT DEFINITIONS AND CONTRADICT THEMSELVES AND ITS A RARE ONE WHO CONDEMNS LEGAL TENDER AS IT MUST BE CONDENED, THEIR "KING" WAS PASTOR SHELDON EMRY WHO PROMOTED ENSLAVEMENT WITH LEGAL TENDER. HE IS MENTIONED IN BIBLE: JAMES 1:8: "A DOUBLE MINDED MAN IS UNSTABLE IN ALL OF HIS WAYS" AND HE WAS NO CHRISTIAN! HE WAS A MASON. HOW DO WE KNOW? "BY THEIR FRUITS YE SHALL KNOW THEM!" THERE ARE FAR TOO MANY MISLED BY EMRY AND HIS ILK, LEGAL TENDER IS LEGAL SLAVERY AND WE CAN THANK LINCOLN FOR IT. HIS CONTEMPORARY, HORACE GREELEY, SAID LINCOLN'S MONEY SYSTEM "IS NO LESS CRUEL THAN THE OLD SYSTEM OF CHATEL SLAVERY." LEARN THE TRICKERY AND TREACHERY USED TO GAIN ACCEPTANCE OF LINCOLN'S INFAMOUS "GREENBACKS". CLICK HERE: WWW.MORPIX.BIZ/15 AND SCROLL DOWN TO: TREATISE ON MONETARY REFORM, HAD I NOT KNOWN THE AUTHOR, MERRILL JENKINS, I MIGHT BE ANOTHER FICTIONAL RESERVE FANATIC.
     -- DAVE WILBER, ST. LOUIS     
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    GOVERNMENT BONDS? MERRILL JENKINS RAISED THIS QUESTION: WHY SHOULD THEY PRINT BONDS TO GET OUR PAPER MONEY WHEN THEY CAN JUSY PRINT MORE MONEY? THE OBJECT OF TAXES AND BONDS IS TO GET THE BUX OUT OF CIRCULATION SO THAT THEY DON'T CAUSE PRICES TO GET OUT OF HAND AND THE MONEY THAT KEYNES CALLED "WORTHLESS" BECOMES USELESS PAPER.
     -- DAVE WILBER, ST. LOUIS     
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    Dave there is 500 billion in circulation. A highly educated (engineering) friend of mine was under the belief that since the government is in trillions of dollars of debt and we have a meg trillion dollar economy then there must be mega trillions of dollrs in circulation. It is amazing what people think about money. And I don't understand anything that people are saying about legal tender and slavery cand credit slaves, etcetera.
     -- Bruce, 'Bama     
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    Bruce says, "I don't understand anything that people are saying about legal tender and slavery and credit slaves, etcetera." That is clear -- few bother to look into it because it can put one to sleep sifting through the deceptive jargon. Bottom line, every dollar in circulation today has been borrowed -- every dollar in your pocket is a dollar owed with interest. The dollar 'bill' is just that -- a bill for one dollar. And if you don't pay it back, someone somewhere is paying interest on it. That is how money is created today. We are dealing in promissory notes -- commercial paper with no backing whatsoever. The use of this paper is governed by commercial law, not common law because it is not 'real money'. The Federal Reserve 'prints' this money (actually, they don't have to print anything any more, just press a button) and 'buys' government bonds with them. That way the government can have all the money it wants without ever having to go to the People (like they used to have to do). The catch is that the government owes the Fed rivers of interest for the privilege -- that is what the IRS is for, to make sure that interest gets paid. In the end, the government is completely beholden to the Fed which is unaccountable to the People in any way -- all we know is who the Chairman is, and who got the original shares -- that is it. The Fed eventually acquired ownership of all the gold in the US (if that doesn't make you go 'Holy shit!' consider yourself duped). Today, the debt owed to the Fed is greater than all the money in circulation -- it could never be repaid, and that is the intent. It is a crime against humanity and the source of every weapon of mass destruction in the world. Tear it down! If we paid off our debts (do you know how few people are debt-free? Almost none.), and start living beneath our means for a while, the system will collapse. Of course it will not be pretty -- so we continue on and shop til we drop -- all the while preparing our children for more oppression than we've had. Of course, we will not feel it as long as we invade other nations, take their resources, tax their people, etc. (see the Fall of the Roman Empire 101). King is RIGHT, and it is about time Americans and Canadians threw off the yoke. If the government can print an interest-bearing bond, it can print interest-free notes -- and every president who has tried has been killed -- coincidence? I don't think so.
     -- E Archer, NYC     
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    With respect to Dave Wilber's comments, we will never be able to prevent two parties from making 'promises' to each other -- i.e. I will pay you back later with interest. The point rather is whether that promise can be forced and a debt mandatorily imposed. Companies can print their own coupons or notes for use within their own departments and by their employees and customers -- of course, that doesn't mean the rest of us must accept them. With a clearer understanding of the difference between cash (real money) and credit (promissory notes), we can use both as long as we cannot be forced to accept credit in lieu of cash (the very definition of 'legal tender'). Credit money is inflationary and if it were issued interest-free, the only tax needed would be through inflation itself -- in other words, as time goes by, credit currency becomes worth less and less as more and more of it is issued. Thus hard currencies (which could be a combination of precious metals, and other real commodities) would retain their value and thus require more credit currency to buy them. As long as the credit money and the cash money values can float freely in the open market (which for the most part they do anyway) we can prevent bad money replacing good. It is always war that brings the pressure to borrow beyond the limits of the treasury, and we need not look very far to see who benefits the most -- the banks and the ruling class that finances all sides and controls the governments and coproations that are dependent upon them. If anything, the shares of a central bank (if we must have one) MUST be wholly owned by the People who then receive the interest. But that is a mountan of power and the attempts to seize it will never cease. As I have said before, most people have no idea how much power we are talking about -- forget about Bill Gates, the Fed owns every dollar he has -- and every dollar in existence, as well as all the gold they already took (an entire nation's worth) -- ! That is mind-boggling -- and they aren't going to ever stop fighting for it (and with it).
     -- E Archer, NYC     
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    You have a lot of things wrong Archer. 1) The Fed does not print money. Only the Treasury of the United States prints money and only the US Mint Mints Coins. 2) The gold is not owned by the Fed Reserve but by the US Treasury. The US Government also holds billions of dollars of gold belonging to other nations. This stuff gets moved around daily, weekly, etcetera from one countries pile into another countries pile. This done at Fort Knox and maybe in some other locations. 3) We know a lot more about the Fed Reserve than who the chairman is; we know who all of the Board of Governors are and the Governors of the regional Federal Reserve Banks etcetera. 4) All industrial economies like Europe have a Central Bank (Federal Reserve) In Germnay it is the Bundesbank I think etcetera. Because of your distorted facts I hesitate to put any trust in your opinions on the matter of money, debt, macro finance, federal reserve. (Most of this stuff is taught in like high school, while it is a bit to handle the info is readily available.)
     -- Bruce, 'Bama     
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    Sorry, Bruce, you are wrong. Firstly, the Fed 'prints' money merely by writing a check -- just like the ones that come from a bank when you get a so-called loan. Today, simply a credit or debit is added to a general ledger -- that is creating and destroying money -- let's not get into semantics about 'who' actually does the printing. Secondly, all interest to be paid on US Treasury Bonds (T-Bills) were to be paid IN GOLD to the private Federal Reserve Bank (i.e. it is not Federal but private). When there was no more gold with which the government could pay the interest, the provision was changed so that Federal Reserve Notes could be used to pay the interest. As far as we can tell, there are no more gold reserves in the US Treasury. Where the gold is stored matters not -- what matters is WHO owns it -- the bank owns a mortgaged house, no matter who lives in it. Thirdly, we do not know who the current stockholders are of the Fed. We do not know anything but what they tell us -- they have never been audited and as far as I can tell, they are protected from any such endeavor. Fourthly, yes, the rest of western civilization also has succumbed to fiat currency and therefore subservience to their private central bankers -- hence we have the International Monetary Fund and World Bank which inflate and deflate money upon command. This is NOT a free market. Wars are what cause bankers to thrive and World War I was what caused the initial European countries to trade their gold for expandable credit. It is obvious that your understanding of money is at a high school level -- do the math. I worked on Wall Street for years -- I know how it works -- and so do the rest of the currency traders at the Stock Exchange.

    "The few who understand the system,
    will either be so interested in its profits,
    or so dependent on its favours
    that there will be no opposition from that class,
    while on the other hand, the great body of the people
    mentally incapable of comprehending the tremendous advantage
    that capital derives from the system,
    will bear its burdens without complaint,
    and perhaps without even suspecting that
    the system is inimical to their interests."
    -- John Sherman, Protege of the Rothschild banking family
     -- E Archer, NYC     

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    what he says is very very true.i give this quote a five star, just like a hotel
     -- Anonymous     
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    :P :) :D
     -- Katie, Jonasville     
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    To understand the basic iniquity of western finances, start with viewing the video "Money as Debt" and for an understanding of what has happened since Mackenzie King Nationalized the Bank of Canada, please view THE CRIME OF THE CANADIAN BANKING SYSTEM: Bill Abram (part 1) , Canada's Great Experiment: 1935-1974 (Bill Abram, part 2), Gerald Grattan McGeer: Bill Abram snowshoefilms (part 3). If these videos don't have you steaming mad at the corruption of the bankster-owned govenment, you're just not paying attention.
     -- Andrew, Saanichton B.C.     
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    IT IS STUPID, STINKS AGREE WITH DAVE WILBER
     -- Anonymous     
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     -- Anonymous      
    Missions impossible: to print money, you cannot print money anymore than you can print love, hatred or zeal--ALL are abstract! There are only two possible economic systems; barter and slavery. Money does not exist in a barter system. It is impossible to pay taxes with money, you must have wealth such as gold or silver coins to pay taxes. God commanded a bareter systen:"Thou shat not steal" The constitution mandates s barter system of gold and silver coins; Art.1. Sec.10. and this section precludes legal tender " No state shall pass any law impairing the obligations of coontracts." and this proscribes license laws and zoning laws.
     -- Dave Wilber     
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    this helped me alot =) thanks guys
     -- M Gervais     
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     -- Anonymous      
    Aint it the dam truth, its just plain old true. Now, what to do..........
     -- Kimo, USA Patriot H.N     
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    Article 1, Section 8, "The Congress shall have Power to coin Money." Not print or create money out of thin air. We need to get back to having the money backed by that which has true intrinsic value - Gold and Silver!
     -- Mary - MI     
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    There are far too many fictional reserve fanatics who just want to change our masters rather than end our slavery. They want Congress doing to us and with us what the Fed is doing to us and with us. If all of the worlds problems are made possible with paper tokens that the first users get without limit for nothing, only fools believe a solution to the world's problems can include paper tokens that the first users get without limit for nothing. President John Adams wrote to Thomas Jefferson: "All of the perplexities, confusions and distress in America arise not from want of honor or virtue but from downright ignorance of the nature of coin, credit and circulation." When the nature of coins and credit is such that a few men get both without limit for nothing, there is no lie they won;t tell, no distraction they will not create and no atrocity they will not commit to insure that they will always get everything for absolutely nothing. "None are so hopelessly enslaved as those who falsely believe that they are free." Johann Wolfgang von Goethe. Mackenzie King advocated SLAVERY. I am neither liberal nor conservative. Did Jefferson advocate conserving tyranny? No! He wrote: "History has shown that mankind are more disposed to suffer while evils are sufferable than to right themselves by ABOLISHING the forms (1040 ?) to which they become accustomed." Like Jefferson, I am an abolitionist. Join me.
     -- Dave Wilber, St.Louis     
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    I'm with Ron Paul when he calls for an audit of the Fed, and of all those gold-plated tungsten bars in Fort Knox. Grrr.
     -- Byron, Fort Collins     
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     -- kjb      
    Well said, Mary - Mi.
     -- Jim K, Austin     
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     -- Jim K, Austin      
    Gold certificates (formerly known as MONEY in the US) were issued for all the gold stored in Fort Knox. The real question then is where did all the gold certificates go? To the Federal Reserve in payment of the interest on T-Bills issued by the government. The government was supposed to guard Fort Knox as it contained the nations' gold backing of the currency. Robbing Fort Knox would be nearly impossible -- but establishing a scheme in which a central bank may trade fiat money for real gold certificates, that's just legalized robbery. Now, the government protects the Fed's gold in Fort Knox -- it is not even ours!
     -- E Archer, NYC     
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    The natural law of economics. The Truth, the Spirit of, resides in economics. Better yet, It is [ A ] musing. Ha. The phenomena observed, without the fancy of private interpretation. Allows us to understand the Divine order of the laws of nature. Discovery is what awaits us. The same of this quote could be said on behalf of our Free Republic under siege. The sovereign individual. The extreme of Liberty. Rightfully so, our Founding Fathers gave testimony first, our Declaration of Independence. Then the doing of it, by way of our Constitution. If only, by way of the pocket book, people can come to understand why our forefathers made such a profound declaration of belief. then the coupling of faith and knowledge comes to pass. the awakening to the reality of the Creator and his Spirit of truth.
     -- Ronw13, Yachats Or     
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    It is government that always and everywhere manipulates currency to the detriment of the public and the enhancement of the power and income of the politicians and the well-connected, especially bankers. We would be much better off with competing private currencies.
     -- htmccann, nj     
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