| Inflation has now been institutionalized at a fairly constant 5% per year. This has been determined to be the optimum level for generating the most revenue without causing public alarm. A 5% devaluation applies, not only to the money earned this year, but to all that is left over from previous years. At the end of the first year, a dollar is worth 95 cents. At the end of the second year, the 95 cents is reduced again by 5%, leaving its worth at 90 cents, and so on. By the time a person has worked 20 years, the government will have confiscated 64% of every dollar he saved over those years. By the time he has worked 45 years, the hidden tax will be 90%. The government will take virtually everything a person saves over a lifetime.more G. Edward Griffin quotes | Allow a government to decline paying its debts and you overthrow all public morality — you unhinge all the principles that preserve the limits of free constitutions. Nothing can more affect national prosperity than a constant and systematic attention to extinguish the present debt and to avoid as much as possible the incurring of any new debt.more Alexander Hamilton quotes | | Americans will spend more this year per capita on taxes than on food ($2,693), clothing ($1,404) and shelter ($5,833) combined. The single highest spending item is federal taxes, at $7,026 ... Arizonans’ per-capita bite is $9,041, a combination of federal and state taxes.more Sara Hammond quotes | | | Let Mr. Madison tell me when did liberty ever exist when the sword and the purse were given up from the people? Unless a miracle shall interpose, no nation ever did, nor ever can retain its liberty after the loss of the sword and the purse.more Patrick Henry quotes | To the frustrated, freedom from responsibility is more attractive than freedom from restraint. They are eager to barter their independence for relief from the burdens of willing, deciding and being responsible for inevitable failure. They willingly abdicate the directing of their lives to those who want to plan, command and shoulder all responsibility.more Eric Hoffer quotes | [D]ecade after decade, through taxes and regulations, governments at all levels took ever-increasing control over people’s lives, wealth, and property. The control grew exponentially, decade after decade. The rationale was that the control was necessary -- for society, for the poor, for the nation, even for freedom itself. Americans continued living their life of the lie: they continued believing that the more control government exercised over their lives and property, the freer they became.more Jacob G. Hornberger quotes | An economy cannot long remain prosperous by government's taxing and spending more, now absorbing national output at a rate equal to the entire income of every American living west of the Mississippi. If this trend continues, America will gradually sink into the status of a Third World nation -- more unemployment, more shackles on production, more poverty.more John Hospers quotes | | In a fiat money society you are more likely to increase your returns by remaining in debt and continuing to chase monetary revenue indefinitely by leveraging more and more funds.more Jorg Guido Hulsmann quotes | You can imagine, then, how this inflation and debt-based system, over time, will begin to change the culture of a society and its behavior.
We become more materialistic than under a natural monetary system. We can’t just sit on our savings anymore, and we have to watch our investments constantly, and think about revenue constantly, because if it is not earning enough, we are actively getting poorer.more Jorg Guido Hulsmann quotes | Armaments, universal debt and planned obsolescence - those are the three pillars of Western prosperity.more Aldous Huxley quotes | It is apparent from the whole context of the Constitution as well as the history of the times which gave birth to it, that it was the purpose of the Convention to establish a currency consisting of the precious metals. These were adopted by a permanent rule excluding the use of a perishable medium of exchange, such as certain agricultural commodities recognized by the statutes of some States as tender for debts, or the still more pernicious expedient of paper currency.more Andrew Jackson quotes | I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country.more Andrew Jackson quotes | Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.more Andrew Jackson quotes | 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.more Thomas Jefferson quotes | I place economy among the first and most important virtues and public debt as the greatest dangers to be feared ... We must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty or profusion and servitude ... The same prudence which in private life would forbid our paying money for unexplained projects, forbids it in the disposition of public money. We are endeavoring to reduce the government to the practice of rigid economy to avoid burdening the people ...more Thomas Jefferson quotes | The mass of mankind has not been born with saddles on their backs, nor a favored few booted and spurred, ready to ride them legitimately, by the grace of God.more Thomas Jefferson quotes | To lay taxes to provide for the general welfare of the United States, that is to say, 'to lay taxes for the purpose of providing for the general welfare.' For the laying of taxes is the power, and the general welfare the purpose for which the power is to be exercised. They are not to lay taxes ad libitum for any purpose they please; but only to pay the debts or provide for the welfare of the Union.more Thomas Jefferson quotes | I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared.more Thomas Jefferson quotes | The system of banking we have both equally and ever reprobated. I contemplate it as a blot left in all our constitutions, which, if not covered, will end in their destruction, which is already hit by the gamblers in corruption, and is sweeping away in its progress the fortunes and morals of our citizens. Funding I consider as limited, rightfully, to a redemption of the debt within the lives of a majority of the generation contracting it; every generation coming equally, by the laws of the Creator of the world, to the free possession of the earth he made for their subsistence, unincumbered by their predecessors, who, like them, were but tenants for life.more Thomas Jefferson quotes | But with respect to future debt; would it not be wise and just for that nation to declare in the constitution they are forming that neither the legislature, nor the nation itself can validly contract more debt, than they may pay within their own age, or within the term of 19 years.more Thomas Jefferson quotes | | | | Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.more John F. Kennedy quotes | That this House considers that the continued issue of all the means of exchange -- be they coin, bank-notes or credit, largely passed on by cheques -- by private firms as an interest-bearing debt against the public should cease forthwith; that the Sovereign power and duty of issuing money in all forms should be returned to the Crown, then to be put into circulation free of all debt and interest obligations...more Captain Henry Kerby quotes | 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.more William Lyon Mackenzie King quotes | Farce, gross incompetence, and tragedy is the hallmark of big centralized government, wherever it develops. Big centralized government has developed in the United States year after year since the 1930s, and it has both solidified and metastasized since 9-11. Today, we live at the will and by the grace of a dystopian and grasping government. There is not an exceptional amount of time left before this government collapses, but before it does, we the people will suffer far more than we have suffered to date. Banking collapses, mortgage fraud at the highest levels, government bailouts, currency printing, and inflation in food and energy are just a foretaste of the future, led by the same Washington public-private cartel we have suffered for decades. . . .
I believe our government -- outdated, unrestrained by the Constitution and soon to default on every debt it has taken on in our name -- cannot long endure. But unlike those who run and benefit from our modern American nationalism, corporatism and socialism, I do not fear average Americans seeking self-government, rule of law and liberty.
That's why on Sept. 11, I will not be celebrating America's undeclared wars on countries that had nothing to do with the Sept. 11 attacks 10 years ago. I will not be attending remembrances of victims of that day, because those remembrances refuse to count American liberty, rule of law and freedom of trade and movement uppermost on that list of the sacrificed. I will not attend any program offered by a religious or political organization that seeks to ride a federal government bandwagon to confirm some imperative of war against Islam halfway around the world, or that seeks to promote the false concept of a culture war as somehow God's intent for America.
On this 10-year anniversary, I intend to go about my business as usual, and say a prayer of gratitude for the small freedoms I have left. In the afternoon, I'll be in Charlottesville, Va., learning about local apprenticeship and crafts demonstrations. In the evening, I'll check the livestock and gather the eggs. I won't allow what I personally experienced that day in the Pentagon, nor the subsequent government drumbeats for war, waving the Sept. 11 banner, to diminish my awareness of the meaning of liberty.
The real battle for Americans today is a battle to reassert our independence from an overbearing and unsustainable state. Today, we can all celebrate that there are fundamental cracks in the federal state's veneer, and we can be grateful for the options we still have in our own lives to live free, to practice charity and faith, creativity and productivity and to rediscover our own power as individuals and communities.more Karen Kwiatkowski quotes | A liberal is someone who feels a great debt to his fellow man; a debt he proposes to pay off with your money.more G. Gordon Liddy quotes | I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country; corporations have been enthroned, an era of corruption in High Places will follow, and the Money Power of the Country will endeavor to prolong its reign by working upon the prejudices of the People, until the wealth is aggregated in a few hands, and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of warmore Abraham Lincoln quotes | But the mild voice of reason, pleading the cause of an enlarged and permanent interest, is but too often drowned, before public bodies as well as individuals, by the clamors of an impatient avidity for immediate and immoderate gain.more James Madison quotes | History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance.more James Madison quotes | I go on the principle that a public debt is a public curse, and in a Republican Government a greater curse than any other.more James Madison quotes | It is a principle incorporated into the settled policy of America, that as peace is better than war, war is better than tribute.more James Madison quotes | Of all the enemies to public liberty war is, perhaps, the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes...known instruments for bringing the many under the domination of the few.… No nation could preserve its freedom in the midst of continual warfare.more James Madison quotes | There is not a more important and fundamental principle in legislation, than that the ways and means ought always to face the public engagements; that our appropriations should ever go hand in hand with our promises. To say that the United States should be answerable for twenty-five millions of dollars without knowing whether the ways and means can be provided, and without knowing whether those who are to succeed us will think with us on the subject, would be rash and unjustifiable. Sir, in my opinion, it would be hazarding the public faith in a manner contrary to every idea of prudence.more James Madison quotes | I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on the objects of benevolence, the money of their constituents.more James Madison quotes | Only a debt-backed system of paper money could finance the great wars, the social improvements and the fevered dreams of the 20th century.more Brian Maher quotes | By the power to lay and collect imposts Congress may impose duties on any or every article of commerce imported into these states to what amount they please. By the power to lay excises, a power very odious in its nature, since it authorizes officers to examine into your private concerns, the Congress may impose duties on every article of use or consumption: On the food that we eat, on the liquors we drink, on the clothes that we wear, the glass which enlighten our houses, or the hearths necessary for our warmth and comfort. By the power to lay and collect taxes, they may proceed to direct taxation on every individual either by a capitation tax on their heads or an assessment on their property. By this part of the section, therefore, the government has a power to tax to what amount they choose and thus to sluice the people at every vein as long as they have a drop of blood left.more Luther Martin quotes | If, as it appears, the experiment that was called 'America' is at an end ... then perhaps a fitting epitaph would be ... 'here lies America the greatest nation that might have been had it not been for the Edomite bankers who first stole their money, used their stolen money to buy their politicians and press and lastly deprived them of their constitutional freedom by the most evil device yet created --- The Federal Reserve Banking System.'more G. D. McDaniel quotes | The Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements.... The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States.... The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it.more Louis McFadden quotes | | I am afraid that the ordinary citizen will not like to be told that the banks can and do create and destroy money. And they who control the credit of a nation direct the policy of governments, and hold in the hollow of their hands the destiny of the people.more Reginald McKenna quotes | All questions of power, arising under the constitution of the United States, whether they relate to the federal or a state government, must be considered of great importance. The federal government being formed for certain purposes, is limited in its powers, and can in no case exercise authority where the power has not been delegated. The states are sovereign; with the exception of certain powers, which have been invested in the general government, and inhibited to the states. No state can coin money, emit bills of credit, pass ex post facto laws, or laws impairing the obligation of contracts, &c. If any state violate a provision of the constitution, or be charged with such violation to the injury of private rights, the question is made before this tribunal; to whom all such questions, under the constitution, of right belong. In such a case, this court is to the state, what its own supreme court would be, where the constitutionality of a law was questioned under the constitution of the state. And within the delegation of power, the decision of this court is as final and conclusive on the state, as would be the decision of its own court in the case stated.more Justice John McLean quotes | That distinct sovereignties could exist under one government, emanating from the same people, was a phenomenon in the political world, which the wisest statesmen in Europe could not comprehend; and of its practicability many in our own country entertained the most serious doubts. Thus far the friends of liberty have had great cause of triumph in the success of the principles upon which our government rests. But all must admit that the purity and permanency of this system depend on its faithful administration. The states and the federal government have their respective orbits, within which each must revolve. If either cross the sphere of the other, the harmony of the system is destroyed, and its strength is impaired. It would be as gross usurpation on the part of the federal government, to interfere with state rights, by an exercise of powers not delegated; as it would be for a state to interpose its authority against a law of the union.more Justice John McLean quotes | Capital must protect itself in every way... Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd.more J. P. Morgan quotes |
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