Joseph Addison Quote - Liberty Quotes Blog

"A day, an hour, of virtuous liberty
Is worth a whole eternity in bondage."

by:	Joseph Addison
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Categories:	Liberty, Slavery, Virtue
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-- Mike, Norwalk
I long for the day when the American people can be free of debt. I long for the day that the American people stand up and become vigilant about paying their debt rather than passing it on to their children. We have been slack and unvigilant about our finances. -- Waffler, Smith
Yes Waff, and we have elected those people who are impoverishing this nation with profligate spending. Naturally they blame it on everyone else. They need to go in November. -- jim k, Austin,Tx
Waffler, as long as we have the Keynesian System and the privately owned Federal Reserve printing thin air dollars, we will have debt...that's just how it works. -- J Carlton, Calgary
Maybe one day Waffler will actually do his due diligence and learn that every so-called 'dollar' in money (either notes or cheques) is an interest-bearing debt. When you learn that banks create money out of thin air when they 'loan' it (actually they say they are 'extending you credit'), then you understand that debts cannot be paid off unless we stop using IOUs for currency. Every dollar in your bank account has been borrowed by someone -- and interest is still being paid on it somewhere (excluding all the bankruptcies -- actually bankruptcy is good for the money supply, but that is a different topic). When currency is backed by non-perishable commodities (like precious metals), we are trading in 'certificates' not 'promissory notes' (IOUs). When we trade using currency that is backed by something with real intrinsic value, the money is not destroyed -- ever. Even Keynes knew this, and that is why he proposed the current monetary system -- because it puts awesome power into the hands of those who issue the debt (currency). It is a way for governments to 'raise' unlimited amounts of money without having to go to the People -- with or without their permission/support. Since the US federal government is essentially a bankrupt entity being allowed to do business with coupons issued by their creditors (the Federal Reserve), the users of these notes have to obey the rules associated with them. We are in fact not paying for anything -- these debt notes do not discharge any debts, only pass on the liability of the debt. I believe if Waffler really was interested in finding out if this is true, he would make great strides. But his prejudices are deeply entrenched as a beneficiary of this system. Oh, Waffler, happy little house slave given privileges from his master for being so trustworthy to never even think of trying to escape... -- E Archer, NYC

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