Lew Rockwell Quote

"American money was never more sound, or banking more free, than 200 years ago. Since then, it’s been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole."

by:	Lew Rockwell [Llewellyn H. Rockwell, Jr.] (1944- ) Chairman of the Ludwig von Mises Institute
Source:	Banks On The Dole, The Free Market, November 1995.
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Categories:	Economics, Fed, Fiat, Inflation, Money
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-- Mary - MI
The gold is gone, and so is any form of economic security. We live in a ponzi scheme.  -- J Carlton, Calgary      1
In 1913 we got the income tax and the Federal Reserve and it's been downhill ever since.  -- jim k, Austin,Tx      1
Money is only a myth today.  -- cal, lewisville, tx      1
The Federal Reserve Bank is no more "Federal" than you or I. Its a "private" banking conglomerate that artificially create a situation to force nations to borrow money and keep it indebted to these banks indefinitely. Their biggest "customer"?.... Good old USA. The land of the free. Free slaves who'll work their asses off, and gladly pay a portion of their earnings in the form of Federal Income Tax to pay the "Federal Reserve Bank" for the country's debt.  -- Mike, Vancouver      1
I think Mike, and Jim, and many of you who post here, are right, we are ALL right, we all know the truth, again, what do we do? For the last 6 years, hundreds of thousands have been preparing underground food storage, weapons, and generally preparing for a hell we see coming. Yes Mr. Carlton, ur right too. The ONLY answer is to start over, with new leaders, who will folow the constitution. Will it happen? we are all in doubt.  -- Kimo, Hawaiian Nations      1
Animated depiction of the history of the money machine: (its very good)...http://www.youtube.com/watch?v=kD1G7f4bE0w&feature=related  -- J Carlton, Calgary
said well  -- Mike, Norwalk
-- Ronw13, ID
It sounds more rational to base our efforts on paper then a really worthless rock.  Paper money is an advance and the more we advance we will understand to exchange our efforts for more advanced messages then money.  Words are the human preserve and sooner or later we will trust each other enough to bank on just words, when all will accept the Universal proclamation......In Human We Trust.  Socialism is the challenge of social abilities to create.  -- Fredrick William Sillik, Anytown
PS: I would like to mention in my fledgling Socialistic days, some thirty years ago, that a "socialist" introduced the concept of no money into my awareness of the Socialist arrangement. I remember being simply ecstatic about the prospect. And after a further independent examination of the concept all the forces point to this highly advanced procedure. After that I was lead to my own conclusions and idea of In Humans We Trust. Much of today's crime does it exchanges without money, trading contraband, obviously for the this "socialist" to be aware of concept. This is actually psychotic and this "socialist" would have first hand experience with that. Socialism deals in productive change, for criminals do mistake themselves for some Socialistic design, the problem is they have to become a legitimate product deliverer and not drugs and sex.Socialism is the challenge of social abilities to create.  -- Fredrick William Sillik, Anytown
PPS: If you think drugs and sex are legitimate products you need your head examined.  -- Fredrick William Sillik, Anytown

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