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Famous Quotes and Quotations about Fed

Fed Quotes 151-187 out of 187
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Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits.
more Sir Josiah Stamp quotes
I think the inherent right of the government to lie to save itself when faced with nuclear disaster is basic -- basic.
more Arthur Sylvester quotes
It is said, mostly by Libertarians, that ‘taxation is theft.’ Theft is too mild a word. Typically, a thief strikes only once, and doesn’t pretend that his robbery is legitimate. Taxation is actually slavery.
more Rick Tompkins quotes
Mr. Speaker, we are now in Chapter 11... Members of Congress are official trustees presiding over the greatest reorganization of any bankrupt entity in world history.
more James A. Traficant, Jr. quotes
Mr. Speaker, in 1848, Karl Marx said, a progressive income tax is needed to transfer wealth and power to the state. Thus, Marx's Communist Manifesto had as its major economic tenet a progressive income tax. Think about it, 1848 Karl Marx, Communism.... I say it is time to replace the progressive income tax with a national retail sales tax, and it is time to abolish the IRS, my colleagues. I yield back all the rules, regulations, fear, and intimidation of our current system.
more James A. Traficant, Jr. quotes
A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain.
more Mark Twain quotes
No state shall emit bills of credit, make any thing but gold and silver coin a tender in payment of debts, coin money...
more United States Constitution quotes
No State shall... coin money; emit bills of credit; make any thing but gold and silver coin a tender in payment of debts...
more United States Constitution quotes
To lay with one hand the power of the government on the property of the citizen, and with the other to bestow it upon favored individuals to aid private enterprises and build up private fortunes, is nonetheless a robbery because it is done under the forms of law and is called taxation. This is not legislation. It is a decree under legislative forms.
more United States Supreme Court quotes
Because of what appears to be a lawful command on the surface, many Citizens, because of their respect for what appears to be law, are cunningly coerced into waiving their rights due to ignorance.
more United States Supreme Court quotes
Our tax system is based upon voluntary assessment and payment, not upon distraint.
more United States Supreme Court quotes
The Constitution prohibits any direct tax, unless in proportion to numbers as ascertained by the census..... [and] ... prohibits Congress from laying a direct tax on the revenue from property of the citizen without regard to state lines...
more United States Supreme Court quotes
... [the 16th Amendment] conferred no new power of taxation... [and]... prohibited the ... power of income taxation possessed by Congress from the beginning from being taken out of the category of indirect taxation to which it inherently belonged...
more United States Supreme Court quotes
The Constitution is a written instrument. As such it's meaning does not alter. That which it meant when adopted, it means now.
more United States Supreme Court quotes
... bank records are not the depositor's private papers and having given the information to the bank, the depositor has no legitimate expectation of continued privacy... Records of an individual's accounts with banks are not the individual's private papers protected against compulsory production by the 4th Amendment, but instead are the business records of the banks.
more United States Supreme Court quotes
...the intent of the lawmaker is to be found in the language that he has used.
more United States Supreme Court quotes
No state shall ... make any thing but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.
more U. S. Constitution quotes
The Congress shall have power: To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;
more U. S. Constitution quotes
Series 1863-1934 U.S. Gold Certificate - This is to certify that there have been deposited in the treasury of The United States of America [denomination face value, i.e. Ten Dollars] in gold coin payable to the bearer on demand.
Series 1886-1963 U.S. Silver Certificate - This certifies that there is on deposit in the treasury of The United States of America [denomination face value, i.e. Ten Dollars] in silver payable to the bearer on demand.
Series 1913-1934 Federal Reserve Note - Redeemable in gold on demand at the United States Treasury or in gold or lawful money at any Federal Reserve Bank.
Series 1934-1963 Federal Reserve Note - This note is legal tender for all debts public and private and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank.
Series 1963- Federal Reserve Note - This note is legal tender for all debts, public and private.

more U. S. Currency quotes
Emitting bills of credit, or the creation of money by private corporations, is what is expressly forbidden by Article 1, Section 10 of the U.S. Constitution.
more U.S. Supreme Court quotes
You can fool some of the people all of the time, and all of the people some of the time, and that's good enough.
more Dr. Edwin Vieira quotes
It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.
more Paul Volcker quotes
Paper money eventually returns to its intrinsic value -- zero.
more Voltaire quotes
The banks -- commercial banks and the Federal Reserve -- create all the money of this nation and its people pay interest on every dollar of that newly created money. Which means that private banks exercise unconstitutionally, immorally, and ridiculously the power to tax the people. For every newly created dollar dilutes to some extent the value of every other dollar already in circulation.
more Jerry Voorhis quotes
When you pay social security taxes, you are in no way making provision for your own retirement. You are paying the pensions of those who are already retired. Once you understand this, you see that whether you will get the benefits you are counting on when you retire depends on whether Congress will levy enough taxes, borrow enough, or print enough money...
more W. Allen Wallis quotes
We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.
more James Paul Warburg quotes
Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.
more George Washington quotes
We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.
more Daniel Webster quotes
Of all contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.
more Daniel Webster quotes
The banks do create money. They have been doing it for a long time, but they didn't realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it.
more H. W. White quotes
All we have to do now is to inform the public that the payment of social security taxes is voluntary and watch the mass exodus.
more Walter E. Williams quotes
We have restricted credit, we have restricted opportunity, we have controlled development, and we have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world--no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.
more Woodrow Wilson quotes
Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the U.S., in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.
more Woodrow Wilson quotes
A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.
more Woodrow Wilson quotes
I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.
more Woodrow Wilson quotes
We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the world.
more Woodrow Wilson quotes
Where would we be if we had I.O.U.'s scrip and certificates floating all around the country?" Instead he decided to "issue currency against the sound assets of the banks. [As opposed to issuing currency against gold.] The Federal Reserve Act lets us print all we'll need. And it won't frighten the people. It won't look like stage money. It'll be money that looks like real money.
more William Hartman Woodin quotes
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Fed Quotes 151-187 out of 187
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