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2006 January 27
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"I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared." |
"The government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government's greatest creative opportunity. The financing of all public enterprise, and the conduct of the treasury will become matters of practical administration. Money will cease to be master and will then become servant of humanity." |
"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." |
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2006 January 26
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"The issue which has swept down the centuries
and which will have to be fought sooner or later
is the people versus the banks." |
"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." |
"If money be not thy servant, it will be thy master.
The covetous man cannot so properly be said to possess wealth,
as that may be said to possess him." |
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2006 January 25
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"We have stricken the shackles from 4,000,000 human beings
and brought all labourers to a common level,
but not so much by the elevation of former slaves
as by reducing the whole working population,
white and black, to a condition of serfdom.
While boasting of our noble deeds,
we are careful to conceal the ugly fact
that by our iniquitous money system
we have manipulated a system of oppression which,
though more refined, is no less cruel than
the old system of chattel slavery." |
"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." |
"...the concentration of capital and the growth of their turnover
is radically challenging the significance of the banks. Scattered
capitalists are transformed into a single collective capitalist. When
carrying the current accounts of a few capitalists, the banks, as it
were, transact a purely technical and exclusively auxiliary operation.
When, however, these operations grow to enormous dimensions
we find that a handful of monopolists control all the operations,
both commercial and industrial, of capitalist society.
They can, by means of their banking connections." |
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2006 January 24
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"I know of no other country where love of money
has such a grip on men's hearts or
where stronger scorn is expressed for
the theory of permanent equality of property." |
"Money for me has only one sound: liberty." |
"Money is the sign of liberty. To curse money is to curse liberty -- to curse life, which is nothing, if it be not free." |
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2006 January 23
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"Be kind, for everyone you meet is fighting a hard battle." |
"The wise do freely, early and in good time,
what fools do later out of necessity." |
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