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2009 February 13
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"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." |
"Thus, our national circulating medium is now
at the mercy of loan transactions of banks, which lend,
not money, but promises to supply money they do not possess." |
"Those who create and issue money and credit
direct the policies of government and
hold in the hollow of their hands
the destiny of the people." |
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2009 February 12
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"The study of money, above all other fields in economics, is one in which
complexity is used to disguise truth or to evade truth, not to reveal it." |
"The legal tender quality [of money]
is only valuable for the purposes of dishonesty." |
"Money power denounces, as public enemies,
all who question its methods or
throw light upon its crimes." |
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2009 February 11
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"Madison, agreeing with the journal of the convention,
records that the grant of power to emit bills of credit
was refused by a majority of more than four to one.
The evidence is perfect; no power to emit paper money
was granted to the legislature of the United States." |
"No state shall emit bills of credit, make any thing but gold
and silver coin a tender in payment of debts, coin money..." |
"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." |
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2009 February 10
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"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." |
"With the exception only of the period of the gold standard,
practically all governments of history have used their exclusive
power to issue money to defraud and plunder the people." |
"Is there any reason why the American people
should be taxed to guarantee the debts of banks,
any more than they should be taxed to guarantee
the debts of other institutions, including merchants,
the industries, and the mills of the country?" |
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2009 February 09
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"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." |
"Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency... Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose." |
"With the monetary system we have now, the careful saving of a lifetime can be wiped out in an eyeblink." |
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