2023 March 31
"When you or I write a check there must be sufficient funds
in our account to cover that check, but when the Federal Reserve
writes a check, it is creating money."
"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."
"The drive of the Rockefellers and their allies is to create a one-world government combining supercapitalism and communism under the same tent, all under their control... Do I mean conspiracy? Yes I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent."
2023 March 30
1. Abolition of property in land and application of all rents of land
to public purposes.
2. A heavy progressive or graduated income tax.
3. Abolition of all rights of inheritance.
4. Confiscation of the property of all emigrants and rebels.
5. Centralization of credit in the banks of the state, by means of a
national bank with state capital and an exclusive monopoly.
6. Centralization of the means of communication and transport in the
hands of the state.
7. Extension of factories and instruments of production owned by the
state; the bringing into cultivation of waste lands, and the
improvement of the soil generally in accordance with a common plan.
8. Equal obligation of all to work. Establishment of industrial armies,
especially for agriculture.
9. Combination of agriculture with manufacturing industries;
gradual abolition of all the distinction between town and country
by a more equable distribution of the populace over the country.
10. Free education for all children in public schools. Abolition of
children's factory labor in its present form. Combination of education
with industrial production, etc.
"Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation."
"Give me control of a nation's money
and I care not who makes the laws."
2023 March 29
"If Congress has the right under the Constitution to issue paper money,
it was given to be used by themselves, not to be delegated to individuals
or corporations."
"Of all contrivances for cheating the laboring classes of mankind, none
has been more effective than that which deludes them with paper money."
"Monetary policy today is guided by little more than government fiat -- by the calculations, often mistaken economic theories, and whims of central bankers or, even worse, politicians. Under such a regime, inflation of three or four percent annually has come to be viewed as a stellar monetary performance. However, under a more sound monetary system -- i.e., a gold standard -- such increases in the general price level would be seen as wildly inflationary."
2023 March 28
"The trouble with gold is that it turns its back on world improvers, empire builders and do-gooders."
"The Great Depression was not caused by laissez faire but by the actions of well-intended politicians and bureaucrats. The Federal Reserve System, after all, was not created in response to the Great Depression, but in 1913. Soon thereafter it began experimenting with its awesome powers, expanding the money supply during the roaring ‘20s, propping up the pound sterling in London, extending credit so Europeans could buy American agricultural products. All the while, Congress was becoming more and more protectionist. When the Fed reversed policies in 1929 and actually shrunk the money supply by a third over the next three years and Congress culminated its protectionist tendencies with the Smoot-Hawley tariff, the collapse was underway. The fact that Hoover then raised taxes and Roosevelt kept wages artificially high guaranteed the massive unemployment that marked the 1930s. Government caused and exacerbated the Great Depression."
2023 March 27
"Communism is not a creation of the masses to overthrow the Banking establishment, but rather a creation of the Banking establishment to overthrow and enslave the people."
"... the powers of financial capitalism had another far-reaching aim,
nothing less than to create a world system of financial control in
private hands able to dominate the political system of each country and
the economy of the world as a whole. This system was to be controlled
in a feudalist fashion by the central banks of the world acting in
concert, by secret agreements arrived at in frequent private meetings
and conferences."
"When the President signs this act [Federal Reserve Act of 1913],
the invisible government by the money power -- proven to exist
by the Monetary Trust Investigation -- will be legalized.
The new law will create inflation whenever the trusts want inflation.
From now on, depressions will be scientifically created."
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