Interesting quotes about money

[undergroundpanther]

"All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation." – John Adams, letter to Thomas Jefferson

"Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States" -Sen. Barry Goldwater (Rep. AR)

"The Federal Reserve bank buys government bonds without one penny..." - Congressman Wright Patman, Congressional Record, Sept 30, 1941

"Some people think the Federal Reserve Banks are the United States government's institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers" - Congressional Record 12595-12603 - Louis T. McFadden, Chairman of the Committee on Banking and Currency (12 years) June 10, 1932

"When you or I write a check there must be sufficient funds in out account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money." - Putting it simply, Boston Federal Reserve Bank

...But here is the point: If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an addi- tional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People. If the currency issued by the People were no good, then the bonds would be no good, either. It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold. Interest is the invention of Satan". - THOMAS A. EDISON

And it is debt that will be the excuse for corporations like IBM to extract from us,free labor,because we "owe" them this so called interest..

[WannaJumpMyScooter]

1. And a new one...

"Fuck it. Print more." G.W. Bush

[Drifter]

3. And another ...

"Hello ... I like Money"

Mr Crabs from the SpongeBob SquarePants movie

Cheers
Drifter

[Godai Kyoko]

2. I don't quite see where you are going with this

Are you saying the Federal Reserve is a bad idea? That we should go back to having Wells Fargo, JP Morgan Chase, SunTrust and the First National Bank of Happy Valley issue our currency?

Should we go back to a metal standard?

Just where are you going with this?

[undergroundpanther]

4. Just wanted to provoke a questioning perspective

[peanutbrittle]

5. good answer !

It's amazing how many people read into thought provoking posts as if there is some type of underlying agenda on the part of the orignal poster. I have seen this happen over and over again here.

I'm writing your response down for future use

Thanks!

[Godai Kyoko]

7. questions about irresponsible authority are always good

I was just trying to find a pattern to the quotations.

It is sort of like the coloquiy "Life Sucks!" "Sure it does, but consider the alternitive..."

[peanutbrittle]

9. In retrospect......

I may have been reading into your post too much and misunderstood what your intention was as well. And I apologize for that.

encouraging debate IS a good thing....carry on!

[peanutbrittle]

6. Never invest your money

in anything that eats or needs repairing. Billy Rose:+

[rman]

8. Imagine we'd control the issuing of our own currency;

we wouldn't have to pay interest to ourselves.

The very notion that there's some (semi) private institution that supersedes the power of a nation, seems rather peculiar to me.

And it hasn't always like that;

"Ben Franklin answering a question about the booming economy of the young colonies: "That is simple. In the colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportions to the demands of trade and industry." (Colonial Scrip had no debt or interest attached)."
http://www.kamron.com/economics/people_who_opposed_the_FRB.htm

Colonial Script
Contributed by: Dave Hayes
http://www.kamron.com/Liberty/colonial_script.htm


Certain powers have been seeking control over the currency of nations since forever, and many a president has tried to prevent such a takeover in the US. But in the end 'they' got their way.


Federal Reserve (wiki)
http://en.wikipedia.org/wiki/Federal_Reserve


Passage of the Federal Reserve Act (1913)
http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Article=SecretsCh03#Act
The Glass Bill (the House version of the final Federal Reserve Act) had passed the House on September 18, 1913 by 287 to 85. On December 19, 1913, the Senate passed their version by a vote of 54-34. More than forty important differences in the House and Senate versions remained to be settled, and the opponents of the bill in both houses of Congress were led to believe that many weeks would yet elapse before the Conference bill would be ready for consideration.

The Congressmen prepared to leave Washington for the annual Christmas recess, assured that the Conference bill would not be brought up until the following year. Now the money creators prepared and executed the most brilliant stroke of their plan. In a single day, they ironed out all forty of the disputed passages in the bill and quickly brought it to a vote. On Monday, December 22, 1913, the bill was passed by the House 282-60 and the Senate 43-23.