6139008-History-of-Money

"Lenin is said to have declared that the best way to destroy the capitalistic system was to debauch the currency. Leninwas certainly right. There is no subtler, no surer means of overturning the existing basis of society. the process engagesall the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a millioncan diagnose." John Maynard Keyuner, The Economic Consequences of the Peace, 1920."If, however, a government refrains from regulations and allows matters to take their own course, the worthlessness ofthe money becomes apparent and the fraud upon the public can be concealed no longer." Keynes, ibid."Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, butpromises to supply money they do not possess." Irving Fisher, 100% Money."When plunder becomes a way of life for a group of men living together in society, they create for themselves in thecourse of time a legal system that authorizes it and a moral code that glorifies it." Frederic Bastiat, The Law."Give me the power to issue a nation's money; then I do not care who makes the law." Anselm Rothschild."Whoever controls the volume of money in any country is absolute master of all industry and commerce." James A.Garfield."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." U.S. Supreme Court, Craig v. Missouri, 4 Peters 410."The actual process of money creation takes place in commercial banks. As noted earlier, demand liabilities of commercialbanks are money." Federal Reserve Bank of Chicago, Modern Money Mechanics, p.3."Confidence in these forms of money also seems to be tied in some way to the fact that assets exist on the books of thegovernment and the banks equal to the amount of money outstanding, even though most of the assets themselves are nomore than pieces of paper--." ibid., p.3."The Bureau of Engraving and Printing in Washington, D.C., a unit of the treasury, is responsible for printing the nation'scurrency. But its orders to print come from the 12 Federal Reserve Banks, not the President or Congress. The reservebanks, not the treasury, determine how much currency is printed. Under this arrangement, the government can't printmore Federal Reserve Notes to pay its bills or debts." Federal Reserve Bank of New York, I Bet You Thought, p.13."Commercial banks create checkbook money whenever they grant a loan, simply by adding new deposit dollars inaccounts on their books in exchange for a borrower's IOU." ibid., p. 19."The 12 regional reserve banks aren't government institutions, but corporations nominally 'owned' by member commercialbanks." Ibid., p. 27."Without the confidence factor, many believe a paper money system is liable to collapse eventually." Federal ReserveBank of Philadelphia, Gold, p. 10."Government is the only agency which can take a useful commodity like paper, slap some ink on it and make it totallyworthless." Ludwig von Mises."Inflation, even if correctly anticipated, reduces the wealth of money holders in proportion to their holdings of money." St.Louis Federal Reserve Review, Feb. 1975, p.19."In 1945, non farm families owed $5.7 billion, consisting primarily of installment debt. By 1974 the debts had risen to$190.1 billion--a leap of 32235 percent." Wm. E. Simon, A Time for Truth."Because of 'fractional' reserve system, banks, as a whole, can expand our money supply several times, by making loansand investments." Federal Reserve Bank, New York The Story of Banks, p.5."Vault cash held by banks is not considered a part of the stock of money available for spending by the non bank public."Modern Money Mechanics, p.2."The decrease in purchasing power incurred by holders of money due to inflation imparts gains to the issuers of money--."St. Louis Federal Reserve Bank, Review, Nov. 1975, p.22“The individual is handicapped by coming face to face with a conspiracy so monstrous he cannot believe it exists”. -- J.Edgar Hoover, FBI Director 1924-1972, quoted in The Elks Magazine (August 1956)."It is the duty of the patriot to protect his country from its [corrupt feudal] government." -- Thomas Paine.“Each of you, for himself, by himself and on his own responsibility, must speak”. -- Mark Twain.The Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 178