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This section is devoted to following issues of
money, banking, fiscal, and monetary policy and their impacts on families
and the nation as a whole.
- Current News
- Historical Articles
Dept. of Injustice Press Release: Defendant Cartoon Character Convicted of Minting His Own Currency
Fed Would be Shut
Down if Audited- CNBC. The counterfeiting franchise is
out of control and will DESTROY this country
Egold Indicted by Feds-
dare to cut the international banking cartel out of their "piece
of the action" and look what happens. No doubt the charges are bogus.
- 03/23/2007: U.S.
Mint says NORFED Liberty Dollar is Illegal
RFID Tags in New U.S. Notes Explode
When You Try To Microwave Them
- 02/09/2004: Newsletter
of Norfed-denies legal threats to viability of his alternative
Is the United States Flat Out Broke?-Worldnet Daily
Bill to Eliminate the Federal Reserve Introduced-Congressman
Ron Paul sponsors
Legislation to Abolish the Federal Reserve-Congressman Ron Paul
- 04/07/2002: Jim
Trimbach, FBI-A revealing interview with a leading FBI anti-money
laundering agent gives a rare look at how the money cops think and
- 02/19/2002: Bank of America Can Now Give Your Bank Account Away with No Liability!-Unbelievable!
- 03/31/2001: Secret
Service Raids Gold-Age
- Anne Williamson Exposes Federal Reserve-WorldNet Daily
Euro Banks to Embed RFID Chips by 2005-Your money will keep
track of where it has been!
Crash Course-introduction to money, economics, debt, and politics.
Chris Martenson. Excellent.
Corporatization and Privatization of the Government, Form #05.024
(OFFSITE LINK) -Shows how our de jure constitutional republic has
been replaced by a private, for-profit corporate monopoly.
The money system is de facto mechanism for recruiting people to
become employees and officers of the corporation through compelled
use of of government numbers by banks and employers.
It's Just Time-why
we face a huge economic meltdown and what to do about it.
By a Princeton professor
Adam Smith's "The Wealth of Nations"-document upon which the
founders wrote the United States constitution
of an Economic Hitman (1.6Mbytes, MP3)-John Perkins tells his
story about how he destroyed poor countries with economic coercion
on behalf of the U.S. government. Amazing
Enemy of our Souls (OFFSITE LINK)-Pastor Matt Trewhella (audio)
- Attention "Public Servant"-an
open letter to all those who work for the federal government
- Effect of Government
Debt and Spending Policies Since Reagan-by Kevin Schan
Declaration of Cause and Necessity to Abolish the U.S. Government-(HOT!)
an open letter by John B. Nelson submitted by one of our readers.
Provides compelling evidence of the existence of the New World Order
Comprehensive Annual Financial Reports-Antishyster Magazine
Things You Aren't Supposed to Think About-Antishyster Magazine
Jefferson's Prophesy: The Bankruptcy of America
U.S. Government Financial
Report, 2002-(1.55 Mbytes) U.S. Treasury
Issues Library: Jobs and Economy-Town Hall
SEC Release No. 34-47752, File No. S7-25-02-Customer Identification
Programs for Broker Dealers
Privacy Act Notices of Systems of Records-Social Security Administration
U.S. Department of Justice: Federal Guidelines for Searching and
U.S. Department of Justice: Electronic Evidence Search and Seizure
Information Return Scam-excellent
"trade or business" scam-heart of the IRS fraud and the
reason for the existence of "Currency Transaction Reports",
1099's, and W-2's
Correcting Erroneous Information Returns, Form #04.001 (OFFSITE
LINK)-how to correct erroneous information returns.
Corrected Information Return Attachment Letter, Form #04.002
(OFFSITE LINK)-how to correct erroneous information returns.
Correcting Erroneous IRS Form 1042's, Form #04.003 (OFFSITE
LINK)- (RED HOT!) how to correct
Correcting Erroneous IRS Form 1098's, Form #04.004 (OFFSITE
LINK)- (RED HOT!) how to correct
Correcting Erroneous IRS Form 1099's, Form #04.005 (OFFSITE
LINK)- (RED HOT!) how to correct
Correcting Erroneous IRS Form W-2's, Form #04.006 (OFFSITE
LINK)- (RED HOT!) how to correct
Precious Metal Transaction Reporting, Form #04.106 (OFFSITE
LINK)-legal requirements for the reporting of precious metal
Demand for Verified Evidence of "Trade or Business" Activity:
Information Return, Form #04.007 (OFFSITE LINK)-Use this
form in the case where someone you work for or with may or definitely
will file a fraudulent Information Return against you, and you
are not engaged in a "trade or business". This prevents
you from having false or erroneous Information Returns filed
against you by educating companies and financial institutions
about their proper use. Information Returns include IRS
Forms W-2, 1042-S, 1098, and 1099.
- Criminal Complaint
Attachment: Fraudulent Information Return, Form #04.402
(OFFSITE LINK)-use this in combination with Form 04.006 above
Certification of Federal Privileged Status, Form W-0, Form #04.211
(OFFSITE LINK)-use this to establish evidence from your private
employer that you are not engaged in a "trade or business" or
any other federally privileged status.
Information Return FOIA: "Trade or Business", Form #03.023
(OFFSITE LINK)-use this as a "reliance defence" to develop evidence
that the government KNOWS you are not engaged in a "trade or
business' and is committing a crime by not admitting it.. By
Information Returns Processing (OFFSITE LINK)-IRS
Income Tax Withholding and Reporting Course, Form #12.004
(OFFSITE LINK)-training course which describes laws and requirements
relating to tax withholding and reporting for businesses and
26 U.S.C. §7434: Civil Damages for Fraudulent Filing of Information
Returns (OFFSITE LINK)
26 U.S.C. §7206: Fraud and False Statements (OFFSITE LINK)
26 U.S.C. §7207: Fraudulent Returns, Statements, or other documents
26 U.S.C. §6721: Failure to File Correct Information Return
26 U.S.C. §6041: Information at source (OFFSITE LINK)
18 U.S.C. §912: Impersonating a "public officer"
(OFFSITE LINK)-anyone who files a false information return against
a person who is not a "public officer" is criminally impersonating
a public officer
26 CFR §1.6041-1: Return of information as to payments of $600
or more (OFFSITE LINK)
26 CFR §1.6041-2: Return of information as to payments to employees
26 CFR §1.6041-3: Payments for which no return of information
is required under section 6041 (OFFSITE LINK)
26 CFR §1.6041-4: Foreign-related items and other exceptions
The Secret of Oz (OFFSITE LINK)-EXCELLENT! Narrated by
The Money Scam, Form #05.041 (OFFSITE LINK) -SEDM
Forms Page. Excellent.
Edwin Viera's "Cross of Gold" Paper -Excellent. Author
of the most authoritative work on money since the found of this
country, Pieces of Eight.
The Monetary Sin
of the West -Jacques Rueff. Excellent
Questions About the Bobby Kahre Case -Man was acquitted of violating
tax laws because he paid his employees in gold coin and didn't deduct
or report taxes on it
- "money" defined-Sovereignty
Forms and Instructions, Cites by topic. Note that the definition
does not include "notes", and Federal Reserve Notes are "notes".
George?-where is all the money right now?
- Follow The Money: Your
Deposits, U.S. Monetary System
of Engraving and Printing
- U.S. Mint
- Payment Inquiry Letter
-use this letter as a starting point for responding to a request
from any government official to pay some amount of money.
It will usually get them so flustered that they will just give up,
because they will have to admit they are violating the law to collect
Federal Reserve Board
Admits there is No definition for what a "dollar" is- in response
to an inquiry by a state official
Beers of Nevada Admits that Federal Reserve Notes are not "dollars"
and that there is no legal definition of what a "dollar" is, SEDM Exhibit #06.007
(OFFSITE LINK)- amazing
Senate Document 114,
January 15, 1934: FDR's Legislation to Improve the Financial
and Monetary System of the U.S.
Endorsing Checks to Avoid
a Taxable Event- We wouldn't try this, but the discussion is
for Common Cents-defending the penny. Current pennies
cost twice as much to produce as they are worth
- Ayn Rand on Money-from
her famous book Atlas Shrugged.
History of Money in the United States-authoritative statutes
marking all the changes to the United States money system
Bible Law on Money-Pastor
- The Utter Impossibility
of Gold Backed Money-Two 1980 sermons by Pastor Sheldon
Emry presents an educational scenario in which he makes a clear
demonstration of why gold-backed money won't work! SOURCE:
Pieces of Eight-the most authoritative legal treatise on
Constitutional Money ever written. By Edwin Viera
Legal Tender and Status-U.S. Treasury
Westlaw Keycite Search, 294k10: What is "Legal Tender"-lists
ALL cases describing what is "legal tender"
Westlaw Keycite Search, 294k11: What is "Not Legal Tender"?-lists
ALL cases describing what is NOT "legal tender"
House Joint Resolution (H.J.R.)
192: Abandonment of Gold-backed money-bill passed in 1933.
It was repealed in 1982
- United States
of America Money Act
Contracts Payable in Gold-Senate
Federal Reserve Board, Frequently Asked Questions: Currency,
Notes and Coins
Invisible Contracts: Federal Reserve Notes-by George Mercier
Nevada Constitutional Amendment
to Issues Money as Silver Coins-Assembly Bill 532, 72nd
Vieira's Official Website-the foremost authority on constitutional
authority for money
Writings of Edwin Vieira-respected expert on money
XXII, Of Laws in Relation to the Use of Money-the
Laws by Montesquieu. This is the book upon which the
founders designed the United States government and wrote the
United States Constitution
18 U.S.C. §1960: Prohibition of Unlicensed Money Transmitting
12 U.S.C. §411: Issuance to reserve banks; nature of obligation;
redemption-FRN's can be redeemed for lawful money, and the
only lawful money is gold under the United States Constitution
31 U.S.C. §3124: Exemption from taxation-Federal Reserve
Notes (FRNs) are exempt from federal State taxation
Legal Tender Cases: Julliard v. Greenman, 110 U.S. 421
- Edwin Vieira Speech
entitled "Return to Constitutional Money"-Over Labor Day
weekend, 1991, the NCBA had a convention in Denver. Franklin
Sanders and I spoke there as did Edwin, who, as always, gave
a great speech which you are invited to read.
- Money Brief:
Under Art. 1, § 8, cl. 5 of the U.S. Constitution, Congress
is granted the power to coin money, and via Art. 1, § 10, cl.
1, the states are disabled from making anything but gold and
silver coin a tender in payment of debt. This brief, about 18
years old now and in need of serious redrafting, covers a wide
variety of state and federal cases addressing the monetary powers
and disabilities contained in the U.S. Constitution. Perhaps
this brief constitutes a decent introduction to this most important
The Forgotten Role of
the Constitution in Monetary Law-Edwin Viera.
New Monetary Paradigm-Peter Gibbons, Attorney
Banking, Currency, and the Money Trust-Charles Lindberg
Patman Primer on
Money-U.S. Government Printing Office, 1964, 141 pages
Questions and Answers on Money-U.S. Government Printing
- The Great Cookie Jar-book
by Dr. Edward Popp
- Money, Bona Fide or Non-Bona
Fide-book by Dr. Edward Popp
Reserve Notes Are Not Legal Tender
What is a Dollar?
Reserve Bank of Chicago
The Law, Money,
and Your Choice-(179 Kbytes) by Lee Brobst. Fascinating
The Theory of Money and Credit-eBook by Ludwig Von Mises
The Money Matrix of the New World Order-book by Phillip
Tilley, ISBN-13: 9781425978808, 312 pages.
Purchasing Power (OFFSITE LINK)-Wikipedia
Jones on Money, Gold and Silver-good video
of Debt-expose on the shocking truth about the American
Is This what makes you subject to the Income Tax?-interesting
article about how use of FRNs is a privileged activity
- Money v. Wealth-David
America Babylon? The Masonic origins of United
is fascinating reading.
- Money v. Mammon-His
Holy Church Study into the character of money
Zone-Ed Griffin, author of The Creature from Jekyll Island
Crashmaker-book by Victor Sperandeo
Interview with Ed Griffin-author of Creature from Jekyll
- The History of Banking - an Asian Perspective.
Privacy Agreement, Form #06.014 (OFFSITE LINK)-Attach this form
to all financial, account, government, and medical forms to ensure
your privacy is protected and that you do not become the unlawful
subject of any financial transaction report.
The Legalized Crime of Banking (OFFSITE LINK)
Billions for the Bankers-Pastor
Memorandum of Law on
Bank Fraud-legal explanation of how banks commit
institutionalized and de facto legalized FRAUD
Family Guardian Forums, Forum 3.6.6: Government and legal
profession commercial scams, Federal Reserve/Fiat Currency Scam
Federal Reserve Statistical Releases (OFFSITE LINK)-complete
statistics on the Federal Reserve
Federal Reserve System: Oportunities Exist to Strengthen Policies and Processes for Managing Emergency Assistance, GAO Report GAO-11-696, July 2011-first ever audit of the Federal Reserve
Gold Reserves: A Historical Perspective Since 1845-published
by the World Gold
Council, Timothy Green.
The Moral Hazard of Central Banking-Gary North
- Congress Sold
Out the Country!-excellent freedom song. Mentions the
federal reserve FRAUD
To You, Andrew Jackson: The Federal Reserve is a Monster-Joe
Greater Fools and FRN's-Antishyster Magazine, Vol. 8, No. 2
- Stealing Potato
Chips-Sherry Jackson, former IRS Examiner
Federal Reserve Act Remedy
- Emergency Banking Relief/Banking
Relief/Bank Conservation Act and Amendment-passed March
The Federal Reserve Act-(2.38 Mbytes) complete text.
40 Stat. 251-275, 690-691. Extracted from the Statutes
12 CFR: Banks and Banking (OFFSITE LINK)
1923-history of affect of Federal Reserve in 1913 upon the
American Economy before, during, and after WWI
- Federal Reserve
Bank Notes Declared Unconstitutional-Justice of the Peace,
Martin V. Mahoney, on an "Order to Show Cause,"
declares the "Notes" of the Federal Reserve Bank to be
Un-Constitutional. Justice Mahoney shows us that
the "Notes" of the Federal Reserve Bank don't meet the
international standards of a "Bank Note" nor do the
"Notes" of the Federal Reserve Bank meet the Common Law
standards of a "Note."
Conquering the Spirit of Debt (OFFSITE LINK) - video sermon.
- Interest Payments and the
American Muslim-Sherry Peel Jackson, Ex-IRS agent
- Show Me The Loan
(OFFSITE LINK) -how to prove fraudulent loans
- Notary Complaint
(OFFSITE LINK)- Show misconduct by the notary used in the
mortgage paperwork, get the commission pulled, everything
notarized by them comes tumbling down.
Is Subject to the FDCPA: IRS RRA98, Section 3466, 112
Federal Tax Lien Act, P.L. 89-719
Uniform Federal Lien Registration Act
Senate Report 89-1708: Federal Tax Lien Act
FTC Fair Debt Collection Practices Page
U.S. Code, Title 15, Chapter 41, Subchapter V: Debt Collection
26 U.S.C. §6304: Fair Tax Collection Practices
Relation-Back Doctrine Condemns Administrative Tax Liens and
on "liens"-Sovereignty Forms and Instructions, Cites by
on "assessment"-Sovereignty Forms and Instructions, Cites
by Topic. U.S. Supreme Court says taxes are not "debts".
See Lane County v. Oregon, 74 U.S. 71 (1868).
31 U.S.C. Subtitle III, Chapter 37, Subchapter II: Claims
of the United States Government
31 CFR Part 5: Treasury Debt Collection
Bankruptcy Library-Most comprehensive library of U.S. consumer
bankruptcy law and information on the Internet
Bankruptcy-Legal Information Institute, Cornell
Attorneys Bulletin, Volume 47, No. 4, August 1999
Reform Act I-U.S. Attorneys Bulletin, Volume 54, No. 4,
Reform Act II-U.S. Attorneys Bulletin, Volume 54, No. 5,
Collier Bankruptcy Library-Lexis Nexis
Bankruptcy Library-West Publishing
Family Guardian Forums, Forum 3.6.4: Government and legal
profession commercial scams, Debt and Overspending
- The Disease of Debt - Judge Napolitano
Money That is Sold Abroad is YOU-fascinating video
Government Debt-why you should care about the debt
- U.S. Debt Clock (OFFSITE
Debt Virus-book by Jacques Jaikaran
of Debt-expose on the shocking truth about the American
Bureau of Public Debt-U.S. Dept of Treasury
Fiscal Rules for Sustainable Public Debt-International Monetary Fund (IMF)
The National Debt: Who Bears
Its Burden?, CRS Report #RL30520-Congressional Research
Service, Feb. 28, 2008
The Federal Government Debt:
Its Size and Economic Significance, CRS Report #RL31590-Congressional
Research Service, Jan. 29, 2008
Foreign Holdings of Federal
Debt, CRS Report #RS22331-Congressional Research Service,
March 12, 2008
U.S. External Debt:
How Has the United States Borrowed Without Cost?, CRS Report
#RL33570-Congressional Research Service, Jan. 19, 2007
Growth in Federal Holdings
of Federal Debt, CRS Report #RL33723-Congressional Research
Service, Nov. 13, 2006
Paying Down the Federal Debt:
A Discussion of Methods, CRS Report #RS20302-Congressional
Research Service, Feb. 1, 2002
Ebbs and Flows of Federal
Debt, CRS Report #RL34712-Congressional Research Service,
Oct. 20, 2008
The Debt Limit: History
and Recent Increases, CRS Report #RL31967-Congressional
Research Service, Oct. 6, 2008
Federal Debt Management Concepts,
Options, and Policies, CRS Report #RL34682-Congressional
Research Service, Sept. 26, 2008
The United States as a Net
Debtor Nation: Overview of the International Investment Position,
CRS Report #RL32964-Congressional Research Service, July
Interest Payments on the
Federal Debt, CRS Report #RS22354-Congressional Research
Service, Jan. 8, 2009
Free Legal Treatises on Commerce (OFFSITE LINKS)-SEDM
Demand for Verified Evidence of "Trade or Business" Activity-Currency
Transaction Report (CTR)-form to give financial institutions
that are illegally preparing Currency Transaction Reports (CTRs)
for cash withdrawals of $10,000 or more. Proves that reporting
is not lawfully required.
- Financial Crimes
Enforcement Network (FINCEN)-Big brother's/IRS watchdog
OCC Quarterly Report
on Bank Derivatives-THIS is the fraud that eventually is going
to take down the entire WORLD economy
- Treatise on Fraudulent Conveyances and Creditor's Remedies-book
by Dewitt C. Moore, 1908. Google books
- Commercial Speech,
Form #05.015 (OFFSITE LINK) - Excellent treatise on the nature
of "commercial speech" and the modes in which it can lawfully be
Laundering-U.S. Attorneys Bulletin, Vol. 47, No. 3, June
Laundering-U.S. Attorneys Bulletin, Vol. 55, No. 5, Sept
of the Federal Securities Law-U.S. Attorneys Bulletin, Vol.50,
No. 3, May 2003
the Books: Tricks of the Trade in Financial Fraud-U.S. Attorneys
Bulletin, Vol.50, No. 3, May 2003
GAO Report GAO-02-670: Money Laundering. Extent of Money
Laundering through Credit Cards is Unknown
Act Requirements: A Quick Reference Guide for Money Service
Suspicious Activity: A Quick Reference Guide for Money Service
Laundering Prevention: A Money Services Business Guide
Forfeiture Forms-U.S. Dept. of Justice
Laundering Statutes and Related Material (May 2006)-U.S.
Dept. of Justice
Forfeiture Policy Manual (Jan 2006)-U.S. Dept. of Justice
Federal Asset Forfeiture Statutes (May 2006)-U.S. Dept.
and Money Laundering Resource Directory-U.S. Dept. of Justice
Civil Asset Forfeiture Reform
Act of 2000-U.S. Dept. of Justice
U.S. Atty Manual, 9-105.000: Money Laundering
U.S. Attorney Manual, Title 4, Civil Resource Manual, Section
4-4.000: Commercial Litigation
Money Laundering in Digital
Currencies- U.S. Dept of Justice
Metal Price Histories (OFFSITE LINK)
Precious Metal Transaction Reporting, Form #04.106 (OFFSITE
LINK)-legal requirements for the reporting of precious metal
- Depository Trust
Corporation (DTC) -clearing house for securities trading
Money and Inflation-Pastor John Weaver.
- Biblical Wealth-Pastor John Weaver.
1. (7.28 Mbytes). Deut. 8:1-20.
2 (7.92 Mbytes). Deut. 8.
3 (7.85 Mbytes). Deut. 8:11.
4 (6.29 Mbytes). Mal. 3:7.
5 (7.25 Mbytes). Mal. 3:7.
6 (6.46 Mbytes). Mal. 3:7.
7 (7.46 Mbytes). Lev. 19, 23; Deut. 24.
8. (6.80 Mbytes). Deut. 26.
- "It is a cruel thought, that, when we feel ourselves standing
on the firmest ground in every respect, the cursed arts of our secret
enemies, combining with other causes, should effect, by depreciating
our money, what the open arms of a powerful enemy could not." --Thomas
Jefferson to Richard Henry Lee, 1779. ME 4:298, Papers 2:298 8
- "Historically, the United States has been a hard money country.
Only [since 1913] has the United States operated on a fiat money
system. During this period, paper money has depreciated over 87%.
During the preceding 140 year period, the hard currency of the United
States had actually maintained its value. Wholesale prices in 1913
... were the same as in 1787." -- Kenneth Gerbino, former chairman
of the American Economic Council
- "We make money the old fashioned way. We print it." -- Art Rolnick,
former Chief Economist, Minneapolis Federal Reserve Bank
- "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." -- George Washington, in
a letter to J. Bowen, Rhode Island, Jan. 9, 1787
- "Of all contrivances for cheating the laboring classes of mankind,
none has been more effective than that which deludes them with paper
money." -- Daniel Webster"
- "I see in the near future a crisis approaching. It unnerves
me and causes me to tremble for the safety of my country ... the
Money Power of the country will endeavor to prolong its reign by
working upon the prejudices of the people, until the wealth is aggregated
in a few hands and the Republic is destroyed." -- Abraham Lincoln,
just after the passage of the National Banking Act of 1863
- "All the perplexities, confusion and distress in America rise,
not from defects in their Constitution or Confederation, not from
want of honor or virtue, so much as from downright ignorance of
the nature of coin, credit and circulation." -- John Adams, in a
letter to Thomas Jefferson in 1787
- "Paper money eventually returns to its intrinsic value - zero."
-- Voltaire (1694-1778)
- "If the American people ever allow private banks to control
the issue of their currency, first by inflation and then by deflation,
the banks and corporations that will grow up around them will deprive
the people of all property until their children will wake up homeless
on the continent their fathers conquered." -- Thomas Jefferson in
1802 in a letter to then Secretary of the Treasury, Albert Gallatin
- The value of paper money is precisely the value of a politician's
promise, as high or low as you put that; the value of gold is protected
by the inability of politicians to manufacture it. -- Sir William
- The monetary managers are fond of telling us that they have
substituted 'responsible money management' for the gold standard.
But there is no historic record of responsible paper money management
... The record taken as a whole is one of hyperinflation, devaluation
and monetary chaos. -- Henry Hazlitt
- "The creation of money exclusively as debt is the critical,
destabilizing flaw in the American Economy". -- author Theodore
R. Thoren explains The Truth In Money Book.
- "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 in "Review", Nov. 1975
- "You have to choose [as a voter] between trusting to the natural
stability of gold and the natural stability of the honesty and intelligence
of the members of the Government. And, with due respect for these
gentlemen, I advise you, as long as the Capitalist system lasts,
to vote for gold." -- George Bernard Shaw
- "Without the confidence factor, many believe a paper money system
is liable to collapse eventually." -- Federal Reserve Bank of Philadelphia
- "Whoever controls the volume of money in any country is absolute
master of all industry and commerce." -- President James A. Garfield
- "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." -- Rt. Hon. Reginald McKenna, former Chancellor
of Exchequer, England
- "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." -- Andrew Jackson
- "The budget should be balanced, the treasury should be refilled
and the pubic debt should be reduced. The arrogance of public officialdom
should be tempered and controlled. And the assistance to foreign
lands should be curtailed, lest we become bankrupt." -- Cicero,
- "Inflation has now been institutionalized at a fairly constant
5% per year. This has been scientifically determined to be the optimum
level for generating the most revenue without causing public alarm.
A 5% devaluation applies, not only to the money earned this year,
but to all that is left over from previous years. At the end of
the first year, a dollar is worth 95 cents. At the end of the second
year, the 95 cents is reduced again by 5%, leaving its worth at
90 cents, and so on. By the time a person has worked 20 years, the
government will have confiscated 64% of every dollar he saved over
those years. By the time he has worked 45 years, the hidden tax
will be 90%. The government will take virtually everything a person
saves over a lifetime." -- G. Edward Griffin, historian and author
of "The Creature From Jekyll Island"
- "By a continuing process of inflation, governments can confiscate,
secretly and unobserved, an important part of the wealth of their
citizens. 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 is able to
diagnose ... If, however, a government refrains from regulations
and allows matters to take their course, essential commodities soon
attain a level of price out of the reach of all but the rich, the
worthlessness of the money becomes apparent, and the fraud upon
the public can be concealed no longer." -- John Maynard Keynes,
economist and author of "The Economic Consequences Of The Peace"
- "About all a Federal Reserve note can legally do is wipe out
one debt and replace it with itself, another debt, a note that promises
nothing. If anything's been paid, the payment occurs only in the
minds of the parties ...." -- Tupper Saucy, author of "The Miracle
On Main Street"
- "... the gold standard is incompatible with chronic deficit
spending (the hallmark of the welfare state)." -- Greenspan, Alan;
"Gold and Economic Freedom", Rand, Ayn; Capitalism: the Unknown
Ideal; Signet Books, 1967; pp96-101. See full text in FAME's FedWatch
- "I sincerely believe ... that banking establishments are more
dangerous than standing armies, and that the principle of spending
money to be paid by posterity under the name of funding is but swindling
futurity on a large scale." -- Thomas Jefferson to John Taylor,
- "Banks lend by creating credit. They create the means of payment
out of nothing." -- Ralph M. Hawtrey, former Secretary of Treasury,
- "Money is the most important subject intellectual persons can
investigate and reflect upon. It is so important that our present
civilization may collapse unless it is widely understood and its
defects remedied very soon." -- Robert H. Hemphill, former credit
manager, Federal Reserve Bank of Atlanta
- "Bankers own the earth. Take it away from them, but leave them
the power to create money and control credit, and with a flick of
a pen they will create enough to buy it back." -- Sir Josiah Stamp,
former President, Bank of England
- "The Founding Fathers of this great land had no difficulty whatsoever
understanding the agenda of bankers, and they frequently referred
to them and their kind as, quote, "friends of paper money. They
hated the Bank of England, in particular, and felt that even were
we successful in winning our independence from England and King
George, we could never truly be a nation of freemen, unless we had
an honest money system. Through ignorance, but moreover, because
of apathy, a small, but wealthy, clique of power brokers have robbed
us of our Rights and Liberties, and we are being raped of our wealth.
We are paying the price for the near-comatose levels of complacency
by our parents, and only God knows what might become of our children,
should we not work diligently to shake this country from its slumber!
Many a nation has lost its freedom at the end of a gun barrel, but
here in America, we just decided to hand it over voluntarily. Worse
yet, we paid for the tyranny and usurpation out of our own pockets
with "voluntary" tax contributions and the use of a debt-laden fiat
currency!." -- Peter Kershaw, author of the 1994 booklet "Economic
- "The real truth of the matter is, and you and I know, that a
financial element in the large centers has owned the government
of the U.S. since the days of Andrew Jackson. History depicts Andrew
Jackson as the last truly honorable and incorruptible American president."
-- President Franklin Delano Roosevelt, November 23, 1933 in a letter
to Colonel Edward Mandell House
- "The truly unique power of a central bank, after all, is the
power to create money, and ultimately the power to create is the
power to destroy." -- Pringle, Robert; and Deane, Marjorie: The
Central Banks; Viking, 1994, page viii.
- "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." -- Boston Federal Reserve
Bank in a publication titled "Putting It Simply"
- "Some people think the Federal Reserve Banks are U.S. government
institutions. They are not ... they are private credit monopolies
which prey upon the people of the U.S. for the benefit of themselves
and their foreign and domestic swindlers, and rich and predatory
money lenders. The sack of the United States by the Fed is the greatest
crime in history. Every effort has been made by the Fed to conceal
its powers, but the truth is the Fed has usurped the government.
It controls everything here and it controls all our foreign relations.
It makes and breaks governments at will." -- Congressman Charles
McFadden, Chairman, House Banking and Currency Committee, June 10,
- ".. we conclude that the [Federal] Reserve Banks are not federal
... but are independent, privately owned and locally controlled
corporations ... without day to day direction from the federal government.."
-- 9th Circuit Court in Lewis vs. United States, June 24, 1982
- "... You are a den of vipers and thieves. I intend to rout you
out, and by the grace of the Eternal God, I will rout you out."
-- President Andrew Jackson, upon evicting a delegation of international
bankers from the Oval Office
- "Give me control over a nation's currency and I care not who
makes its laws." -- Baron M.A. Rothschild (1744 - 1812)