March 04, 2008
A MUST reading that I will just copy everything in my own blog...
I'm sharing this Lesson on MONEY... Reflect on the quotations...
From a site www.seek2know ???
"If a nation expects to be ignorant and free, it expects what never was and never will be." -- Thomas Jefferson
The word money came from the Latin word "moneta" which originally meant, "warning."
See word origin for other words like capital, mortgage, bank etc.
See article on Transforming Money
To help just Print, Read and Share the Vision of sustainable Peace & Trust Money. Hold the Vision with Love. Then bless it and let it fly free.
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Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal
-- that there is no human relation between master and slave." - Leo Tolstoy
"All of the perplexities, confusion, and distress in America arises,
not from the defects of the 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, Founding Father
"History records that the money changers have used every form of abuse, intrigue, deceit,
and violent means possible to maintain their control over governments by controlling money and its issuance."
- President James Madison
"You are a den of vipers and thieves and I intend to rout you out, and by the eternal God, I will rout you out.
If Congress has the right to issue paper money, it was given them to be used by themselves,
and not to be delegated to individuals or corporations.." -- Andrew Jackson's address to Congress 1829
"I believe that banking institutions are more dangerous to our liberties than standing armies." - Thomas Jefferson.
"I have two great enemies, the southern army in front of me and the financial institutions, in the rear.
Of the two, the one in the rear is the greatest enemy.....
I see in the future a crisis approaching that unnerves me and causes me to tremble for the safety of my country.
As a result of the war, corporations have been enthroned and an era of corruption in high places will follow,
and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until wealth is aggregated in a few hands and the Republic is destroyed.
I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of the war."
- Abraham Lincoln
"I wish it were possible to obtain a single amendment to our constitution - taking from the federal government their power of borrowing." Thomas Jefferson, 1798
"If the American people ever allow private banks to control the issue of their currency,
first by inflation then by deflation, the banks and the corporations will grow up around them,
will deprive the people of all property until their children wake up homeless on the continent
their fathers conquered. The issuing power should be taken from the banks and restored to the people,
to whom it properly belongs." -Thomas Jefferson, The Debate Over The Recharter Of The Bank Bill, (1809).
This prophesy has come true.
"In the Colonies, we issue our own paper money. It is called 'Colonial Scrip.'
We issue it in proper proportion to make the goods and pass easily from the producers to the consumers.
In this manner, creating ourselves our own paper money, we control its purchasing power and we have no interest to pay to no one. In this manner, by creating ourselves our own paper money, we control its purchasing power, and we have no interest to pay, to anyone.
You see, a legitimate government can both spend and lend money into circulation,
while banks can only lend significant amounts of their promissory bank notes,
for they can neither give away nor spend but a tiny fraction of the money the people need.
Thus, when your bankers here in England place money in circulation,
there is always a debt principal to be returned and usury to be paid.
The result is that you have always too little credit in circulation to give the workers full employment.
You do not have too many workers, you have too little money in circulation, and that which circulates,
all bears the endless burden of unpayable debt and usury." - Benjamin Franklin Autobiography
"If this mischievous financial policy, which has its origin in North America,
shall become endurated down to a fixture, then that Government will furnish its own money without cost.
It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce.
It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries
will go to North America. That country must be destroyed or it will destroy every monarchy on the globe."
- Hazard Circular - London Times 1865
"The government should create, issue and circulate all the currency and credit needed to satisfy
the spending power of the government and the buying power of consumers.....
The privilege of creating and issuing money is not only the supreme prerogative of Government,
but it is the Government's greatest creative opportunity. By the adoption of these principles,
the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration.
The people can and will be furnished with a currency as safe as their own government.
Money will cease to be the master and become the servant of humanity.
Democracy will rise superior to the money power."
-Lincoln Abraham Senate document 23, Page 91. 1865
"The division of the United States into federations of equal force was decided long before the Civil War
by the high financial powers of Europe. These bankers were afraid that the US, if they remained as one block, and as one nation, would attain economic and financial independence, which would upset their financial domination over the world." - Otto von Bismark, Chancellor of Germany 1876
"Whoever controls the volume of money in any country is absolute master of all industry and commerce."
- President James A. Garfield (1831-1881)
"The earth, in its natural, uncultivated state was, and ever would have continued to be, the common property of the human race."
As the land gets cultivated, "it is the value of the improvement, only, and not the earth itself,
that is in individual property. Every proprietor, therefore, of cultivated lands, owes to the community a ground-rent.. to every person, rich or poor...because it is in lieu of the natural inheritance, which, as a right, belongs to every man, over and above the property he may have created, or inherited from those who did"
- Thomas Paine 1796, p. 611; 612-613
"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."
-- Napoleon Bonaparte, 1815
"If our 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 the bond lets money brokers
collect twice the amount of the bond and an additional 20%, whereas the currency pays nobody but those
who contribute directly in some useful way. It is absurd to say that our country can issue $30 million in bonds
and not $30 million in currency. Both are promises to pay, but one promise fattens the usurers and the other helps
the people. " - Thomas Edison, The New York Times, December 6, 1921
"The Central Banks (which charge interest to governments for the money they produce from out of nothing,
with no labour or wealth involved) have secured these loans against your future taxes. Without even asking you, a substantial part of your future worth has been put up as collateral.
What Central Banks do in a big way with countries, your local bank will replicate on organisations and individuals, using the same slight of hand to produce the funds they lend out of thin air."
- Alternative Trading Network article
"Whosoever controls the volume of money in any country is absolute master of all industry and commerce...
And when you realise that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate."
- James Garfield (assassinated within weeks of release of this statement during first year of his Presidency in 1881)
"Money plays the largest part in determining the course of history" - Karl Marx (Communist Manifesto)
"Let me issue and control a nation's money and I care not who writes the laws." - Mayer Amschel Rothschild, 1790
"Those few who can understand the system (check book money and credit) will either be so interested in its profits, or so dependent on it favors, that there will be little opposition from that class, while on the other hand, the great body of people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear it burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests."
- The Rothschild Brothers of London
"Every gun that is made, every warship launched, every rocket fired signifies in the final sense a theft
from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone.
It is spending the sweat of it laborers, the genius of its scientists and the hopes of its children"
— President Dwight D. Eisenhower
"Since 1940, Washington has spent the unimaginable sum of $20 trillion ($20,000,000,000,000!) on the military
--enough money to have provided for adequate nutrition, clean water, electrification, housing, literacy,
and basic health care for the world's entire population.
In the next four years alone an additional $1.2 trillion will go down the military rathole.
Today the U.S. military budget is bigger than that of the rest of the United Nations Security Council members combined.
This bloated military establishment exists to protect and serve U.S. capital--not only to extend and maintain
its domination in what used to be called the Third World, the oppressed countries, but also vis-a-vis its imperialist allies and rivals."
- Richard Becker
"The death of Lincoln was a disaster for Christendom.
There was no man in the United States great enough to wear his boots and the bankers went anew to grab the riches. I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America and use it to systematically corrupt modern civilization."
- Otto von Bismarck, German Chancellor (1815-1898), after Lincoln assassination.
"Banking was conceived in iniquity and was born in sin.
The Bankers own the Earth. Take it away from them, but leave them the power to create deposits,
and with the flick of the pen they will create enough deposits to buy it back again.
However, take it away from them, and all the great fortunes like mine will disappear,
and they ought to disappear, for this would be a happier and better world to live in.
But if you wish to remain the slaves of Bankers and pay the cost of your own slavery,
let them continue to create deposits."
- Sir Josiah Stamp, President of the Bank of England in the 1920's, the second richest man in Britain
"Because of 'fractional' reserve system, banks, as a whole, can expand our money supply several times,
by making loans and investments." "Commercial banks create checkbook money whenever they grant a loan, simply by adding new deposit dollars in accounts on their books in exchange for a borrower's IOU."
- Federal Reserve Bank, New York
"The actual process of money creation takes place in commercial banks.
As noted earlier, demand liabilities of commercial banks are money..
"Confidence in these forms of money also seems to be tied in some way
to the fact that assets exist on the books of the government and the banks
equal to the amount of money outstanding, even though most of the assets themselves
are no more than pieces of paper--.",
P.3.
"Commercial banks create checkbook money whenever they grant a loan,
simply by adding new deposit dollars in accounts on their books in exchange for a borrower's IOU.",
p. 19.
"The 12 regional reserve banks aren't government institutions,
but corporations nominally 'owned' by member commercial banks.",
p. 27.- Federal Reserve Bank of Chicago
"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 (p15).
The process by which banks create money is so simple that the mind is repelled."
- John Kenneth Galbraith, Money: Whence it came, where it went - 1975, p29.
"The bank hath benefit of interest on all moneys which it creates out of nothing."
- William Paterson (founder of Bank of England 1694)
"The modern banking system manufactures money out of nothing.
The process is, perhaps, the most, astounding piece of sleight of hand that was ever invented.
Banks can in fact inflate, mint, and un-mint the modern ledger-entry currency".
Major L. L. B. Angus
"Banks lend by creating credit. They create the means of payment, out of nothing."
- Ralph M. Hawtery (Former Secretary of the British Treasury)
"Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal
-- that there is no human relation between master and slave."
- Leo Tolstoy
"There does exist and has existed for a generation, an international Anglophile network which operates,
to some extent, in the way the radical Right believes the Communists act.
In fact, this network, which we may identify as the Round Table groups, has no aversion to cooperating with the Communists, or any other groups, and frequently does so.
I know of the operations of this network because I have studied it for 20 years and was permitted for two years, in the early 1960s, to examine its papers and secret record."
- Carroll Quigley, Georgetown University professor (deceased),
in Tragedy and Hope: A History of the World in Our Time, 1966, p.950
"The greatest enemy of mankind is his ignorance of the inherent money power in all of us.
When the realization of this comes to man, he will like Samson, push down the walls of his prison."
- E.C. Riegel
"In numerous years following the war, the Federal Government ran a heavy surplus.
It could not (however) pay off its debt, retire its securities, because to do so
meant there would be no bonds to back the national bank notes.
To pay off the debt was to destroy the money supply."
- John Kenneth Galbrath
"Right after the Civil War there was considerable talk about reviving Lincoln's brief experiment with
the Constitutional monetary system. Had not the European money-trust intervened, it would have no doubt
become an established institution."
- W.Cleon Skousen.
"While economic textbooks claim that people and corporations are competing for markets and resources,
I claim that in reality they are competing for money - using markets and resources to do so.
Greed and fear of scarcity are being continuously created and amplified as a direct result of the kind of
money we are using. For example, we can produce more than enough food to feed everybody, and there is definitely not enough work for everybody in the world, but there is clearly not enough money to pay for it all.
In fact, the job of central banks is to create and maintain that currency scarcity.
Money is created when banks lend it into existence When a bank provides you with a $100,000 mortgage,
it creates only the principal, which you spend and which then circulates in the economy.
The bank expects you to pay back $200,000 over the next 20 years, but it doesn't create the second $100,000 - the interest. Instead, the bank sends you out into the tough world to battle against everybody else
to bring back the second $100,000."
- Bernard Lietaer, Former Central Banker
"In addition to almost unlimited usury, the bankers have another method of drawing vast amounts of wealth.
The banks are able to approve or disapprove large loans to large and successful corporations to the extent
that refusal of a loan will bring about a reduction in the selling price of the corporation's stock.
After depressing the price, the bankers' agents buy large blocks of the company's stock.
Then, if the bank suddenly approves a multi-million dollar loan to the company, the stock rises and is then sold for a profit.
In this manner, billions of dollars are made with which to buy more stock. This practice is so refined today
that the Federal Reserve Board need only announce to the newspapers an increase or decrease in their "discount rate"
to send stocks soaring or crashing at their whim. Banks collect billions in interest by loaning to Government
and the Corporations!"
- Pastor Sheldon Emry
Instances of shrinking money supply with adoption of gold and rejection of silver standard:
"I went to America in the winter of 1872-73, authorised to secure, if I could, the passage of a bill demonetising silver. It was in the interest of those I represented - the governors of the Bank of England - to have it done. By 1873, gold coins were the only form of coin money." -
Ernest Seyd, agent of Bank of England.
"The disaster of the Dark Ages was caused by decreasing money and falling prices...
Without money, civilisation could not have had a beginning,
and with a diminishing supply, it must languish and unless relieved, finally perish.
At the Christian era the metallic money of the Roman Empire amounted to $1,800 million.
By the end of the fifteenth century it had shrunk to less than $200,million.
History records no other such disastrous transition as that from the Roman Empire to the Dark Ages..."
- United States Silver Commission
"I have never seen more senators express discontent with their jobs. ...
I think the major cause is that, deep down in our hearts, we have been accomplices to doing something terrible and unforgivable to this wonderful country. Deep down in our hearts, we know that we have bankrupted America and that we have given our children a legacy of bankruptcy. .. We have defrauded our country to get ourselves elected."
-John Danforth, Republican senator from Missouri, reported in the Arizona Republic of April 21, 1992
"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 (R-AZ)
"Your money's value is determined by a global casino of unprecedented proportions: $2 trillion are traded per day in foreign exchange markets, 100 times more than the trading volume of all the stockmarkets of the world combined. Only 2% of these foreign exchange transactions relate to the "real" economy reflecting movements of real goods and services in the world, and 98% are purely speculative. This global casino is triggering the foreign exchange crises which shook Mexico in 1994-5, Asia in 1997 and Russia in 1998. These emergencies are the dislocation symptoms of the old Industrial Age money system."
- Future of Money by Bernard Lietaer
"US foreign policy during the Cold War was not primarily about keeping the USSR out of Western Europe,
but rather about promoting the global capitalist system on a worldwide stage.
American foreign policy since 1945 has primarily been driven by the goal of
being hegemon of the world capitalist economic system.
As protector of global capitalism, the United States has replaced the United Kingdom
which played this role for more than a century before World War II.
Although the 1947-91 Cold War presented an easy-to-understand threat to this objective,
US diplomacy in these years was not primarily about keeping the USSR out of Western Europe
(the usual explanation for containment), but rather about projecting its own power, globally.
It was not about making the world safe for democracy, but about being the leader of the capitalist world,
upholder of the international economic system."
- Michael Sullivan
"Federal Reserve is not Federal and it has doubtful reserves.
The name is an open deception designed to give this private bank the appearance that it is operating
in the public's interest, when in fact it is run solely to gain private profit for its select stock holders.
It came into being as the result of one of the slickest moves in financial history.
On 23rd December 1913 the house of representatives had past the Federal Reserve Act,
but it was still having difficulty getting it out of the senate.
Most members of congress had gone home for the holidays,
but unfortunately the senate had not adjourned sene die (without day) so they were technically still in session.
There were only three members still present.
On a unanimous consent voice vote the 1913 Federal Reserve Act was passed.
No objection was made, possibly because there was no one there to object."
from Who owns the FED
"All the ingredients for ending poverty of a person always comes neatly packaged with the person himself.
A human being is born in this world fully equipped not only to take care of himself
(which all other life-forms can do too), but also to contribute in enlarging the well-being of the world as a whole.
Poverty is not created by the poor people. So we shouldn't give them an accusing look. They are the victims.
Poverty has been created by the economic and social system that we have designed for the world.
It is the institutions that we have built, and feel so proud of, which created poverty.
It is the concepts we developed to understand the reality around us, made us see things wrongly!
It is the failure at the top - rather than lack of capability at the bottom - which is the root cause of poverty.
Concepts, institutions, and analytical frame conditions which created poverty, cannot end poverty.
If we can intelligently re-work the frame conditions, poverty will be gone, never to come back again....
Try to imagine how the economists would have built their theory if they had started out with an axiom
that all men and women are created equal, that each of them is endowed with unlimited creativity,
and each of them is a potential entrepreneur. In some important ways our designing of the theoretical framework of
economics or the misrepresentation of it is responsible for perpetuating poverty."
- Commonwealth Lecture 2003 by Professor M.Yunus, Creator of Grameen Bank, Nobel Peace Prize winner 2006
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Transforming Money by Susmita Barua
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IMPORTANT LESSON: "MONEY" MEANS WARNING!!!
TMNP
