Published on November 5th, 2008 by: admin in: Finances, Humanity
“I sincerely believe that banking institutions are more dangerous than standing armies.”
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
Tags: banking, federal reserve, Finances, fraud, money
Published on November 4th, 2008 by: admin in: Finances, Humanity
conomists use the term “create” when speaking of the process by which money comes into existence. Now, creation means making something that did not exist before. Lumbermen make boards from trees, workers build houses from lumber, and factories manufacture automobiles from metal, glass and other materials. But in all these they did not “create,” they only changed existing materials into a more usable and, therefore, more valuable form. This is not so with money. Here, and here alone, man actually “creates” something out of nothing.
Tags: Business, credit crunch, federal reserve, Finances, financial crisis
Published on November 4th, 2008 by: admin in: Finances, Humanity
“I sincerely believe that banking institutions are more dangerous than standing armies.”
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
Tags: Business, credit crunch, federal reserve, Finances, financial crisis
