The truth is the Fed (Federal Reserve Bank) has usurped the government. It controls everything here and it controls all of our foreign relations. It makes and breaks governments at will.
This Act establishes the most gigantic trust on earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized. The people may not know it immediately, but the day of reckoning is only a few years removed. The trusts will soon realize that they have gone too far even for their own good. The people must make a declaration of independence to relieve themselves from the Monetary Power. This they will be able to do by taking control of Congress. Wall Streeters could not cheat us if you Senators and Representatives did not make a humbug of Congress … The greatest crime of Congress is its currency system. The worst legislative crime of the ages is perpetrated by this banking bill. The caucus and the party bosses have again operated and prevented the people from getting the benefit of their own government.
Government does not create resources when it taxes people and prints money; it merely redistributes the wealth.
It is no coincidence that the century of total war coincided with the century of central banking.
If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash.
Gold, unlike all other commodities, is a currency … and the major thrust in the demand for gold is not for jewelry. It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
When paper money systems begin to crack at the seams, the run to gold could be explosive.
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.
That paper money has some advantages is admitted. But that its abuses also are inevitable and, by breaking up the measure of value, makes a lottery of all private property, cannot be denied.
The history of paper money is an account of abuse, mismanagement, and financial disaster.