“The issuing power [of money] should be taken from the banks and restored to the people, to whom it properly belongs.” PeopleShouldGovernmentI BelieveTakenFinancialI Believe InTyrannyFraudReservesFoundersFederal GovernmentBankingInflationBankersPrivate PropertyProperty RightsDemocracies HaveFederal ReserveForefathersCentral BanksPublic InterestEconomic FreedomEconomic PowerMoney And PowerMonetary SystemMoney PowerBankers And BanksCentral BankingTyranny Founding FathersEconomic OrderBanks And MoneyRothschild Author:Thomas Jefferson
“In the United States we have, in effect, two governments ... We have the duly constituted Government ... Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution.” TwoStatesGovernmentUnitedLibertyUnited StatesEffectsConstitutionIndependentCongressLibertarianLibertarianismReservesReservedFederal ReserveLimiting GovernmentMoney Power Author:Wright Patman
“The dollar represents a one dollar debt to the Federal Reserve System. The Federal Reserve Banks create money out of thin air to buy Government Bonds from the U.S. Treasury...and has created out of nothing a ... debt which the American people are obliged to pay with interest.” PeopleGovernmentInterestPayAirDollarsHistoricalDebtReservesObligedTreasuryFederal ReserveThin Air Author:Wright Patman
“The whole financial structure of Wall Street seems to rise or fall on the mere fact that the Federal Reserve Bank raises or lowers the amount of interest. Any business that can't survive a one percent change must be skating on thin ice. Why even the poor farmer took a raise of another ten percent just to get a loan from the bank, and nobody from the government paid any attention. But you let Wall Street have a nightmare and the whole country has to help to get them back into bed again.” CountryWholeFactsHelpingSeemsGovernmentFallInterestPoorAttentionStreetsWallAmountBedTenPercentEconomicsPaidRaisesStructureMereFinancialIceNightmareFarmersReservesLoanSkatingFederal ReserveSkating On Thin Ice Author:Will Rogers
“The tenth amendment said the federal government is supposed to only have powers that were explicitly given in the Constitution. I think the federal government's gone way beyond that. The Constitution never said that you could have a Federal Reserve that would have $2.8 trillion in assets. We've gotten out of control.” ThinkingWaySaidGovernmentGivenGoneConstitutionAssetsAmendmentsReservesFederal GovernmentFederal Reserve Author:David Malpass
“Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe pressure on the balance of payments.” GovernmentRunningProcessEconomyBalanceCircumstancesPressureEtcMore MoneyReservesSevereTaxationInflationDeficitPaymentMonetaryBorrowingFinancing Author:John James Cowperthwaite
“As a 29 year veteran of the US Army/Army Reserves, retiring as a Colonel and having served as a U.S. diplomat for 16 years and resigning in 2003 in opposition to the Iraq war, I firmly believe war does not resolve political issues. We must work diligently to force the governments of our nations to use diplomacy, not weapons.” YearsBelieveDoeWarUseGovernmentPoliticalForceNationsIssuesWeaponsArmyIraqOppositionResolveRetiringReservesVeteranDiplomacyIraq WarDiplomatsColonelsUs ArmyPolitical IssuesResigning Author:Ann Wright
“There have been times when the Federal Reserve has restricted the money supply and raised interest rates to gain an end, which had much better been left to another Government agency or the Congress to attain. The country could have had lower interest rates without sacrificing anything else.” Has BeensEndsCountryGovernmentPoliticsLeftInterestEconomySacrificeGainsRaisedRateCongressAgencyLiberalismReservesFederal ReserveInterest RateGovernment Agencies Author:Wright Patman
“In a democracy the responsibility for the Government's economic policies, which so affect the economy, normally rests with the elected representative of the people: in our case, with the President and the Congress. If these two follow economic policies inimical to the general welfare, they are accountable to the people for their actions on election day. With Federal Reserve independence, however, a body of men exist who control one of the most powerful levers moving the economy and who are responsible to no one.” PeopleIfsMenTwoBodyGovernmentActionMovingPoliticsPresidentPowerfulResponsibilityCasesEconomyDemocracyEconomicPolicyResponsibleElectionIndependenceCongressWelfareLiberalismMost PowerfulRepresentativesReservesFederal ReserveElection DayEconomic PolicyLeversGeneral Welfare Author:Wright Patman