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Don't take my word
for anything
I love
quotes, they are the truth of life, they are uttered by men of wisdom who can
see where we are headed in this topsy turvy world. Basically my view is that we
are being lead like lambs to the slaughter. I
reared lambs on a bottle when I was farming and know that once they are
trained you can feed them anything you wish them to have. Sound familiar? Also I
know from farming that in order to survive income necessarily needs to be
greater than expenditure or else the bank starts to get agitated. The question
then becomes "who gets agitated when the banks don't do so
well"....................
What
follows is a collection of quotes.
=============================
U.S.
Federal Reserve System came into being because a "secret" group of
international bankers wanted a "privately owned central bank" so that
they could manipulate interest rates and the money supply for their own benefit
=======================
It's not
what you don't know that will hurt you; it's what you think you know that's dead
wrong and that can destroy your wealth
Dr
Kurt Rheinbacker (Austrian School of Economics) 2002
=============================
It's
worth remembering than 230 years ago, historian Alexander Tyler warned our
founding fathers that the American experiment would eventually fail. As he
wrote:
"A democracy cannot exist as a permanent form of government. It can exist
only until the voters discover that they can vote themselves largesse from the
public treasury. From that moment
on, the majority always votes for the candidates promising the most benefits
from the public treasury, with the result that a democracy always collapses over
loose fiscal policy."
It happened to the Athenians more than 2,000 years ago. And without genuine
reform in Washington - term limits and a flat tax - it could happen to us today.
----------------------------------
Free
banking is the only method for the prevention of the dangers inherent in credit
expansion. It would, it is true, not hinder a slow credit expansion, kept within
very narrow limits, on the part of cautious banks which provide the public with
all the information required about their financial status. But under free
banking it would have been impossible for credit expansion with all its
inevitable consequences to have developed into a regular—one is tempted to say
normal—feature of the economic system. Only free banking would have rendered
the market economy secure against crises and depression. Mises
On this
Mises wrote, "A general acceptance of the principles of the flexible
monetary standard must therefore result in a race between the nations to outbid
one another. At the end of this competition is the complete destruction of all
nations' monetary systems."
===============================
Sean
Corrigan,
As all
Austrians should be aware, recessions themselves only come about as a reaction
to the unsustainable tempo of the preceding Boom. They also know that, at root,
the Boom itself always has its genesis in an unwarranted expansion of the means
of payment.
===============================
Thomas
Jefferson once said:
"I
believe that banking institutions are more dangerous to our liberties than
standing armies . . . If the American people ever allow private banks to control
the issue of their currency, first by inflation, then by deflation, the banks
and corporations that will grow up around [the banks] . . . 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)
================================
Jim
Paplava..... Financal Sense . com
Your
Neighborhood Bank
Banks
have turned into aggressive lenders in the real estate market. Bank lending has
moved away from business lending and commercial construction and is now heavily
concentrated in residential real estate. The redirection of bank capital towards
the residential market is the main factor fueling the housing boom. It has
become a self feeding frenzy as rising housing prices encourages more lending in
the sector, which further fuels prices. As home values rise, it creates
additional collateral which can be borrowed against and redirected towards
consumption. The strength in retail sales has been highly correlated to rising
housing prices and mortgage refis. Without an appreciating real estate market,
the consumer consumption binge would come to an abrupt end.
==================================
In his
view, gold will replace the world's major currencies as central banks cheapen
the value of their paper assets by borrowing, printing or buying securities that
inflate their economies.
"The
mania that we had in the 1990s that expressed itself was an expression of
complete and total confidence in things that are paper," he says.
"That pendulum has swung as far as it could when gold was $800 an ounce
(more than 20 years ago). That pendulum will swing back the other direction as
the world now looks around for a place or a store of value."
Fleckenstein
===================================
"Paper
money has had the effect to ruin commerce, oppress the honest & open the
door to every species of fraud & injustice."
-George Washington
===================================
And while the connotations behind these
'trigger' words are open for debate, it is undeniable that bankers become
worried whenever people begin to choose gold over their brand of money
William Willet
============================
Free
banking is the only method for the prevention of the dangers inherent in credit
expansion. It would, it is true, not hinder a slow credit expansion, kept within
very narrow limits, on the part of cautious banks which provide the public with
all the information required about their financial status. But under free
banking it would have been impossible for credit expansion with all its
inevitable consequences to have developed into a regular—one is tempted to say
normal—feature of the economic system. Only free banking would have rendered
the market economy secure against crises and depression. Mises
"A
general acceptance of the principles of the flexible monetary standard must
therefore result in a race between the nations to outbid one another. At the end
of this competition is the complete destruction of all nations' monetary
systems." Mises on currencies
=============================
As all Austrians should be aware, recessions
themselves only come about as a reaction to the unsustainable tempo of the
preceding Boom. They also know that, at root, the Boom itself always has its
genesis in an unwarranted expansion of the means of payment. Sean Corrigan
==============================
George Bernard Shaw: "A government which
robs Peter to pay Paul can always depend on the support of Paul."
Politicians depend on the votes of the "Pauls" to get elected and stay
in those posh offices in DC. As Mark Twain said, "Suppose you were an
idiot. And suppose you were a member of Congress. But then I repeat
myself."
==============================
"To
be governed is to be watched, inspected, directed, indoctrinated, numbered,
estimated, regulated, commanded, controlled, law-driven, preached at, spied
upon, censured, checked, valued, enrolled, by creatures who have neither the
right nor the wisdom nor the virtue to do so.
To
be governed is to be, at every operation and at every transaction, taxed,
stamped, registered, numbered, counted, noted, measured, assessed, authorized,
licensed, admonished, prevented, forbidden, corrected, reformed, punished.
It
is, under pretext of public utility, and in the name of the general interest, to
be placed under contribution, fleeced, drilled, extorted from, exploited,
monopolized, squeezed, hoaxed, robbed;then, at slightest resistance and first
word of complaint, to be sacrificed, betrayed, harassed, repressed, disarmed,
hunted down, clubbed, abused, fined, sold, and, to crown it all, to be outraged,
ridiculed, mocked, derided, dishonored. THAT is government; that is its justice,
that's its morality.'' -Pierre-Joseph Proudhon
=====================================
Politics
(governing?) is the art of looking for trouble, finding it
everywhere, diagnosing it incorrectly and applying the wrong remedies-
Groucho Marx
============================
"Paper
money has had the effect to ruin commerce, oppress the honest & open the
door to every species of fraud & injustice."
-George Washington
=======================
There will come a day unlike any other day, an event unlike any other
event and a crisis unlike any other crisis. It will emerge out of nowhere at a
time no one expects. It will be an event that no one anticipates-a crisis that
the experts didn’t foresee. It will be an exogenous event-a rogue wave. Jim Paplava
=============================
As the renowned economist Ludwig von Mises
warned us decades ago: "There is no means of avoiding the final collapse of
a boom brought about by credit expansion. The alternative is only whether the
crisis should come sooner as the result of a voluntary abandonment of further
credit expansion, or later as a final and total catastrophe of the currency
system involved." [Human Action,
Regnery, 1966, p. 572.]
=============================
Did you ever hear of the Independent
Treasury Act of 1921? No, you say.... Hmmmmmmm....?
The Independent Treasury Act of 1921
suspended the de jure (meaning "by right of legal establishment")
Treasury Department of the United States government. The US Congress turned the
treasury department over to a private corporation, the Federal
Reserve and their agents. The bulk of the ownership of the Federal Reserve
System, a very well kept secret from the American Citizen, is held by these
banking interests:
Rothschild Bank of London,
Rothschild Bank of Berlin, Warburg Bank of Hamburg, Warburg Bank of Amsterdam,
Lazard Brothers of Paris, Israel Moses Seif Banks of Italy, Chase Manhattan Bank
of New York, Goldman, Sachs of New York, Lehman Brothers of New York' Kuhn Loeb
Bank of New York .See "Our Enemy, The
STATE" by Albert J. Nock - 1935, his Classic Critique Distinguishing
"Government" from the "STATE."
==========================
As you can see it is the MONEY that gives us the
politicians we have, and out of avarice we get the politicans the majority give
us. Jim Paplava is correct, what cometh will be bigger than anybody suspects as
the system gets washed clean. All for the sake of protecting the
moneymen...........................
Need I say more...............
Allie Oop