Topic: Economics, Matches 52 quotes.

Do we ever give our boys and girls any practical lessons in teaching them the true greatness of the Constitution? How often do we pass some great industrial plant, and notice hundreds of automobiles around it? Some of us may think that those automobiles belong to the owners of the plant, or to the management, but such is not the case. Those automobiles belong to the men who work in the plant. You can see that sight only in America. You can’t see it in Europe, because it is not there. These men own automobiles because of the rights that they have under the Constitution of the United States to earn and pay for those things that are within the buying and purchasing power of all of these people.

We speak of Hitler and his ingenuity in accomplishing great things mechanically—and might I say he has—but there is one thing that he has not given his people, although he has endeavored over a period of years to provide an automobile that would be within their purchasing power. But here in America we not only enjoy automobiles, some of the comforts of fine homes, and fine homes themselves, but practically every blessing that even the rich and elect of far-off Europe enjoy. All of these things are possible individually because we live in a country where personal initiative is not restricted, where each and every man can have anything he wants, if he will work for it.

Source: Elder Joseph L. Wirthlin
General Conference, October 1939

Topics: Economics; Education

If Congress has the right [it doesn’t] to issue paper money [currency], it was given to them to be used by...[the government] and not to be delegated to individuals or corporations.

Source: President Andrew Jackson, Vetoed Bank Bill of 1836

Topics: Economics; Government, Limited

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.

Source: Sen. Barry Goldwater (Rep. AR)

Topics: Economics

It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

Source: Henry Ford

Topics: Economics

The regional Federal Reserve banks are not government agencies. ...but are independent, privately owned and locally controlled corporations.

Source: Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982

Topics: Economics

We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.

Source: Congressman Louis T. McFadden
in 1932 (Rep. Pa)

Topics: Economics

Some people think the Federal Reserve Banks are the United States government’s institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers.

Source: Louis T. McFadden
Chairman of the Committee on Banking and Currency (12 years)
June 10, 1932 - Congressional Record 12595-12603

Topics: Economics

[Every circulating FRN] represents a one dollar debt to the Federal Reserve system.

Source: Money Facts, House Banking and Currency Committee

Topics: Economics

Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become ‘profiteers,’ who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

Source: John Maynard Keynes
(the father of ‘Keynesian Economics’ which our nation now endures)
in his book “THE ECONOMIC CONSEQUENCES OF THE PEACE” (1920).

Topics: Economics

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