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Benjamin Franklin  
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In the last 24 hours
Money as debt - Food for thought
If all bank loans were paid up… 
'If all the bank loans were paid up, no one would have a bank deposit, and there would not be a dollar of currency or coin in circulation. This is a staggering thought. We are completely dependent on the commercial banks for our money.
Thursday, July 24, 2014
More than 24 hours ago
Jesse - Jesse's Café
La Fête Nationale
The representatives of the French people, organized as a National Assembly, believing that the ignorance, neglect, or contempt of the rights of man are the sole cause of public calamities and of the corruption of governments, have determined to set forth in a solemn declaration the natural, unalienable, and sacred rights of man, in order that this declaration, being constantly before all the members of the Social body, shall remind them continually of their rights and duties; in order that the acts of the legislative power The representatives of the French people, organized as a National Assembly, believing that the ignorance, neglect, or contempt of the rights of man are the sole cause of public calamities and of the corruption of governments, have determined to set forth in a solemn declaration the natural, unalienable, and sacred rights of man, in order that this declaration, being constantly before all the members of the Social body, shall remind them continually of their rights and duties; in order that the acts of the legislative power, as well as those of the executive power, may be compared at any moment with the objects and purposes of all political institutions and may thus be more respected, and, lastly, in order that the grievances of the citizens, based hereafter upon simple and incontestable principles, shall tend to the maintenance of the constitution and redound to the happiness of all.
Monday, July 14, 2014
George F. Smith - Barbarous Relic
Who said it, when and where?
Over the years I've accumulated a long list of quotes about money and banking extracted from online articles and books I've read.Unlike most other sites that post pithy remarks from famous authors, I include hyperlinks to their sources, so that anyone who wishes can not only verifya quote but, perhaps more importantly, read the context in which it was used.
Tuesday, June 17, 2014
Food for thought
The smart way to keep people passive… 
The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion,
Sunday, June 15, 2014
Mish - Global Economic Analysis
Why does fiat money seemingly work ? 
Imagine that you live on a small island mining the local salt mine, together with Pete the fisherman and Tom the apple grower. You'd exchange your salt for Pete's fishes and Tom's apples, while they would exchange fishes and apples between them. One day Pete says: "Instead of fish, from now on I will give you pieces of papyrus with numbers marked on them. (Papyrus grows in near unlimited
Friday, June 13, 2014
Thorsten Polleit
  The Fiasco of Fiat Money 
I. Today's worldwide paper-, or "fiat-," money regime is an economically and socially destructive scheme — with far-reaching and seriously harmful economic and societal consequences, effects that extend beyond what most people would imagine. Fiat money is inflationary; it benefits a few at the expense of many others; it causes boom-and-bust cycles; it leads tooverindebtedness; it corrupts society's morals; and it will ultimately end in a depression on a grand scale.
Friday, June 13, 2014
Food for thought
  US Treasury : Federal Notes have no Value for themselves 
Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything.
Tuesday, May 27, 2014
Antal E. Fekete - Gold University
Is Our Accounting System Flawed? 
The accounting principle, the Law of Liabilities, asserts that a firm must carry itsliabilities in the balance sheet at its value upon maturity, or at liquidation value,whichever is higher. This Law is universally ignored by present accounting standards,which threatens the economy with massive deflation through the destruction of capital, inview of the persistent fall of interest rates for the past 25 years, as it keeps increasing theliquidation value of debt
Saturday, May 24, 2014
Ayn Rand
   The Fountainhead – Howard Roark Speech (Gary Cooper)

Wednesday, May 21, 2014
David Bardallis
  The $100,000 trazillion gaquillion plan 
WASHINGTON – President Barack Obama called on Congress to quickly pass a new fiscal stimulus package that would provide nearly $100,000 trazillion gaquillion frijillion in an effort to revive the U.S. economy, which some experts believe has entered a recession.
Sunday, May 11, 2014
Beans Bullets Bullion and Bible - shtfplan
  Body Armor: Because If You’re Shooting Down Range, You Can Bet Someone’s Shooting Back At You 
Food… check. Water… check. Guns andammo… check. Gold,silver andbartering supplies… check. Most ofthosewho havetakensteps toprepare for a post-collapseAmerica haveacquired the basic essentialgoods and trading suppliesthatwillbeneeded in theevent ofworst-caseeconomic,financial orsocietal collapse.
Tuesday, May 06, 2014
Food for thought
Why Governements try to control prices, by Keynes
A sentiment of trust in the legal money of the State is so deeply implanted in the citizens of all countries that they cannot but believe that some day this money must recover a part at least of its former value. To their minds it appears that value is inherent in money as such, and they do not apprehend that the real wealth, which this money might have stood for, has been dissipated once and for all.
Tuesday, May 06, 2014
Food for thought
Thomas Jefferson on the path to slavery
“Single acts of tyranny may be ascribed to the accidental opinion of a day; but a series of oppressions, begun at a distinguished period, and pursued unalterably thro' every change of ministers...
Saturday, May 03, 2014
Food for thought
All that glisters is not gold…
'All that glisters is not gold, Often have you heard that told; Many a man his life hath sold But my outside to behold:
Thursday, May 01, 2014
Mike Hewitt - Dollar Daze
What is Inflation?
"The reality of inflation is that governments steal money from their citizens with absolutely no intention of repaying that money." (John Maynard Keynes, The End of Laissez-Faire) Imagine a counterfeiting printing enough money in his basement to provide every member in his community with an extra million dollars. Could we say that every member of that
Wednesday, April 30, 2014
George F. Smith - Barbarous Relic
Inflation Inferno I 
Throughout history, governments have fought against the use of sound money. In 1912, Ludwig vonMises identified the reason for this: The sound-money principle has two aspects. It is affirmative in approving the market's choice of a commonly-used medium of exchange. It is negative in obstructing the government's propensity to meddle with the currency system.
Monday, April 28, 2014
Franklin Sanders - The Money Changer
The parable of the cards 
That article drew an astonishing number of responses - some questioning and intelligent, some appallingly ignorant, and some outright rude. Amazingly, some of the most ignorant and rude came from people who (I take it) fancy themselves the friends of silver, gold, and sound money. The Internet, it seems, has not made people wiser or more knowledgeable. It has only made propagating ignorance faster and more efficient. As Will Rogers observed, "The trouble with people is not what they don't know, but that they know so much that just ain't so."
Sunday, April 27, 2014
Food for thought - 24hgold
Through the Magic of the Printing Press…
"...Through the magic of the printing press...
Saturday, April 26, 2014
Ayn Rand - Food for thought
Watch money if you want to know when a society vanishes 
"If you want to know when a society vanishes...watch money. Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of moral existence
Wednesday, April 23, 2014
Food for thought
Liberty is rarely lost at once, by David Hume
"It is seldom that liberty of any kind is lost all at once. Slavery has so frightful an aspect to men accustomed to freedom
Thursday, April 17, 2014

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