Saturday, December 22, 2012

50 Reasons For The Separation of Money & State

By, Chris Rossini
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Americans (generally) are solid when it comes to the importance of the separation of Church and State. However, they need some help when it comes to the separation of Money and State.

Here are 50 thoughts to help reach a very important conclusion: That money must be completely severed from State control. Our economic lives literally depend on it.

Some of the following quotes are attributed to sell-outs and people who acted against what they're saying below. However, the important thing from my point of view is that, at some point in their lives, they knew what was right when it came to the separation of Money and State.

  • John Adams in a letter to Thomas Jefferson:“All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation.” 
  • George Washington in a letter to J. Bowen, Rhode Island, Jan. 9, 1787: “Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.” 
  • George Mason said that he had a “mortal hatred to paper money.”
  • James Madison: “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible, to maintain their control over governments, by controlling money and its issuance.”
  • Voltaire: “Paper money eventually returns to its intrinsic value: zero”
  • Frederic Bastiat: “It is impossible for society to render more services than it receives, and yet a belief to the contrary is the chimera which is being pursued by means of the multiplication of coins, of paper money, etc.”
  • Daniel Webster: “Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.” 
  • William Jennings Bryan: “Money power denounces, as public enemies, all who question its methods or throw light upon its crimes.”
  • Daniel Webster: “We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.”
  • John C. Calhoun, 1836: “A power has risen up in the government greater than the people themselves, consisting of many and various powerful interest, combined in one mass; and held together by the cohesive power of the vast surplus in banks.”

  • Sir Josiah Stamp, former President, Bank of England: “The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits.”
  • Andrew Jackson: “If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.” 
  • John Maynard Keynes: “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
  • James Garfield: “Whoever controls the volume of money in any country is absolute master of all industry and commerce.”
  • Cicero 106-43 BC: “The sinews of war, unlimited money.” 
  • William F. Rickenbacker: “Gold would have value if for no other reason than that it enables a citizen to fashion his financial escape from the state.”
  • Dr. Franz Pick: “The fate of the nation and the fate of the currency are one and the same.”
  • Alan Greenspan said, in 1998, before the U.S. House Banking Committee: “The U.S. should hold on to its gold stock…Gold still represents the ultimate form of payment in the world. Germany in 1944 could buy materials during the war only with gold. Fiat money, in extremis, is accepted by nobody. Gold is always accepted.”
  • John F. Hylan, Mayor of N.Y., 1911: “…the real menace of our republic is the invisible government which, like a giant octopus, sprawls its slimy length over our city, state and nation. At the head is a small group of banking houses, generally referred to as ‘international bankers.’”
  • Reginald McKenna, former head of the Bank of England, 1924: “They who control the credit of a nation direct the policy of governments and hold in their hands the destiny of the people.”
  • U.S. Treasury Sec. Woodin, 1933: “The Federal Reserve Act lets us print all we’ll need. And it won’t frighten the people. It won’t look like stage money. It’ll be money that looks like real money.” 


  • Thomas Jefferson: “I am an enemy to all banks discounting bills or notes for anything but coin.”
  • Thomas Jefferson: “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…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: “I sincerely believe that banking establishments are more dangerous than standing armies and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling on a large scale.” 
  • Thomas Jefferson: “The monopoly of a single bank is certainly an evil.” 
  • Thomas Jefferson: “The dominion of the banks must be broken or it will break us.” 
  • Thomas Jefferson: “The trifling economy of paper, as a cheaper medium, or its convenience for transmission, weighs nothing in opposition to the advantages of the precious metals...it is liable to be abused, has been, is, and forever will be abused, in every country in which it is permitted.”
  • Thomas Jefferson: “Paper is poverty. It is only the ghost of money, and not money itself.” 
  • Thomas Jefferson: “Stock dealers and banking companies, by the aid of a paper system, are enriching themselves to the ruin of our country, and swaying the government by their possession of the printing presses, which their wealth commands, and by other means, not always honorable to the character of our countrymen.” 
  • Thomas Jefferson: “Paper money would be perilous even to the paper men.”
  • Thomas Jefferson: “I deny the power of the General Government of making paper money, or anything else, a legal tender.”


  • FDR wrote on Nov. 21, 1933 in a letter to Col. Edward Mandell House: “The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson...”
  • Louis T. McFadden, Chairman of the Banking and Currency Committee: “We have known in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks.” 
  • Howard Buffett (Warren’s father) a Congressman from Nebraska: “The paper money disease has been a pleasant habit thus far and will not be dropped voluntarily, any more than a dope user will without a struggle give up narcotics...I find no evidence to support a hope that our fiat paper money venture will fare better ultimately than such experiments in other lands...”
  • Howard Buffett: “So far as I can discover, paper money systems have always wound up with collapse and economic chaos. If human liberty is to survive in America, we must win the battle to restore honest money. There is no more important challenge facing us than this issue - the restoration of your freedom to secure gold (and silver) in exchange for the fruits of your labors.” 
  • Howard Buffett: “Human freedom rests on gold redeemable money.”
  • Sen. Barry Goldwater: “Most Americans have no real understanding of the operation of the international moneylenders. The bankers want it that way.”
  • Gilbert K. Chesterton: “The golden age only comes to men when they have forgotten gold.” 
  • Antony C. Sutton: “Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For these few gold has been the asset of last resort.”
  • Benjamin M. Anderson: “Gold needs no endorsement. It can be tested with scales and with acids. No act of faith is called for when gold is used in payments, and no compulsion is required. Gold is an unimaginative taskmaster. It demands that men and governments and central banks be honest. It demands that they keep their promises on demand or at maturity. Gold was old-fashioned and it was honest.”
  • Ben Bernanke, said, “The U.S. government has a technology called a printing press - or, today, its electronic equivalent - that allows (the Federal Reserve System) to produce as many U.S. dollars as it wishes at essentially no cost…the Fed could even implement what is essentially the classic textbook policy of dropping freshly printed money from a helicopter.”


  • Alan Greenspan, 1966: “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value…Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”
  • Ludwig Von Mises: “Cynics dispose of the advocacy of the restitution of the gold standard by calling it utopian. Yet we have only the choice between two utopias: the utopia of a market economy, not paralyzed by government sabotage, on the one hand, and the utopia of totalitarian all-round planning on the other hand. The choice of the first alternative implies the decision in favour of the gold standard.”
  • Jim Sinclair: “Gold knows no country, no nationality, no political agenda and it’s universal. Paper is a con job that must be reinforced by further fabrication on a daily basis.”
  • Thomas Gale Moore, a member of Reagan’s Council of Economic Advisers said, “We can pay off anybody by running a printing press, frankly, so it’s not clear to me how bad that is.”
  • Alan Greenspan: “Today’s Central Bankers have the capacity of creating or destroying unlimited supplies of money and credit.”
  • Robert H. Hemphill, former credit manager, Federal Reserve Bank of Atlanta: “Money is the most important subject intellectual persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and its defects remedied very soon.”
  • Ron Paul: “It is no coincidence that the century of total war coincided with the century of central banking.” 
  • Ron Paul: “We might say that the government and its banking cartel have together stolen $0.95 of every dollar as they pursued a relentlessly inflationary policy.”
  • Ron Paul: “Although it may take time, the market always wins.”

4 comments:

  1. Here are two more quotes

    “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” John Maynard Keynes, 1920.

    “Since the time when President Richard Nixon broke the final tenuous link between the dollar and gold in 1971, no major currency, for the first time in history, has any connection to a commodity. Every currency is now a fiat currency.” Milton Friedman, 1991.

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  2. "Nervus belli pecunia" (Cicero) -- there is no 'unlimited' in there.

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  3. Too bad this kind of history is taught to the functionally stupid studying for an MBA.

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