Started reading "The Creature from the Jekyll Island"

in #book7 years ago

Here are some passages from the book:

"...the rules of the game require that the scam must always be described as a heroic effort to protect the public."

"...if the loans go sour, the money is eventually extracted from the American people through the hidden tax called inflation."

"Fraud is not necessarily against the law."

"When the money comes from government, goes to government, and is administered by government, the result will be the expansion of government."

"...if higher education is considered to be desirable for the general population, "a program is then necessary to lower the job expectations of those who receive a college education.""

"Hungry people are dangerous to a government."

"Ideology means nothing to them: capitalist, communist, socialist, fascist, what does it matter so long as the money keeps coming."

"...if no one is able to define what money is,how can we have an opinion about how the System is performing? we cannot, and that is exactly the way the cartel wants it."

"Prices do not go up. The value of the money goes down."

"...it doesn't matter what the supply of money is. The free market will simply adjust by changing the purchasing power..."

"Even the wisest of men can be corrupted by power and wealth."

"The only way a government can exchange its worthless paper money for tangible goods and services is to give its citizens no choice."

"...economic systems in distress can and do recover rapidly if government does not interfere with the natural healing process"

"As was often to be observed in the future, however desperately people want their money from a bank, when they are assured they can get it, they no longer want it."

"The reality of central banks is that they act as hidden money machines which can be activated any time the politicians want."

"The value of the currency was going down, and that was due to the fact that it was being created at a faster rate than the creation of goods to be purchased with it."

"Who cares if the scheme is destructive? Here is the perfect tool for obtaining unlimited funding for politicians and endless profits for bankers. The little people who pay the bills for both groups have practically no idea what is being done to them."

"In truth, money is not created until the instant it is borrowed. It is the act of borrowing which causes it to spring into existence. And, incidentally, it is the act of paying off the debt that causes it to vanish. "

"Printed Federal Reserve Notes that sit in the Treasury's vault do not become money until they are released into circulation in exchange for checkbook money that was created by a bank loan. As long as the bills are in the vault with no debt-based money to replace them, they technically are just paper, not money."

"What we think is money is but a grand illusion. The reality is debt."

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