“I sincerely believe that banking establishments are more dangerous than standing armies" - Thomas Jefferson
Garfield was elected United States President and here's what he said. He was only President from March of 1881to September of 1881; why, is that probably because of
this quote “whoever controls the volume of money in our country is absolute master of all industry and commerce when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top” President Garfield was assassinated very soon after he made that statement.
“In today’s regulated economy, the value of money is set by the Federal Reserve, Bank of Canada, etc.. The alleged purpose of central banking is to provide “macroeconomic stability” by controlling inflation. What it does instead is help finance deficits by purchasing government securities. It also serves as a state-backed cartel for the country’s private commercial banks, protecting them against bank runs in its role as a “lender of last resort”—a misnomer since dollar holders are truly the involuntary last-resort lenders.
Far from controlling inflation, the Fed serves as the engine of chronic price increases through its expansion of the money supply. The Federal Reserve issues a fiat currency backed only by legal tender laws. Increasing this money supply will only bid prices up, over time. The Fed acts as if this fundamental fact can be ignored.
Raising taxes has been known to incite revolution. However, the legal counterfeiting practice of central banking is far safer because its theft is less visible. Instead of having fewer dollars as a result of more taxation, consumers have weaker dollars as a result of counterfeiting. Their pockets have been picked in the form of higher prices”. Source: https://mises.org/wire/how-fed-undermines-prosperity
Significant that Andrew Jackson’s message is on the debt clock
https://thehill.com/homenews/administration/316115-trump-hangs-portrait-of-andrew-jackson-in-oval-office/
https://www.history.com/this-day-in-history/andrew-jackson-shuts-down-second-bank-of-the-u-s
“I sincerely believe that banking establishments are more dangerous than standing armies" - Thomas Jefferson
Garfield was elected United States President and here's what he said. He was only President from March of 1881to September of 1881; why, is that probably because of this quote “whoever controls the volume of money in our country is absolute master of all industry and commerce when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top” President Garfield was assassinated very soon after he made that statement.
“In today’s regulated economy, the value of money is set by the Federal Reserve, Bank of Canada, etc.. The alleged purpose of central banking is to provide “macroeconomic stability” by controlling inflation. What it does instead is help finance deficits by purchasing government securities. It also serves as a state-backed cartel for the country’s private commercial banks, protecting them against bank runs in its role as a “lender of last resort”—a misnomer since dollar holders are truly the involuntary last-resort lenders. Far from controlling inflation, the Fed serves as the engine of chronic price increases through its expansion of the money supply. The Federal Reserve issues a fiat currency backed only by legal tender laws. Increasing this money supply will only bid prices up, over time. The Fed acts as if this fundamental fact can be ignored. Raising taxes has been known to incite revolution. However, the legal counterfeiting practice of central banking is far safer because its theft is less visible. Instead of having fewer dollars as a result of more taxation, consumers have weaker dollars as a result of counterfeiting. Their pockets have been picked in the form of higher prices”. Source: https://mises.org/wire/how-fed-undermines-prosperity
Yes... VERY!
POTUS is fighting the same battle as Old Hickory!
Love your posts fren! 👏