sammy the sage
01-06-2009, 09:54 PM
of course am a FEW month's early..BUT..am 100% correct...
read/weep/prepare
BERNANKE, Ben:
“Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or today, it’s electronic equivalent), that allows it to produce as many U.S. dollars as it wishes, at essentially no cost.
We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation. (Nov 21, 2002 AD).
GREENSPAN,
Allan: “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.”
KESSLER,
Friedrich (Law professor at Harvard), commenting in 1993 on the German Hyper-inflation of 1921 – 1923), “It was horrible! It struck like lightning. No one was prepared. You cannot imagine the rapidity with which the whole thing happened. The shelves in the grocery stores were empty. You could buy nothing with your paper money.”
KEYNES,
John M.,: “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.”
KOTLIKOFF,
Professor Laurence: “The United States has experienced high rates of inflation in the past, and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries during the past century. (From ‘Is the USA bankrupt’ – Federal Reserve Bank Review St. Louis, June/August 2006)
LIPPS,
Ferdinand. (Veteran Swiss banker). “The same central banks that sold gold at bargain prices, will at some point try to replace their gold reserves. They will use the printing press to accomplish this goal.”
MACHIAVELLI,
Nicolo: “Government consists in nothing else but so controlling its subjects that they shall neither be able to, nor have cause to do it harm.” (1469 – 1527).
“Rome remained free four hundred years, and Sparta eight hundred, while their citizens were armed all that time; but many other states that have been disarmed have lost all their liberties in less than forty years.”
ROTHSCHILD,
Mayer Amschel: “Let me issue and control a nation’s money supply and I care not who makes its laws.”
VOLTAIRE:
“Paper money eventually returns to its intrinsic value – zero.” (1729).
VON MISES,
Ludwig: “The planned economy is the most rigid system of enslavement history has ever known.”
“In all countries where price inflation has been rapid, it has been observed that the decrease in the value of the money has increased faster than the increase in its quantity.”
“Historically, bonds have always turned out to be ‘certificates of guaranteed confiscation’.”
“But then, finally, the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The Crack- Up-Boom appears. Everybody is anxious to swap their money against "real" goods, whether he needs them or not, no matter how much money he has to pay for them. Within a very short time, within a few weeks or even days, the things which were used as money are no longer used as media of exchange. They become scrap paper. Nobody wants to give away anything against them.”
“There is no means of avoiding the final collapse of a boom brought about by credit expansion.”
“Governments will destroy free markets long before they ever understand how they work.”
WARBURG,
James Paul: “We shall have world government whether we like it or not. The only question is whether world government will be achieved by conquest or consent.” Speaking before the US Senate Feb 17/1950. (The Warburg family co-founded the US Federal Reserve in 1913).
COPERNICUS,
Nicolaus: “Nations are not ruined by one act of violence, but gradually and in an almost imperceptible manner, by the depreciation of their circulating currency, through excessive quantity. (Uttered in 1525).
read/weep/prepare
BERNANKE, Ben:
“Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or today, it’s electronic equivalent), that allows it to produce as many U.S. dollars as it wishes, at essentially no cost.
We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation. (Nov 21, 2002 AD).
GREENSPAN,
Allan: “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.”
KESSLER,
Friedrich (Law professor at Harvard), commenting in 1993 on the German Hyper-inflation of 1921 – 1923), “It was horrible! It struck like lightning. No one was prepared. You cannot imagine the rapidity with which the whole thing happened. The shelves in the grocery stores were empty. You could buy nothing with your paper money.”
KEYNES,
John M.,: “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.”
KOTLIKOFF,
Professor Laurence: “The United States has experienced high rates of inflation in the past, and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries during the past century. (From ‘Is the USA bankrupt’ – Federal Reserve Bank Review St. Louis, June/August 2006)
LIPPS,
Ferdinand. (Veteran Swiss banker). “The same central banks that sold gold at bargain prices, will at some point try to replace their gold reserves. They will use the printing press to accomplish this goal.”
MACHIAVELLI,
Nicolo: “Government consists in nothing else but so controlling its subjects that they shall neither be able to, nor have cause to do it harm.” (1469 – 1527).
“Rome remained free four hundred years, and Sparta eight hundred, while their citizens were armed all that time; but many other states that have been disarmed have lost all their liberties in less than forty years.”
ROTHSCHILD,
Mayer Amschel: “Let me issue and control a nation’s money supply and I care not who makes its laws.”
VOLTAIRE:
“Paper money eventually returns to its intrinsic value – zero.” (1729).
VON MISES,
Ludwig: “The planned economy is the most rigid system of enslavement history has ever known.”
“In all countries where price inflation has been rapid, it has been observed that the decrease in the value of the money has increased faster than the increase in its quantity.”
“Historically, bonds have always turned out to be ‘certificates of guaranteed confiscation’.”
“But then, finally, the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The Crack- Up-Boom appears. Everybody is anxious to swap their money against "real" goods, whether he needs them or not, no matter how much money he has to pay for them. Within a very short time, within a few weeks or even days, the things which were used as money are no longer used as media of exchange. They become scrap paper. Nobody wants to give away anything against them.”
“There is no means of avoiding the final collapse of a boom brought about by credit expansion.”
“Governments will destroy free markets long before they ever understand how they work.”
WARBURG,
James Paul: “We shall have world government whether we like it or not. The only question is whether world government will be achieved by conquest or consent.” Speaking before the US Senate Feb 17/1950. (The Warburg family co-founded the US Federal Reserve in 1913).
COPERNICUS,
Nicolaus: “Nations are not ruined by one act of violence, but gradually and in an almost imperceptible manner, by the depreciation of their circulating currency, through excessive quantity. (Uttered in 1525).