posted on May, 13 2008 @ 09:22 AM
Centuries ago certain societies had what were called "Jubilee Years". Once every 50 years, all previous debts were wiped out and everyone could
start with a clean slate.
"In the Colonies, we issue our own paper money. It is called 'Colonial Scrip.' We issue it in proper proportion to make the goods and pass easily
from the producers to the consumers. In this manner, by creating ourselves our own paper money, we control its purchasing power, and we have no
interest to pay, to anyone. You see, a legitimate government can both spend and lend money into circulation, while banks can only lend significant
amounts of their promissory bank notes, for they can neither give away nor spend but a tiny fraction of the money the people need. Thus, when your
bankers here in England place money in circulation, there is always a debt principal to be returned and usury to be paid. The result is that you have
always too little credit in circulation to give the workers full employment. You do not have too many workers, you have too little money in
circulation, and that which circulates, all bears the endless burden of unpayable debt and usury.
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks 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.
The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens, ever
accumulating."
- Thomas Jefferson
"People who will not turn a shovel of dirt on the project, not contribute a pound of material, will collect more money than will the people who
supply all the material and do all the work. This is the terrible thing about interest (usury)... But here is the point: if the nation can issue a
dollar bond, it can also issue a dollar bill. The element that makes the bond good, makes the bill good also. The difference, between the bond and
the bill, is that the bond lets the money-broker collect twice the amount of the bond, and an additional 20%. Whereas the currency, the honest sort,
provided by the Constitution, pays nobody, but those who contribute in some useful way. It is absurd, to say that the country can issue bonds, and
cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the people. If the currency issued by the people
were no good, then the bonds would be no good either. It is a terrible situation, when the Government, to insure the national wealth, must go into
debt and submit to ruinous interest charges, at the hands of men, who control a fictitious value of gold. Interest is the invention of
Satan."
- Thomas Edison
"I have never yet had anyone who could, through the use of logic and
reason, justify the Federal Government borrowing the use of its own
money. I believe the time will come when people will demand that this be
changed. I believe the time will come in this country when they will
actually blame you and me and everyone else connected with the Congress for sitting idly by and permitting such an idiotic system to
continue."
- U.S. Congressman Wright Patman
[edit on 13-5-2008 by ianr5741]