The banks in their lending business are not only NOT limited by their own capital; they are not, at least not immediately limited by any capital whatever; by concetrating in their own hands almost all payments, they themselves create the money required… (Wicksell, 1907 pp. 214-15)

In a pure system of credit, where all payments were made by tranceference in the bank-books, the banks would be able to grant at any moment any amount of loans at any, however diminutive, rate of interest (Wicksell, 1907,p 215)

“The technetronic era involves the gradual appearance of a more controlled society. Such a society would be dominated by an elite, unrestrained by traditional values. Soon it will be possible to assert almost continuous surveillance over every citizen and maintain up-to-date complete files containing even the most personal information about the citizen. These files will be subject to instantaneous retrieval by the authorities.” – Brzeziński 1970

‘Opportunity is a haughty goddess who wastes no time with those who are unprepared’

”The ultimate consequence of abandoning gold was the birth of a market madness which the world had never seen before. It may end one day in a financial collapse that is unparalleled in history. As Keynes said: ”In the long run we are all dead”. His cynical remark might turn into a prophecy.” – Ferdinand Lips, Gold Wars

”Your belief systems limit your reality to a sub-set of the solution space that does not contain the answer.” Thomas Campbell

”Years of study convinced me that there is a strong criminal agenda to illegally suppress the price of gold…” Ferdinand Lips, Gold Wars

”Everything tells me that this bull market will vault silver to levels unimaginable to most people before it is over.” Chris Weber

”… over 90% of all the silver that has ever been mined in the last 5,000 years has been used up by industry and is gone forever.” James Cook

”With the monetary system we have now, the careful saving of a lifetime can be wiped out in an eyeblink.” Larry Parks, FAME

”Banks lend by creating credit. They create the means of payment out of nothing.” Ralph M. Hawtrey, former Secretary of Treasury, England

”Bank credit creation does not channel existing money to new uses. It newly creates money that did not exist beforehand and channels it to some use” (Richard Werner, New Paradigm in Macroeconomics)

”We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K.” Sir Eddie George, Bank of England, September 1999

“Central banks stand ready to lease gold in increasing quantities should the price rise.” Alan Greenspan, US Federal Reserve Bank, 24 July 1998

“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.” John Kenneth Galbraith

”Those who have knowledge, don’t predict. Those who predict, don’t have knowledge.” Lao Tzu

“Because the world has forgotten the monetary role of gold, our world is in serious trouble. That is the one major reason for the worrisome state of the world. The abandonment of gold as money, of the discipline of gold, is the major reason if not the only reason why our world has become a very dangerous place. In my opinion, it is the biggest tragedy in world history.”  Ferdinand Lips

“Those that create and issue the money and credit, direct the policies of government and hold in their hands the destiny of the people.” Richard McKenna, former president of the Midlands Bank of England

”People suffer from famine because of the multitude of taxes consumed by their superiors.” Lao Tzu

“there is still no definitive answer in terms of all its
final uses to the question: What is money?” (Federal Reserve) 

“The actual process of money creation takes place primarily in banks.” (Federal Reserve Bank of Chicago, 1961, p. 3);

“…the fractional reserve system… permits the banking system to create money.” (Federal Reserve Bank of Kansas City, 2001, p. 57.); 

“In the Eurosystem, money is primarily created through the extension of bank credit…. The commercial banks can create money themselves, the so-called giro money.” (Bundesbank, 2009)

”To all; once Gold breaks $1,030, the next bubble will have begun! At this point, there is only one asset class left for the Fed to inflate, that’s right, the precious metals arena. The Fed MUST inflate, they MUST inflate something or they die.”

quotes_lincoln“I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands, and the republic destroyed.” – Abraham Lincoln, 16th President of the United States

“Inflation is like a drug. Its stimulating effect is temporary. Only larger and larger doses can sustain the stimulus, before the chaos of hyperinflation removes all the gains.” – Milton Friedman

Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion – 840 per cent of current GDP. “Let’s get real,” Prof. Kotlikoff says. “The U.S. is bankrupt.”

“There’s very little left on the planet. The U.S. Geological Society said just a couple years ago that silver would be the first element in the periodic table that would become extinct. It’s incredibly bullish. The USGS said that would happen by 2020. So if we’re in the situation where we can run out of silver, the price clearly has to go up, because you can’t obviously run out of silver. What will happen is, the price will have to go to a price level where it’s economic to recycle it..” – Adrian Douglas

“The supply/demand set up in silver, which has evolved over an incredibly long period of time, has been one continuous process promising to culminate in an explosion in price at some point. Quite simply, we are rapidly approaching that defining moment when there just won’t be enough physical material to go around at anything but rapidly escalating prices. Those escalating prices will encourage and drive others, including industrial consumers, to enter what should become a buying frenzy. Superimpose upon that the sudden destruction of a decades-old downward price manipulation and you have all the necessary ingredients for a price event that will be referred to forever.” – Ted Butler

‘When you extend to bankers the power to create money ex nihilo, you can hardly be surprised if they start to believe themselves superhuman’ – Sean Quinn



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