A special thanks goes to Gordon Phillips, National  Representative for
SAPF, for compiling most of these incredible quotes.

They Told The Truth!

In light of the changes since 9 11, I felt the following
quotes were particularly relevant at this time. In reading them you could get
the impression ( aside from their old style English ) these guys were speaking
to us today. Human nature being what it is and truth being always true, what
they shared years ago is just as applicable today as it was then. Enjoy.

... About Freedom

"Necessity is the plea for every infringement of
human freedom. It is the argument of tyrants; it is the creed of slaves.
"

William Pitt Speech to the House of
Commons

"Show me that age and country
where the rights and liberties of the people were placed on the sole chance of
their rulers being good men without a consequent loss of liberty! I say that
the loss of that dearest privilege has ever followed, with absolute certainty,
every such mad attempt. Shall Liberty or Empire be
Sought?"

Patrick Henry, 1788 [From a speech made on
June 5, 1788, in the Virginia Convention, called to ratify the Constitution of
the United States.]

"Guard with
jealous attention the public liberty. Suspect everyone who approaches that
jewel. Unfortunately, nothing will preserve it but downright force. Whenever
you give up that force, you are ruined."

Patrick Henry - in the Virginia ratifying
convention

"The essence of Government
is power; and power, lodged as it must be in human hands, will ever be liable
to abuse."

James Madison, Speech in the Virginia State
Convention of 1829-1830

"Liberty has
never come from government.  Liberty has always come from the subjects of
government. The history of liberty is a history  of resistance. The
history of liberty is a history of limitations of government power, not the
increase of it."

--Woodrow Wilson - from a speech in New York
City, September 9, 1912

"Freedom is
strangely ephemeral. It is something like breathing; one only becomes acutely
aware of its importance when one is choking."

William E. Simon
Secretary of the Treasury
(Nixon & Ford)
A Time for Truth, 1978

"None are more hopelessly enslaved than those who falsely believe they
are free."

- Johann W. Von Goethe

"They that can give up essential liberty to obtain a little temporary
safety deserve neither liberty nor safety."

-Benjamin Franklin

"The true danger is when liberty is nibbled away, for expedients, and by
parts... the only thing necessary for evil to triumph is for good men to do
nothing."

-Edmund Burke

"The right to freedom being the gift of God, it is not in the power of
man to alienate this gift and voluntarily become a slave".

-Samuel Adams

"Single acts of tyranny may be ascribed to the accidental opinion of a
day. But a series of oppressions, pursued unalterably through every change of
ministers, too plainly proves a deliberate systematic plan of reducing us to
slavery".

-Thomas Jefferson

... About The Internal Revenue
Service

"In a recent conversation with an official at the Internal Revenue Service,
I was amazed when he told me that 'If the taxpayers of this country ever
discover that the IRS operates on 90% bluff the entire system will collapse'
".

- Henry Bellmon, Senator (1969)

"... the key question is: can we define 'income' in a fair and reasonably
straightforward manner? Unfortunately we have not yet succeeded in doing so".

-Shirley Peterson, former IRS Commissioner, April 1993

"I don't like the income tax. Every time we talk about these taxes we
get around to the idea of 'from each according to his capacity and to each
according to his needs'. That's socialism. It's written into the Communist
Manifesto. Maybe we ought to see that every person who gets a tax return
receives a copy of the Communist Manifesto with it so he can see what's
happening to him".

-T. Coleman Andrews, Commissioner of Internal
Revenue, May 25, 1956 in US. News & World Report

"Our federal tax system is, in short, utterly impossible, utterly unjust
and completely counterproductive [it] reeks with injustice and is
fundamentally un-American... it has earned a rebellion and it's time we
rebelled".

-President Ronald Reagan, May 1983, Williamsburg, VA

"If no information or return is filed, [the] Internal Revenue Service
cannot assess you".

- Gary Makovski, Special IRS Agent, testifying under oath in US.
v. Lloyd

"Our tax system is based upon voluntary assessment and payment, not upon
distraint".

- United States Supreme Court, in Flora v. United
States

"Our tax system is based on individual self-assessment and voluntary
compliance".

-Mortimer Caplin, Internal Revenue Audit Manual (1975)

"The United States has a system of taxation by confession".

-Hugo Black, Supreme Court Justice, in U.S.A. Kahriger

"Only the rare taxpayer would be likely to know that he could refuse to
produce his records to IRS agents... Who would believe the ironic truth that
the cooperative taxpayer fares much worse than the individual who relies upon
his constitutional rights".

-Judge Cummings, U.S. Federal Judge, in US. v. Dickerson (7th
Circuit 1969)

"Let me point this out now. Your income tax is 100 percent voluntary tax,
and your liquor tax is 100 percent enforced tax. Now, the situation is as
different as night and day. Consequently, your same rules just will not
apply...".

-Dwight E. Avis, former head of the Alcohol and
Tobacco Tax Division of the IRS, testifying before a House Ways and Means
subcommittee in 1953

"The purpose of the IRS is to collect the proper amount of
tax revenues at the least cost to the public, and in a manner that warrants
the highest degree of public confidence in our integrity, efficiency and
fairness. To achieve that purpose, we will encourage and achieve the highest
possible degree of voluntary compliance in accordance with the tax laws and
regulations...".

-Internal Revenue Manual, Chapter 1100, section
1111.1

"Fear is the key element for the IRS in achieving its
mission. Without fear, the IRS would have a difficult time maintaining our
so-called system of voluntary compliance ...". "Given the opportunity, the IRS
will take the easy way out and grab whatever it can... the IRS does not really
care about you and what your future....... may be".

-Santo Presti, former IRS Criminal Investigation Agent
and author of "IRS In Action"

"The IRS is an extraordinary example of the end justifying
the means. The means of this agency is growth. It is interesting that the
revenue officers within the IRS refer to taxpayers as 'inventory'. The IRS
embodies the political realities of the selfish human desire to dominate
others. Thus the end of this gigantic pretense of officialdom is power, pure
and simple. The meek may inherit the earth, but they will never receive a
promotion in an agency where efficiency is measured by the number of seizures
of taxpayers' property and by the number of citizens and businesses driven
into bankruptcy".

- George Hansen, Congressman and author of "To
Harass Our People"

"I have sat on many a promotion panel where the first
question of panel members was 'How many seizures have you made?"'.

-Joseph R. Smith, eighteen-year
IRS agent, testifying before Congress

"The agency that is so strict on the way Americans keep their
books cannot even pass a financial audit".

-Ted Stevens, Republican Senator from Alaska

"Eight decades of amendments... to [the] code have
produced a virtually impenetrable maze... The rules are unintelligible to most
citizens... The rules are equally mysterious to many government employees who
are charged with administering and enforcing the law".

- Shirley Peterson, Former IRS
Commissioner, April14, 1993 at Southern Methodist University

"some techniques can be used only in connection with a full-scale program
due to the nature of the tax situation and the need to avoid unnecessary
taxpayer reaction. An example would be income tax returns compliance efforts
aimed at the non-business taxpayer".

-Internal Revenue Service Manual, section 5221 "Returns Compliance
Programs"

"This [audit] was made extremely difficult because [IRS] existing Systems
were not designed to provide reliable financial information... on their
operations".

-Comptroller Bowsher, Government Accounting Office, on the
first-ever audit of the IRS in 1993.

"The wages of the average American worker, after inflation and taxes, have
decreased 17% since 1973, the only Western industrial nation to so suffer".

-Martin Gross, author of "The Tax Racket: Government Extortion
From A to Z"

About Social Security

"When you pay social security taxes, you are in no way making
provision for your own retirement. You are paying the pensions of those who
are already retired. Once you understand this, you see that whether you will
get the benefits you are counting on when you retire depends on whether
Congress will levy enough taxes, borrow enough, or print enough
money...

-W. Allen Wallis, former Chairman of the 1975 Advisory
Council on Social Security, May27, 1976

"There is no prospect that today's younger workers will
receive all the Social Security and Medicare benefits currently promised
them".

-Dorcas Hardy, former Social Security Commissioner and
author of "Social Insecurity", quoted in the December 1995 Reader's
Digest.

'All we have to do now is to inform the public that the
payment of social security taxes is voluntary and watch the mass
exodus".

-Walter E. Williams, John M. Olin Distinguished
Professor of Economics at George Mason University in Fairfax, VA, January 24,
1996.

...About  The Law

"The Constitution is a written instrument. As such it's
meaning does not alter. That which it meant when adopted, it means
now.

-United States Supreme Court in South Carolina vs.
United States (1905)

"The Constitution prohibits any direct tax, unless in
proportion to numbers as ascertained by the census..... [and] ... prohibits
Congress from laying a direct tax on the revenue from property of the citizen
without regard to state lines...

- United States Supreme Court in Pollack v.
Farmers' Loan & Trust Company (1895)

"... [the 16th Amendment] conferred no new power of
taxation... [and]... prohibited the ... power of income taxation possessed by
Congress from the be ginning from being taken out of the category of indirect
taxation to which it inherently belonged...".

-United States Supreme Court in Stanton v. Baltic
Mining (1916)

"To lay with one hand the power of government on the property
of the citizen, and with the other to bestow it on favored individuals... is
none the less robbery because it is... called taxation".

-United States Supreme Court in Loan Association v.
Topeka (18__ )

"...the intent of the lawmaker is to be found in the language
that he has used".

-United States Supreme Court in U.S. V. Goldberg
(1897)

"Because of what appears to be a lawful command on the
surface, many Citizens, because of their respect for what appears to be law,
are cunningly coerced into waiving their rights due to ignorance".

-United States Supreme Court in US. v.
Minker, 350 US 179 at 187

"No State shall... coin money; emit bills of credit; make any
thing but gold and silver coin a tender in payment of
debts...".

-United States Constitution, Article 1, Section 10,
Clause 1

"... bank records are not the depositor's private papers
and having given the information to the bank, the depositor has no legitimate
expectation of continued privacy... Records of an individual's accounts with
banks are not the individual's private papers protected against compulsory
production by the 4th Amendment, but instead are the business records of the
banks".

-United States Supreme Court in US. v.
Miller

"In questions of power, then, let no more be said of
confidence in man, but bind him down from mischief by the chains of the
Constitution".

-Thomas Jefferson

...About Money, Banking & The Federal
Reserve

"100% of what is collected is absorbed solely by interest on
the Federal Debt ... all individual in-come tax revenues are gone before one
nickel is spent on the services taxpayers expect from
government"

-Grace Commission report submitted to President Ronald
Reagan on January 15, 1984

'In 1833, a small group of Socialists met in London,
announcing their intentions of converting the British economic system from
capitalism to socialism. This group chose the name "Fabian Society". One of
the leading members of the Fabian Society, author George Bernard Shaw, perhaps
summed it up best when he said, quote: "... Socialism means equality of income
or nothing... under socialism you would not be allowed to be poor. You would
be forcibly feed, clothed, lodged, taught, and employed whether you like it or
not. If it were discovered that you had not character enough to be worth all
this trouble, you might possibly be executed in a kindly manner; but whilst
you were permitted to live you would have to live well"

-Edgar Wallace Robinson in his 1980 booklet titled
"Rolling Thunder"

"Of all contrivances for cheating the laboring classes of
mankind, none has been more effective than that which deludes them with paper
money".

- Daniel Webster

"All the perplexities, confusion and distress in America
rise, not from defects in their Constitution or Confederation, not from want
of honor or virtue, so much as from downright ignorance of the nature of coin,
credit and circulation".

-John Adams, in a letter to Thomas Jefferson in
1787

"Gold is still the ultimate store of wealth. It's the world's
only true money. And there isn't much of it to go around. All of it ever mined
would fit into a small building - a 56 foot cube. The annual world production
would fit into a 14 foot cube, roughly the size of an ordinary living room. If
each Chinese citizen were to buy just one ounce, it would take up the annual
supply for the next 200 years".

- Mark Nestmann, author of "How To Achieve Personal
And Financial Privacy In A Public Age

"I see in the near future a crisis approaching. It
unnerves me and causes me to tremble for the safety of my country... 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 is destroyed. I feel at this moment more anxiety for the safety
of my country than ever before, even in the midst of war."

-Abraham Lincoln, - In a letter written to William Elkin just after the
passage of the National Banking Act of 1863 and less than five months
before he was assassinated.

"... the privilege of creating and issuing money... is the
government's greatest creative opportunity... [saving] the taxpayers immense
sums of money...".

-Abraham Lincoln

"If the American people ever allow private banks to control
the issue of their currency first by inflation and then by deflation, the
banks and corporations that will grow up around them will deprive the people
of all property until their children will wake up homeless on the continent
their fathers conquered".

-Thomas Jefferson in 1802 in a letter to then
Secretary of the Treasury, Albert Gallatin

"I believe that banking institutions are more dangerous to
our liberties than standing armies".

- Thomas Jefferson

"Give me control over a nation's currency and I care not
who makes its laws"

- Baron M.A. Rothschild (1744 - 1812)

"Under the surface, the Rothschilds long had a powerful
influence in dictating American financial laws. The law records show that they
were powers in the old Bank of the United States [abolished by Andrew
Jackson]".

-Gustav Myers, author of "History of the
Great American Fortunes"

"... You are a den of vipers and thieves. I intend to rout
you out, and by the grace of the Eternal God, will rout you
out".

-President Andrew Jackson, upon evicting a delegation
of international bankers from the Oval Office

"If Congress has the right under the Constitution to issue
paper money, it was given to be used by themselves, not to be delegated to
individuals or corporations".

- Andrew Jackson

"The few who can understand the system (Federal Reserve) will
either be so interested in its profits, or so dependent on its favors, that
there will be no opposition from that class, while on the other hand, the
great body of the people, mentally incapable of comprehending the tremendous
advantages that capital derives from the system, will bear its burdens without
complaint and perhaps without even suspecting that the system is inimical to
their interests".

- John Sherman, protege of the Rothschild banking
family, in a letter sent in 1863 to New York Bankers, Morton, and Gould, in
support of the then proposed National Banking Act

".. we conclude that the [Federal] Reserve Banks are not
federal ... but are independent privately owned and locally controlled
corporations... without day to day direction from the federal
government."

- 9th Circuit Court in Lewis vs United States,
June 24, 1982

"Some people think the Federal Reserve Banks are US
government institutions They are not... they are private credit monopolies
which prey upon the people of the US. for the benefit of themselves and their
foreign and domestic swindlers, and rich and predatory money lenders. The sack
of the United States by the Fed is the greatest crime in history. Every effort
has been made by the Fed to conceal its powers, but the truth is the Fed has
usurped the government. It controls everything here and it controls all our
foreign relations. It makes and breaks governments at will".

-Congressman Charles McFadden, Chairman, House Banking
and Currency Committee, June 10, 1932

"when you or I write a check there must be sufficient
funds in our account to cover that check, but when the Federal Reserve writes
a check, it is creating money".

-Boston Federal Reserve Bank in a publication titled
"Putting It Simply"

"We make money the old fashioned way. We print
it".

-Art Rolnick, former Chief Economist, Minneapolis
Federal Reserve Bank

"This is a staggering thought. We are completely dependent on
the commercial Banks. Someone has to borrow every dollar we have in
circulation, cash or credit. If the Banks create ample synthetic money we are
prosperous; if not, we starve. We are absolutely without a permanent money
system. When one gets a complete grasp of the picture, the tragic absurdity of
our hopeless position is almost incredible, but there it is. It is the most
important subject intelligent persons can investigate and reflect upon. It is
so important that our present civilization may collapse unless it becomes
widely understood and the defects remedied very soon."

-Robert Hemphill, Credit manager of Federal
Reserve Bank in Atlanta.

"Historically, the United States has been a hard money
country. Only [since 1913] has the United States operated on a fiat money
system. During this period, paper money has depreciated over 87%. During the
preceding 140 year period, the hard currency of the United States had actually
maintained its value. wholesale prices in 1913... were the same as in 1787".

-Kenneth Gerbino, former chairman of the American
Economic Council

"About all a Federal Reserve note can legally do is wipe
out one debt and replace it with itself another debt, a note that promises
nothing. If anything's been paid, the payment occurs only in the minds of the
parties...".

- Tupper Saucy, author of" The Miracle On
Main Street"

"By a continuing process of inflation, governments can
confiscate, secretly and unobserved, an important part of the wealth of their
citizens. 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".

- John Maynard Keynes, economist and author of "The
Economic Consequences Of The Peace"

"Inflation has now been institutionalized at a fairly
constant 5% per year. This has been determined to be the optimum level for
generating the most revenue without causing public alarm. A 5% devaluation
applies, not only to the money earned this year, but to all that is left over
from previous years. At the end of the first year, a dollar is worth 95 cents.
At the end of the second year, the 95 cents is reduced again by 5%, leaving
its worth at 90 cents, and so on. By the time a person has worked 20 years,
the government will have confiscated 64% of every dollar he saved over those
years. By the time he has worked 45 years, the hidden tax will be 90%. The
government will take virtually everything a person saves over a
lifetime".

- G. Edward Griffin, historian and author of
"The Creature From Jekyll Island"

"The real truth of the matter is, and you and I know, that
a financial element in the large centers has owned the government of the US.
since the days of Andrew Jackson. History depicts Andrew Jackson as the last
truly honorable and incorruptible American president".

- President Franklin Delano Roosevelt,
November 23, 1933 in a letter to Colonel Edward Mandell
House

"...our system of credit is concentrated... in the hands of a
few men... a power so organized, so subtle, so watchful, so interlocked, so
complete, so pervasive, that [we had] better not speak above [our] breath when
[we] speak in condemnation of it ... We have come to be ... completely
controlled... by ... small groups of dominant men".

-President Woodrow Wilson

"The Founding Fathers of this great land had no difficulty
whatsoever understanding the agenda of bankers, and they frequently referred
to them and their kind as, quote, 'friends of paper money. They hated the Bank
of England, in particular, and felt that even were we successful in winning
our independence from England and King George, we could never truly be a
nation of freemen, unless we had an honest money system. Through ignorance,
but moreover, because of apathy, a small, but wealthy, clique of power brokers
have robbed us of our Rights and Liberties, and we are being raped of our
wealth. We are paying the price for the near-comatose levels of complacency by
our parents, and only God knows what might become of our children, should we
not work diligently to shake this country from its slumber! Many a nation has
lost its freedom at the end of a gun barrel, but here in America, we just
decided to hand it over voluntarily. Worse yet, we paid for the tyranny and
usurpation out of our own pockets with "voluntary" tax contributions and the
use of a debt-laden fiat currency!".

-Peter Kershaw, author of the 1994 booklet
"Economic Solutions"

Since I entered politics, I have chiefly had men's views confided to me
privately. Some of the biggest men in the U.S., in the field of commerce and
manufacturing, are afraid of somebody, are afraid of something. They know that
there is a power somewhere so organized, so subtle, so watchful, so
interlocked, so complete, so pervasive, that they had better not speak above
their breath when they speak in condemnation of it."

Woodrow Wilson - In his book entitled The New Freedom
(1913)

"The fact is that there is a serious danger of this country becoming a
pluto-democracy; that is, a sham republic with the real government in the
hands of a small clique of enormously wealthy men, who speak through their
money, and whose influence, even today, radiates to every corner of the United
States."

William McAdoo - President Wilson's national campaign
vice-chairman, wrote in Crowded years (1974)

"The powers or financial capitalism had (a) far-reaching aim, nothing
less than to create a world system of financial control in private hands able
to dominate the political system of each country and the economy of the world
as a whole. This system was to be controlled in a feudalist fashion by the
central banks of the world acting in concert, by secret agreements arrived at
in frequent meetings and conferences. The apex of the systems was to be the
Bank for International Settlements in Basel, Switzerland, a private bank owned
and controlled by the world's central banks which were themselves private
corporations. Each central bank...sought to dominate its government by its
ability to control Treasury loans, to manipulate foreign exchanges, to
influence the level of economic activity in the country, and to influence
cooperative politicians by subsequent economic rewards in the business
world."

Prof. Carroll Quigley in his book Tragedy and Hope

"In a small Swiss city sits an international organization so obscure and
secretive....Control of the institution, the Bank for International
Settlements, lies with some of the world's most powerful and least visible
men: the heads of 32 central banks, officials able to shift billions of
dollars and alter the course of economies at the stroke of a
pen."

Keith Bradsher of the New York Times, August 5, 1995

"Banking was conceived in iniquity and was born in sin. The Bankers own
the earth. Take it away from them, but leave them the power to create
deposits, and with the flick of the pen they will create enough deposits to
buy it back again. However, take it away from them, and all the great fortunes
like mine will disappear and they ought to disappear, for this would be a
happier and better world to live in. But, if you wish to remain the slaves of
Bankers and pay the cost of your own slavery, let them continue to create
deposits."

Sir Josiah Stamp - President of the Bank of England in the
1920's, and the second richest man in Britain.

"The Federal Reserve Bank of New York is eager to enter into close
relationship with the Bank for International Settlements....The conclusion is
impossible to escape that the State and Treasury Departments are willing to
pool the banking system of Europe and America, setting up a world financial
power independent of and above the Government of the United States....The
United States under present conditions will be transformed from the most
active of manufacturing nations into a consuming and importing nation with a
balance of trade against it."

Rep. Louis McFadden - (Chairman of the House Committee on Banking
and Currency) quoted in the New York Times (June 1930)

"(The Great Depression resulting from the Stock Market crash) was not
accidental. It was a carefully contrived occurrence....The international
bankers sought to bring about a condition of despair here so they might emerge
as rulers of us all."

Rep. McFadden testified in Congress (1933). There were at least
two attempts on his life by gunfire. He died of suspected poisoning after
attending a banquet.

"The Federal Reserve (Banks) are one of the most corrupt institutions
the world has ever seen. There is not a man within the sound of my voice who
does not know that this Nation is run by the International Bankers."

Rep. Louis McFadden

"Whoever controls the volume of money in any country is absolute master
of all commerce and industry."

President James A. Garfield

"History shows that the money changers have used every form of abuse,
intrigue, deceit and violent means possible to maintain control over
governments by controlling the money and the issuance of it."

President James A. Madison

"Nothing did more to spur the boom in stocks than the decision made by
the New York Federal Reserve bank, in the spring of 1927, to cut the
rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of
this unwise measure, which was taken largely at the behest of Montagu Norman
of the Bank of England....At the time of the Banks action I warned of its
consequences....I felt that sooner or later the market had to
break."

Money baron Bernard Baruch in Baruch: The Public Years
(1960)

"Thus corporations finally claimed the full rights enjoyed by individual
citizens while being exempted from many of the responsibilities and
liabilities of citizenship. Furthermore, in being guaranteed the same right to
free speech as individual citizens, they achieved, in the words of Paul
Hawken, 'precisely what the Bill of Rights was intended to prevent: domination
of public thought and discourse.' The subsequent claim by corporations that
they have the same right as any individual to influence the government in
their own interest pits the individual citizen against the vast financial and
communications resources of the corporation and mocks the constitutional
intent that all citizens have an equal voice in the political debates
surrounding important issues."

David C. Korten, in his book, When Corporations Rule the World

"Give me control over a man's economic actions, and hence over his means
of survival, and except for a few occasional heroes, I'll promise to deliver
to you men who think and write and behave as I want them to."

Benjamine A. Rooge

" The Federal Reserve Bank is nothing but a banking fraud and an
unlawful crime against civilization. Why? Because they "create" the money made
out of nothing, and our Uncle Sap Government issues their "Federal Reserve
Notes" and stamps our Government approval with NO obligation whatever from
these Federal Reserve Banks, Individual Banks or National Banks,
etc.

H.L. Birum, Sr. American Mercury, August 1957, p.
43

"I consider the foundation of the Constitution as laid on this ground
that "all powers not delegated to the United States by the Constitution, nor
prohibited by it to the states, are preserved to the states or to the
people.

" ... To take a single step beyond the boundaries thus specially drawn
around the powers of Congress is to take possession of a boundless field of
power, no longer susceptible of any definition. The incorporation of a bank,
and the powers assumed by this bill (chartering the first Bank of the United
States), have not, been delegated to the United States by the
Constitution."

Thomas Jefferson - in opposition to the chartering of the first
Bank of the United States (1791).

"The money power preys on the nation in times of peace, and conspires
against it in times of adversity. It is more despotic than monarchy, more
insolent than autocracy, more selfish than bureaucracy. It denounces, as
public enemies, all who question its methods or throw light upon its
crimes."

Abraham Lincoln

"Whoever controls the volume of money in any country is absolute master of
all industry and commerce."

President James A. Garfield

These statements were made during hearings of the House Committee on
Banking and Currency, September 30, 1941.

Members of the Federal Reserve Board call themselves "Governors".
Governor Eccles was Chairman of the Federal Reserve Board at the time of these
hearings.

Congressman Patman: "How did you get the money to buy those two
billion dollars worth of Government securities in 1933?"

Governor Eccles: "Out of the right to issue credit
money."

Patman: "And there is nothing behind it, is there, except our
Government's credit?"

Eccles: "That is what our money system is. If there were no debts
in our money system, there wouldn't be any money."

Congressman Fletcher: "Chairman Eccles, when do you think there
is a possibility of returning to a free and open market, instead of this
pegged and artificially controlled financial market we now
have?"

Governor Eccles: "Never, not in your lifetime or
mine."

Statements made during hearings of the House Committee on
Banking and Currency, 1947.

"Mr. Speaker, we are now in Chapter 11... Members of
Congress are official trustees presiding over the greatest reorganization of
any bankrupt entity in world history".

James Trafficant, Congressman, March 17, 1993 in the
Congressional Record

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banking

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