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LIBERTY DOLLAR
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THE FEDERAL RESERVE
The Federal Reserve is not federal... and other facts

MONEY QUOTES
What do others have to say?

INFLATION CALCULATOR

• February 16, 2007: Excellant commentary by Matthew Pitagora, Liberty Dollar of San Jose, on the new U.S. Mint Presidential $1 coin.

• "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation...Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights." - Alan Greenspan - The Objectivist, July 1966

• "Give me control over a nation's currency and I care not who makes its laws." - Baron M.A. Rothschild (1744-1812)

• "Government is the only agency that can take a valuable commodity like paper, slap some ink on it, and make it worthless." - Ludwig von Mises

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

• "When the people own the money - they control the government. When the government owns the money - it controls the people." - Bernard's Law, Bernard von NotHaus, Monetary Architect of the Liberty Dollar

• "What is distressing about the Federal Reserve is you have a group of bankers that control whether interest rates go up and down. They (Fed members) are private citizens, yet they wield the power of government. So you can certainly make the argument that this is an improper delegation of government power to private citizens." - Larry Elison, Law Professor Emeritus, University of Montana

• "There is no law that says goods and services must be paid for with Federal Reserve notes. Parties entering into a transaction can establish any medium of exchange that is agreed upon." - Andrew Williams, U.S. Federal Reserve

• "The only thing necessary for the triumph of evil is for good men to do nothing." -
  Edmund Burke

• "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

• "Wisdom begins by calling things by their right names." - Ancient Chinese proverb

• "Federal Reserve Tokens are like the 'green stamp' premiums of the 1950s, except that when you turn these green stamps in, all you get are more green stamps." - Mobley Milam, former assistant U.S. Attorney in San Diego, quoted by James Ewart, author of Money - Ye shall have honest weights and measures

• "The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists." - Ernest Hemingway

• "Any government action that purports to prohibit an American citizen from using a piece of gold or silver (or, for that matter, anything) in voluntary barter transactions between consulting adults is preposterous, antagonistic to a free market, and totally without legal merit." - Bernard's Second Law of Money, Bernard von NotHaus, Monetary Architect of the Liberty Dollar

• "...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 can diagnose" — John Maynard Keynes

• "The central bank system is the greatest scam ever perpetrated on an ignorant public. The eternal enemy of every central bank is... Gold" — Richard Russell

• Marriner Eccles, Governor of the Federal Reserve System, testified before the House Committee on Banking and Currency, September 30, 1941. The purpose of the hearing was to obtain information regarding the role of the Federal Reserve in creating conditions that led to the depression of the 1930s. Congressman Wright Patman, Chairman of that committee, asked how the Fed got the money to purchase two billion dollars worth of government bonds in 1933. This is the exchange that followed.

  ECCLES: We created it.
  PATMAN: Out of what?
  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.- The Creature from Jekyll Island, page 188, by G. Edward Griffin

• Patrick Henry against the Federal Constitution June 5, 1788 "The first thing I have at heart is American liberty; the second thing is American union."

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