Important Fed Quotes
A Collection of Fed Quotes. Do You Know That the Federal Reserve is a Private Corporation That is Draining the Economic Resources From America to Enrich Elite Global Bankers?
“A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated.
“The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.”
– Woodrow Wilson
“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
“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
“… [the 16th Amendment] conferred no new power of taxation… [and]… prohibited the… power of income taxation possessed by Congress from the beginning from being taken out of the category of indirect taxation to which it inherently belonged.”
– United States Supreme Court
“Mr. Speaker, in 1848, Karl Marx said, a progressive income tax is needed to transfer wealth and power to the state.
“Thus, Marx’s Communist Manifesto had as its major economic tenet a progressive income tax.
“Think about it, 1848 Karl Marx, Communism…. I say it is time to replace the progressive income tax with a national retail sales tax, and it is time to abolish the IRS, my colleagues.
“I yield back all the rules, regulations, fear, and intimidation of our current system.”
– James A. Traficant, Jr
“The few who could understand the system will either be so interested in its profits, or so dependent on its favours, 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 advantage 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
“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
“I am afraid that the ordinary citizen will not like to be told that the banks can and do create and destroy money.
“And they who control the credit of a nation direct the policy of governments, and hold in the hollow of their hands the destiny of the people.”
– Richard McKenna
“The powers of financial capitalism had another 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 private meetings and conferences.”
– Carroll Quigley
“In 1883, 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