Quote – Norm Franz on Gold, Silver and Debt

Norm Franz takes some quality time out to pose for a photo

Norm Franz – Author and great quotation composer

“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves “

  • Norm Franz (Author, 2001)

Norm Franz is an author and concerned about money. He is also concerned about religion and scriptures which are not so applicable to me. But what I can say is that this quote is bang on! It is a masterful quote. It is lifted from his book Money and Wealth in the New Millennium (2001).

A much simpler version of the phrase existed for hundreds (if not thousands) of years before in the form of “Gold is the money of Kings”.

By buying Gold you can start to get out of our debt based monetary system…Before it collapses…Which it only a matter of time now…

I think that says it all.

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Quote – Ayn Rand on Destroyers, Money and Gold

Author, Playwright, novelist, amatuer philosopher, and essayist

Ayn Rand

“Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. This kills all objective standards and delivers men into the arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a check drawn by legal looters upon an account which is not theirs: Watch for the day when it bounces, marked “account overdrawn.” “

  • Ayn Rand (Alisa Zinov’yevna Rosenbaum)

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Quote – JP Morgan on Gold

JP Morgan - Showing uus all that tings don't really change...

JP Morgan himself. Any relation to Cap’n Morgan?

“Gold is Money. Everything Else is Credit”

  • JP Morgan (New York Banker, December 18 and 19 1912)

So there you have it. Straight from the horses mouth.

And what is really interesting here is how this quote came about. This was not some simple quip on the street, or over a glass of wine too many after dinner impressing friends. No Siree!

This my little chums, was delivered straight from the horses mouth to congress when he was being cross-examined by a “special committee” for bank fixing which was going on back then! Or, in their words Appointed for the Purpose of Investigating an Alleged Money Trust in”Wall Street.”

You see back then there was a strong suspicion that the bankers were colluding (Noh say it aint so! Gasp, shock, horror. Not like LIBOR or something?!), and this was called the “Money Trust”. This was before the Federal Reserve, but about the time of the Jekyll Island stuff (see here).

For those interested, I have a transcription of said JP Morgans Testimony right here before the “Bank and Currency Committee of the House of Representatives”. I invite you to notice that Jamey Dimon is much more smug these days (did you know that he is a bubble? So he is not just making the bubbles, he actually is a bubble himself ;.).

Another little bit of bunk – Mr Morgan was almost 75 years young when the Titanic sank. He had his own private suite and promenade deck on the Titanic. He was supposed to join her for her maiden voyage but cancelled last minute, sparing him the fate of many of his other millionaires buddies.

So there you go geezer – “Plus ça change, …” and all that… Things have not changed one bit…

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Quote – Denis Healey on Tax Evasion

Denis-Healey

“The difference between tax avoidance and tax evasion is the thickness of a prison wall”

– Denis Healey (former UK Chancellor of the Exchequer 1974 – 1979)

Tax avoidance is simply clever financial planning, while tax evasion is illegal. Of course, governments would say that wouldn’t they?

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Quote – Keep Clam and Buy Gold

 

Dude - Keep Clam and Buy Gold

RagingGoldenBull_Keep_clam_and_Buy_Gold

Keep Calm and Buy Gold!

Love the Sentiment…Especially as gold prices are sinking (load-up now!). This could be our last great chance to load up on bargain basement priced bullion before prices lift-off (for surely they must)…

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Quote – John Adams on Enslavement

The 2nd president on the United States - John Adams

A wise and learned man from Braintree – that spoke much truth about politics

 

“There are two ways to conquer and enslave a country. One is by the sword. The other is by debt.”

— John Adams

Note: there are claims that John Adams never actually said this. Even so, it is a great quote – wish that I had said it … 😉

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Quote – Voltaire on The Real Value of Paper Money

Voltaire

a sketch of the young Voltaire

Voltaire – A hell of a guy

 

“Paper money eventually returns to its intrinsic value – zero.”

Voltaire believed back in the 1700’s that paper money was worthless – Did he know that the Federal Reserve was coming later down the road of time?

François-Marie Arouet, known by his nom de plume Voltaire, was a French Enlightenment writer, historian and philosopher, and someone who understood that paper money was not really money. We know that too know …

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Quote – Ludwig von Mises on the Final Collapse

Ludwig von Mises

 

Austrian Economist Ludwig von Mises

Austrian School Economist – Ludwig von Mises

 

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved.”

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