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. Yep, we know that too now …

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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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