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Money as Debt - Revised Edition

disputed information Producer's Comments

• Quotation Sources in order of appearance in the movie:

Money as Debt II - Promises Unleashed

Analysis of Banking Producer's Comments

• Quotation Sources in order of appearance in the movie:

Money as Debt III - Evolution Beyond Money

Producer's Comments

• Quotation Sources in order of appearance in the movie:

My Life with a Monetary Theorist
by Tsiporah Grignon


Movie transcripts

Money as Debt - Revised Edition
TRANSCRIPT (PDF)

Money as Debt II -
Promises Unleashed
TRANSCRIPT (PDF)

Money as Debt III
Evolution Beyond Money
TRANSCRIPT
Part 1 / Part 2 / Part 3 / Part 4


Essays

Is it "Money" or is it "Credit"?
What is the Difference? (4 page PDF)

Where does Money Come From? (1 page PDF)

Analysis of Banking

HOW is Principal Extinguished?

The Confusion About Savings

Twice-lent Money, full animated explanation

Money and Politics:
Incorrect Diagnosis, Wrong Cure

An answer to Claudio Borio's Call for a new explanatory model

My Response to Mike Montagne's Accusations

Interview on Corbett Report

Interview on Unconventional Finance


Sources of Information
Other Monetary Reform Activists

Modern Money Mechanics
by the Federal Reserve Bank of Chicago

American Debt Statistics

Nathan's Economic Edge

Grandfather Economic Report

Prosperity UK

Scottish Monetary Reform

The Cobden Centre

Sustainable Economics

COMER

Perfected Economy

The Truth about Money

Understanding Money

Re-inventing Money

The Nature of Money (Word doc)

Fractional Reserve Parisitism (pdf)

Hidden Mysteries

Hazel Henderson

Claire Foss Journal

Police State Planning


• Political Action

Victory for the World

Money Reform Party UK

Swarm USA

WakeUpAmericans.Org

Canadian Action Party


• Videos, Books

The Money Masters (video)

Web of Debt (book)

The Lost Science of Money (book)

The End of Money (book)

Money Wars (video & web TV)


• Alternatives

American Monetary Institute

Public Central Bank

British Association for Monetary Reform

Solari -Catherine Austin Fitts

Slow Money Movement

Re-inventing Money

Foundation for the Advancement of Monetary Education

Binary Economics

Christian Council for Monetary Justice

Open Money

LETS directory

Community Currencies

Ithaca Hours

Graycliff Financial Corporation

Alternative Financial LLC

6-C Steps for Humanity


• Escaping Debt

No Foreclosures

"We are absolutely without a permanent money system...
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 H. Hemphill, Credit Manager
Federal Reserve Bank of Atlanta, Georgia (1935)
In the foreword to a book by Irving Fisher, entitled 100% Money (1935)


"Each and every time a bank makes a loan (or purchases securities), new bank credit is created — new deposits — brand new money."

Graham F. Towers, Director, Bank of Canada

http://www.michaeljournal.org/appenE.htm


"The process by which banks create money is so simple the mind is repelled."

John Kenneth Galbraith, Economist,
Money, Whence it Came, Where it Went,1975

http://www.johnkennethgalbraith.com/index.php?page=homepage

http://en.wikipedia.org/wiki/John_Kenneth_Galbraith

http://www.brainyquote.com/quotes/authors/j/john_kenneth_galbraith.html


"Permit me to issue and control the money of a nation, and I care not who makes its laws."

Mayer Amschel Rothschild, International Banker

http://en.wikipedia.org/wiki/Rothschild_family

http://www.brainyquote.com/quotes/quotes/m/mayeramsch170274.html


"I am afraid that the ordinary citizen
will not like to be told that banks
can and do create money
...And they who control
the credit of the nation
direct the policy of Governments
and hold in the hollow of their hands
the destiny of the people"

Reginald McKenna,
past Chairman of the Board, Midlands Bank of England

http://www.answers.com/topic/reginald-mckenna


“Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess.”

Irving Fisher, economist and author

http://www.econlib.org/library/Enc/bios/Fisher.html

http://www.findarticles.com/p/articles/mi_m0254/is_1_64/ai_n13798782


“That is what our money system is. If there were no debts in our money system, there wouldn’t be any money.”


Marriner S. Eccles, Chairman and Governor of the Federal Reserve Board

http://en.wikipedia.org/wiki/Marriner_Stoddard_Eccles

http://minneapolisfed.org/pubs/region/99-06/martin.cfm


"Everyone sub-consciously knows banks do not lend money. When you draw on your savings account, the bank doesn't tell you you can't do this because it has lent the money to somebody else."

Mark Mansfield


"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. 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 situation is almost incredible -- but there it is."

Robert Hemphill. Credit Manager, Federal Reserve Bank of Atlanta
In the foreword to a book by Irving Fisher, entitled 100% Money (1935)

http://www.federal-reserve.net/healthemoneysystem.htm

 


 “One thing to realize about our fractional reserve banking system is that, like a child’s game of musical chairs, as long as the music is playing, there are no losers.”

Andrew Gause, Monetary Historian

http://www.andygause.com


“The greatest shortcoming of the human race is our inability to understand the exponential function.”

Albert A. Bartlett, physicist

http://www.hubbertpeak.com/bartlett/


 “Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.”

Kenneth Boulding, economist

http://en.wikipedia.org/wiki/Kenneth_E._Boulding

http://globetrotter.berkeley.edu/conversations/Boulding/kboulding-con0.html


“I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money... I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with the Congress for sitting idly by and permitting such an idiotic system to continue.” 

Congressman Wright Patman

http://en.wikipedia.org/wiki/Wright_Patman


“Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal, that there is no human relation between master and slave.”

Leo (Lev)Tolstoy

http://flag.blackened.net/daver/anarchism/tolstoy

http://en.wikipedia.org/wiki/Leo_Tolstoy


“None are more enslaved than those who falsely believe they are free.”

Goethe

http://en.wikipedia.org/wiki/Goethe

http://www.kirjasto.sci.fi/goethe.htm

http://www.brainyquote.com/quotes/quotes/j/johannwolf134023.html


“’The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented.

 Banking was conceived in iniquity and born in sin. Bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to buy it back again...

Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit’.”

Sir Josiah Stamp Director, Bank of England 1928-1941
(reputed to be the 2nd richest man in Britain at the time)

 Josiah Stamp

http://en.wikipedia.org/wiki/Josiah_Stamp,_1st_Baron_Stamp

http://members.shaw.ca/theultimatescam/index.htm


"Throughout the ages,the devices of cunning men have turned money to their nefarious purposes.

Money, beginning with private enterprise as a means of escaping the limitation of barter, soon developed the cheat to exploit the honest trader who, in an effort to protect himself, turned to government for protection, only to find that now he had two thieves, the private money changer and the political plunderer working hand in glove against him. By this combination the money changer gained the prestige of political sanction through legislative license and the state secured a deceptive device for laying taxes upon the citizenry (by means of the hidden tax called inflation). It was and remains a vicious alliance."

source

E.C. Reigel (1879-1953) monetary theorist & consumer advocate


“All of the perplexities, confusion, and distress in America arises, not from the defects of the 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, Founding Father of the American Constitution

“Whoever controls the volume of money in our country is absolute master of all industry and commerce...and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”

James A. Garfield, assassinated president of the United States


"The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity.”

Abraham  Lincoln, assassinated president of the United States

http://www.themoneymasters.com/the-money-masters/famous-quotations-on-banking/


"Once a nation parts with the control of its currency and credit, it matters not who makes the nations laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognised as its most sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile."

William Lyon Mackenzie King

http://chatna.com/author/kingmackenzie.htm

http://en.wikipedia.org/wiki/William_Lyon_Mackenzie_King


"For more than a century, ideological extremists at either end of the political spectrum have seized upon well-publicized incidents to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions.
Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as "internationalists" and of conspiring with others around the world to build a more integrated global political and economic structure - one world, if you will. If that's the charge, I stand guilty, and I am proud of it."

David Rockefeller, international banker Memoirs (2002) pg. 405


“Only the small secrets need to be protected.
The big ones are kept secret by public incredulity.”

Alternately quoted as:
"Only puny secrets need protection.
Big discoveries are protected by public incredulity."

Marshall McLuhan,  media “guru”

http://en.wikipedia.org/wiki/Marshall_McLuhan

http://www.angelfire.com/ms/MediaLiteracy/McLuhan.html

http://www.kirjasto.sci.fi/mcluhan.htm


Not in the Movie

Misc Quotes on Banking

http://quotes.liberty-tree.ca/quotes_about/banking

http://www.barefootsworld.net/banking-fed-quotes.html

http://www.brainyquote.com/quotes/keywords/banking.html


'The world is governed by very different personages from what is imagined by those who are not behind the scenes.'

Benjamin Disraeli, first Prime Minister of England, in a novel he published in 1844 called Coningsby, the New Generation


'The governments of the present day have to deal not merely with other governments, with emperors, kings and ministers, but also with the secret societies which have everywhere their unscrupulous agents, and can at the last moment upset all the governments plans. '

British Prime Minister Benjamin Disraeli, 1876


"In March, 1915, the J.P. Morgan interests, the steel, shipbuilding, and powder interest, and their subsidiary organizations, got together 12 men high up in the newspaper world and employed them to select the most influential newspapers in the United States and sufficient number of them to control generally the policy of the daily press....They found it was only necessary to purchase the control of 25 of the greatest papers.  An agreement was reached; the policy of the papers was bought, to be paid for by the month; an editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies, and other things of national and international nature considered vital to the interests of the purchasers."

U.S. Congressman Oscar Callaway, 1917


'The real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state and nation. Like the octopus of real life, it operates under cover of a self created screen....At the head of this octopus are the Rockefeller Standard Oil interests and a small group of powerful banking houses generally referred to as international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both political parties.'

New York City Mayor John F. Hylan, 1922


'From the days of Sparticus, Wieskhopf, Karl Marx, Trotsky, Rosa Luxemberg, and Emma Goldman, this world conspiracy has been steadily growing. This conspiracy played a definite recognizable role in the tragedy of the French revolution. It has been the mainspring of every subversive movement during the 19th century. And now at last this band of extraordinary personalities from the underworld of the great cities of Europe and America have gripped the Russian people by the hair of their head and have become the undisputed masters of that enormous empire.'

Winston Churchill, stated to the London Press, in 1922


'The government of the Western nations, whether monarchical or republican, had passed into the invisible hands of a plutocracy, international in power and grasp. It was, I venture to suggest, this semi-occult power which....pushed the mass of the American people into the cauldron of World War I.'

British military historian Major General J.F.C. Fuller, 1941


"For a long time I felt that FDR had developed many thoughts and ideas that were his own to benefit this country, the United States. But, he didn't. Most of his thoughts, his political ammunition, as it were, were carefully manufactured for him in advanced by the Council on Foreign Relations -- One World Money group. Brilliantly, with great gusto, like a fine piece of artillery, he exploded that prepared "ammunition" in the middle of an unsuspecting target, the American people, and thus paid off and returned his internationalist political support.

"The UN is but a long--range, international banking apparatus clearly set up for financial and economic profit by a small group of powerful One--World revolutionaries, hungry for profit and power.

"The depression was the calculated 'shearing' of the public by the World Money powers, triggered by the planned sudden shortage of supply of call money in the New York money market....The One World Government leaders and their ever close bankers have now acquired full control of the money and credit machinery of the U.S. via the creation of the privately owned Federal Reserve Bank."

Curtis Dall, FDR's son-in-law as quoted in his book, My Exploited Father-in-Law


'A definite factor in getting a lie believed is the size of the lie. The broad mass of the people, in the simplicity of their hearts, more easily fall victim to a big lie than to a small one.'

Adolf Hitler


'And it seems to me perfectly in the cards that there will be within the next generation or so a pharmacological method of making people love their servitude, and producing … a kind of painless concentration camp for entire societies, so that people will in fact have their liberties taken away from them but will rather enjoy it, because they will be distracted from any desire to rebel by propaganda, brainwashing, or brainwashing enhanced by pharmacological methods.'

Aldous Huxley, 1959


'I know the secret of making the average American believe anything I want him to. Just let me control television.... You put something on the television and it becomes reality. If the world outside the TV set contradicts the images, people start trying to change the world to make it like the TV set images.....'

Hal Becker, media 'expert' and management consultant, the Futures Group, in an interview in 1981


"Our job is to give people not what they want, but what we decide they ought to have."

Richard Salant, former President of CBS News


"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. The apex of the system was the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the worlds' central banks which were themselves private corporations. The growth of financial capitalism made possible a centralization of world economic control and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups."

Tragedy and Hope: A History of The World in Our Time (Macmillan Company, 1966) Professor Carroll Quigley of Georgetown University, highly esteemed by his former student, former US President, Bill Clinton


"There is a small circle of men who control the world's finance. "Each member, before initiation, knows its religion to be reward for friends and extermination of enemies.

Once a man is within the magic circle...punishment for disloyalty is sure and terrible, and in no corner of the Earth can he escape it, nor can any power on Earth protect him from it.

" The magic circle is "at the receiving end of the greatest information bureau in the world.""

Thomas Lawson, Everybody's Magazine "Frenzied Finance" 1904


"Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. Our minds are molded, our tastes are formed, our ideas suggested, largely by men we have never heard of."

Walter Bernays Propaganda 1928


" I think the subject which will be of most importance politically is mass psychology... Various results will soon be arrived at :that the influence of home is obstructive... although this science will be diligently studied, it will be rigidly confined to the governing class. The populace will not be allowed to know how its convictions were generated. When the technique has been perfected, every government that has been in charge of education for a generation will be able to control its subjects securely without the need of armies or policemen... Educational propaganda, with government help, could achieve this result in a generation.  There are, however, two powerful forces opposed to such a policy: one is religion; the other is nationalism... A scientific world society cannot be stable unless there is a world government."

Bertrand Russell 1958

 


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"If two parties, instead of being a bank and an individual, were an individual and an individual, they could not inflate the circulating medium by a loan transaction, for the simple reason that the lender could not lend what he didn't have, as banks can do....

Only commercial banks and trust companies can lend money that they manufacture by lending it."

~Professor Irving Fisher, economist in his book 100% Money (1935)


“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.”

John Kenneth Galbraith , economist, author, Money: Whence it came, where it went - 1975, p15


"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."

Lord Acton (1834-1902) English historian

http://quotes.liberty-tree.ca/quotes_by/lord+acton

http://quotes.liberty-tree.ca/quote_blog/Acton.Quote.B723


"Commercial banks create checkbook money whenever they grant a loan, simply by adding new deposit dollars in accounts on their books in exchange for a borrower’s IOU.

http://en.wikiquote.org/wiki/Banking

"Banks lend by creating credit. They create the means of payment out of nothing."

Ralph M. Hawtrey, former Secretary of the British Treasury

http://quotes.liberty-tree.ca/quote/ralph_hawtrey_quote_6a01


"The decrease in purchasing power incurred by holders of money due to inflation imparts gains to the issuers of money.”

St. Louis Federal Reserve Bank, Review, Nov. 1975, p.22

http://www.fame.org/NotableQuotes.asp


“The entire world economy rests on the consumer; if he ever stops spending money he doesn't have on things he doesn't need -- we're done for."

Bill Bonner, author, publisher and columnist on economics and money

http://quotes.liberty-tree.ca/quotes_by/bill+bonner

http://www.lewrockwell.com/bonner/bonner71.html


"With the monetary system we have now, the careful saving of a lifetime can be wiped out in an eyeblink.”

Larry Parks, Executive Director,
The Foundation for the Advancement of Monetary Education (FAME)

http://www.fame.org/


"When a government is dependent upon bankers for money,
they and not the leaders of the government control the situation,
since the hand that gives is above the hand that takes.

Money has no motherland; financiers are without patriotism
and without decency; their sole object is gain."

Napoleon Bonaparte

http://quotes.liberty-tree.ca/quote/napoleon_bonaparte_quote_0d4b

http://en.wikiquote.org/wiki/Napoleon_I_of_France

http://www.opednews.com/articles/The-Economy-From-Soros-an-by-Cynthia-McKinney-090420-68.html


"I wouldn't go to war again as I have done to protect some lousy investment of the bankers. There are only two things we should fight for. One is the defense of our homes and the other is the Bill of Rights.

War for any other reason is simply a racket."

Major General Smedley Darlington Butler USA (1881-1940) from a speech in 1933

http://quotes.liberty-tree.ca/quote/smedley_butler_quote_5403

http://www.williambowles.info/guests/marines.html


"There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth.

Our money system is nothing better than a confidence trick...

The "money power" which has been able to overshadow ostensibly responsible government is not the power of the merely ultra-rich but is nothing more or less than a new technique to destroy money by adding and withdrawing figures in bank ledgers, without the slightest concern for the interests of the community or the real role money ought to perform therein...

to allow it to become a source of revenue to private issuer's is to create, first, a secret and illicit arm of government and, last, a rival power strong enough to ultimately overthrow all other forms of government.

...An honest money system is the only alternative."

Dr. Frederick Soddy, Nobelist
author of Wealth, Virtual Wealth & Debt

http://nobelprize.org/nobel_prizes/chemistry/laureates/1921/soddy-bio.html


"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it."

Frederic Bastiat, 1801-1850, political economist, author The Law

http://quotes.liberty-tree.ca/quotes_by/frederic+bastiat


"The entire taxing and monetary systems are hereby placed under the U.C.C. (Uniform Commercial Code)"

US Federal Tax Lien Act of 1966

http://en.wikiquote.org/wiki/Federal_Reserve

http://www.barefootsworld.net/banking-fed-quotes.html


“The bank hath benefit of interest on all moneys which it creates out of nothing.”

William Paterson, founder of the Bank of England, c1694.

http://www.overlordsofchaos.com/html/gold___money_7__bank_of_englan.html


“Banking doesn’t involve fraud, banking IS fraud.”

Tim Madden, monetary historian & consumer advocate

from video by Paul Grignon done for United Financial Consumers (2002)



"Money does not pay for anything, never has, never will.  It is an economic axiom as old as the hills that goods and services can be paid for only with goods and services."

Albert Jay Nock, Memoirs of a Superfluous Man, 1943

http://mises.org/story/2577



"Only when the last tree has died and the last river has been poisoned and the last fish been caught will we realize we cannot eat money."

Cree Indian Proverb, unsourced , probably made up by some T-shirt designer but does it matter?


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When the people of the world have a common monetary language, completely freed from every government, it will so facilitate and stabilize exchange that peace and prosperity will ensue even without world government.


A union of peoples rather than a union of political governments is what this world needs.

~ E.C. Riegel, monetary theorist, The New Approach to Freedom 1949


Neither a borrower nor a lender be.

~William Shakespeare, Hamlet


“Money is the Measure by which Goods are Valued,
the Value by which goods are Exchanged,
and in which Contracts are made payable.

Every thing receives a Value from its use,
and the Value is raised, according to its
Quality, Quantity and Demand.

Money is not the Value for which Goods are exchanged,
but the Value by which they are Exchanged”

~John Law, political economist, 1705

http://www.religiondispatches.org/archive/politics/749/


“ We cannot solve our problems with the same thinking we used when we created them.”

~ Albert Einstein

http://www.einsteinyear.org/facts/physicsFacts/


“I am enough of an artist to draw freely upon my imagination. Imagination is more important than knowledge. Knowledge is limited. Imagination circles the world.”

~ Albert Einstein

http://www.einsteinyear.org/facts/physicsFacts/


The equal right of all men to the use of land is as clear as their equal right to breathe the air--it is a right proclaimed by the fact of their existence. For we cannot suppose that some men have a right to be in this world, and others no right.

~ Henry George Progress and Poverty (bk. VII, ch. I)

As long as we cling to the superstition that we must look to government
for money supply, instead of requiring it to look to us, just so long must we remain the subjects of government, and it is vain to follow this or that policy or party or ism in the hope of salvation.

We can control government and our own destiny only through our money power and until we exert that power it is useless for us to debate the pros and cons of political programs.

~ E.C. Riegel The Surprise Weapon, Private Enterprise Money, 1944


COMMUNISM
Money plays the largest part in determining the course of history

- Karl Marx, Communist Manifesto 1848

COMMUNISM
5th Plank :
"Centralization of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly."

~ Karl Marx, Communist Manifesto 1848


CAPITALISM
from Tragedy & Hope 1966 pg 324 by Professor Carroll Quigley (1910-1977)
• Professor of History at Georgetown University
• member of the Council on Foreign Relations (CFR)
• mentor to Bill Clinton

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 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.


Only a revolution in the mind of the individual is needed to accomplish the greatest stroke for freedom of all time.

It is a remarkable fact that no constitution of any state, nor any declaration of human rights, has ever proclaimed the right of freedom of money issue. Yet this right is inseparable from the right of bargain or exchange, which is the very foundation of liberty.

Man's ignorance of the laws of money has blinded him to the very touchstone of freedom.You are indeed sovereign, if you but realize that your money power is your sovereign power.

You need no political laws to liberate your power for prosperity and peace; you are the master of your fate by natural law, if you but discover that law.

As you scan the world scene with all its miseries, its drab outlook, the discouraging prospect of a solution for humanity's problems by political means, and the remoteness from you of the capitols through which promised salvation is desperately hoped for,you are saddened by a sense of frustration.

But if you realize that the citadel of power is your own home and that yours is the majesty and sovereignty, sadness will be dispelled by gladness. To bring this transformation, you must comprehend the power of money and that you are the money power.

~ E.C. Riegel, monetary theorist, The New Approach to Freedom 1949


To trade goods and services is a natural right of all people.

To issue the money necessary to make these exchanges is also the natural right of all people who are intelligent enough to do so.

We need not beg for money. We do not need to be money slaves: we can be money masters.

~ E.C Riegel

http://www.newapproachtofreedom.info/


In nature's economy the currency is not money ... it is life. 

~ Vandana Shiva environmental activist,
author Earth Democracy: Justice, Sustainability and Peace 2005


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