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Most Americans have no real understanding of the operation of the international moneylenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States.
Barry Goldwater - Federal Reserve

The gang that trashed the town was now back in town to trash it even more and you'll never guess.. they decided that the only way to save an economy brought to its knees by their collective actions and the banking system they represent was to, well, no, surely not.. hand trillions of taxpayer-borrowed dollars to the Rothschild-controlled banks and insurance companies like CitiGroup, J. P. Morgan, AIG and a long list of others.
David Icke - Federal Reserve - Banks - Government - Collapse - Rothschild - Economy - Insurance - Taxes

Almost everybody I know who has any kind of financial savvy or experience is terrified by the consequences of never-ending massive deficits, which are being paid for generally by the Federal Reserve purchasing Treasury bonds.
David Koch - Deficit - Debt - Federal Reserve - Finance

Republican leaders have made clear they have no plans to use the power of government to stimulate the economy, invest in job creation and spur job growth. The Fed’s plan is to give banks more money to finance the private sector job creation. But banks have ample cash now; they aren’t lending, and the private sector is not creating the jobs. That is why we have 15 million people unemployed.
Dennis Kucinich - Republican - Government - Economic - Jobs - Banks - Unemployment - Money - Federal Reserve


The financial system has been turned over to the Federal Reserve Board. The board administers the finance system by authority of a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money.
Charles A. Lindberg

We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board.. This evil institution has impoverished.. the people of the United States.. and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.
Louis T. McFadden

The Federal Reserve and Congress have systematically taught the American people to trust the government and that caution in spending is harmful to the economy.
Ron Paul - Federal Reserve - American - Government - Trust - Spending - Economy - Congress

First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we'd be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value. (Ron Paul talking about why the Federal Reserve shouldn't exist)
Ron Paul - Federal Reserve - Economy - Money - Secretive - Value - Constitution - Illegal - Counterfeit - Destructive

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.
Ron Paul - Federal Reserve - Economy - Money - Depression - Stagflation - Policy - Boom - Bust - Recession - Bubble

The Fed has one power that is unique to it alone: it enables the creation of money out of thin air. Sometimes it makes vast new amounts. Sometimes it makes lesser amounts. The money takes a variety of forms and enters the system in various ways. And the Fed does this through techniques such as open-market operations, changing reserve ratios, and manipulating interest rates, operations that all result in money creation.
Ron Paul - Fed - Money - Dollar - Power - Interest Rates

We are talking about an awesome power. It is the power to weave illusions that appear real as long as they last. That is the very core of the Fed's power.
Of course not everyone is instinctively against this illusion-weaving power, and many even welcome it. Tragically, the innocent who understand little about the complexity of the monetary system suffer the most, while those who are in the know reap great profit whether the market is going up or down.
Ron Paul - Federal Reserve - Economy - Money - Power - Monetary Policy - Profits - Illusion

What's happening is, there's transfer of wealth from the poor and the middle class to the wealthy. This comes about because of the monetary system that we have. When y
ou inflate a currency or destroy a currency, the middle class gets wiped out. So the people who get to use the money first which is created by the Federal Reserve system benefit. So the money gravitates to the banks and to Wall Street. That's why you have more billionaires than ever before.
Ron Paul - Federal Reserve - Economy - Money - Banks - Currency - Wealth - Middle Class - Poor - Inflation - Billionaire - Wall Street

As bank customers, we tend to believe that we can have both perfect security for our money, drawing on it whenever we want and never expecting it not to be there, while still earning a regular rate of return. In a true free market, however, there tends to be a tradeoff: you can enjoy a money warehouse or you can hope for a return on your investment. You can't usually have both. The Fed, however, by backing up this fractional-reserve system with a promise of endless bailouts and money creation, attempts to keep the illusion going.
Ron Paul - Federal Reserve - Banks - Money - Customers - Free Market - Investment - Illusion

Capitalism should not be condemned, since we haven’t had capitalism. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It’s not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare. This is not capitalism!
Ron Paul - Federal Reserve - Government - Military Industrial Complex - Economy - Banks - Welfare - Monetary Policy - Capitalism - Fiat Money - Interest Rates - Protectionism - Taxes - Investment - Farming - Education - Insurance


Unlike the days of the gold standard, it is impossible for the Federal Reserve to go bankrupt; it holds the legal monopoly of counterfeiting (of creating money out of thin air) in the entire country.
Murray Rothbard - Fraud - Gold -
Federal Reserve - Bankrupt - Money - Monopoly

Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.
Murray Rothbard - Fraud - Inflation -
America - Federal Reserve - Money - Banks - Central Bank - Fiat Money

At the base of the Fed pyramid, and therefore of the bank system's creation of "money" in the sense of deposits, is the Fed's power to print legal tender money. But the Fed tries its best not to print cash but rather to "print" or create demand deposits, checking deposits, out of thin air, since its demand deposits constitute the reserves on top of which the commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."
Murray Rothbard - Federal Reserve - Central Bank -
Money - Banks - Power - Fiat Money

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