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"To
the victory of the Light in God-government and the economy, I
am pledged."—El
Morya
"We must press on for the gold standard, for the withdrawal of the Nephilim manipulation of the world economies."—Saint Germain “The abundant life of Jesus Christ is not based on Keynesian economics. It’s not based on banks charging enormous interest rates on credit cards or anything else they can get away with. Everywhere we look we see the manipulation of the little people —the farmers and the shopkeepers and the working people—by the power elite.” —Elizabeth C. Prophet, October 14, 1991 “ . . . a break in the economy itself is the precursor to war and the sign and signal of it.”—El Morya, November 13, 1988 "Something funny is happening down at the bank . . . " —Jimmy Stewart in 'It's a Wonderful Life' "I am a most unhappy man. I have unwittingly ruined my country. A great industrial Nation is controlled by a system of credit. Our system of credit is concentrated. The growth of the Nation, therefore, and all its activities are in the hands of a few men. We have come to be the worse ruled, one of the most completely controlled and dominated Governments in the world —no longer a Government of free opinion, no longer a Government by conviction and vote by the majority, but the government by the opinion and duress of small groups of dominant men."—Woodraw Wilson "The common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality." —economist Ludwig von Mises (1881-1973) "Permit me to issue and control the money of a nation, and I care not who makes the laws."—Meyer Amschel Rothschild "The government solution to any problem is usually at least as bad as the problem." —Milton Friedman "A government that robs Peter to pay Paul can always depend upon the support of Paul."—George Bernard Shaw "The only difference between a tax man and a taxidermist is that the taxidermist leaves the skin."—Mark Twain "If you want to feel rich, just count up all the things you have that money can't buy."—Daniel Webster Will Rogers said in the Great Depression, "America is the first nation to go to the poorhouse in an automobile." "My dog is worried about the economy because Alpo is up to $3.00 a can. That's almost $21.00 in dog money."—Joe Weinstein |
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What would we have to do 1. to eliminate the Federal Reserve and 2. what would our country do without it? Answer: 1. America will go bankrupt nationally
under the careful, 2. Very well indeed. |
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The
Grinchspan Song
(with apologies to Dr. Seuss) You're a sly one, Mr. G. You're a rotter, Mr. G. You're as charming as an attack
dog, Mr. G. |
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" . . . Each moment out of alignment
is a moment of alienation. And it is one moment too long for your
self-indulgence in something other than the great God-victory
of your soul! Realize then how vulnerable is this nation to the
takeover of the forces unseen of world communism. Realize it as
you look abroad in the land and find so few who maintain this
flame. |
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"More than the human mind, more than
human solutions, there is a need for the drenching of this economy
and every part of it—every single individual who is a part
of the working force of America —a drenching with the light
of Helios and Vesta." |
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" . . . May I suggest that, to begin with, honest and responsible leadership by noble hearts be seen as the necessary fulcrum. A part of the problem as we see it is that those who are in the position to pull the purse strings of America are often those with a vested self-interest who lack the spherical vision of a very complex problem whose solution would be forthcoming out of a profound understanding of the simple truths and basic principles which are the foundation of the law of the abundant life and of the sacred labor. "The system of political parties and frequent elections, though designed to preserve democracy in a republican, representative, form of government, makes severe demands upon those seeking office. In order to be elected, they must secure the popular vote. Inasmuch as the control of inflation and the cutting back of government spending must affect vast segments of the people adversely, it is never a popular cause for politicians to preach the real cure for inflation, which is the sacrifice of immediate gain, inordinate profits, and even the life of leisure for the long-term gain of prosperity and the sound management of the nation’s government and business based upon the realities of the money supply and the resources at hand. Thus those seeking election are unwilling to place before an uneducated populace the gravity of the issue or the consequences upon all of the people of the real solutions. "This generation of Americans and their prosperity is built upon the credit system. The increase of the money supply has created an unreal concept of the abundant life. While some have become millionaires through inflation, others have been robbed of the fruits of their sacred labor. Thus the synthetic self has built its synthetic economic system, and the illusion of a materialism without God and of mechanization without the presence of the Holy Spirit has produced a wholly unreal consciousness of the abundant life. "The surfeiting of the people in consumer products bought with unsound money unbacked by a gold standard has produced a profound insecurity in the American people, a subconscious resistance to take the responsibilities of living and working together in the cosmic honor flame to produce the abundant life that is the only true foundation for a golden-age civilization. Though it is unnatural to the children of the light to expect something for nothing, to expect others to pay their way and to indulge in surfeiting in nonessentials, this has become the mark not only of Western civilization but also of those in the Communist bloc nations and in the underdeveloped countries. "Materialism is a disease which is as debilitating to the human spirit as is that of Communism. Both of these products of the minds of the manipulators have affected millions of lightbearers, and their acceptance of the philosophy of the Serpent has left them in a euphoric nightmare. Their psychic peace, the product of their psychological separation from the I AM Presence, has left them nonthreatened in an era when all around them, permeating the economic crisis of the decade, are the most threatening conditions to the human spirit which have ever existed in modern history. "Those who sleep on in their nonthreatened state of unawareness are the greatest enemies of the people and of the outcome of the destiny of the United States. These perpetuators of the false peace who preach their 'all is well' doctrine while applying a few Band-Aids to the gaping wounds of the nation’s economy are the false pastors who must be replaced in this urgent hour of world need by true shepherds who will have a humility to apply themselves first to God and God’s laws and then to a new science of economics that is neither Marxist nor Keynesian but rather Christic in its orientation. "Inasmuch as all laws of economics proceed out of the sacred labor of the heart, the head, and the hand of the people themselves through their interaction with the Holy Spirit and their integration with the personal God of Israel, I am summoning as my disciples in the field of economics the fishermen, the farmers, the workingmen and women of America, the laborers —those who are the pillars of a great society that can yet be realized if they will put their hands to the plow of the Great Plowman and have respect for the Ox who treadeth out the corn even as He bears the burden of the karma of the world economy. "Let those who are still tethered to the reality of the sweat of the brow and the work of the hands, those whose minds have not been taken over by intellectual theories that have no relevance to the heart or to the practicalities of life come forward then and begin anew an in-depth probe of the history and the law of cycles which have governed the economic policies and the consequent rise and fall of nations. Meanwhile, let those who have made certain philosophies of economics their religion and their proponents their gods be deprogrammed from the synthetic self with its synthetic systems that have never worked and never will work, except to destroy those who espouse them. "Let us proceed from the empirical method. Let us disallow what has not worked and let us allow what does work. Communism is the dream of the fallen ones who would escape the consequences of their karma and of their neglect to integrate with the source of all life and abundance. It is not viable because it is inconsistent with cosmic law which operates independently of men’s theories or their mockeries of divine justice. "The manipulation of the free market and the free governments of nations through monopoly capitalism or corporate socialism will not work. It destroys individual creativity and snuffs out the fires of hope that ever rest in the heart of the individual as the desire to be self-sustaining in God. What will work? Well, I say, that remains for you to discover. But I will tell you this—it begins with the fundamental principle: Whatsoever a man soweth, that shall he also reap; and its corollary: Whatsoever a man soweth not, that shall he not reap. "There are too many people in every walk of life who still want something for nothing and they are willing to espouse any economic philosophy that will deliver to them immediate pleasures and material prosperity. These are not noble hearts but they whose names go down in history as the ignoble and as the destroyers of the abundant life of the soul. "Let the government and the people learn to live within their means, and let the real value of goods and services be based upon the theory and the altogether practical application of the law of the sacred labor* performed to the glory of God who is resident within his humanity. "Let the value of life rest upon a gold standard that comes from the golden rule, which is the principle of the divine economy—do unto others as you would have them do unto you. This golden rule is applied to the gold of the heart, the golden wisdom that serves the needs of the community through love—applied love that becomes compassion, charity, and the sharing of the joys of the abundant life with those who entertain the impoverished sense. "If you ask me why the economy of America is in such a disastrous state, I will tell you that it is because not enough people care for God or for one another. They see solutions only in terms of more money and more government control and the regulation of life. But without heart or attunement with the threefold flame of Life that is the spark of each one’s divinity, the light of God does not flow to meet the needs of the people. " . . . Take this mantra then, my noble of heart, and alternate it with that old-time favorite to Helios and Vesta, to the sun center of the flow of the abundant life, and let us see what we can still do to stave off impending destruction. "There are some economists in America who have seen the dangers for years. They wonder why the collapse has not already occurred. I will tell you, my beloved. A little violet flame goes a long, long way. Legions of light multiply your calls to the violet flame hour by hour and apply the sacred alchemy of the law of transmutation to the problems of the economy . . .
The New Day "Helios and Vesta! |
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"The people of this civilization have misused God's Light—the oil and the wine—that has been given to them by bartering for men's souls as if they were commodities. They have misused the oil of the Mother and the wine of the Father in every area of life. Therefore these shall be taken from them. The people of this planet have pinned their hopes and their civilization on a banking establishment and a power elite that shall not stand! And the Darkness that they have created shall return one-thousandfold to haunt them. That is the Word of the Lord God spoken to me on February 22, 1989." |
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" . . . we are counting upon every Keeper of the Flame to make the call to be one with the heart of this messenger. In this state you may call that her heart might be superimposed upon your heart and that the Guru/chela relationship no longer be twain but one-one in Spirit, one in the flesh, one in heart and mind." Bind the human ego! |
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"And it is the saints who are called in these latter days to defeat these beasts by the omnipotence and the omniscience of God embodied by the mighty angel. For now is the hour when he takes dominion over the earth and over the sea on the west gate of the city, revealing the balance of Reality and Equilibrium in the scales of cosmic justice. Thus they who are called to Saint Germain’s Mission Amethyst Jewel go forth two by two in the omnipotence and the omniscience of the living Christ, and they accept the calling to be like him and to be with him omnipresent in the fullness of my Love in the reenactment of the initiations recorded in the four Gospels. "Come what may, they accept the challenge;
and therefore they are ready to sit at the feet of the two witnesses,
to hear the prophecy of God through them, and to run with it until
the earth is filled with the knowledge of the Lord, the I AM THAT
I AM, as the waters cover the sea. This is the gospel that will
be preached by the servants of the Lamb when, in the fullness
of their time that is come, and in the space of the cycles of
the seventh age, God sends forth the Spirit of his Son into their
hearts, the living Manchild born of the Woman." |
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"I have seen evolutions and lifewaves overcome by this example and I have seen the lethargy that is abroad in America whereby those who once loved work as a virtue of the Holy Spirit have been overcome by a momentum of anti-work. This is Antichrist and anti-Holy Spirit. It is anti- God, for it successfully blocks the manifestation of the Trinity. "Thus, the very nation that ought to be the fullness of the expression of the threefold flame requires more and more manufactured money to be pumped into the economy instead of pumping the joy, wisdom and love of the threefold flame into the economy. "You see, paper money creating jobs
that do not need to be created is not the solution to the flow
of cosmic energy and abundance within the nations. Nay, it is
the core of life, the threefold flame that comes first in those
who are the restless ones and who become the ones who rest in
perpetual motion." |
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"See how the handiwork then draws forth energies of God that are necessary for the evolution of the soul. And when souls are cut off from this interaction with their own inner being—then the rebellion sets in, then the ingratitude, then the demand for more and more freedom and money from the parents, then the getting into the drugs. Too much time and space and the absence of Gurus in the midst thereof to teach them the way of self-perfectionment through love. " . . . Blessed hearts,
the free enterprise system—the ability to enter into competition
and to bring forth the highest work—has been destroyed by
the monopolies of the fallen ones, by their interference with
government controls against these monopolies." |
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"Beloved ones, civilization itself is held upon the tenuous thread of the ability of the individual to sustain the contact with the inner light, for those in embodiment who hold the reins of power in these areas of service do not have the actual attainment to meet the opposition that is leveled against those strongholds that are the service of the people. "Beloved ones, the second line of attack that is so serious against the lightbearers of every nation is the manipulation of karma, world karma, by the fallen ones in weather conditions and in cataclysm. Some of these fallen ones are in embodiment and some of them have learned to manipulate weather; others are in the astral plane who are misusing that energy that has already been misqualified by mankind. And thus elemental life are the victims of the practice of black magic, sorcery, and witchcraft by those demons who are the impostors of the hierarchy of the Holy Spirit. "Understand, then, that between the
attack upon the economy and of the balance of forces in nature,
this is the line which you must hold, this is where light must
be placed, this is where electrodes must be actually inserted
by your conscious calls in the etheric, mental, emotional, and
physical belts of the earth." |
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"It only takes 14 hours for the take-over of any nation upon earth. Will the banks be open? Will you have time to cash in your checks and bonds and convert your funds? Will the paper upon which your money is printed be worth more than the value of the paper itself? I think not. I am concerned then for your purse as well as for your person. "What is the standard of value in
the Ascended Master octave? It is Gold, liquid light from the
heart of the Sun. And therefore I say exchange your paper for
the coin of heaven's realm—gold
itself—while there is yet time.
For gold will never lose its value and silver is an adequate substitute
where gold cannot be secured. To withdraw your funds is wise.
To keep within your own possession all that is required at the
hour of crisis or of the take-over of the consciousness of the
people will enable you to divorce yourself from civilization if
necessary without ties and without loss." |
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"Blessed hearts, the fallen ones, through the international bankers, the economists, and those who control the monies of this government, have already invested and placed the funds of the light-bearers and the people of America in unwise situations, such as in the international loans through the international bank. And therefore understand that, in this case, the supply of the American people is in areas of the world where, in the event of certain eventualities of world karma, in the event of the precipitation of the cutting-off of the return current of that investment, the American people would stand to lose billions of dollars that have been siphoned from them. "You see, then, the vulnerability and you understand the point of attack of the sinister force! Now I am demanding of you, especially you who come to our retreat at Banff and understand yourselves as a part of the mighty legions of light of my armies, that you must study the earth. Study the nations, study the governments, and make yourselves a list of the points of vulnerability. For where there is vulnerability and the greatest vulnerability, there will be the first strike. "Is it with the labor unions? Is it with labor and management? Is it in the large corporations of America? Is it with the farmers? " . . . My legions of light now concentrate
on the securing and the protection of certain points of energy
in this nation that must be held and must be protected. Industry
itself must be protected. The relationship of labor and management
must be protected and purged of all Communist infiltration, Mafia
manipulation, and all other deception and greed. The foundation
of the money system, the banking houses, the Congressional committees
involved in these must be protected, and enlightenment must go
forth. And there must be an I-AM-the-Guard consciousness." |
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"Thus, there is a tide in the cycles, the sine wave of being, and you must mark those points of the peaks and the lows. You must understand there are economic cycles, though they are denied. There are waves that are predictable in all areas of existence because they line up with the cycles of karma which have been observed and plotted on graphs by those who were inspired by us to warn humanity of the hundred-year cycles and more. "Therefore, you are experiencing cycles. Do not count, then, on another day as an opportunity. When you have the maximum attunement and Light, it is time to capitalize on it. It is a good investment that will bear fruit from your causal body. At the moment that you have the greatest Light to invest yourself in the greatest Word and Work for God, it is like being on a giant roller coaster. "When you have the momentum behind
you and the wind in your sails, I say, make the most of it. For
the hour comes when you will harvest that which you sow and you
will be on the receiving |
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| "The United States abdicated her responsibility to provide the abundant life when she went off the gold standard. This happened in stages. On April 5, 1938, President Roosevelt declared a national emergency and said he was depriving American citizens of the right to own gold and use it as a medium of exchange. This is the most hellish and damnable act ever perpetrated against the people of this nation! And they don’t even know it! "President Nixon took the final step on August 15, 1971, when he suspended the convertibility of the dollar for gold internationally. We were then fully on the paper standard. In recent years, important steps have been taken towards remonetizing gold. Legislation passed in December 1974 allowed American citizens to own gold. Gold clause contracts, not covered in this legislation, were made legal as of October 28, 1977. And, on December 17, 1985, President Reagan signed the Gold Bullion Coin Act which required the U.S. Treasury to mint and sell gold coins which have limited legal tender status. But other steps must be taken before gold circulates as legal tender in the U.S. economy. Essentially, we are still on the paper standard. "This is a violation of the spirit and the letter of Article I, Section 10 of the Constitution, which says, 'No State Shall . . . make any Thing but gold and silver Coin a Tender in Payment of Debts.' "The framers intended Congress to use gold and silver coin as money even though they did not explicitly state that Article I, Section 10 applied to the federal government. This can be demonstrated by the statements of a number of the framers, a text analysis of the Constitution and by Supreme Court decisions. The Founding Fathers’ intent is also seen in the actions of the First Congress, which in 1792 created a monetary system based on gold and silver. "At the time the Constitution was being framed, the nation was in the midst of a terrible inflation caused by the expansion of the Continental, a paper currency. During the debate over the wording of Article I, Section 10, Roger Sherman, a delegate to the Constitutional Convention, said he thought this 'a favorable crisis for crushing paper money.' Thomas Jefferson and John Adams both wrote about the evils of paper money. "But, contrary to the framers’ intent, bankers plotted to control the currency. They began, as we saw in Part 1, at Jekyll Island in November 1910. The Federal Reserve Act which they designed gave the banking community control of the nation’s money in violation of Article I, Section 8 of the Constitution, which gives to Congress the power 'to coin money' and 'regulate the value thereof.' "Now the Federal Reserve system (the Fed), serving the interests of the banking community, exercises the unilateral right to expand and contract the supply of money and credit and create periods of boom and bust. The ramifications of this state of affairs are almost beyond calculation. Today we could have a financial collapse worse than the Great Depression of the 1930s. And we know that the power elite used the depression to concentrate power in the central government. Doubtless they would like to do the same in the future. "If we have another depression, it will
be America’s own karma because we the people have turned
over our power and our abundant life to the godless dominant minority,
the same Watchers, this time coming in the guise of the bankers
and their elite rulership over the "In turning over control of our monetary system to the fallen ones and allowing them to retain it, we are giving them the power to bring about the decline and ruination of our economy. The Fed’s ability to expand credit is what is behind the out-of-control national debt, consumer debt, farm debt, domestic energy loan debt as well as the debt bomb—loans to foreign nations which will likely never be repaid. These debts taken together, especially the over $2 trillion national debt created by deficit spending, are such a major problem that it would take a president of the stature of Abraham Lincoln and greater to turn it around. "The Ascended Masters have explained to us that gold is necessary for the stability of the economies of the nations as well as for the stability of the individual consciousness. On October 10, 1977, the Ascended Master known as the God of Gold said the formation of the Federal Reserve system 'must be challenged and reversed because it is no part of the divine plan of the United States . . . " 'The American people must understand the great fraud that has been perpetrated upon them by this printing of money without backing. The grinding out of money by the printing presses will surely cause the collapse of the economies of the nations . . . The salvation of the soul of America depends upon the reestablishment of gold.' "Let us consider how else America has abdicated her destiny. America abdicated her role to defend freedom by ignoring Hitler until it was too late and by allowing the international bankers to finance the Nazis. "Antony Sutton, in his book Wall Street and the Rise of Hitler, proves that Hitler and the SS, the Nazi elite troops, were financed in part by 'affiliates or subsidiaries of U.S. firms, including Henry Ford in 1922.' Sutton says that General Electric made payments to Hitler in 1933, and that Standard Oil of New Jersey and International Telephone and Telegraph made subsidiary payments to Heinrich Himmler, the most ruthless of the Nazi leaders, up to 1944. He further demonstrates that 'U.S. multi-nationals under the control of Wall Street profited handsomely from Hitler’s military construction program in the 1930s and at least until 1942.' "America, you did not stop these corporations from setting the stage for World War II and the deaths of 41 to 49 million people! "If you would like to read the Book
of Life this day from the Lords of Karma of the abdication of
America’s destiny, you will see how the power elite have
made a karma and debted it to the United States and to the common
people who share the uncommon light of their Lord. You will see
how, by not protesting, these people have accepted the karma of
the fallen ones and how America is compromised by their evil deeds." |
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| "It is much like the craze of the
gold rush transformed people into pure greed, if there be such
a commodity, intense greed is the word—all because of the
great energy charged into the gold from Helios and Vesta, from
the Great Central Sun. Such currents of light, when contacting
the humanly misqualified forcefield, become immediately misqualified
into more and more greed. Thus, the gold fever swept portions
of the nation and created a karma for those individuals who thereby
aligned themselves with the fallen ones in the gold-rush years." |
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| "Beloved ones, this strife augmented by so many divisions and so many individuals seeking power within the Middle East has been long considered the trump card of the fallen ones. If all else fails, they still intend to explode that condition in the Middle East. And therefore I send forth the call of light that you might receive now the energy of Shiva within you to be the ones who also give the cry Shiva! into the cause and core of this manipulation. Beloved ones, the entire Middle East is a setup. It is a setup of the fallen ones and the conspiracy of the fallen ones. "Precious hearts of light, America is the
Promised Land. It is the place prepared for the sons and daughters
of God. Who are, then, the usurpers who would attempt to manipulate
real estate, land, wealth, oil, and all of the resources? Those
among both Arabs and Jews and those who "You see, beloved ones, there is nothing simple and there are no simple solutions. For when you have the added x factor of the fallen ones, there is not the ability to work line upon line with situations of karma and dharma but always the manipulation and always the temptation of the children of God to stray, then, from the light and to desire the things of this world. "It is human greed and selfishness, it is the selfish misuse of the light of the Holy Spirit that has brought down upon the children of God and the children of Israel century after century these wars manipulated by the fallen ones to the destruction of the children of light. This is my message as I stump across America and the nations of the earth with the Mother. "For I AM Shiva, and I AM the original
stumper, and I go forth with my dance upon the demons even as
the Mother becomes the mouthpiece of my flame. We are determined
to have our victory in this age. And I tell you, the legions of
Shiva and of Kali and of Durga are the fierce ones, and none can
stand our gaze except those who have the same unflinching zeal
and devotion to truth." |
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| "It is vital that you study these prophecies so that you can see the handwriting on the wall and determine what must be done to arrest the spirals of negativity before they cascade from the etheric octave to the mental body and to the desire body and then precipitate in the physical. "Many prophecies could come to pass. Reread the book Saint Germain On Prophecy so that you might be prepared to know what to look for and to beat the game of the fallen angels. "Some prophecy can be turned back and some prophecy will come to pass no matter what anyone does. Know the difference if you can, and try the spirits to see if they are of God. Go forth, then, to see that this civilization is saved before there is absolutely no opportunity for its salvation. "We have spoken of conditions in the economy,
conditions in the governments of the nations |
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| "You cannot exchange paper for gold—a
paper that is not backed—and think that you come out in
a balance. There is no balance. And this deception—partly
because of ignorance and partly because of the manipulation of
your president by the fallen ones—is creating crisis after
crisis. When the head of state of this nation fails utterly to
challenge the fallen ones who enslave peoples in the nations of
the earth, there is a dropping of the torch of freedom and a great
karma that accrues to the people." |
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| "I AM Saint Germain and I summon the stalwart to consider the critical condition of inflation in America today side by side with the manipulation of the free market and the community of the Holy Spirit. "Many who express their opinions in economics today are no more qualified to run the economy than the run-of-the-mill religionists are to analyze and preach the mysteries of the sacred scriptures of East and West. With a few courses in Keynesian economics and Marxist socialism, mere amateurs approach the subject of the nations' money systems, a balanced budget, taxation, and the financial burdens of a federal bureaucracy as though they were experts in the science of supply. "Inasmuch as the real laws of economics and the God-solutions to the international economy are not to be found in the most elite schools of the day nor in the minds of the experts (if they were, we should have no problems of such immense proportions), it behooves the children of the light to systematically study the disease of inflation and to invoke the God-solution and the God- science to this cancer of the economy before the very life-force of the free peoples of the earth is devoured by its tentacles. "May I suggest that, to begin with, honest and responsible leadership by noble hearts be seen as the necessary fulcrum. A part of the problem as we see it is that those who are in the position to pull the purse strings of America are often those with a vested self-interest who lack the spherical vision of a very complex problem whose solution would be forthcoming out of a profound understanding of the simple truths and basic principles which are the foundation of the law of the abundant life and of the sacred labor. "The system of political parties and frequent elections, though designed to preserve democracy in a republican, representative, form of government, makes severe demands upon those seeking office. In order to be elected, they must secure the popular vote. Inasmuch as the control of inflation and the cutting back of government spending must affect vast segments of the people adversely, it is never a popular cause for politicians to preach the real cure for inflation, which is the sacrifice of immediate gain, inordinate profits, and even the life of leisure for the long-term gain of prosperity and the sound management of the nation's government and business based upon the realities of the money supply and the resources at hand. Thus those seeking election are unwilling to place before an uneducated populace the gravity of the issue or the consequences upon all of the people of the real solutions. "This generation of Americans and their prosperity is built upon the credit system. The increase of the money supply has created an unreal concept of the abundant life. While some have become millionaires through inflation, others have been robbed of the fruits of their sacred labor. Thus the synthetic self has built its synthetic economic system, and the illusion of a materialism without God and of mechanization without the presence of the Holy Spirit has produced a wholly unreal consciousness of the abundant life. "The surfeiting of the people in consumer products bought with unsound money unbacked by a gold standard has produced a profound insecurity in the American people, a subconscious resistance to take the responsibilities of living and working together in the cosmic honor flame to produce the abundant life that is the only true foundation for a golden-age civilization. Though it is unnatural to the children of the light to expect something for nothing, to expect others to pay their way and to indulge in surfeiting in nonessentials, this has become the mark not only of Western civilization but also of those in the Communist bloc nations and in the underdeveloped countries. "Materialism is a disease which is as debilitating to the human spirit as is that of Communism. Both of these products of the minds of the manipulators have affected millions of lightbearers, and their acceptance of the philosophy of the Serpent has left them in a euphoric nightmare. Their psychic peace, the product of their psychological separation from the I AM Presence, has left them nonthreatened in an era when all around them, permeating the economic crisis of the decade, are the most threatening conditions to the human spirit which have ever existed in modern history. "Those who sleep on in their nonthreatened state of unawareness are the greatest enemies of the people and of the outcome of the destiny of the United States. These perpetuators of the false peace who preach their 'all is well' doctrine while applying a few Band-Aids to the gaping wounds of the nation's economy are the false pastors who must be replaced in this urgent hour of world need by true shepherds who will have a humility to apply themselves first to God and God's laws and then to a new science of economics that is neither Marxist nor Keynesian but rather Christic in its orientation. "In as much as all laws of economics proceed out of the sacred labor of the heart, the head, and the hand of the people themselves through their interaction with the Holy Spirit and their integration with the personal God of Israel, I am summoning as my disciples in the field of economics the fishermen, the farmers, the workingmen and women of America, the laborers —those who are the pillars of a great society that can yet be realized if they will put their hands to the plow of the Great Plowman and have respect for the Ox who treadeth out the corn even as He bears the burden of the karma of the world economy. "Let those who are still tethered to the reality of the sweat of the brow and the work of the hands, those whose minds have not been taken over by intellectual theories that have no relevance to the heart or to the practicalities of life come forward then and begin anew an in-depth probe of the history and the law of cycles which have governed the economic policies and the consequent rise and fall of nations. Meanwhile, let those who have made certain philosophies of economics their religion and their proponents their gods be deprogrammed from the synthetic self with its synthetic systems that have never worked and never will work, except to destroy those who espouse them. "Let us proceed from the empirical method. Let us disallow what has not worked and let us allow what does work. Communism is the dream of the fallen ones who would escape the consequences of their karma and of their neglect to integrate with the source of all life and abundance. It is not viable because it is inconsistent with cosmic law which operates independently of men's theories or their mockeries of divine justice. "The manipulation of the free market and the free governments of nations through monopoly capitalism or corporate socialism will not work. It destroys individual creativity and snuffs out the fires of hope that ever rest in the heart of the individual as the desire to be self-sustaining in God. What will work? Well, I say, that remains for you to discover. But I will tell you this—it begins with the fundamental principle: Whatsoever a man soweth, that shall he also reap; and its corollary: Whatsoever a man soweth not, that shall he not reap. "There are too many people in every walk of life who still want something for nothing and they are willing to espouse any economic philosophy that will deliver to them immediate pleasures and material prosperity. These are not noble hearts but they whose names go down in history as the ignoble and as the destroyers of the abundant life of the soul. "Let the government and the people learn to live within their means, and let the real value of goods and services be based upon the theory and the altogether practical application of the law of the sacred labor performed to the glory of God who is resident within his humanity. "Let the value
of life rest upon a gold standard that comes from the golden
rule, which is the principle of the divine economy—do
unto others as you would have them do unto you. This golden
rule is applied to the gold of the heart, the golden wisdom
that serves the needs of the community through love—applied
love that becomes compassion, charity, and the sharing of the
joys of the abundant life with those who entertain the impoverished
sense." |
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Uphold the Economy As I Uphold the Torch of Liberty Let the action of Mighty Victory descend upon your heart chakra. And let this action permeate the earth to consume fanaticism and enter the hearts of billions of souls. Let that focus of Victory be within you and let it remain. And let your heart be a chalice for all who would rise level upon level upon level until they return to the level of Lady Master Venus, Lord Sanat Kumara and the fulfillment of their star. Blessed ones, today you wrestle with the economy. Tomorrow you may wrestle with war—war within and war across the planetary body. Today you have challengers who are not of the Light and tomorrow they shall indeed be exposed. Therefore, let the All-Seeing Eye of God be with you, even today and as you return to your homes. For in this hour, beloved, the economy is misused and compromised by heads of state, even the head of this very nation. So, beloved ones, if you desire to see appropriate action, remember that the United States of America is the place that Saint Germain has chosen for this victory. This victory must take place across the states of the union. This victory must be a sacred fire that descends from above into the heart of each one who shares this day's victory. Blessed ones, to have the victory of the economy requires tremendous diligence. Even we do not know the outcome, for we have been without the stability of a gold standard for many, many years. Therefore you desire to reverse this, and this is the ultimate challenge. But you must look at other aspects of the economy as well, for the absence of the gold standard is not the only problem with the economy. Therefore, blessed ones, it is important that you study what is at hand, what truly causes this nation to be compromised as well as what causes it to move forward. Many of you understand this and it is indeed very important for you to understand what is happening beneath the surface, what is happening in those places where the economy is compromised. There is also compromise at the level of the
president of the United States. There is compromise in all areas.
A gold standard is not sustained when there is compromise, for
a gold standard means a golden standard. This golden standard
requires every son and daughter of Liberty within this nation
to carry the standard of truth, the standard of the God of Gold,
the This is a tall order, as you know. But since you desire to take it upon yourselves, I, the Goddess of Liberty, intend to assist you in this calling and in this mighty mission. [34-second standing ovation] Please be seated. Quite a few individuals have occupied the office of president of the United States. But not all of them have served with honor, with victory and with an understanding of what it truly means to be an American at the helm of the ship of state. Understand this, beloved, and look to your children. Look to your sons and daughters. Look to those who have the capacity to challenge Darkness, to bring forth the Light, to raise their arm up and hold the torch of freedom, the torch of liberty. Understand that if you would reverse the tide of economic manipulation, many situations within the economy must be addressed. This is no small challenge that you are accepting. Remember this and contemplate what will take place if you assume positions, especially positions of leadership, in economic affairs and also what will take place if you neglect to meet the economic challenges of this age. Now, beloved, it would be well for some of you who are engaged in serving with me, with Saint Germain and with Archangel Raphael to understand that if you would turn around this nation and the nations of the world, you must have a great understanding of what is going on, not only that which is before you but that which is subliminal, which you do not see and which is being put against this nation itself. Therefore we look for those of you who have the best skills to bring to the attention of Keepers of the Flame what can be done to move against that which has been coming upon this nation since the gold standard was set aside. Therefore, if you will, come together this day. Make your pledges to one another and bring before the Darjeeling Council as well as to the Mother of the Flame what you think can be done for the victory in this situation. May all of you who are serving on the ray of
Raphael and Mother Mary have the tremendous victory that you are
seeking today in this hall and in this nation. Therefore, I seal you in the heart of your beloved El Morya and your beloved Lanello. By Mighty Cosmos' secret rays, let the action of the Great Central Sun reach every heart in this room and every heart of love and light throughout the planet. With joy in my heart I seal you, in the name of the Father, the Son, the Holy Spirit and the Divine Mother, Amen.
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| "The
rich rule over the poor and the borrower is slave to the lender."
—Proverbs 22:7 "A people . . . who are possessed of the spirit of commerce, who see and who will pursue their advantages may achieve almost anything." —George Washington, letter to Benjamin Harrison, 10 October 1784 "No government can exist without taxation." —Frederick the Great, an 18th-century Prussian king "Paying attention to simple little things that most men neglect makes a few men rich."—Henry Ford "He that goes a
borrowing goes a sorrowing."—Benjamin Franklin,
1758
"It is the highest impertinence and presumption, therefore, in kings and ministers, to pretend to watch over the economy of private people . . . "—Adam Smith "But the glory has been the glory of pasteboard, and the wealth has been the wealth of tinsel."—Anthony Trollope "There is no subtler,
no surer means of overturning the existing basis of society
than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose."—John Maynard Keynes "All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work."—Calvin Coolidge "If you go into
what I call a bubble boom, every bubble bursts."
—Margaret Thatcher "Your big opportunity
may be right where you are now."—Napoleon Hill
"There is no dignity
quite so impressive, and no independence
so important, as living within your means."—Calvin Coolidge "Don't expect to build up the weak by pulling down the strong." —Calvin Coolidge "It is better to
fight the bubble's aftermath with easy money
than to prick it in its prime."—Mr. Greenspan Warren Buffett says that the stages of the investment cycle are managed by three successive groups: first, the innovators; second, the imitators; third, the idiots. We are well into stage three. 218. We have known such builders in old armchairs; we have seen such prophets with checkbooks and noisy leaders at public dinners. No old walls, nor even bank sanctuaries will strengthen the consciousness of the community. If the community member dreams of resembling the capitalist even in an external way, it means the foundation of his community is rotten.—El Morya, Community 1926 |
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"Therefore, what do you do? "You do what you have always done: you run to the altar of God, you give your invocations, you call to the Seven Archangels and the Holy Kumaras each hour and ask for dispensations for the binding of the forces of Evil in the earth that the children of Light might go free. "When you are frustrated, when you wonder what to do, you must always come back to the altar. For the altar of God, beloved, is the place where the all-power of God is focused. As you know, the large crystal on the altar is the chalice for the flame of the ark of the covenant. And in that crystal chalice and above on the etheric plane, there is the presence of the Maxin Light that once burned on Atlantis but was extinguished during her decline. "So, beloved, there is no place you can go that is more powerful than your altar. We have created the portable altar for you so you can fold it up, put it in your backpack, be on your way and then set it up at your destination. Wherever you are, you can establish your own forcefield, even if you have but a small crystal as the chalice for the flame. Wherever you go, you can raise up an altar to God, Yahweh, as did Abraham, Isaac and Jacob and the children of Israel in their wilderness wanderings. Yes, beloved hearts, this is the way. "There is an inner altar of the heart and there is an outer altar where you offer your devotions, which you can set up anytime, anywhere. Teach this to your children. Teach your children, beloved, that the altar is the place where God and man meet through the flame of the ark of the covenant. I ask you to go to the altar frequently and to tend the flame on the altar of your heart, for this practice will result in mighty changes in the earth. "Think you that you have not had a hand in world transmutation and in the major changes for the better that have recently taken place? Indeed you have! Wondrous things have come to pass in the earth even while the dark doings of men continue. "I announce to you on behalf of the entire Darjeeling Council of the Great White Brotherhood that the Keepers of the Flame of planet earth have made a major difference thus far. And I, El Morya, am counting on you to multiply and multiply again the giving of your violet flame decrees daily and not merely at our services on Saturday night. "The violet flame is the “elixir” for the transmutation of world karma. When you are instruments for the transmutation of world karma, you are surely transmuting your own karma while you earn your stripes and secure your opportunity to attain union with God in this life. I say it now and I say it again: the intensity of your violet flame decrees is lifting untold burdens from within your psyche and the psyche of the planet. "Keep it up, beloved! You are winning. And I give you the vision of your winning. I am telling you that since our call to you last October, you have established focuses of the violet flame in many nations around the world. And as the violet flame begins to turn in an upward spiraling action, there is the sound of the Seventh Ray, there is the inner music of the spheres and there is, as it were, a leaven in the earth. And the leaven in the earth is the violet flame you bear in your heart. "See to it, then, that you invoke your violet fire and your tube of light, using the decree Saint Germain gave you. I ask you to invoke the violet flame twenty minutes a day without fail, beloved, for you will see new levels of transmutation, new doors of opportunity opening. For Saint Germain and Portia will be able to deliver to you all that you have given in your violet flame decrees, multiplied many tens of thousands of times over. "This is the word of God in this moment. You are at the midpoint of the decade. The hour of the telling approaches when many of the prophecies of Revelation shall come to pass. The coming five years will intensify both Light and Darkness through the presence of the Five Dhyani Buddhas. Therefore, give their mantras. Enter in to the fiery coil of their beings! Seek their assistance as you pursue your ascension with a holy zeal. Seek your Buddhahood zealously, for you can have it. "And it is Padma Sambhava who has assisted Saint Germain in delivering the violet flame to the age. And we have already discussed how the clergy have not allowed the people to invoke the violet flame (which is the flame of the Holy Spirit) in the churches. "I say, open the doors of your heart and the pores of your body and let the violet flame enter in! And do not so quickly accept the verdicts that are given to you by the physicians of the world. For the Good Physician, your Lord and Saviour Jesus Christ, is with you, and your Christ Self overshadows you. And some of you, though not that many of you—but enough of you to make it worthy of note—have actually achieved the bonding to your Holy Christ Self in this year, after working toward that goal for many years. "This is the blessed estate to which you aspire. For you know that it is written 'The soul that sinneth, it shall die.' Therefore, the only way for your soul to attain eternal life is for her to merge with, to fuse with, her Holy Christ Self, who is truly her own Higher Self. "Thus, as you ascend day by day and your soul is fused with her Christ Self, she is also fused with her Lord Jesus Christ and other avatars. No matter what religion you are affiliated with, you know that that Christ Presence by any other name is the fullness of the Son of God within you. "So, beloved, count yourself in jeopardy—yes,
in jeopardy—if you have not made it your business to see
to it that your soul is bonded to your Holy Christ Self. And when
it is, beloved, you make decisions based on what that Inner Christ
is telling you as you listen to his inner Word. As you have heard
the voice of conscience, your mentor from birth, so you know that
that voice "It is wise to take the Teachings
and to use them as a measuring rod to monitor yourself as to when
you are out of alignment with the vibration of your Christ Self.
Each time you depart from acceptable levels, you must turn and
face your Christ Self and offer violet flame decrees. You must
also call to Archangel Michael for reinforcements of angels to
keep you in the paths of righteousness. Yes, beloved, this is
the goal I have for my chelas." |
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| "Is it not
lawful for me to do what I will with mine own?
Is thine eye evil, because I am good?—Matthew 20:15 "In the long run, we are all dead."—John Maynard Keynes "It was always my practice to train salespeople under my direct supervision, and to treat children with the utmost consideration."—J.C. Penney "Nothing but money
is sweeter than honey."—Benjamin Franklin
"Time is money."—Benjamin
Franklin
"When things can't
go on, they have a tendency to stop."
—Herbert Stein, Nixon's Chairman of the Council of Economic Advisors "Government machinery
has been described as a marvelous
labor saving device which enables ten men to do the work of one." —John Maynard Keynes "For what shall
it profit a man, if he shall gain the whole world,
and lose his own soul?"—Mark 8:36 As Fitzgerald put it:
"The cleverly expressed opposite of any generally accepted idea is worth a fortune to somebody." "
. . . money is the most marketable commodity."
—Ludwig von Mises in 'The Theory of Money and Credit,' 1912 "To the Right wing, a Jew; to the Leftists, a capitalist." —the Baron Guy Edouard Alphonse Paul de Rothschild, 1909-2007 'Man is a thinking, expectant being,' says recent Nobel Laureate Edmund Phelps "We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." —Sir Winston Churchill "The collection of taxes which are not absolutely required, which do not beyond reasonable doubt contribute to the public welfare, is only a species of legalized larceny. The wise and correct course to follow in taxation is not to destroy those who have already secured success, but to create conditions under which everyone will have a better chance to be successful."—Calvin Coolidge "There go my men. I must follow them. For I am their leader." —Attributed to an Italian general |
| Bastiat was supremely effective at popularizing free market economics. When he learned of Richard Cobden's campaign against the British Corn Laws (restrictions on the import of wheat, barley, rye, and oats), Bastiat vowed to become the "French Cobden." He subsequently published a series of articles attacking protectionism that brought him instant acclaim. In 1846 he established the Association of Free Trade in Paris and his own weekly newspaper. He waged a witty assault against socialists and protectionists. Bastiat's "A Petition," usually referred to now as "The Petition of the Candlemakers," displays his rhetorical skill and rakish tone, as this excerpt illustrates: We are suffering from the ruinous competition of a foreign rival who apparently works under conditions so far superior to our own for the production of light, that he is flooding the domestic market with it at an incredibly low price . . . This rival . . . is none other than the sun . . . ... We ask you to be so good as to pass a law
requiring the closing of all windows, dormers, skylights, inside
and outside shutters, curtains, casements, bull's-eyes, deadlights
and blinds; in short, all openings, holes, chinks, and fissures.
The debate between deflationists and inflationists surfaced in 1973. The best-known deflationists were John Exter and C. Vern Myers. Myers is dead. I don't know about Exter. Exter's argument was coherent. Myers's wasn't. Exter argued that gold would go up in price even though fractional reserve banking would collapse because of a lack of secure collateral. Gold is the ultimate collateral. The inverted pyramid of debt at some point will no longer be sustainable. There will be a flight to liquidity. The fractional reserve banking system will implode. Consumer prices will fall. But not gold's price. Is this scenario plausible? Not then, not now. Is it possible? Yes. The problem will most likely come from the leveraged futures markets —specifically, the derivatives market. If there is a major default in this $300 trillion market, inter- bank payments could cease. Bank A would not settle its daily payments with bank B until bank C pays bank A. Greenspan has called this scenario cascading cross defaults. If it ever comes, the international division of labor would collapse. If credit ever creases, then the modern world ceases. It would be like a nuclear World War III. No one could settle digital money accounts, including gasoline stations. How would you buy gasoline? How would the local station pay the regional distributor? The modern world is like millions of long, interrelated rows of dominoes. Nobody can see where the rows are. If they topple, everyone will suffer. At that point, only well-armed Amish farmers would survive. Problem: they are unarmed. This is not a case for deflation. This is a case for the collapse of civilization. Short of a bank gridlock, what is the case for
deflation? If you cannot easily jot down the case for There is one thing that governments can do: order their central banks to buy more government debt. When the central bank buys debt—or any asset—it creates new money. The government then spends this money. That money will be spent: by the politicians, by the defense contractors, by the welfare recipients, by everyone who receives a government check. Here is why there is no logical case for 2% or 5% or 20% price deflation. It relies on a totally implausible theory: governments will not spend money. Governments will ALWAYS spend money —more than they receive through taxation. The case for PRICE deflation is the case for MONETARY deflation. The case rests on the theory that people will not borrow money at some rate of interest above zero. But they will. The modern world is addicted to debt. There can be some markets that experience deflation. Housing is one of them. But general deflation? No. General deflation that central banks cannot thwart by buying up the actual assets that are falling in price? No. If a frightened owner of an asset that is falling in price is offered a check from the central bank to buy his asset, he will sell. The central bank is allowed to buy anything as a reserve asset. It can create new money at any time, using the purchased asset as a legal reserve. The deflationary scenario assumes that central banks cannot overcome falling prices by creating money. Until you understand why a central bank cannot buy falling assets, don't take seriously anyone who predicts deflation. Dr. Ben Bernanke, the newly named future Chairman of the Federal Reserve System, has made a prediction in 2002. Pay close attention. 'Of course, in lieu of tax cuts or increases
in transfers the government could increase spending on current
goods and services or even acquire existing real or financial
assets. If the Treasury issued debt to purchase private assets
and the Fed then purchased an equal amount of Treasury debt with
newly created money, the whole operation would be the economic
equivalent of direct open-market operations in private assets.' Why won't this happen? Because the world would at some point stop selling assets to the Treasury for fiat money because of mass inflation—the collapse of value of the dollar. This is the opposite argument: the inflation argument, not the deflation argument. |
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Allan H. Meltzer, History of the Federal Reserve , The University of Chicago Press, 2004
"To tax the community for the advantage of a class is not protection: it is plunder."—Benjamin Disraeli
"A government which lays taxes on the people not required by urgent public necessity and sound public policy is not a protector of liberty, but an instrument of tyranny."—Calvin Coolidge
"The establishment of Civil and Religious Liberty was the Motive which induced me to the Field —the object is attained—and it now remains to be my earnest wish & prayer, that the Citizens
of the United States could make a wise and virtuous use of the blessings placed before them." —George Washington (letter to the Reformed German Congregation of New York City, 27 November 1783)
"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens."—John Maynard Keynes in his 'Essay in Persuasion'
"[G]overnment, even in its best state, is but a necessary evil; in its worst state an intolerable one."—Thomas Paine
"Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back."—John Maynard Keynes
"Everybody thinks of economics whether he is aware of it or not. In joining a political party and in casting his ballot, the citizen implicitly takes a stand upon essential economic theories." —Ludwig von Mises
"As to Taxes, they are evidently inseparable from Government. It is impossible without them to pay the debts of the nation, to protect it from foreign danger, or to secure individuals from lawless violence and rapine."—Alexander Hamilton (Address to the Electors of the State of New York, March 1801) Reference: Selected Writings and Speeches of Alexander Hamilton, Frisch, ed., 473.
"If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash."—George Washington, first President of United States of America (paraphrased from a letter to Jabez Bowen, Rhode Island, Jan. 9, 1787)
"Repeal that [welfare] law, and you will soon see a change in their manners . . . Six days shalt thou labor, though one of the old commandments long treated as out of date, will again be
looked upon as a respectable precept; industry will increase, and with it plenty among the lower people; their circumstances will mend, and more will be done for their happiness by inuring them to provide for themselves, than could be done by dividing all your estates among them." —Benjamin Franklin
"As riches increase and accumulate in few hands, as luxury prevails in society, virtue will be in a greater degree considered as only a graceful appendage of wealth, and the tendency of things will be to depart from the republican standard . . . It is a common misfortunate that awaits our State constitution, as well as all others."—Alexander Hamilton
"To take from one, because it is thought his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers, have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to everyone the free exercise of his industry and the fruits acquired by it."—Thomas Jefferson
"The prosperity of commerce is now perceived and acknowledged by all enlightened statesmen to be the most useful as well as the most productive source of national wealth, and has accordingly become a primary object of its political cares."—Alexander Hamilton
"Industry is increased, commodities are multiplied, agriculture and manufacturers flourish: and herein consists the true wealth and prosperity of a state."—Alexander Hamilton (Report on a National Bank, 13 December 1790) Reference: The Works of Alexander Hamilton, Henry Cabot Lodge, ed. (362)
"It is a singular advantage of taxes on articles of consumption that they contain in their own nature a security against excess. They prescribe their own limit, which cannot be exceeded without defeating the end purposed—that is, an extension of the revenue."—Alexander Hamilton
"The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence. If 'Thou shalt not covet' and 'Thou shalt not steal' were not commandments of Heaven, they must be made inviolable precepts in every society before it can be civilized or made free."—John Adams
"Finally, there seem to be but three Ways for a Nation to acquire Wealth. The first is by War as the Romans did in plundering their conquered Neighbours. This is Robbery. The second by Commerce which is generally Cheating. The third by Agriculture the only honest Way; wherein Man receives a real Increase of the Seed thrown into the Ground, in a kind of continual Miracle wrought by the Hand of God in his favour, as a Reward for his innocent Life, and virtuous Industry."—Benjamin Franklin
"Work as if you were to live 100 Years, Pray as if you were to die To-morrow."—Benjamin Franklin
"A Man may, if he know not how to save, keep his Nose to the Grindstone, and die not wirth a Groat at last."—Benjamin Franklin (Poor Richard's Almanack, 1742) Reference: Poor Richard: The Almanacks for the Years, 1733-1758, intro by Van Wyck Brooks (94)
"I own myself the friend to a very free system of commerce, and hold it as a truth, that commercial shackles are generally unjust, oppressive and impolitic—it is also a truth, that if industry and labour are left to take their own course, they will generally be directed to those objects which are the most productive, and this in a more certain and direct manner than the wisdom of the most enlightened legislature could point out."—James Madison (speech to the Congress, 9 April 1789)
"The spirit of enterprise, which characterizes the commercial part of America, has left no occasion of displaying itself unimproved. It is not at all probable that this unbridled spirit would pay much respect to those regulations of trade by which particular States might endeavor to secure exclusive benefits to their own citizens."—Alexander Hamilton
"It is a singular advantage of taxes on articles of consumption that they contain in their own nature a security against excess. They prescribe their own limit, which cannot be exceeded without defeating the end purposed - that is, an extension of the revenue."—Alexander Hamilton
"Harmony, liberal intercourse with all Nations, are recommended by policy, humanity and interest. But even our Commercial policy should hold an equal and impartial hand: neither seeking nor granting exclusive favours or preferences; consulting the natural course of things; diffusing and diversifying by gentle means the streams of Commerce, but forcing nothing; establishing with Powers so disposed; in order to give trade a stable course."—George
Washington
"Were we directed from Washington when to sow, and when to reap, we should soon want bread."—Thomas Jefferson
"The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."—Thomas Jefferson
"If all that Americans want is security, they can go to prison. They'll have enough to eat, a bed and a roof over their heads."—President Dwight D. Eisenhower
"The world has no room for cowards. We must all be ready somehow to toil, to suffer, to die. And yours is not the less noble because no drum beats before you when you go out into your daily battlefields, and no crowds shout about your coming when you return from your daily victory or defeat."—Robert Lewis Stevenson
"Courage is not having the strength to go on; it is going on when you don't have the strength. Industry and determination can do anything that genius and advantage can do and many things that they cannot."—Theodore Roosevelt
"The same prudence which in private life would forbid our paying our own money for unexplained projects, forbids it in the dispensation of the public moneys."—Thomas Jefferson
"Those who expect to reap the blessings of freedom, must, like men, undergo the fatigues of supporting it."—Thomas Paine
"It is very imprudent to deprive America of any of her privileges. If her commerce and friendship are of any importance to you, they are to be had on no other terms than leaving her in the full
enjoyment of her rights."—Benjamin Franklin
"It is a wise rule and should be fundamental in a government disposed to cherish its credit, and at the same time to restrain the use of it within the limits of its faculties, 'never to borrow a dollar without laying a tax in the same instant for paying the interest annually, and the principal within a given term; and to consider that tax as pledged to the creditors on the public faith.' "—Thomas Jefferson
"[A] rigid economy of the public contributions and absolute interdiction of all useless expenses will go far towards keeping the government honest and unoppressive."—Thomas Jefferson (letter to Marquis de Lafayette, 4 November 1823) Reference: The Writings of Thomas Jefferson, Memorial Edition, Lipscomb and Bergh, eds., vol. 15 (491)
"To cherish and stimulate the activity of the human mind, by multiplying the objects of enterprise, is not among the least considerable of the expedients, by which the wealth of a nation may be promoted."—Alexander Hamilton
"If, from the more wretched parts of the old world, we look at those which are in an advanced stage of improvement, we still find the greedy hand of government thrusting itself into every corner and crevice of industry, and grasping the spoil of the multitude. Invention is continually exercised, to furnish new pretenses for revenues and taxation. It watches prosperity as its prey and permits none to escape without tribute."—Thomas Paine (Rights of Man, 1791) Reference: Thomas Paine: Collected Writings, Foner ed., Library of America (549)
"[T]here exists in the economy and course of nature, an indissoluble union between virtue and happiness; between duty and advantage; between the genuine maxims of an honest and magnanimous policy, and the solid rewards of public prosperity and felicity."—George Washington
"It is the highest impertinence and presumption, therefore, in kings and ministers, to pretend to watch over the economy of private people, and to restrain their expence, either by sumptuary laws, or by prohibiting the importation of foreign luxuries. They are themselves always, and without any exception, the greatest spendthrifts in the society. Let them look well after their own expence, and they may safely trust private people with theirs. If their own extravagance does not ruin the state, that of their subjects never will."—Adam Smith
"The tendency of a national bank is to increase public and private credit. The former gives power to the state, for the protection of its rights and interests: and the latter facilitates and extends the operations of commerce among individuals. Industry is increased, commodities are multiplied, agriculture and manufacturers flourish: and herein consists the true wealth and prosperity of a state."—Alexander Hamilton (Report on Manufactures, 1790)
"The encouragement of mere consumption is no benefit to commerce because the difficulty lies
in supplying the means, not in stimulating the desire for consumption; and production alone furnishes those means. Thus, it is the aim of good government to stimulate production, of bad government to encourage consumption."—Jean-Baptiste Say, A Treatise on Political Economy, 1803
"Everyone wants to live at the expense of the state. They forget that the state lives at the expense of everyone."—French economist, statesman and author Frederic Bastiat (1801-1850)
"The business cycle was not an accident or anyone's fault: It was a fact of life and provision should be made for it . . . Anybody could make money in a boom - making it at the bottom of the trough was the real test of ability."—Andrew Carnegie
"If you establish a democracy, you must in due time reap the fruits of a democracy. You will in due season have great impatience of the public burdens, combined in due season with great increase of the public expenditure. You will in due season have wars entered into from passion and not from reason; and you will in due season submit to peace ignominiously sought and ignominiously obtained, which will diminish your authority and perhaps endanger your independence. You will in due season find your property is less valuable, and your freedom less complete."—Benjamin Disraeli
"It is necessary to realize that the price premium is the outgrowth of speculations anticipating changes in the money relation. What induces it, in the case of the expectation that an inflationary trend will keep on going, is already the first sign of that phenomenon which later, when it becomes general, is called "flight into real values" and finally produces the crack-up boom and the crash of the monetary system concerned."—Ludwig von Mises , 1949
"It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power. An economist can never be a favorite of autocrats and demagogues. With them he is always the mischief-maker, and the more they are inwardly convinced that his objections are well-founded, the more they hate him."—Ludwig von Mises
"The collection of taxes which are not absolutely required, which do not beyond reasonable doubt contribute to the public welfare, is only a species of legalized larceny. The wise and correct course to follow in taxation is not to destroy those who have already secured success,
but to create conditions under which everyone will have a better chance to be successful." —Calvin Coolidge
"The economics that disregard moral and sentimental considerations are like wax-works that being lifelike still lack the life of the living flesh. At every crucial moment these new-fangled economic laws have broken down in practice. And nations or individuals who accept them as guiding maxims must perish."—M. Gandhi, 'Young India,' October 27,1921
"Bill Gates has the right idea for entrepreneurs, although it took his wife Melinda to teach him: get rich, retire, and give away the money. Or imitate Warren Buffett: get rich, keep working, and give the money to the Gates Foundation to give away the money. For most people, the strategy is to raise a family, find a cause, and leave money behind for both: the more money, the more to the cause. Buffett has it right: leave your kids enough money for them to do anything, but not do nothing."—Gary North
"A preference for a tangible gold currency is no longer more than a relic of a time when Governments were less trustworthy in these matters than they are now, and when it was the fashion to imitate uncritically the system which had been established in England and had seemed to work so well during the second quarter of the nineteenth century."—John Maynard Keynes, 'Indian Currency and Finance' 1913
"'Tote dat barge! Lift dat bale!'
Get a little drunk,
and you lands in jail!"
—Ol' Man River
Integrity in a central banker is like chastity in a prostitute . . .
1. Theft is immoral. 2. Inflation is theft. 3. Fractional reserve banking is inflationary. 4. Central banking is government-guaranteed fractional reserve banking. 5. Immorality leads to judgment.
"We have rights, as individuals, to give as much of our own money as we please to charity; but as members of Congress we have no right so to appropriate a dollar of public money." —American hunter, frontiersman, soldier and politician Davy Crockett(1786-1836)
297."We do not like to torture ourselves," say the earthly authorities. They are ready to hide from themselves their bankruptcy and their defeat. Earthly rulers say, "All is calm in our kingdom." Their self-satisfied repose and inactivity guarantee them their thrones. Usually they admire the sunset but sleep through the sunrise.—El Morya, Agni Yoga 1929
118. The ship encounters the fury of the waves, but it reaches its destination. Pure service flourishes if its roots are deep and strong. My shield may not be upon their doors, but the approaching ones bear my banner in their hearts.—Leaves of Morya's Garden 1924
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| Wall
Street and the Bolshevik Revolution Antony Sutton, 1974 |
| The
Theory of Money and Credit by Ludwig von Mises |
| What
Has Government Done to Our Money? by Murray N. Rothbard |
The
Mystery of Banking by Murray N. Rothbard |
| The Summit Lighthouse
text, audio and/or image files are posted with permission. |
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