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Quote Of The Week

Tyler Durden's picture



“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 few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” – President James Garfield, 2 weeks before his assassination.

courtesy of Michael Krieger


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Thu, 02/16/2012 - 16:07 | 2166913 pods
pods's picture


We should have a quote of the week along these lines.  Maybe Lindbergh too?

Thu, 02/16/2012 - 16:11 | 2166948 B-rock
B-rock's picture

That's quote of the epoch.

Thu, 02/16/2012 - 16:15 | 2166961 Comay Mierda
Comay Mierda's picture

this guy was clearly a terrorist.

Thu, 02/16/2012 - 16:19 | 2166996 Turd Ferguson
Turd Ferguson's picture

This would seem to be a pretty good history of the subject matter:

Thu, 02/16/2012 - 16:27 | 2167037 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

When did Reagan commission Ron Paul to write an essay about sound money?  Was that before Hinkley?

And just who was Hinkley?  He wasn't a childhood friend of the Bush clan, was he?  He didn't have dinner with the Bushes a few weeks before he shot the POTUS, did he?

Thu, 02/16/2012 - 16:31 | 2167054 BaBaBouy
BaBaBouy's picture

WOW ...


Are we fucked, or what, Mr. Burnankee ???


Thu, 02/16/2012 - 16:33 | 2167064 redpill
redpill's picture

I guess Judge Nap is lucky all that happened was getting his show cancelled...

Thu, 02/16/2012 - 16:43 | 2167102 vato poco
vato poco's picture

Pay no attention to that man in the corner!! (bang!)  .............never mind.

Thu, 02/16/2012 - 17:02 | 2167187 JW n FL
JW n FL's picture



Enjoy the stupidity here in the States!

I will be fishing until the fires die down!

Thu, 02/16/2012 - 18:05 | 2167416 Thomas
Thomas's picture

The rumor was that Kennedy acted to clip the wings of the Fed a month before he committed suicide by two gunshots.

Thu, 02/16/2012 - 18:11 | 2167443 Squid Vicious
Squid Vicious's picture

He was also about to clip the wings of Israel's nuclear program at Dimona

Thu, 02/16/2012 - 20:07 | 2167761 JoeSexPack
JoeSexPack's picture

Forced AIPAC to register as agents of a foreign gov't. True.


JFK in 2012!

Thu, 02/16/2012 - 20:12 | 2167773 JoeSexPack
JoeSexPack's picture

Executive Order 11110 legalized silver notes from the US Treasury that would have killed the FED.

Thu, 02/16/2012 - 21:30 | 2167948 JW n FL
JW n FL's picture



did you know that the Slave trade was Controlled by Jews?

did you know that a Jewish Judge Blocked a PBS (Public Broadcast System) News Special on the sourced and sited facts that were provided by??? Yep! the Jewish Historical Society? LULZ! You just could NOT! make up shit like this! The truth is ALWAYS more fucked up than a Lie!

Thu, 02/16/2012 - 21:33 | 2167950 JW n FL
JW n FL's picture



Watch this first ---->

Executive Order 13575 "RURAL COUNCILS" Agenda 21 NWO

Agenda 21 for Public Officials


Some Resources:

sustainable development for Dummies,3699,en_2649_37425_1_1_1_1_37425,00.html

Core Publications
Agenda 21

Links to Agenda 21 Chapters

???? | ?? | English | Français | ??????? | Español


Agenda 21 is a comprehensive plan of action to be taken globally, nationally and locally by organizations of the United Nations System, Governments, and Major Groups in every area in which human impacts on the environment.

Agenda 21, the Rio Declaration on Environment and Development, and the Statement of principles for the Sustainable Management of Forests were adopted by more than 178 Governments at the United Nations Conference on Environment and Development (UNCED) held in Rio de Janerio, Brazil, 3 to 14 June 1992.

The Commission on Sustainable Development (CSD) was created in December 1992 to ensure effective follow-up of UNCED, to monitor and report on implementation of the agreements at the local, national, regional and international levels. It was agreed that a five year review of Earth Summit progress would be made in 1997 by the United Nations General Assembly meeting in special session.

The full implementation of Agenda 21, the Programme for Further Implementation of Agenda 21 and the Commitments to the Rio principles, were strongly reaffirmed at the World Summit on Sustainable Development (WSSD) held in Johannesburg, South Africa from 26 August to 4 September 2002.


Thu, 02/16/2012 - 21:42 | 2167976 JW n FL
JW n FL's picture



The reasonable man adapts himself to the world;
The unreasonable one persists in trying to adapt the world to himself.
Therefore all progress depends on the unreasonable man.
George Bernard Shaw, Man and Superman (1903) "Maxims for Revolutionists"
Thu, 02/16/2012 - 22:20 | 2168098 robobbob
robobbob's picture

.....all progress depends on the unreasonable man

...........meaning most calls for progress are by extension........unreasonable and the work of bullies, and should be resisted.

Thu, 02/16/2012 - 21:48 | 2168003 pods
pods's picture

For the last time, what Kennedy did with EO 11110 did NOT usurp the FED's stronghold.  He already had the power to issue certificates. He DELEGATED it away.,4612588

That is a Nov 28, 1961 story from the Southeast Missourian which states that Kennedy ordered the Treasury to STOP selling silver at an arificially low price.  That's right, he REMOVED it from sale.

"The Kennedy program would represent the most important national change in silver in many decades.  In effect, the President wants to end silver's status as an important monetary metal and make it a freely traded commodity, like copper or soybeans."

"Kennedy directed the Treasury to stop using the stockpile as a source of supply for coinmaking."


Kennedy was in no way, shape, or form a friend of the common man.  Does anyone really think that the apple falls far from the tree?

Not getting on you personally JoeSP, I thought that one of the elite actually gave a shit about us at one time too.



Thu, 02/16/2012 - 20:24 | 2167793 4horse
4horse's picture



big secret at the time of Kennedy’s assassination -when mere weeks before ben-gurion made a great show of resignation, over JFK's nuclear ultimatum- Israel’s Mossad and Red China’s intelligence service were working behind the scenes on joint nuclear weapons development. The evidence suggests that “the China card” played a critical (secret) factor in Israel’s participation in the JFK assassination



june, 1963,  President Kennedy signs  Executive Order 11110  returning to the people the power to issue their own currency, not through the private Federal Reserve, but as originally written in The Constitution  --and as if echoing Lincoln: “We gave the people of the republic the greatest blessing they ever had, their own paper money to pay their own debts.”




lincoln. before him jackson. after him garfield and mckinley, lost ghosts left haunted within The House Of Rothschild, where, no echo, no whispers, Cerberus Barks

                                  . . . Don't Touch THE FUCKIN MONEY

Thu, 02/16/2012 - 21:35 | 2167961 Harlequin001
Harlequin001's picture

You must be joking. This is the man that squandered all Americas money (when it was backed by gold and in limited supply) in a failed attempt to put a man on the moon.

Having been reduced to filming a fake stunt in a hangar to save face do you really think he would then make money real again, knowing there was no way the American economy could recover from what he'd done.


It was Kennedy that launched us all down the path to failure, not Nixon.

Thu, 02/16/2012 - 21:49 | 2168012 pods
pods's picture

See my link above.  It is a footnote from the Wiki article.  Really informative. I think an actual REPORTER wrote it.


Sat, 02/18/2012 - 16:02 | 2169001 4horse
4horse's picture

will read

and reread, elsewhere as well




      LIES  =  an IDEA9 whose time has come and gone, long since buried with a body, unidentified, lookin like somethin the cat dragged in after already usin so many of its own trying to catch up with what still stinks wrapped in yesterday's print while, presenttense, even today's events too fresh to yet smell too fishy.



      missing, like that stinking redherring which's knowledge

      knowing/never knowing, better nor enough

Fri, 02/17/2012 - 01:28 | 2168493 All Risk No Reward
All Risk No Reward's picture

Kennedy ruffled lots of establishment feathers.

* Kennedy wanted to de-fang the CIA.

* Kennedy rejected The MICs Operation Northwoods false flag campaign and demoted LL Lemnitzer who presented the false flag operation to him.

* Kennedy was assassinated.

* The MIC took Operation Northwoods live against Vietnam with their Gulf of tonkin false flag event.  The MIC murdered 1-3 million Vietnamese, 60k Americans and disabled another 200k Americans...  all based on a lie.

* LL Lemnitzer's false flag war mongering was so prized by NATO that he was promoted to head NATO.

For those who think the OWNERS behind the mega-corporation care about the troops - it's almost all marketing.  The homeless Vietnam vets get very little, but the mega corps pay TENS OF MILLIONS to tell you how much they LOVE the troops they send out to be killed after the criminals running the show run a false flag event.  If they actually cared about the troops, the tens of millions would be given to the troops.

Rockefeller played a key roll in setting up the demonic allopathic sick care profit making cartel...  you can make better choices and live a much healthier life by eating real food, not pesticide facsimile "food."

MS Dramatically Reversed by Diet

Mediterranean Diet May Protect Against Diabetes

Anti-Inflammatory Diet Monograph (PDF file)

I've deconstructed the mind control employed to control the front line physicians.

They've been taught 1. They are special people and the public can't teach them anything and 2. They've been taught that anecdotal evidence is worthless evidence.

Most can't seem to admit to being conned and so they hold onto those two ideas like white on rice (not all, and thanks for those that don't - but you know many, many do exactly this!).

The truth is that anecdotal evidence IS THE BEGINNING of developing a hypothesis and researching the validity of the hypothesis.

Anecdotal evidence is the BEGINNING, not the END.

The other problem is that the system rakes in profits off of sick people, not well people.

Be well.




Thu, 02/16/2012 - 17:40 | 2167311 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

It is pronounced "BER - NANK"    ;)

Thu, 02/16/2012 - 18:12 | 2167447 mtomato2
mtomato2's picture

Tried to up-arrow you, there.  site won't let me.

Thu, 02/16/2012 - 21:07 | 2167891 Bringin It
Bringin It's picture

FYI - MayIMoma started his post in italics.  For some yet unknown reason, this kills off the red/green up/down [JavaScript?] on most browsers.

Hello Sacrildge - any thoughts on this??

Thu, 02/16/2012 - 16:30 | 2167050 Dr. Richard Head
Dr. Richard Head's picture

My hometown of Mentor, OH is also the to one of Garfield's homes.  There is a great section, at least there was when I last visited years ago, that featured a section on "money" in the attic of the home.

Thu, 02/16/2012 - 16:33 | 2167059 TruthInSunshine
TruthInSunshine's picture

Team Fahrenheit 451 Truth Squad Firefighter have been dispatched to burn down what's left of it.

Thank you for the information,


Big 'Sis

Thu, 02/16/2012 - 16:34 | 2167072 SteveGennisonBa...
SteveGennisonBallWasher's picture

A fellow Mentor man myself Dr. Dickhead

Thu, 02/16/2012 - 16:39 | 2167092 Dr. Richard Head
Dr. Richard Head's picture

Damn.  Small world.  I never would have thunk anything other than mall rats and yuppies came from this place.  I still work in the area.  You?

Thu, 02/16/2012 - 16:45 | 2167115 SteveGennisonBa...
SteveGennisonBallWasher's picture

Work in Mayfield.  Live off Mentor Ave, by Garfields home.

Thu, 02/16/2012 - 17:00 | 2167176 Conrad Murray
Conrad Murray's picture

I'm not from the fancy pants neighborhoods like you fellow terrorists, but should it ever be decided that beer and wings are in order, let me know.

Thu, 02/16/2012 - 17:01 | 2167181 Dr. Richard Head
Dr. Richard Head's picture

Fuck yeah.  I'm in. tikipalm at gmail

Thu, 02/16/2012 - 17:10 | 2167219 SteveGennisonBa...
SteveGennisonBallWasher's picture

pslapps5181 at gmail

Thu, 02/16/2012 - 18:32 | 2167494 Struan
Struan's picture

Dont forget to tell us how those beers were.

Thu, 02/16/2012 - 17:16 | 2167236 Atomizer
Atomizer's picture

Strongsville  :)

Thu, 02/16/2012 - 17:22 | 2167258 SteveGennisonBa...
SteveGennisonBallWasher's picture

Don's Pomeroy House.  Yum.

Thu, 02/16/2012 - 20:19 | 2167792 Atomizer
Atomizer's picture


Solyndra's high level management ate there. I made sure they received a 5 star tour after dinner. Upstairs are boarding rooms, in the lower level near staircase are two doors. It’s a storage area now, if you go to the very end of the 3.5 -4 ft. height room; you'll see a sealed off wall. That house was once part of the underground railroad. Agreed, great food.

Thu, 02/16/2012 - 23:39 | 2168315 TheFourthStooge-ing
TheFourthStooge-ing's picture

If I recall correctly, Strongsville was also the home of Waterbed Factory Man in the late 1970s.


Sat, 02/18/2012 - 08:13 | 2172643 TruthInSunshine
TruthInSunshine's picture

It's wrenching to see what they've done to Newell, Akron, Toledo & Cleveland. Sluts of Wall Street.

Thu, 02/16/2012 - 17:11 | 2167220 grid-b-gone
grid-b-gone's picture

Money in the attic, anti-concentrated power statements, and a survivalist windmill on the property. A prime NDAA candidate.

Thu, 02/16/2012 - 17:24 | 2167259 Dr. Richard Head
Dr. Richard Head's picture

I fucking love this place. When is Tyler goingto start a compound for our cult.  I'm signing up bitchez. Hopefully the joint will be filled with hippie pussy.  I loves me some hippie pussy.

Thu, 02/16/2012 - 17:39 | 2167308 BigJim
BigJim's picture

Yup, hippie pussy jus' loves a sound-money man!

Thu, 02/16/2012 - 17:42 | 2167326 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture


Thu, 02/16/2012 - 16:31 | 2167056 Vince Clortho
Vince Clortho's picture

Wikipedia is the place to go if you want to get the Establishment version of the Garfield assassination.

Thu, 02/16/2012 - 21:29 | 2167944 4horse
4horse's picture

Wikipedia is the place to go if you . . . don't know. anything. bout anything. and won't

top spot, all sown up. again. No.1

Thu, 02/16/2012 - 16:33 | 2167071 Sophist Economicus
Sophist Economicus's picture

Sympathies for President Garfield poured out across the nation and the world. Condolences came from the King of Italy and the Rothschilds. Democratic Kentucky governor Luke P. Blackburn ordered a day of "public fasting and prayer


Is that Rothchilds, as in the evil, maligned Rothchilds?

Thu, 02/16/2012 - 16:41 | 2167098 LowProfile
LowProfile's picture

What...  Did you expect them to cackle on camera and distribute it via newsreel throughout the world?

Thu, 02/16/2012 - 16:54 | 2167138 TruthInSunshine
TruthInSunshine's picture

Anyone who tries to cite facts to present a theory that such assassinations are deliberately engineered by powerful establishment types, maybe even of a mulitnational flavor, must be wrapped in tin foil.

It's not like Lee Harvey Oswald was a Marine Corps qualified 'expert' on the rifle range (which would've made him a great candidate to make a head shot a few hundred yards even with a relatively inexpensive bolt action rifle), or that Jack Ruby was some titty bar owner with ties to the underworld (that do dirty deeds for money or trade) who was so emotionally devastated by JFK's killing that he had to kill Oswald very shortly after his arrest, or that Lyndon Johnson was convinced that JFK was killed by The Money Masters, or anything like that...

I mean, it would be crazy to think that in the future, tens of thousands of PTSD vets who are proficient with weapons, returning from military misadventures in Iraq, Afghanistan and who knows where else, who may have stumbled onto bad job prospects, bad financial health, maybe a gambling, drinking or drug know....could be similarly used in such a way...



Tin Foil! Tin Foil!


Thu, 02/16/2012 - 18:10 | 2167440 Sophist Economicus
Sophist Economicus's picture

You misread me, I think. I think that the Rothchilds really did like Garfield and were genuine in their emotions. Garfield was against the greenback, was a hard money guy etc.

If that were true, it would kind-of taint the quote, wouldn't it?

Thu, 02/16/2012 - 18:21 | 2167472 Likstane
Likstane's picture

What are you saying?  You make no sense.

Thu, 02/16/2012 - 19:03 | 2167525 TruthInSunshine
TruthInSunshine's picture

Sophist, Garfield's quote speaks for itself, and pretty much efficiently states that the fractional reserve banking scam allows those who can expand or shrink the supply of fiat at their discretion to dispossess anyone of whatever they thought they owned - as long as they came into ownership via 'the system.'

Let's say you get very wealthy (however you wish to define that) because you bought commercial real estate right before The Money Masters expand the money supply by a factor of 14x over a period of 25 years (arbitrary numbers; just go with it).

You see the value of your commercial real estate climb by 2500%, and based on your initial investment (in the form of a loan representing debt), you now think you're 25x richer than at the time of signing the note.

Better yet (or so you think), you've levered up your debt by borrowing against the property you 'own,' and you've bought more of it at its current high price, or you've divested into another asset class that has also ripped higher.

However, just when you are able to name your own price on the land or what's built on it, as consumers pack stores to buy the latest & greatest iDoodles on their credit cards, some event occurs and the money supply is shrunk dramatically, and a credit contraction crisis is underway, whereby many lose their jobs, tenants can't pay rents, housing values plunge, few can afford to pay their mortgages on notes of any kind, etc...

What happens next, and are you wealthy or not?


Thu, 02/16/2012 - 19:56 | 2167721 Sophist Economicus
Sophist Economicus's picture

TIS, I agree the FED is an abomination. I was merely pointing out that Garfield was a hard money guy, and was very much against the greenback - which was a government issued currency that paid interest (like some anti-hard money types that rant about the 'money masters' want to see us go back to).

Garfield was know to speak with 'forked tongue', and that ones interpretation of the above quote can fit many money paradigms. I found it interesting that the Rothchilds seem to find Garfield a kindred spirit

Thu, 02/16/2012 - 19:41 | 2167545 Widowmaker
Widowmaker's picture

You need to "find" and watch the two mini-series' by Nigel Turner called "The Men Who Killed Kennedy."  It will become painfully clear from the interviews of those who were there that Oswald was a pawn.   Good shot?  Maybe.  Evidence is overwhealming that JFK was blown away by many.  Even the Secret Service abandoned protocol that day, and you can see upset officers called out of positions in the videos. 

Oswald was a CIA operative in South America, and after a botched fiasco down there became the straw man.  You, nor anyone else can explain the mysterious second set of prints on his rifle, either.

LBJ could have gone to prison for illegal campaign contributions (and laundering them) had he not become president -- many think he had a hand in the event (if even for turning a blind eye he was aware).  His hatred for the Kennedy's was no secret at all!  How many ex-presidents do you know that committed suicide but history has re-written as "apparent heart attack."  He retired a recluse, and submitted to depression.  GOOD FUCKING RIDDANCE!

You need to investigate your "facts" (that don't come from the same bullshit fucks and faggots that bring you your fraud money).

JFK's fatal shot (along with the front passenger shot in the throat from the front) was from a lone French assassin dressed as a cop on the grassy knole.  When the motorcade sped away that "cop" simply crossed the road (overpass with no traffic) into a railroad yard and into history.  How do we know this?  Because the same assassin was dispatched and reported back to a black-hand who confessed to the plot in excruciating detail in a French prison just before his own death from old age.  Ask yourself, why would Ruby be so enraged to murder Oswald?  Fucking be real about it -- there is no incentive for you or anyone else to react like that. Ruby's connections to mafia in New Orleans is well documented.

Do some research, nothing adds up across any part of the JFK story but stupid fucks accept the bullshit as reality every day -- look at your money, fraud markets, and fraud politics for God's sake.  It's ALL bullshit, nothing but.  Open wide.

Do yourself a favor and educate yourself, do your own research. You will find it is a slam dunk against the "official" fraud story Inc.  Your armchair commentary of regurgitated vomit from others tells us you haven't.

Tin foil is for suckers.


Thu, 02/16/2012 - 20:21 | 2167799 UP Forester
UP Forester's picture

The Secret Service abandoned protocol?


What's the protocol for when rogue airliners are crashing into buildings and the HNIC is stumbling through kiddie books in Florida?

Whisper in his ear and stand around looking tough?

Thu, 02/16/2012 - 21:50 | 2168006 I Got Worms
I Got Worms's picture

THIS is one of the most overlooked unexplainables. Apparently, Cheney was being tackled and whiisked away from his office in seconds, but they let the Pres sit there and finish the goat book, even though his location at that school was well publicized, then he gives a speech from the school's gym. Sheep I mention this to just glaze over and mumble something about "the fog of war".

Thu, 02/16/2012 - 23:04 | 2168204 Widowmaker
Widowmaker's picture

our mission:

  • to widen the scope of financial, economic and political information available to the professional investing public.
  • to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become.
  • to liberate oppressed knowledge.
  • to provide analysis uninhibited by political constraint.
  • to facilitate information's unending quest for freedom.

Fri, 02/17/2012 - 12:49 | 2170047 Kobe Beef
Kobe Beef's picture

Like Bush and Cheney weren't in on it.

Thu, 02/16/2012 - 16:20 | 2166997 Gene Parmesan
Gene Parmesan's picture

.- - - .- -.-. -.- .-- .- - -.-. ....

Thu, 02/16/2012 - 16:38 | 2167086 Brindle702
Brindle702's picture

JP CY ???  my Morse Code is rusty

Thu, 02/16/2012 - 16:52 | 2167143 Gene Parmesan
Gene Parmesan's picture


Thu, 02/16/2012 - 17:01 | 2167182 Badabing
Badabing's picture


Thu, 02/16/2012 - 17:10 | 2167218 Gene Parmesan
Gene Parmesan's picture

Stupid online translator. I junked myself.

Thu, 02/16/2012 - 16:34 | 2167078 battle axe
battle axe's picture

He was a commie....

Thu, 02/16/2012 - 17:04 | 2167199 Magnix
Magnix's picture

Why? What did he do that piss people off?

Thu, 02/16/2012 - 17:15 | 2167230 SamAdams1234
SamAdams1234's picture

If this terrorist quote  isn't the reason for NDAA and indefinite rendition, I can't think of any other/.

Thu, 02/16/2012 - 17:17 | 2167231 r00t61
r00t61's picture

This is indeed a great quote; however it's not accurate and cannot be sourced.

Garfield DID say the following in his inagural address (

"The prosperity which now prevails is without parallel in our history. Fruitful seasons have done much to secure it, but they have not done all. The preservation of the public credit and the resumption of specie payments, so successfully attained by the Administration of my predecessors, have enabled our people to secure the blessings which the seasons brought.

By the experience of commercial nations in all ages it has been found that gold and silver afford the only safe foundation for a monetary system. Confusion has recently been created by variations in the relative value of the two metals, but I confidently believe that arrangements can be made between the leading commercial nations which will secure the general use of both metals. Congress should provide that the compulsory coinage of silver now required by law may not disturb our monetary system by driving either metal out of circulation. If possible, such an adjustment should be made that the purchasing power of every coined dollar will be exactly equal to its debt-paying power in all the markets of the world.

The chief duty of the National Government in connection with the currency of the country is to coin money and declare its value. Grave doubts have been entertained whether Congress is authorized by the Constitution to make any form of paper money legal tender. The present issue of United States notes has been sustained by the necessities of war; but such paper should depend for its value and currency upon its convenience in use and its prompt redemption in coin at the will of the holder, and not upon its compulsory circulation. These notes are not money, but promises to pay money. If the holders demand it, the promise should be kept."

Garfield also said this, in a response to a Greenbacker resolution put forth in the House (

"It would convert the Treasury of the United States into a manufactory of paper money. It makes the House of Representatives and the Senate, or the caucus of the party which happens to be in the majority, the absolute dictator of the financial and business affairs of this country. This scheme surpasses all the centralism and all the Caesarism that were ever charged upon the Republican party in the wildest days of the war or in the events growing out of the war."

Garfield was a self-made man, and a fervent supporter of the gold standard, calling the greenback "...the printed lies of the government."  Let's not sully that memory by making up false quotes about him.  That's what T.H.E.Y. do all the time, by making up fake statistics and smothering us in Orwellian doublespeak about "quantitative easing" and "monetary policy."


Thu, 02/16/2012 - 17:45 | 2167339 ChacoFunFact
ChacoFunFact's picture

Gold back currency is not the solution.


Here’s how we do it.  The US government, not the fed, issues Debt Free “US notes”, that are legal tender.  The US Treasury then buys back all its pre-existing bonds in the open market with these debt-free notes.  Then they raise the reserve requirement at hometown banks at exactly the same time.  This will remove fractional reserve banking.  This will return the Federal Reserve Bank to their rightful station… empty.  Using gold is no good.  The amount of gold, for the most part, isn’t controlled by the US anymore (Fort Knox is empty, 2/3 of all gold is overseas, etc.).  The amount of “US notes” in circulation should be held in a tight band where the amount is allowed to increase or decrease as a function of population.  Every President in the past that has tried to change this has gotten hurt or worse.


Why is fractional reserve banking a bad idea?  When the US borrows from the Federal Reserve Bank the Federal Reserve Bank only issues the amount of principal requested by the US.  It should, but doesn’t, also issue enough money to also account for the interest payments the US government will owe back to the privately held Fed.  So where does the government go to get this additional non printed money to make good on the interest?  By borrowing more.

Thu, 02/16/2012 - 18:45 | 2167533 TaxSlave
TaxSlave's picture

Good thing you're not the Dick Tater of the U.S.

The only thing as bad as illegitimate debt as a basis for paper money is paper money with zero cost!  What fucking planet do you suppose houses a Government that could restrain itself from printing free money??  It ain't this one! What we have now is an economy suffering from too much money creation; the credit bill hasn't even come due yet! (And it will never be paid, besides.)  Paper money is theft, it is evil, and it's hard to believe anyone would be innocently stupid enough to advocate the Zimbabwe option.

Look, if there's a player in the game that can print money, that player ends up owning EVERYTHING.

You need to check your premises. Central planning doesn't work, it can't work, it never worked.  We don't need assholes centrally planning our economy, and we don't need assholes centrally devaluing our savings.  And we don't need a bunch of asshole regulators running around telling people what kind of money to use, how to save, how to run their banks, or any of the rest of it.

All we need is the freedom to use any currency we want.  Those of us with a brain will use some kind of a commodity, and will not save it in any fractional reserve ponzi scheme bank.

These Greenbacker schemes are getting awful tiring. Fuckin authoritarian jerks.

Thu, 02/16/2012 - 19:52 | 2167714 r00t61
r00t61's picture

No kidding. 

The only thing worse than banker-controlled academic wonks in charge of the currency and interest rates would be banker-controlled politician sociopaths in charge of the currency and interest rates.

Trading cancer for heart disease is no solution at all.

Thu, 02/16/2012 - 22:06 | 2168047 ChacoFunFact
ChacoFunFact's picture

a currency dictated by population size is what?

Thu, 02/16/2012 - 23:05 | 2168040 ChacoFunFact
ChacoFunFact's picture

Taxslave, during the Greenback era, what would your federal income taxes have been?


Also, please tell me more about "a free market in asset-backed currencies", how is it better?  I see that by being backed by assets there would be a natural limit to the amount of currency in circulation by definition.  But who would be the custodian of the asset(s) and why wouldn't that matter?  C'mon, what's so bad about colonial script if its quantity is transparently defined and fractional reserve banking dismantled?

Thu, 02/16/2012 - 18:01 | 2167402 AL_SWEARENGEN

"Congress should provide that the compulsory coinage of silver now required by law may not disturb our monetary system by driving either metal out of circulation."


Garfield is correct in pursuing Silver.  Bryan gave his famous 'Cross Of Gold speech back in 1896 decrying a Gold only standard.   In those days the Gold market had been cornered by big interests and deflation was a problem to debt ladened farmers and others.  'Free Silver' advocates wanted bimetallism.  They wanted Silver so that inflation increased because in those times deflation existed due in large part because of a Gold only monetary standard!  

Thu, 02/16/2012 - 17:55 | 2167381 jekyll island
jekyll island's picture

Execerpt from Wiki:  Garfield had lain on his sickbed for 80 days without performing any of the duties of his office except for the signing of an extradition paper, but this did not prove to be a difficulty because in the 19th century the federal government effectively shut down for the summer regardless

Oh, that we could have the government shut down for 3 months again.  Happy days. 

Thu, 02/16/2012 - 16:11 | 2166950 economics1996
economics1996's picture

ON SEPTEMBER 6 1901, a 28 year old, Leon Czolgosz, walked into the Pan-American Exposition in Buffalo NY where McKinley was speaking and shot McKinley twice in the abdomen at point blank range. McKinley died a week later and “Teddy” Roosevelt was sworn in as President, much to the delight of the NY Jews.

McKinley was the last president to support the gold standard. 

Thu, 02/16/2012 - 16:15 | 2166973 economics1996
economics1996's picture

Prior to the assassination, Leon Czolgosz had fallen in with Emma Goldman’s anarchist crowd at Sach’s Cafe on Suffolk Street, their headquarters in New York City’s Lower East Side. (NYC’s Lower East Side was where Trotsky, owing to Jacob Schiff’s financial support, had recruited many communist Jews to travel with him to Russia to incite the October Revolution of 1917.)

Emma Goldman’s crowd had broken away from main-line socialists who were “under the eye of a paternal government.” Instead, Goldman’s crowd preached that social change could only be achieved through violence and assassinations. They preached that capitalists would never change on their own volition. Thus it was here at Sach’s Cafe that the assassination plot against President McKinley, a “capitalist,” was hatched.

One member of Emma Goldman’s group, the Jew, Julius Edelson, was quoted by the NY police as saying to them:

— “No matter how much Czolgolz has been damned for his good work, we know that he was a great man. He was a true hero.” — See: “Anarchists Attack Police” Here

And not only this, Emma Goldman, is extolled as a “heroine” — even though she preached violence to attain her anarchist aims as recorded in The Jewish Women Archives:

— “Emma Goldman refused to condemn Czolgosz and other like-minded individuals who were driven to acts of violence against representatives of the capitalist system. Emma Goldman admired the sensitivity that led Czolgosz to this extreme.” —

Indeed - in Emma Goldman’s autobiography, Living My Life, when describing her arrest after McKinley’s assassination, she wrote, “My sympathies were with Czolgosz.”

Fri, 02/17/2012 - 12:57 | 2170088 Kobe Beef
Kobe Beef's picture

Excuse me, did you say Goldman.. Sachs?

Thu, 02/16/2012 - 16:17 | 2166983 BanksterSlayer
BanksterSlayer's picture

and exactly 100 years before 9-11, no less??

Thu, 02/16/2012 - 16:26 | 2167028 fuu
fuu's picture

Just like they tried to do Jackson.

Thu, 02/16/2012 - 16:34 | 2167076 Dr. Richard Head
Dr. Richard Head's picture

Why did they not try to kill President Cleveland then? He was a straunch supporter of sound money and a freaking democrat. 

Thu, 02/16/2012 - 17:03 | 2167189 earleflorida
earleflorida's picture

Grover Cleveland is the "ONLY" president in american history to have been elected to two non-consecutive terms

Thu, 02/16/2012 - 16:42 | 2167097 AL_SWEARENGEN

Only & all assassinated presidents (Jackon survived two attempts on his life) took on the banking elite.  GOD PROTECT RON PAUL.

Thu, 02/16/2012 - 17:46 | 2167344 Dan Conway
Dan Conway's picture

They already assassinated his character. 

Thu, 02/16/2012 - 20:10 | 2167766 Moe Howard
Moe Howard's picture

Those citiziems blobbing cocksuckers.

Thu, 02/16/2012 - 16:58 | 2167168 earleflorida
earleflorida's picture

FWIW Dept:

Abraham Lincoln #16 - Assassinated __  4/15/1865 *[died]

James Abram Garfield #20 - Assassinated __ 9/19/1881 *[died]

William McKinley #25 - Assassinated __ 9/14/1901 *[died]

Three [3] United State Presidents 16 yrs/ 20 yrs = 36 Years/3 = ~12Yrs Avg.

nice post 

Thu, 02/16/2012 - 17:31 | 2167290 SMG
SMG's picture

Not Jews, Illuminati.  Teddy Roosevelt was a Mason, and the Mason's are controlled by the Illuminati.   Also look how the US's foreign policy changed when TR got to office. Interesting.

Thu, 02/16/2012 - 17:43 | 2167329 dracos_ghost
dracos_ghost's picture

There are no Illuminati. The Illuminati are a myth.


--This message brought to you by the Illuminati.

Thu, 02/16/2012 - 16:13 | 2166958 Badabing
Badabing's picture

WHAT did he just say?

shoot that peice of shit!

Thu, 02/16/2012 - 16:40 | 2166976 Banksters
Banksters's picture


Henry Kissinger declared in the 1970’s, ‘If you control the oil you control the country; if you control food, you control the population.

Now, if one looks at the corporate industrial food glop - e.g. deep fried cheese doodles and neurotoxic soda, that people consider food and the state of health in our nation, it is clear that Kissinger and his cronies have been quite busy. 


Thu, 02/16/2012 - 16:33 | 2167060 SteveGennisonBa...
SteveGennisonBallWasher's picture

Wow didnt know that he was involved in this whole monetary charade as well.  His memorial, preserved home is a two minute walk from my home in Mentor, OH.  Maybe I'll go check it out finally.

Thu, 02/16/2012 - 16:36 | 2167084 LongSoupLine
LongSoupLine's picture
I believe that banking institutions are more dangerous to our liberties than standing armies. - Thomas Jefferson
Thu, 02/16/2012 - 17:27 | 2167274 citta vritti
citta vritti's picture

fwiw, wikiquotes suggests 

"This is probably a paraphrase of the “absolute dictator” quote (see Sourced [below]), followed by commentary by someone else that has been misattributed to Garfield."

What Garfield did say (and it comes to the same thing) is the following (and note the interesting acknowledgment of the Republican party's increasingly dictatorial bent during the civil war - some things don't change - even the dimocrat version of the DePublicRats would agree, we're now with Orwell, "We've always been at war with Eastasia."):

"It would convert the Treasury of the United States into a manufactory of paper money. It makes the House of Representatives and the Senate, or the caucus of the party which happens to be in the majority, the absolute dictator of the financial and business affairs of this country. This scheme surpasses all the centralism and all the Caesarism that were ever charged upon the Republican party in the wildest days of the war or in the events growing out of the war.

Thu, 02/16/2012 - 18:32 | 2167495 The Navigator
The Navigator's picture

Lindberg and Congressman Louis T. McFadden

McFadden was the Ron Paul of the 1930's and railed against the Fed until he died of poisoning in 1936.

Thu, 02/16/2012 - 16:08 | 2166915 john39
john39's picture

guess you don't have to wonder why politicians all sound like bloody idiots when it comes to "real" issues like monetary policy.

Thu, 02/16/2012 - 16:13 | 2166917 Ahmeexnal
Ahmeexnal's picture

Today's markets are showing unmistakeable clear cliff chart.
Hope you are wearing your golden parachutes.

Thu, 02/16/2012 - 16:21 | 2167003 LongSoupLine
LongSoupLine's picture

options expiration tomorrow...the MM's will hold strikes to the death.

Thu, 02/16/2012 - 16:42 | 2167099 Manthong
Manthong's picture

and you can bet any downgrades of anything will come out a couple days or so afterwards.

Thu, 02/16/2012 - 16:08 | 2166918 Troll Magnet
Troll Magnet's picture

Shalom Shalom, Bitchez!!!

Thu, 02/16/2012 - 16:25 | 2167023 GOSPLAN HERO
GOSPLAN HERO's picture

is female dog meat kosher?

Thu, 02/16/2012 - 16:08 | 2166923 GeneMarchbanks
GeneMarchbanks's picture

Krieger, Garfield is the most ridiculous cat ever why you takin' him so seriously?

Thu, 02/16/2012 - 16:09 | 2166927 TruthInSunshine
TruthInSunshine's picture

This is one of my favorite quotes of all time, and one of the least cited gems of wisdom.

Garfield was assassinated before he was able to do much in the way of righting any wrongs.


History. It's a bitch. And jackals...they're everywhere and nowhere, bitchez.

Thu, 02/16/2012 - 16:11 | 2166945 falak pema
falak pema's picture

The Money Masters Are Living in Fear

Politics / Credit Crisis 2012Feb 15, 2012 - 07:05 AM

By: Rudy_Avizius

“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 few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” – President James Garfield, 2 weeks before his assassination.

Amazing... I read this just three hours ago...and I loved it! 

Thu, 02/16/2012 - 16:19 | 2166963 TruthInSunshine
TruthInSunshine's picture

Here's another from someone who wa far more powerful than President Garfield  (read carefully and think about the events of today):


"Banking was conceived in iniquity and was born in sin.
The Bankers own the earth. Take it away from them,
but leave them the power to create deposits,
and with the flick of the pen they will
create enough deposits to buy it back again.
However, take it away from them, and
all the great fortunes like mine
will disappear and they ought to disappear, for
this would be a happier and better world to live in.
But, if you wish to remain the slaves of Bankers
and pay the cost of your own slavery,
let them continue to create deposits."



--Sir Josiah Stamp


President of the Bank of England  (in the 1920's, the second richest man in Britain)  

**Speaking at the Commencement Address of the University of Texas, in 1927

Thu, 02/16/2012 - 16:20 | 2167001 blu
blu's picture

Chilling. But we've come around this corner so many times, it cannot be the bankers alone.

It is all of us.

We are doing something wrong. Something that they can hook onto and ride us with.

What are we constantly doing wrong?

It is a rhetorical question, for I know the answer. But I will not say it nor did Sir Josiah Stamp. Although he very nearly did.

Thu, 02/16/2012 - 21:09 | 2167900 old naughty
old naughty's picture

so, forgive we had sinned.

Thu, 02/16/2012 - 16:22 | 2167002 sabra1
sabra1's picture

"i control your money, i control you"

-my wife

Thu, 02/16/2012 - 16:44 | 2167105 Dr. Richard Head
Dr. Richard Head's picture

What's mine is hers and what's hers is hers. - unknown

Thu, 02/16/2012 - 17:02 | 2167188 DaveyJones
DaveyJones's picture

at least mine lets me share her underwear - undecided

Thu, 02/16/2012 - 17:17 | 2167234 _ConanTheLibert...
_ConanTheLibertarian_'s picture

No one shall ever take away my freedom (that includes creatures of the opposite sex)

- me

Thu, 02/16/2012 - 17:31 | 2167285 TruthInSunshine
TruthInSunshine's picture

"They may take our wives, but our wives will never take...our remote controls!"


-- William Pussywhipped Wallace

Thu, 02/16/2012 - 17:31 | 2167289 Dr. Richard Head
Dr. Richard Head's picture

That patch of hair can move a mountain. - Rocco - My Barber

Thu, 02/16/2012 - 17:22 | 2167255 fourchan
fourchan's picture


Thu, 02/16/2012 - 17:26 | 2167271 SemperFord
SemperFord's picture

Which is why I am happily divorced :D

Thu, 02/16/2012 - 18:12 | 2167445 LongBallsShortBrains
LongBallsShortBrains's picture

"They got half the money and all the pussy"--- UNKNOWN

Thu, 02/16/2012 - 16:29 | 2167044 css1971
css1971's picture

This one can't be attributed.

Thu, 02/16/2012 - 16:45 | 2167112 falak pema
falak pema's picture

somebody richer than him...must have been the king, or King Solomon of the colonial mines!

Thu, 02/16/2012 - 17:02 | 2167193 samsara
samsara's picture

Rothchilds of the Red Shield

Thu, 02/16/2012 - 16:26 | 2167025 TruthInSunshine
TruthInSunshine's picture

Fractional reserve banking is the ultimate tool of the debt serf trade. It doesn't matter how smart, talented or even prosperous you are (which is what Sir Josiah Stamp, who was part of the Big Club, was outright proclaiming). When you live under the thumb of fractional reserve bankers, and those who give them their orders, you'll never be truly free.

All our sovereignty are belong to them.


Thu, 02/16/2012 - 16:11 | 2166937 tony bonn
tony bonn's picture

i believe that mr garfield was murdered by a cabal of money changers

Thu, 02/16/2012 - 16:11 | 2166939 Stoploss
Stoploss's picture

Keep going. Keep digging. All US presidential assinations have one thing in common. This this the best example.

Thu, 02/16/2012 - 16:14 | 2166967 Stoploss
Stoploss's picture

Reagan fought the system, but his assination was unsuccessful, although convincing enough. That's why debt began to explode in 1980.  Get it?

Thu, 02/16/2012 - 16:19 | 2166989 economics1996
economics1996's picture


Thu, 02/16/2012 - 16:22 | 2167005 blu
blu's picture

Reagan didn't need assisinating to get him to invent Reaganomics.

Thu, 02/16/2012 - 16:32 | 2167058 AgShaman
AgShaman's picture

Yep....if they thought they were presidents that had power that didn't flow from the Bankers....then they were "put down".

"Old Hickory" avoided getting sass-inated cuz the pistolas didn't fire

If you don't wanna play by the rules set forth by the will be "dealt with"

Thu, 02/16/2012 - 17:01 | 2167180 roadhazard
roadhazard's picture

Obama found that out about the day after he took office.  It does zero good to vote.

Thu, 02/16/2012 - 17:21 | 2167252 pods
pods's picture

They probably escort the president to a little room right after they are sworn in to tell them how things really are.  

Thu, 02/16/2012 - 17:31 | 2167288 kridkrid
kridkrid's picture

I don't think there is any way they take that long.

Thu, 02/16/2012 - 18:07 | 2167421 The Navigator
The Navigator's picture

In that little room, they show them the Zapruder film.

Thu, 02/16/2012 - 18:40 | 2167518 Clay Hill
Clay Hill's picture

...from an angle you've never seen before.

Thu, 02/16/2012 - 18:41 | 2167521 Struan
Struan's picture

Obama is perfect to fool the masses with his body language and speech.

Thu, 02/16/2012 - 19:24 | 2167628 Sunshine n Lollipops
Sunshine n Lollipops's picture

I never hear about shylocks being assassinated, much to my disappointment.

Thu, 02/16/2012 - 16:11 | 2166940 Yen Cross
Yen Cross's picture

Cockazilla Minumus<

Thu, 02/16/2012 - 16:12 | 2166951 fonzannoon
fonzannoon's picture

So did we all bail on TVIX today? Whats the deal?

Thu, 02/16/2012 - 16:27 | 2167034 Panafrican Funk...
Panafrican Funktron Robot's picture

How far away is /es from the 5 day moving average?  That's a pretty good key.

Thu, 02/16/2012 - 16:45 | 2167107 Comay Mierda
Comay Mierda's picture

BTFD.  bullish moving average cross over and upward triangle forming over last 10 days.  price target of $26 after breakout which should happen in the next 4 days or so

Thu, 02/16/2012 - 17:20 | 2167246 Yen Cross
Yen Cross's picture

Haven't seen the chart. Look for a back fill, then buy. Upward triangles generally get rejected S/T. Are you working a double bottom?

Thu, 02/16/2012 - 17:52 | 2167363 Comay Mierda
Comay Mierda's picture

who knows.  the less risky trade would be to buy the breakout. but the moving average cross over (4,9,18) on the daily chart has me optimistic that the upward triangle wont fail

Thu, 02/16/2012 - 16:12 | 2166954 LawsofPhysics
LawsofPhysics's picture

Precisely why if I am going to make any bets, I always  bet on the devils I know.

Thu, 02/16/2012 - 16:12 | 2166955 zerotohero
zerotohero's picture

Secret handshake anyone? How bout a decoder ring?

Thu, 02/16/2012 - 16:13 | 2166957 Bunga Bunga
Bunga Bunga's picture

That quote is so 2008!

Thu, 02/16/2012 - 16:13 | 2166960 Alex Kintner
Alex Kintner's picture

Reanimate Garfield 2012.  My new bumper sticker.

Thu, 02/16/2012 - 17:19 | 2167240 mqg25
mqg25's picture

Unfortunately your average American would interpret your bumper sticker as re-animating a cat.

Thu, 02/16/2012 - 21:07 | 2167892 old naughty
old naughty's picture they named a cat after Garfield,

to con-fuse us all here today,

about what Garfield, the prez, tried/failed to do,

including the Rothchild bit...

this is so deep.

How do they know we'll be blogging around Garfield today?



Relax...would you. Have a quiet day.

Thu, 02/16/2012 - 18:05 | 2167415 mayhem_korner
mayhem_korner's picture



"Weekend at Jimmy's"...?

Thu, 02/16/2012 - 16:14 | 2166966 famousamos
famousamos's picture

Guiteau was formally indicted on October 14, 1881, for the murder of the President. Guiteau was executed on June 30, 1882.[229] He was also heard to claim that important men in Europe put him up to the task, and had promised to protect him if he were caught.[230]


Thu, 02/16/2012 - 16:15 | 2166968 Jayacts
Jayacts's picture

Beautiful, man.

Thu, 02/16/2012 - 16:17 | 2166970 Mercury
Mercury's picture


Gold is money.  Everything else is credit.

                     -J.P. Morgan

Now you connect the dots.

Thu, 02/16/2012 - 18:06 | 2167418 mayhem_korner
mayhem_korner's picture



Wasn't J.P. Morgan that chick on The Gong Show with Chuck Barris?

Thu, 02/16/2012 - 16:15 | 2166972 Pretorian
Pretorian's picture

1% screw 99%

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