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The Relationship Between
Liberty And Economy

By Gary Jacobucci

Notes to Myself -

The founding fathers wrote a great deal of the importance in keeping the control of our currency in the hands of the Republic. There are hundreds of critical thought that must be absorbed before trying to grasp the relationship of a sovereign monetary system to national sovereignty and personal liberty.

Ignota nulla curatio morbi! ­ Do not attempt to cure what you do not understand!

Historian Dee Zahner writes of America's beginnings: " At the time a small group of merchants, planters and lawyers met in Philadelphia in June of 1775 to see whether they might govern themselves, kings still ruled in France and England, a Czarina in St, Petersburg, a Sultan in Constantinople, a Divinely Invested Emperor in Peking and a Shogun in Japan.

"Because of a willingness to profit from the lessons of history, the Founding Fathers adopted a constitution that nowhere mentioned a democracy; neither did the Declaration of Independence, nor a single constitution of the states. What the founding fathers did choose to establish was a government of written and permanent law. Realizing that men can only remain free by limiting political power, these laws restricted the power of government. Rather than innumerate a long list of freedoms guaranteed to the people, they enumerated a short list of what government could and could not do. Basically, this limited government to protecting life, liberty and property. To guard against usurpation of power, they divided the power into three branches of the Federal Government, the states and the people. What the founding fathers gave us was a Constitutional Republic."

Ben Franklin writes; "The inability of Colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the prime reason for the Revolutionary War."

Thomas Jefferson  / Author of The Declaration of Independence, Founding Father, 3rd US President: "If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."

"We must not let our rulers load us with perpetual debt. We must make our election between economy and liberty or profusion and servitude. If we run into such debt, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our calling and our creeds...we have no time to think, no means of calling our miss-managers to account but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers. And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for another till the bulk of society is reduced to be mere automatons of misery. And the fore-horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression."

Some 60 years later, Abraham Lincoln, 16th President of the United States, was writing: "I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of our country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until wealth is aggregated in a few hands and the republic is destroyed."

"The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than the aristocracy, more selfish than the bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes."

Some 60 years later, Woodrow Wilson was writing of his complicity the creation of the Federal Reserve System - a multi-national corporation owned by the world's leading banking families: "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."

In one of the early battles against a corporate takeover of America's banking system (1830's), President Andrew Jackson ('Old Hickory') stated: "You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out." 

John Maynard Keynes (1883-1946), the world-renowned economist wrote, "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 laws on the side of destruction, and does it in a manner which not one in a million is able to diagnose."  

A communiqué from the Rothschild Brothers of London to associates in New York June 25, 1863 stated: "The few who understand the system, will either be so interested in its profits, or so dependent on its favors that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantages...will bear its burden without complaint, and perhaps without suspecting that the system is inimical to their best interests."

"Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve system have never been audited. It operates outside the control of Congress and manipulates the credit of the United States." - Barry Goldwater, R-AZ

"The real truth of the matter, as you and I know, is that a financial element in the large centers has controlled government ever since the days of Andrew Jackson." - FDR 1933

"Give me control of a nation's money and I care not who makes her laws."

- Mayer Amschel Rothschild's (1744 -1812), Godfather of the Rothschild Banking Cartel

Charles Lindbergh Sr., father of the famous aviator and one of the greatest opponents to the establishment of the Fed, wrote; "From now on, boom and bust, recession and depression, are going to be scientifically created."

Ben Bernanke, current Chairman of the Federal Reserve, is particularly interested in the economic and political causes of the Great Depression, on which he has written extensively. On Milton Friedman's ninetieth birthday, Nov. 8, 2002, he stated: "Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression - You're right, we did it. We're very sorry. But thanks to you, we won't do it again."

A statement taken from the Banker's Manifest, for private circulation among leading bankers only in 1934, at the height of the Great Depression, shows the less than friendly intentions of the central banking system in America: "Capital must protect itself in every way...Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principal men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd."

Prior to becoming Federal Reserve Chief, Alan Greenspan wrote: "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."

Shortly after taking over for Greenspan, Ben Bernanke began the double-speak: "The U.S. government has a technology, called a printing press that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation."

"All of the old-timers knew that subprime mortgages were what we called neutron loans - they killed the people and left the houses." - Louis S. Barnes, a partner at Boulder West, a mortgage banking firm.

When President Regan was elected, one of the first things he did was appoint a blue ribbon panel of business people headed by Peter Grace. Commonly referred to as the Grace Commission, their job was to research all the various areas of the federal government and make a report. One of the quotes from the Grace Commission report states, "...100% of what is collected is absorbed solely by interest on the Federal Debt. All individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government."

Carroll Quigley, referred by many as 'historian to the elite ­ and mentor to future president Bill Clinton while at Georgetown University, writes in 'Tragedy and Hope' -"The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

Thomas Jefferson reflected upon our chances of preserving our republic, "Yes, we did produce a near-perfect republic. But will they keep it? Or will they, in the enjoyment of plenty, lose the memory of freedom? Material abundance without character is the path of destruction."

Ben Franklin reflected on the Constitution: "This is likely to be administered for a course of years and then end in despotism... when the people shall become so corrupted as to need despotic government, being incapable of any other."

Cicero wrote, lamenting the fall of his beloved Roman republic: "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and he carries his banners openly. But the traitor moves among those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not traitor, he speaks in the accents familiar to his victims, and he wears their face and their garments, and he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of a city, he infects the body politic so that it can no longer resist. A murderer is less to be feared."

Sir John Stamp; former governor of the Bank of England made one of the most poignant statements on the central banking systems from an insiders point of view: "The modern banking system manufactures money out of nothing. The process is perhaps the most astonishing piece of slight of hand ever invented. Banking was conceived in iniquity, and born in sin. Bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of a pen, they will create enough money to buy it back again. Take this great power away from them, and all great fortunes like mine will disappear. And, they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be the slaves of the bankers, and pay the

cost of your own slavery, then let bankers continue to create money, and control credit."

"How soon the labor of men would make a paradise of the whole earth, were it not for misgovernment and selfish interests." ­ Thomas Jefferson, 1825

Gary Jacobucci / jacob48@citlink.net



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