Overflight, 62

Rothbard writes:
«In short, since there were not enough private savers willing to finance the deficit, Paterson and his group were graciously willing to buy government bonds, provided they could do so with newly−created out−of−thin−air bank notes carrying a raft of special privileges with them. This was a splendid deal for Paterson and company, and the government benefited from the flimflam of a seemingly legitimate bank’s financing their debts… As soon as the Bank of England was chartered in 1694, King William himself and various members of Parliament rushed to become shareholders of the new money factory they had just created.»”
G. Edward Griffin, The Creature from Jeckyll Island, A Second Look at the Federal Reserve

“Cordell Hull remarks in his Memoirs: «The conflict forced the further development of the income−tax principle. Aiming, as it did, at the one great untaxed source of revenue, the income−tax law had been enacted in the nick of time to meet the demands of the war. And the conflict also assisted the putting into effect of the Federal Reserve System, likewise in the nick of time.»
One may ask, in the nick of time for whom? Certainly not for the American people, who had no need for "mobilization of credit" for a European war, or to enact an income tax to finance a war. Hull’s statement affords a rare glimpse into the machinations of our "public servants".”
Eustace Mullins, The Secrets of the Federal Reserve, The London Connection

“Today the debt, public and private, is nothing more than an artificial construction based on a usurocratic propaganda, an invention with which peoples are enslaved to work and to a useless production with the sole purpose of maintaining power by a small elite.”
Daniele Pace, The Utopian Money