A Quote by G. Edward Griffin

In the North, the sale of government bonds was the one measure for raising funds that seemed to work. Even that, however, with the lure of compounded interest to be paid in gold at a future date, failed to raise more than about half the needed amount. So the Union faced a real dilemma. The only options remaining were (1) terminate the war or (2) print fiat money. For Lincoln and the Republicans who controlled Congress, the choice was never seriously in doubt.

G. Edward Griffin

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About Amount Bonds Choice Congress Controlled Date Dilemma Doubt Even Faced Failed Fiat Funds Future Gold Government Half However Interest Lincoln Lure Measure Money More Needed Never North Only Options Paid Print Raise Raising Real Remaining Republicans Sale Seemed Seriously Than Union War Were Work

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G. Edward Griffin
American - Author
Born: November 7, 1931

In the North, neither greenbacks, taxes, nor war bonds were enough to finance the war. So a national banking system was created to convert government bonds into fiat money, and the people lost over half of their monetary assets to the hidden tax of inflation. In the South, printing presses accomplished the same effect, and the monetary loss was total.

G. Edward Griffin

No capitalists after any war were ever so well paid for money loaned to the nation that carried it on. No class of money-makers ever gained such prosperity by any other war, as our War for the Union brought to the money-getters of America. All this was due in great measure to the rank and file of the Union army. Now let no rich man haggle with a needy veteran of that war about his right to a pension!

Rutherford B. Hayes

With nearly two years remaining in his presidency, George W. Bush is alone. In half a century, I have not seen a president so isolated from his own party in Congress - not Jimmy Carter, not even Richard Nixon as he faced impeachment. Republicans in Congress do not trust their president to protect them.

Robert Novak

Large sums were paid for the use of money, because the available amount of gold and silver was far less than was needed to carry on the commercial transactions of the times.

John Buchanan Robinson

When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans.

Ron Paul

From the union of power and money, from the union of power and secrecy, from the union of government and science, from the union of government and art, from the union of science and money, from the union of ambition and ignorance, from the union of genius and war, from the union of outer space and inner vacuity, the Mad Farmer walks quietly away.

Wendell Berry

I loved my father, but I was not like him. I never needed to believe the best of people. I took them as they were: two-faced, desperate, kind - perhaps all at once. But to Pa, they were all children of god, poor troubled sheep, who only needed love and an even break. He needed the world to back up what his religion told him about people. And when it came down to a choice between reason and faith, he let go of reason.

Marcel Theroux

If you hope to have more money tomorrow than you have today, you've got to put a chunk of your assets into stocks. Sooner or later, a portfolio of stocks or stock mutual funds will turn out to be a lot more valuable than a portfolio of bonds or CDs or money-market funds.

Peter Lynch

In our government-controlled schools we are taught that Lincoln was our greatest president because his war ended slavery and saved the Union. As usual, the other side of the story - the side that reflects poorly on the government - somehow gets lost.

Richard J. Maybury

To finance deficits, the government must sell bonds to investors, competing for capital that could otherwise be used to invest in stocks or corporate bonds. Government borrowings raise long-term interest rates, stifling economic growth.

Alex Berenson

It’s sad. Marxism didn’t work. Communism didn’t work. Capitalism doesn’t work. Nothing works. Even democracy doesn’t work. Democracy-the greatest form of government and we have two choices for who’s our leader. In fascism you only have one choice. That’s great. We have one more choice than the worst form of government.

Colin Quinn

I think, a general anxiety, after the end of the Cold War, to find a new basis for affirming American nationhood. And perhaps another, in plainer terms, is the lure of the approaching Abraham Lincoln bicentennial has been made a resurgence in interest in Lincoln.

Allen C. Guelzo

When you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and has a powerful influence on interest rates and the price of government bonds. And that's why central banks long have tried to suppress the price of gold. Gold is the ticket out of the central banking system, the escape from coercive central bank and government power.

James Rickards

Republicans controlled the federal government for decades after the Civil War, and their policies funneled wealth upward -- with dire consequences. In 1893, the economy crashed, and too few Americans had enough purchasing power to revive it. Lincoln had been right: Government that served the wealthy would ruin the country.

Heather Cox Richardson

In the depth of the near depression, that he faced when he came in, Barack Obama and Democratic leaders in Congress provided 'recovery funds' that literally kept our classrooms open. Two years ago, these funds saved nearly 20,000 teacher and education jobs - just here in North Carolina.

Jim Hunt

In 2008, people who invested in hedge funds needed capital badly, but many of the funds would not return their money. However, I gave money back to any investor who requested it. It was the bottom of the market and a pretty tough time.

Carl Icahn

A Quote by G. Edward Griffin

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