Michael Maloney Quotes

#1. Here's the dirty little secret: Fiat currency is designed to lose value. Its very purpose is to confiscate your wealth and transfer it to the government. Each time the government prints a new dollar and spends it, the government gets the full purchasing power of that dollar.

Michael Maloney

#2. On August 28, 1933, Roosevelt signed Executive Order 6260, outlawing the constitutional right of U.S. citizens to own gold.

Michael Maloney

#3. There are basically two kinds of tax, the kind the masses can see, and the kind they can't. The inflation tax is of the second kind.

Michael Maloney

#4. You can never really own real estate for instance; if you think you can, just try not paying your property taxes for a few years.

Michael Maloney

#5. Gold and Silver have been the predominant currency for 4,500 years, but they became money in Lydia, in about 680 B.C. When they were minted into coins of equal weight in order to make trade easier and smoother. But it was when coinage first made its appearance in Athens that it truly flourished.

Michael Maloney

#6. It's not what the price of gold is that matters, but rather how much stuff it will buy.

Michael Maloney

#7. The easiest way to buy silver was to take a paper dollar to the bank and ask for change. So much coinage was disappearing from circulation that the government was forced to remove silver from U.S. coinage beginning in 1965.

Michael Maloney

#8. Ever since the Federal reserve was born, (in 1913) we have been living under a lie.

Michael Maloney