"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)
I believe that banking institutions are more dangerous to our liberties than standing armies.
Thomas Jefferson
"The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating."
-Thomas Jefferson
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance."
-James Madison
"If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations.
-Andrew Jackson "The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity."-Abraham Lincoln
I have two great enemies, the Southern army in front of me and the bankers in the rear. And of the two, the bankers are my greatest foe.
- Abraham Lincoln
"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 autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes."
- Abraham Lincoln
"The issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to provisions [which] would place our currency and credit system in private hands." Theodore Roosevelt
"The real truth of the matter is, as you and I know, that a financial
element in the large centers has owned the government ever since
the days of Andrew Jackson" -Franklin D. Roosevelt
(in a letter to Colonel House, dated November 21, 1933)
When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes Money has no motherland; financiers are without patriotism and without decency; their sole object is gain. Napoleon Bonaparte, Emperor of France, 1815
The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots and the bankers went anew to grab the riches. I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America and use it to systematically corrupt civilization. - Otto von Bismark (1815-1898), German Chancellor, after the Lincoln assassination.
Money plays the largest part in determining the course of history.
Karl Marx writing in the Communist Manifesto (1848).
"That this House considers that the continued issue of all the means of exchange be they coin, bank-notes or credit, largely passed on by cheques by private firms as an interest-bearing debt against the public should cease forthwith; that the Sovereign power and duty of issuing money in all forms should be returned to the Crown, then to be put into circulation free of all debt and interest obligations Captain Henry Kerby MP, in an Early Day Motion tabled in 1964.
Banks lend by creating credit. They create the means of payment out of nothing. Ralph M Hawtry -former Secretary of the Treasury.
our whole monetary system is dishonest, as it is debt-based We did not vote for it. It grew upon us gradually but markedly since 1971 when the commodity-based system was abandoned. The Earl of Caithness, in a speech to the House of Lords, 1997.
BANKERS
The bank hath benefit of interest on all moneys which it creates out of nothing.” William Paterson, founder of the Bank of England in 1694, then a privately owned bank
The few who understand the system will either be so interested in its profits or be so dependent upon its favours 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 advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests. The Rothschild brothers of London writing to associates in New York, 1863.
The banks do create money. They have been doing it for a long time, but they didn’t realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it.”
H W White, Chairman of the Associated Banks of New Zealand - to the New Zealand Monetary Commission, 1955.
Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal that there is no human relation between master and slave. Leo Tolstoy, Russian writer.
The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency. Major L L B Angus.
The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent. John Kenneth Galbraith (1908- ?), former professor of economics at Harvard, writing in Money: Whence it came, where it went (1975).
Replies
The fix is to have the Congress through the Bureau of Engraving and Printing create our money and spend it into circulation to pay for the building and upkeep of all the roads in the nation, in lieu of taxes and borrowing. After they have created about $5 trillion, the ability of the banking system to create money should slowly be shut down. To learn more go to www.wealthmoney.org
Secondly, repudiate all of the almost $18 trillion debt. Shut down the federal reserve and prepare for war.