Ĝ As President John Adams
said, "All the perplexities, confusion and distress (Ed. note - crime,
poverty, substance abuse, family disintegration, government immorality and
dishonesty, etc.) in
Consider what these rather well-known men have said in the past:
Ĝ I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs. - President Thomas Jefferson.
Ĝ The youth who can solve the money question will do more for the world than all the professional soldiers of history. - Henry Ford Sr.
Ĝ Whoever controls the volume of money in any country is absolute master of all industry and commerce. - President James A. Garfield
Ĝ If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered. - President Thomas Jefferson
Ĝ I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its constitution; I mean an additional article, taking from the federal government the power to borrow money. - Thomas Jefferson
Ĝ If (As the supreme court had recently inferred) Congress has the right under the Constitution to issue paper money, it was given to them to be used by themselves, not to be delegated to individuals or corporations. - President Andrew Jackson
Ĝ From the testimony of Marriner Eccles, Chairman of the Federal Reserve Board, before the House Banking and Currency Committee, Sept. 30, 1941:
Congressman Patman: "Mr. Eccles, how did you get the money to buy those two billions of government securities?"
Eccles: "We created it."
Patman: "Out of what?"
Eccles: "Out of the right to issue credit money." (i.e.Out of the right to create it. Do you see the insanity of it all? You and I must work hard for every dollar of ?? that we earn, while the banksters havethe legal right to create money! RWS).
Ĝ 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. - Major L.B.Angus
Ĝ 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 (he was said to be the
second richest man in Britain) 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 slave of the bankers and pay the cost of your own slavery, then let the
bankers continue to create money and control credit. - Sir Josiah Stamp,
President of the Bank of
Ĝ I had never thought the
Federal Reserve Bank System would prove such a failure. The country is in a
state of irretrievable bankruptcy. -
Senator Carter Glass,
Ĝ The Federal Reserve (privately owned banks) are one of the most corrupt institutions the world has ever seen. - Senator Louis T. McFadden (for 22 years Chairman of the U.S. Banking and currency Commission)
Ĝ If two parties, instead of
being a bank and an individual, were an individual and an individual, they
could not inflate the circulating medium by a loan transaction, for the simple
reason that the lender could not lend what he didn't have, as banks can
do.....Only commercial banks and trust companies can lend money that they
manufacture by lending it. - Professor Irving Fisher,
Ĝ The people can and will be furnished with a currency as safe as their own government. Money will cease to be master and become the servant of humanity. Democracy will rise superior to the money power. - Abraham Linco
Ĝ Every effort has been made by the Fed to conceal its power but the truth is, the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will. - Congressman Louis T. McFadden, 1933, Chairman, Banking and Currency Committee
Ĝ The bold effort the present
bank had made to control government (Second National Bank of the
President Andrew Jackson
Ĝ The entire banking movement, at all crucial stages, was centralized in the hands of a few men who for years were linked, ideologically and personally, with one another. - Gabriel Kolko
Ĝ Permit me to issue and control the money of a nation, and I care not who makes its laws. - Mayer Anselm Rothschild of the Rothschild banking family.
Ĝ If all the bank loans were
paid up, no one would have a bank deposit, and there would not be a dollar of
currency or coin in circulation. This is a staggering thought. We are completely
dependent on the commercial banks for our money. Someone has to borrow
every dollar we have in circulation, cash or credit. If the banks create
ample synthetic money, we are prosperous; if not, we starve. We are absolutely
without a permanent monetary system.
When one gets a complete grasp upon the picture, the tragic absurdity
of our hopeless position is almost incredible - but there it is. It (the banking problem) is the most important
subject intelligent persons can investigate and reflect upon. It is so
important that our present civilization may collapse unless it is
widely understood and the defects remedied very soon. - Robert H. Hemphill,
Credit Manager of the Federal Reserve Bank of