Banking Quotes

“This is a staggering thought. We are completely dependent on the commercial banks. 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 money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood, and the defects remedied very soon.”
Robert H. Hemphill (former Credit Manager of the Federal Reserve Bank, Atlanta Ga.)

“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.”
U.S. President James Maddison, shortly before he was assassinated

"If that mischievous financial  policy which had its origin in the North American Republic [i.e., honest  Constitutionally authorized debt-free money] should become indurated down to a  fixture, then that government will furnish its own money without cost. It will  pay off its debts and be without a debt (to the International Bankers). It  will have all the money necessary to carry on its commerce. It will become  prosperous beyond precedent in the history of the civilized governments of the world. The brains and wealth of all countries will go to North America. That  government must be destroyed or it will destroy every monarchy on the globe." 
The Hazard Circular (England), distributed to wealthy aristocrats prior  to the Civil War, 1862

“I sincerely believe that banking institutions are more dangerous than standing armies. Already they have raised up a moneyed 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.”
Thomas Jefferson

"If the  American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, (i.e., the "business cycle")  the banks and corporations that will grow up around them will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."
Thomas Jefferson, The Debate Over The  Recharter Of The Bank Bill, 1809

“I have two great enemies; the southern army in front of me, and the financial powers behind me. Of the two, the enemy to my rear is the greater foe.”
The famous statement of President Abraham Lincoln during the Civil War

"The Bank hath benefit of interest on all monies, which it creates out of nothing."
Co-founder of the (privately owned) Bank of England, William Patterson, upon its foundation in 1694

“The most hated sort of money-making and with the greatest reason, is usury, which makes a gain out of money itself, and not from the natural use of it – for money was intended merely for exchange, not for increase at interest. And this term interest, which implies the birth of money from money, is applied to the breeding of money, because the off-spring resembles the parent. Whereof of all modes of money-making, this is the most unnatural.”
Aristotle on Usury, 350 BC

“He who takes up usury for a loan of money acts unjustly, for he sells what does not exist. It is wrong in itself to take a price (usury) for the use of money lent. And as in the case of other offences against justice, one is bound to make restitution of his unjustly acquired money."
St. Thomas Aquinas

"The function of money is not to make money, but to move goods.  Money is only one part of our transportation system. It moves goods from man to man. A dollar bill is like a postage stamp, it is no good unless it will move commodities between persons. If a postage stamp will not carry a letter or will not move goods, it is just the same as an engine that will not run. Someone will have to get out and fix it.”
Henry Ford

“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. 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 a flick of the pen, they will create enough money to buy it back again…….take this great power away from them and all the great fortunes like mine will disappear, and they ought to disappear, for then this would be a better world to live in …… but if you want to continue to be slaves of the bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.”
Sir Josiah Stamp, President of the Bank of England 1920

“When banks grant credit by creating or adding to deposits subject to check . . new dollars are created. They are credit dollars and they are created by the stroke of a pen rather than by dies and the stamping machines, but their purchasing power is not less than that of the dollars coined at the government mint . . . the principal way in which dollars are created in modern economic society is by borrowing.”
Sumner H. Slichter, Professor of Business Economics at Harvard

“We have already learned that the most important kind of money is credit. The most important kind of credit is credit created out of thin air by the banking system. Eighty per cent of the volume of business in Canada uses money that isn’t there. Banks lend it out of nowhere to people, and when it is paid back, it returns to nowhere. It can’t be seen, yet it can make the difference between full employment and mass unemployment. MOST OF THE REVENUE OF BANKS IS INTEREST ON MONEY THAT DOES NOT EXIST.”
W. Trimble of Ryerson Institute, Toronto, writing in “Understanding the Canadian Economy”

“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.” 
William Jennings Bryan

“I am afraid that the ordinary citizen will not like to be told that banks can and do create and destroy money. The amount of money in existence varies only with the action of the banks in increasing or decreasing deposits and bank purchases. We know how this is effected. Every loan, overdraft or bank purchase creates a deposit, and every repayment of a loan, overdraft or bank sale destroys a deposit. And they who control the credit of a nation direct the policy of governments, and hold in the hollow of their hands the destiny of the people.”
Rt. Hon Reginald McKenna, former Chancellor of the Exchequer, and Chairman of the Midland Bank, addressing a meeting of the shareholders of the bank on January 25, 1924 (recorded in his book, “post-War Banking”)

“A credit in the Bank of England’s books is regarded by the financial community as ‘cash’, and this pleasant fiction has given the bank the power of creating cash by the stroke of a pen, and to any extent it pleases, subject only to its own view as to what is prudent and sound business.”
Hartley Withers in his book, “International Finance”

“The government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of the consumers. The privilege of creating and issuing money is not only the supreme prerogative of the government, but it is the government’s greatest creative opportunity."
“The financing of all public enterprise, and the conduct of the treasury will become matters of practical administration. Money will cease to be master, and will become servant of humanity.”
The writings of Abraham Lincoln, shortly before he was assassinated

“We have stricken the shackles from 4,000,000 human beings and brought all labourers to a common level, but not so much by the elevation of former slaves as by reducing the whole working population, white and black, to a condition of serfdom. While boasting of our noble deeds, we are careful to conceal the ugly fact that by our iniquitous money system, we have manipulated a system of oppression which, though more refined, is no less cruel than the old system of chattel slavery.”

”. . . the concentration of capital and the growth of their turnover is radically challenging the significance of the banks. Scattered capitalists are transformed into a single collective capitalist. When carrying the current account of a few capitalists, the banks, as it were, transact a purely technical and exclusively auxiliary operation. When, however, these operations grow to enormous dimensions, we find that a handful of monopolists control all the operations, both commercial and industrial, of capitalist society. They can, by means of their banking connections . . . first ascertain exactly the position of the various capitalists, then control them, influence them by restricting or enlarging, facilitating or hindering their credits, and finally they can entirely determine their fate.”
Vladimir Ilyich Ulyanov (Lenin)

“Give me the control of the credit of a nation, and I care not who makes the laws.”
Nathaniel Meyer Rothschild, speaking to a group of international bankers, 1912

“The few who could understand the system (cheque, money, credits) will either be so interested in its profits, or so dependent on 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.”
Rothschild Bros. of London

“If a nation can issue a dollar bond, it can issue a dollar bill. The elements that make the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the constitution, pays nobody but those who contribute in some useful way. It is absurd to say that our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer, while the other helps the People.”
Thomas Edison
 
“Whoever controls the volume of money in any country is absolute master of all industry and commerce. And when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”  USA President James A. Garfield
 
“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
 
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 inflate, mint and un-mint the modern ledger-entry currency.”
Major L. L. B. Angu
 
“The banks can create and destroy money. Bank credit is money. It’s the money we do most of our business with, not with that currency which we usually think of as money.” 
Statement by Governor Eccles, former head of the Federal Reserve Bank Board of the United States, made in evidence before a Congressional Committee
 

“If the American people knew and understood the banking and financial system as I do, then I believe there would be a revolution before morning,”
Warning by Mr. Henry Ford
 
“It was not accidental. It was a carefully contrived occurrence . .  The international bankers sought to bring about a condition of despair here, so that they might emerge as rulers of us all.”
Statement by Rep. Louis T. McFadden, Chairman of the House Banking and Currency Committee, regarding the 1929 Wall Street crash
 
“The Federal Reserve has pumped so many billions of dollars into Germany, that they dare not name the total.”
Warning by the same Louis T. McFadden, eight years before Hitler invaded Poland, regarding the rise to power of Adolph Hitler
 
“The powers of financial capitalism has (a) far reaching (plan), nothing less than to create a world system of financial control in private hands, able to dominate the political system of each country, and the economy of the world as a whole.
This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.
The apex of the system was to be the Bank for International Settlements, in Basle, Switzerland, a private bank owned and controlled by the world’s central banks, which were themselves private corporations.
Each central bank . . . sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence co-operative politicians by subsequent rewards in the business world.”
Statement of Professor Carroll Quigley, Georgetown University, former "insider," and author, in his book, “Tragedy and Hope”
 
“The Federal Reserve definitely caused the Great Depression by contracting the amount of currency in circulation by one third from 1929 to 1933.”
Milton Freedman, Nobel Prize winning economist, in 1996
 
“The issue which has swept down the centuries and which will have to be fought sooner or later, is the people versus the banks.”
Lord Acton
 
“The Federal Reserve is one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this Nation is run by the International Banks.”  Warning by Congressman Louis T. McFadden
 

“Most Americans and Australians, and for that matter, most people of the world have no real understandings of the operation of the international money lenders.  The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress, and manipulates the credit of the United States, and for that matter, the credit of the entire world.”
Warning by Senator Barry Goldwater
 
“Because of this power (of credit creation), the Commonwealth Bank (now the Reserve Bank of Australia) is able to increase the cash of the trading banks in the ways we have pointed out above.
“Because of this power too, the Commonwealth Bank can increase the cash reserves of the trading banks; for example, it can buy securities and other property, it can lend to the government or to others in a variety of ways, and it can even make money available to the Governments and to others free of any charge.” 
Asked to interpret this last clause, Mr. Justice Napier, Chairman of the Commission,  replied through the Secretary of the Commission, Mr. Harris, as follows:
“This statement means that the Commonwealth Bank can make money available to Governments or to others on such terms as it chooses, even by way of a loan without interest, OR EVEN WITHOUT REQUIRING EITHER INTEREST OR REPAYMENT OF PRINCIPAL.”
Report of the Australian Royal Commission into the Monetary and Banking system of Australia in (1937), Section 504, “Creation of Credit”:

"The modern theory  of the perpetuation of debt has drenched the earth with blood, and crushed its  inhabitants under burdens ever accumulating."
Thomas Jefferson

"I hope we shall crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country."
Thomas Jefferson

"I believe that banking institutions are more dangerous to our  liberties than standing armies. Already they have raised up a moneyed  aristocracy that has set the government at defiance. The issuing power (of  money) should be taken away from the banks and restored to the people to whom  it properly belongs."
Thomas Jefferson

"The system of banking we  have both equally and ever reprobated. I contemplate it as a blot left in all  our constitutions, which, if not covered, will end in their destruction. I sincerely believe, with you...that the principle of spending money to be paid  by posterity, under the name of funding, is but swindling futurity on a large scale."
Thomas Jefferson

"To take a single step beyond the  boundaries thus specially drawn around the powers of Congress is to take  possession of a boundless field of power, no longer susceptible of any  definition. The incorporation of a bank, and the powers assumed by this bill  [chartering the first Bank of the United States] have not, in my opinion, been  delegated to the United States by the Constitution. They are not among the  powers specially enumerated."
Thomas Jefferson

"I wish it were  possible to obtain a single amendment to our Constitution - taking from the Federal government their power of borrowing (from privately-owned corporate  banks)."
Thomas Jefferson, 1798

"We are undone, my dear sir, if  legislation is still permitted which makes our money, much or little, real or  imaginary, as the moneyed interests shall choose to make it."
Thomas  Jefferson

"I have two  great enemies, the southern army in front of me and the financial institutions in the rear. Of the two, the one in the rear is the greatest enemy. 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 division of the United States into federations of equal  force was decided long before the Civil War by the high financial powers of Europe. These bankers were afraid that the US, if they remained as one block,  and as one nation, would attain economic and financial independence, which  would upset their financial domination over the world."
Otto von  Bismarck, Chancellor of Germany, 1876

"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. The  privilege of creating and issuing money is not only the supreme prerogative of  Government, but it is the Government's greatest creative opportunity. By the  adoption of these principles...the taxpayers will be saved immense sums of  interest [by not having to borrow from privately-owned corporate  banks]...Money will cease to be master and become the servant of humanity.  Democracy will rise superior to the money power."
Abraham Lincoln,  Senate Document 23, Page 91, 1865

"I see in the near future a crisis  approaching that unnerves me and causes me to tremble for the safety of my  country. Corporations have been enthroned, an era of corruption in high places  will follow, and the money power of the country will endeavour to prolong its  reign by working upon the prejudices of the people (e.g., by pitting the  cooperation-oriented political left against the competition-oriented political  right), until the wealth is aggregated in the hands of a few, and the Republic  is destroyed. I feel at this moment more anxiety for the safety of my country  than ever before, even in the midst of the war."
Abraham Lincoln 

"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 modern civilization."
Otto von Bismarck,  Chancellor of Germany, after Lincoln's assassination

"Right after the Civil War there was considerable talk about reviving Lincoln's brief  experiment with the Constitutional monetary system. Had not the European money-trust intervened, it would have no doubt become an established  institution."
W. Cleon Skousen

"I went to America in the winter of 1872-73,  authorised to secure, if I could, the passage of a bill demonetising silver.  It was in the interest of those I represented - the governors of the Bank of  England - to have it done. By 1873, gold coins were the only form of coin money."
Ernest Seyd, agent of Bank of England

"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 bold effort the present  bank has made to control the Government, the distress it has wantonly  produced...are but premonitions of the fate that awaits the American People  should they be deluded into a perpetuation of this institution [The Bank of  the United States], or the establishment of another like it."
Andrew  Jackson

"I am afraid that ordinary  citizens will not like to be told that the banks can, and do, create and  destroy money. And they who control the credit of the nation direct the policy  of governments, and hold in the hollow of their hands the destiny of the  people."
Reginald McKenna, Chancellor of the Exchequer of England,  Chairman of the Board of Midlands Bank, 1924

"Throned above all, in a manner without parallel in  all past, is the veiled prophet of finance, swaying all men living by a sort  of magic, and delivering oracles in a language not understood of the people." 
J.R.R. Tolkien, in "The Letters of J.R.R. Tolkien"

"Since I  entered politics, I have chiefly had men's views confided to me privately.  Some of the biggest men in the United States, in the field of commerce and  manufacture, are afraid of something. They know that there is a power  somewhere so organized, so subtle, so watchful, so interlocked, so complete,  so pervasive, that they better not speak above their breath when they speak in  condemnation of it."
Woodrow Wilson, 1913

"The real menace of  our republic is this invisible government which like a giant octopus sprawls  its slimy length over city, state and nation. Like the octopus of real life,  it operates under cover of a self created screen...At the head of this octopus  are the Rockefeller Standard Oil interests and a small group of powerful  banking houses generally referred to as international bankers. The little  coterie of powerful international bankers virtually run the United States  government for their own selfish purposes. They practically control both  political parties."
John F. Hylan, New York City Mayor, 1922 

"The rich will strive to establish their dominion and enslave the  rest. They always did...they always will. They will have the same effect here as elsewhere, if we do not, by the power of government, keep them in their proper spheres."
Governor Morris, head of the committee that wrote the  final draft of the U.S. Constitution

"This (Federal Reserve) Act  establishes the most gigantic trust [monopoly] on earth. When the President  (Woodrow Wilson) signs this bill, the invisible government by the Monetary  Power will be legalized. The people may not know it immediately, but the day  of reckoning is only a few years removed. The trusts will soon realize that  they have gone too far even for their own good. The people must make a  declaration of independence to relieve themselves from the Monetary Power.  This they will be able to do by taking control of Congress. Wall Streeters  could not cheat us if you Senators and Representatives did not make a humbug  of Congress...The greatest crime of Congress is its currency system. The worst  legislative crime of the ages is perpetrated by this banking bill. The caucus  and the party bosses have again operated and prevented the people from getting  the benefit of their own government."
- Congressman Charles A. Lindbergh,  Sr., 1913

"I am a most unhappy man. I have unwittingly ruined my  country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all  our activities are in the hands of a few men. We have come to be one of the  worst ruled, one of the most completely controlled and dominated governments  in the civilized world, no longer a government by free opinion, no longer a  government by conviction and the vote of the majority, but a government by the  opinion and duress of a small group of dominant men."
- Woodrow Wilson 

"It [Central Bank]  gives the National Bank almost complete control of national finance. Those few  who understand the system [check book money and credit] will either be so  interested in its profits, or so dependant on its favours, that there will be  no opposition from that class, while on the other hand, the great body of the  people, mentally incapable of comprehending the tremendous advantage that  capital derives from the system, will bear its burden without complaint, and  perhaps without even suspecting that the system is inimical [contrary] to  their interests."
- Rothschild Brothers of London, 1863

"...the  lord and master of the money markets of the world, and of course virtually  lord and master of everything else. He literally held the revenues of southern Italy in pawn, and monarchs and ministers of all countries courted his advice and were guided by his suggestions."
- Benjamin Disraeli, Prime Minister of Britain, describing Baron Nathan Rothschild in his novel, "Coningsby: Or  The New Generation"

"When the conflict with France ended (at the  battle of Waterloo) the House of Rothschild was in control of British finance and was the official banker of the British Government. This odd financial  octopus was acknowledged to be in some respects the greatest power on the  earth and was acknowledged by some writers as the 'Sixth Great Power of  Europe'."
- E.C. Knuth, in his book "The Empire of The City"

"Your money's value is determined by a global casino of unprecedented proportions: $2 trillion are traded per day in  foreign exchange markets, 100 times more than the trading volume of all the  stockmarkets of the world combined. Only 2% of these foreign exchange  transactions relate to the "real" economy reflecting movements of real goods and services in the world, and 98% are purely speculative. This global casino is triggering the foreign exchange crises which shook Mexico in 1994-5, Asia in 1997 and Russia in 1998. These emergencies are the dislocation symptoms of the old Industrial Age money system."
- Bernard Lietaer, Former Central  Banker in his book "The Future of Money"

"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. Banking was  conceived in iniquity and was born in sin. The Bankers own the earth. Take it  away from them, but leave them the power to create deposits, and with the  flick of the pen they will create enough deposits to buy it all back again.  However, take this great power away from them, and all the great fortunes like  mine disappear, and they ought to disappear, for this would be a happier and  better world to live in. But, if you wish to remain the slaves of Bankers and  pay the cost of your own slavery, let them continue to create money and  control credit."
- Sir Josiah Stamp, President of the Bank of England in  the 1920s, the second richest man in Britain

"While economic textbooks claim that people and corporations are competing for markets and resources, I claim that in reality they are competing for money - using markets and resources to do so. Greed and fear of scarcity are being continuously created and amplified as a direct result of  the kind of money we are using. For example, we can produce more than enough  food to feed everybody, and there is definitely not enough work for everybody  in the world, but there is clearly not enough money to pay for it all. In fact, the job of central banks is to create and maintain that currency scarcity. Money is created when banks lend it into existence When a bank provides you with a $100,000 mortgage, it creates only the principal, which  you spend and which then circulates in the economy. The bank expects you to  pay back $200,000 over the next 20 years, but it doesn't create the second  $100,000 - the interest. Instead, the bank sends you out into the tough world  to battle against everybody else to bring back the second $100,000."
-  Bernard Lietaer, Former Central Banker

"In addition to almost  unlimited usury, the bankers have another method of drawing vast amounts of  wealth. The banks are able to approve or disapprove large loans to large and  successful corporations to the extent that refusal of a loan will bring about  a reduction in the selling price of the corporation's stock. After depressing  the price, the bankers' agents buy large blocks of the company's stock. Then, if the bank suddenly approves a multi-million dollar loan to the company, the stock rises and is then sold for a profit. In this manner, billions of dollars are made with which to buy more stock. This practice is so refined today that the Federal Reserve Board need only announce to the newspapers an increase or decrease in their "discount rate" to send stocks soaring or crashing at their whim. Banks collect billions in interest by loaning to Government and the Corporations."
- Pastor Sheldon Emry

"There is a large class of people who  believe that paper can be, and ought to be, made into money without any  promise or hope of redemption; that a note should be printed: "This is a dollar," and be made a legal tender. I regard this as a mild form of lunacy, and have no disposition to debate with men who indulge in such delusions,  which have prevailed to some extent, at different times, in all countries, but  whose life has been brief, and which have shared the fate of other popular delusions. The Supreme Court only maintained the constitutionality of the  legal tender promise to pay a dollar by a divided court, and on the ground  that it was issued in the nature of a forced loan, to be redeemed upon the  payment of a real dollar; that is, so many grains of silver or gold. I  therefore dismiss such wild theories, and speak only to those who are willing  to assume, as an axiom, that gold and silver or coined money, have been proven  by all human experience to be the best possible standards of value, and that  paper money is simply a promise to pay such coined money, and should be made  and kept equal to coined money, by being convertible on demand."
-  Secretary of Treasury John Sherman, 1877

"Examining the organization and  function of the Federal Reserve Banks and applying the relevant factors, we  conclude that the Federal Reserve Banks are not Federal  instrumentalities...but are independent and privately owned and controlled  corporations...Federal Reserve Banks are listed neither as 'wholly owned'  government corporations [under 31 U.S.C. Section 846] nor as 'mixed ownership'  corporations [under 31 U.S.C. Section 856]...It is evident from the  legislative history of the Federal Reserve Act that Congress did not intend to  give the Federal government direction over the daily operation of the Reserve  Banks...The fact that the Federal Reserve Board regulates the Reserve Banks does not make them Federal agencies under the Act...Unlike typical Federal agencies, each bank is empowered to hire and fire employees at will. Bank employees do not participate in the Civil Service Retirement System. They are  covered by worker's compensation insurance, purchased by the Bank, rather than  the Federal Employees Compensation Act. Employees traveling on Bank business are not subject to Federal travel regulations and do not receive government employee discounts on lodging and services..."
- Lewis vs. U.S., case  #80-5905, 9th Circuit, June 24, 1982

"The financial system has been  turned over to the Federal Reserve Board. That Board administers the finance  system by authority of a purely profiteering group. The system is private,  conducted for the sole purpose of obtaining the greatest possible profits from  the use of other people's money."
- Congressman Charles A. Lindbergh Sr.,  1923

"Some people think that the Federal Reserve Banks are United  States Government institutions. They are not Government institutions. They are  private credit monopolies which prey upon the people of these United States  for the benefit of themselves and their foreign customers; foreign and  domestic speculators and swindlers; and rich and predatory money lenders." 
- Congressman Louis T. McFadden, 1932

"The Federal Reserve Bank is  nothing but a banking fraud and an unlawful crime against civilization. Why?  Because they "create" the money made out of nothing, and our Uncle Sap Government issues their "Federal Reserve Notes" and stamps our Government  approval with NO obligation whatever from these Federal Reserve Banks,  Individual Banks or National Banks, etc."
- H.L. Birum, Sr., American  Mercury Magazine, August 1957

"A disordered currency is one of the  greatest political evils. It undermines the virtues necessary for the support  of the social system, and encourages propensities destructive to its  happiness. It wars against industry, frugality and economy, and it fosters  evil spirits of extravagance and speculation. Of all the contrivances for cheating the laboring classes of mankind, none has been more effectual than  that which deludes them with paper money."
- Congressman Daniel Webster,  1846

"The Federal Reserve banks are one of the most corrupt  institutions the world has ever seen. There is not a man within the sound of  my voice who does not know that this nation is run by the International  Bankers."
- Congressman Louis T. McFadden, 1934

"Every effort has  been made by the Fed to conceal its powers - but the truth is - the Fed has  usurped the Government. It controls everything here and it controls all of our  foreign relations. It makes and breaks governments at will."
- Congressman  Louis T. McFadden, 1934

"Most Americans have no real understanding of  the operation of the international money lenders...The accounts of the Federal  Reserve System have never been audited. It operates outside the control of  Congress and manipulates the credit of the United States."
- Barry  Goldwater, Republican Senator from Arizona

"From now on, depressions  will be scientifically created."
- Congressman Charles A. Lindbergh Sr.,  1913

"The depression was the calculated 'shearing' of the public by  the World Money powers, triggered by the planned sudden shortage of supply of  call money in the New York money market...The One World Government leaders and  their ever close bankers have now acquired full control of the money and  credit machinery of the U.S. via the creation of the privately owned Federal  Reserve Bank."
- Curtis Dall, Franklin D. Roosevelt's son-in-law, as  quoted from his book, "My Exploited Father-in-Law"

"The powers of  financial capitalism had another far reaching aim, nothing less than to create  a world system of financial control in private hands able to dominate the  political system of each country and the economy of the world as a whole. This  system was to be controlled in a feudalist fashion by the central banks of the  world acting in concert, by secret agreements, arrived at in frequent private  meetings and conferences. The apex of the system was the Bank for  International Settlements in Basel, Switzerland, a private bank owned and  controlled by the world's central banks which were themselves private  corporations. The growth of financial capitalism made possible a  centralization of world economic control and use of this power for the direct  benefit of financiers and the indirect injury of all other economic groups." 
- Carroll Quigley, Professor of History at Georgetown University  (deceased) in his book "Tragedy and Hope: A History of The World in Our Time",  1966, highly esteemed by his former student, William Jefferson Blythe Clinton 

"There does exist and has existed for a generation, an international  Anglophile network which operates, to some extent, in the way the radical  Right believes the Communists act. In fact, this network, which we may  identify as the Round Table groups, has no aversion to cooperating with the  Communists, or any other groups, and frequently does so. I know of the  operations of this network because I have studied it for 20 years and was  permitted for two years, in the early 1960s, to examine its papers and secret  record."
- Carroll Quigley, Professor of History at Georgetown University  (deceased) in his book "Tragedy and Hope: A History of the World in Our Time",  1966

"In a small Swiss city [Basel] sits an international organization  so obscure and secretive [that few people know about it]...Control of the  institution, the Bank for International Settlements, lies with some of the  world's most powerful and least visible men; the heads of 32 central banks,  officials able to shift billions of dollars and alter the course of economies  at the stroke of a pen."
- Keith Bradsher of the New York Times, August 5,  1995

"The Federal Reserve Bank of New York is eager to enter into  close relationship with the Bank for International Settlements...The  conclusion is impossible to escape that the State and Treasury Departments are  willing to pool the banking systems of Europe and America, setting up a world  financial power independent of and above the Government of the United States." 
- Congressman Louis T. McFadden, Chairman of the House Committee on  Banking and Currency, quoted from the New York Times, June 1930

"Ever  since the Civil War, Congress has allowed the bankers to control financial  legislation. The membership of the Finance Committee in the Senate [now the  Banking and Currency Committee] and the Committee on Banking and Currency in  the House have been made up chiefly of bankers, their agents, and their  attorneys...In this way the committees have been able to control legislation  in the interests of the few."
- Congressman Charles A. Lindberg, Sr. 

"The Trilateral Commission is intended to be the  vehicle for multinational consolidation of the commercial and banking  interests by seizing control of the political government of the United States.  The Trilateral Commission represents a skillful, coordinated effort to seize  control and consolidate the four centers of power - political, monetary,  intellectual, and ecclesiastical. All this is to be done in the interest of  creating a more peaceful, more productive world community. What the  Trilateralists truly intend is the creation of a worldwide economic power  superior to the political governments of the nation-states involved. They  believe the abundant materialism they propose to create will overwhelm  existing differences. As managers and creators of the system they will rule the future."
Senator Barry Goldwater, Republican candidate for  President, in his book "With No Apologies", 1964

"The drive of the  Rockefellers and their allies is to create a one-world government combining  supercapitalism and communism under the same tent, all under their control...Do I mean conspiracy? Yes I do. I am convinced there is such a plot,  international in scope, generations old in planning, and incredibly evil in intent."
- Congressman Larry P. McDonald, 1976, killed in the Korean  Airlines 747 (flight KAL007) that was shot down by the Soviets

"The  technotronic era involves the gradual appearance of a more controlled society.  Such a society would be dominated by an elite, unrestrained by traditional values. Soon it will be possible to assert almost continuous surveillance over every citizen and maintain up-to-date complete files containing even the most  personal information about the citizen. These files will be subject to  instantaneous retrieval by the authorities."
- Zbigniew Brzezinski 

"In March, 1915, the J.P. Morgan interests, the steel, shipbuilding,  and powder interest, and their subsidiary organizations, got together 12 men  high up in the newspaper world and employed them to select the most  influential newspapers in the United States and sufficient number of them to  control generally the policy of the daily press...They found it was only  necessary to purchase the control of 25 of the greatest papers. An agreement  was reached; the policy of the papers was bought, to be paid for by the month;  an editor was furnished for each paper to properly supervise and edit  information regarding the questions of preparedness, militarism, financial  policies, and other things of national and international nature considered  vital to the interests of the purchasers."
- Congressman Oscar Callaway,  1917

"There is no such thing, at this date of the world's history, in  America, as an independent press. You know it and I know it. There is not one  of you who dares to write your honest opinions, and if you did, you know  beforehand that it will never appear in print. I am paid weekly for keeping my  honest opinions out of the paper I am connected with. Others of you are paid  similar salaries for similar things, and any of you who would be so foolish as  to write honest opinions would be out on the streets looking for another job.  If I allowed my honest opinions to appear in one issue of my paper, before  twenty-four hours my occupation would be gone. The business of the journalist  is to destroy the truth; to lie outright; to pervert; to vilify; to fawn at  the feet of Mammon, and to sell his country and his race for his daily bread.  You know it and I know it and what folly is this toasting an independent  press? We are the tools and vassels for rich men behind the scenes. We are the  jumping jacks, they pull the strings and we dance. Our talents, our  possibilities and our lives are the property of other men. We are intellectual  prostitutes."
- John Swinton, Former Chief of Staff of the New York Times,  called by his peers "The Dean of his profession", was asked in 1953 to give a toast before the New York Press Club

"By a continuing process of  inflation, governments can confiscate, secretly and unobserved, an important  part of the wealth of their citizens. There is no subtler, more sure way of  overturning the existing basis of society than to debauch the currency. The  process engages all the hidden forces of economic law on the side of  destruction, and does it in a manner in which not one man in a million is able to diagnose."
- John Maynard Keynes

"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 that the mind is repelled."
- John Kenneth Galbraith,  in his book "Money: Whence It Came, Where It Went", 1975

"A nation of  well informed men who have been taught to know and prize the rights which God  has given them cannot be enslaved. It is in the region of ignorance that  tyranny begins."
- Benjamin Franklin

"In the colonies, we issue  our own paper money. It is called 'Colonial Scrip'. We issue it in proper  proportion to make the goods pass easily from the producers to the consumers.  In this manner, creating ourselves our own paper money, we control it's  purchasing power and we have no interest to pay to anyone."
- Benjamin  Franklin, speaking at the London Parliament

"The colonies would gladly  have borne the little tax on tea and other matters, had it not been that  England took away from the colonies their money, which created great  unemployment and dissatisfaction. Within a year, the poor houses were filled.  The hungry and homeless walked the streets everywhere. The inability of the  colonists to get power to issue their own money permanently out of the hands  of George III and the International Bankers was probably the Prime reason for  the Revolutionary War."
- Benjamin Franklin, as quoted from his autobiography

"You see, a legitimate government can both spend and  lend money into circulation, while banks can only lend significant amounts of  their promissory bank notes, for they can neither give away nor spend but a  tiny fraction of the money the people need. Thus, when your bankers here in  England place money in circulation, there is always a debt principal to be  returned and usury to be paid. The result is that you have always too little  credit in circulation to give the workers full employment. You do not have too  many workers, you have too little money in circulation, and that which  circulates, all bears the endless burden of unpayable debt and usury."
-  Benjamin Franklin, as quoted from his autobiography

"I know of no safe  depository of the ultimate powers of society but the people themselves, and if  we think them not enlightened enough to exercise control with a wholesome  discretion, the remedy is not to take it from them, but to inform their  discretion."
- Thomas Jefferson

"The high office of President has  been used to foment a plot to destroy the American's freedom, and before I  leave office I must inform the citizen of his plight."
- John F. Kennedy,  speaking at Columbia University, 10 days before his assassination

"Mr. (Alan) Greenspan needs to make his decision independent of what I think. I learned a  pretty good lesson during the transition, and that is I commented out loud  about one of the actions he took. That's the last time I'm going to comment  about the actions Mr. Greenspan takes. He's an independent voice, and needs to  be an independent voice."
- [Notional] President George W. Bush, speaking  in regards to the Federal Reserve Board Chairman, 2001

"It comes as news to most  people to learn that practically all important ethical teachers - Moses,  Aristotle, Jesus, Mohammed, and Saint Thomas Aquinas, for instance - have  denounced lending at interest as usury and as morally wrong."
- Lawrence  Dennis, Saturday Review of Literature 661, June 24, 1933

"The most  sinister and anti-social feature about bank-deposit money is that it has no  existence. The banks owe the public for a total amount of money which does not  exist. In buying and selling, implemented by cheque transactions, there is a  mere change in the party to whom the money is owed by the banks. As the one  depositor's account is debited, the other is credited and the banks can go on  owing for it all the time. The whole profit of the issuance of money has  provided the capital of the great banking business as it exists today.  Starting with nothing whatever of their own, they have got the whole world  into their debt irredeemably, by a trick. This money comes into existence  every time the banks 'lend' and disappears every time the debt is repaid to  them. So that if industry tries to repay, the money of the nation disappears.  This is what makes prosperity so 'dangerous' as it destroys money just when it  is most needed and precipitates a slump. There is nothing left now for us but  to get ever deeper and deeper into debt to the banking system in order to  provide the increasing amounts of money the nation requires for its expansion  and growth. An honest money system is the only alternative."
- Frederick  Soddy, Nobel Prize Winner, 1921

"If our nation can issue a dollar  bond, it can issue a dollar bill. The element that makes the bond good, makes  the bill good, also. The difference between the bond and the bill is the bond  lets money brokers collect twice the amount of the bond and an additional 20%,  whereas the currency pays nobody but those who contribute directly in some  useful way. It is absurd to say that our country can issue $30 million in  bonds and not $30 million in currency. Both are promises to pay, but one  promise fattens the usurers and the other helps the people. "
- Thomas  Edison, The New York Times, December 6, 1921

"I spent 33 years in the Marines. Most of my time being a  high-class muscle man for big business, for Wall Street and the bankers. In  short, I was a racketeer for capitalism. I helped purify Nicaragua for the  international banking house of Brown Brothers in 1909-1912. I helped make  Mexico, especially Tampico, safe for American oil interests in 1914. I brought  light to the Dominican Republic for American sugar interests in 1916. I helped  make Haiti and Cuba a decent place for the National City Bank boys to collect  revenue in. I helped in the rape of half-a-dozen Central American republics  for the benefit of Wall Street...In China I helped to see to it that Standard  Oil went its way unmolested."
Major General Smedley D. Butler, U.S.  Marine Corps. General Butler was twice awarded the Medal of Honor (1914,  1917). General Douglas MacArthur described Butler as "one of the really great  generals in American history".

"We have about 50% of the world's  wealth, but only 6.3% of its population...Our real task in the coming period  is to devise a pattern of relationships which will permit us to maintain this  position of disparity...To do so, we will have to dispense with all  sentimentality and day-dreaming; and our attention will have to be  concentrated everywhere on our immediate national objectives...We should cease  to talk about vague and unreal objectives such as human rights, the raising of  living standards, and democratization. The day is not far off when we are  going to have to deal in straight power concepts. The less we are then  hampered by idealistic slogans, the better."
- George Kennan, Director of  State Department Policy Planning, Truman Administration, 1948

"For  globalization to work, America can't be afraid to act like the almighty  superpower that it is. The hidden hand of the market will never work without a  hidden fist. McDonald's cannot flourish without McDonald-Douglas, the designer  of the F-15, and the hidden fist that keeps the world safe for Silicon  Valley's technology is called the United States Army, Air Force, Navy and  Marine Corps."
Thomas Friedman, New York Times, March 28, 1999 

"Fascism should rightly be called corporatism as it is a merge of  state and corporate power."
- Benito Mussolini

"The liberty of a  democracy is not safe if the people tolerate the growth of private power to a  point where it becomes stronger than the democratic state itself. That in its  essence is fascism: ownership of government by an individual, by a group or  any controlling private power."
- Franklin D. Roosevelt



"This  country, with its institutions, belongs to the people who inhabit it. Whenever  they shall grow weary of the existing government, they can exercise their  constitutional right of amending it, or their revolutionary right to dismember  or overthrow it."
- Abraham Lincoln, First Inaugural Address, March 4,  1861

"When in the course of human events, it becomes necessary for one  people to dissolve the political bonds which have connected them with another,  and...whenever any Form of Government becomes destructive of these ends [of  Life, Liberty and the Pursuit of Happiness], it is the Right of the People to  alter or to abolish it, and to institute new Government, laying its foundation  on such principles and organizing its powers in such form, as to them shall  seem most likely to effect [provide for] their Safety and Happiness..."
-  Declaration of Independence of the American Colonies, 1776

"The eyes of our citizens are not  sufficiently open to the true cause of our distress. They ascribe them to  everything but their true cause, the banking system; a system which if it  could do good in any form is yet so certain of leading to abuse as to be  utterly incompatible with the public safety and prosperity. The Central Bank  is an institution of the most deadly hostility existing against the principles  and form of our Constitution."
- Thomas Jefferson

"Once a nation  parts with the control of its currency and credit, it matters not who makes  the nation's laws. Usury, once in control, will wreck any nation. Until the  control of the issue of currency and credit is restored to government and  recognized as its most sacred responsibility, all talk of the sovereignty of  parliament and of democracy is idle and futile."
- William Lyon Mackenzie  King, Prime Minister of Canada, 1935

"All the ingredients for ending  poverty of a person always comes neatly packaged with the person himself. A  human being is born in this world fully equipped not only to take care of  himself (which all other life-forms can do too), but also to contribute in  enlarging the well-being of the world as a whole. Poverty is not created by  the poor people. So we shouldn't give them an accusing look. They are the  victims. Poverty has been created by the economic and social system that we  have designed for the world. It is the institutions that we have built, and  feel so proud of, which created poverty. It is the concepts we developed to  understand the reality around us, made us see things wrongly! It is the  failure at the top - rather than lack of capability at the bottom - which is  the root cause of poverty. Concepts, institutions, and analytical frame  conditions which created poverty, cannot end poverty. If we can intelligently  re-work the frame conditions, poverty will be gone, never to come back  again...Try to imagine how the economists would have built their theory if  they had started out with an axiom that all men and women are created equal,  that each of them is endowed with unlimited creativity, and each of them is a  potential entrepreneur. In some important ways our designing of the  theoretical framework of economics or the misrepresentation of it is  responsible for perpetuating poverty."
- Professor Muhammad Yunus, Creator  of Grameen Bank in Commonwealth Lecture, 2003

"The issue which has  swept down the centuries and which will have to be fought sooner or later is  The People vs. The Banks."
- Lord Acton, Lord Chief Justice of England,  1875

"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

"The greatest enemy of  mankind is his ignorance of the inherent money power in all of us. When the  realization of this comes to man, he will like Samson, push down the walls of  his prison."
- E.C. Riegel

"Nothing is more dangerous to the power  of the elite than the public discovery and understanding of the private  control of the money supply."
- Anthony Sutton, in his book, ”The Federal  Reserve Conspiracy"

"When plunder becomes a way of life for a group of  men living together in society, they create for themselves in the course of  time, a legal system that authorizes it and a moral code that glorifies it." 
- Frederic Bastiat, in his book "Economic Sophisms"