Powerful quotes on Money

"We are absolutely without a permanent money system...
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, Credit Manager
Federal Reserve Bank of Atlanta, Georgia (1935)
In the foreword to a book by Irving Fisher, entitled 100% Money (1935)

"Each and every time a bank makes a loan (or purchases securities), new bank credit is created — new deposits — brand new money."

Graham F. Towers, Director, Bank of Canada

"The process by which banks create money is so simple the mind is repelled."

John Kenneth Galbraith, Economist

"Permit me to issue and control the money of a nation, and I care not who makes its laws."

Mayer Amschel Rothschild, International Banker

"I am afraid that the ordinary citizen
will not like to be told that banks
can and do create 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,
past Chairman of the Board, Midlands Bank of England

“Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess.”

Irving Fisher, economist and author

“That is what our money system is. If there were no debts in our money system, there wouldn’t be any money.”


Marriner S. Eccles, Chairman and Governor of the Federal Reserve Board

"Everyone sub-consciously knows banks do not lend money. When you draw on your savings account, the bank doesn't tell you you can't do this because it has lent the money to somebody else."

Mark Mansfield

"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. 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 situation is almost incredible -- but there it is."

Robert Hemphill. Credit Manager, Federal Reserve Bank of Atlanta

“One thing to realize about our fractional reserve banking system is that, like a child’s game of musical chairs, as long as the music is playing, there are no losers.”

Andrew Gause, Monetary Historian

“The greatest shortcoming of the human race is our inability to understand the exponential function.”

Albert A. Bartlett, physicist

“Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.”

Kenneth Boulding, economist

“I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money... I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with the Congress for sitting idly by and permitting such an idiotic system to continue.”


Congressman Wright Patman

“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 (Lev)Tolstoy

“None are more enslaved than those who falsely believe they are free.”

Goethe

“’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 the flick of the 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, 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 slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit’.”

Sir Josiah Stamp Director, Bank of England 1928-1941
(reputed to be the 2nd richest man in Britain at the time)

Josiah Stamp

"Throughout the ages,the devices of cunning men have turned money to their nefarious purposes.

Money, beginning with private enterprise as a means of escaping the limitation of barter, soon developed the cheat to exploit the honest trader who, in an effort to protect himself, turned to government for protection, only to find that now he had two thieves, the private money changer and the political plunderer working hand in glove against him. By this combination the money changer gained the prestige of political sanction through legislative license and the state secured a deceptive device for laying taxes upon the citizenry (by means of the hidden tax called inflation). It was and remains a vicious alliance."



E.C. Reigel (1879-1953) monetary theorist & consumer advocate

“All of the perplexities, confusion, and distress in America arises, not from the defects of the Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation.”

John Adams, Founding Father of the American Constitution

“Whoever controls the volume of money in our 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.”

James A. Garfield, assassinated president of the United States

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. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity.”

Abraham Lincoln, assassinated president of the United States

"Once a nation parts with the control of its currency and credit, it matters not who makes the nations laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognised as its most sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile."

William Lyon Mackenzie King

"For more than a century, ideological extremists at either end of the political spectrum have seized upon well-publicized incidents to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions.
Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as "internationalists" and of conspiring with others around the world to build a more integrated global political and economic structure - one world, if you will. If that's the charge, I stand guilty, and I am proud of it."

David Rockefeller, international banker Memoirs (2002) pg. 405

"Only puny secrets need protection.
Big discoveries are protected by public incredulity."


Marshall McLuhan, media “guru”