Quotations on the Monetary System

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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 the Prime reason for the revolutionary war. – Benjamin Franklin, “Founding Father” (1706-1796)

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. – Napoleon Bonaparte, Emperor of France (1769-1821)

GIVE ME CONTROL of the nation’s money and I care not who makes the laws. – Mayer Amshel Bauer Rothschild, founder of the Rothschild banking dynasty (1818-1874)

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 (of money) should be taken away from the banks and restored to the people to whom it properly belongs. – Thomas Jefferson, third president of the US, auth. Declaration of Independence (1743-1826)

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, 28th president of the US, quoted after signing the Federal Reserve Act (1856-1924)

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 money, and with a flick of the pen they will create enough money to buy it back again. However, take that power away from them and all the great fortunes like mine will 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. – Sir Josiah Stamp, Director, Bank of England, 1928-1941 (1880-1941)

ONCE a nation parts with control of its currency and credit, it matters not who makes that 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 conspicuous and sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile. – William Lyon Mackenzie King, Prime Minister of Canada, 1935-1941, in a radio address to the nation, August 2, 1935

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 of the control of Congress and manipulates the credit of the United States. – Sen. Barry Goldwater, Republican Presidential Candidate in 1964, (1909-1998)

THE PROCESS by which banks create money is so simple the mind is repelled. Where something so important is involved, a deeper mystery seems only decent. – J.K. Galbraith, Economist (1908-2006)

ANYTHING physically possible and desirable can be made financially possible. – Graham Towers, Bank of Canada’s founding Governor, in 1939 (1897-1975)

COULD anything be more insane than for the human race to die out because we “couldn’t afford” to save ourselves? – John H. Hotson, a founding member of COMER, Professor of Economics, U. of Waterloo, in 1993

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