Ø As President John Adams said, "All the perplexities,confusion and distress (Ed. note - crime, poverty, substance abuse,family disintegration, government immorality and dishonesty, etc.) inAmerica arise, not from defects in the Constitution or confederation,not from want of honor or virtue, so much as from downright ignoranceof the nature of coin, credit and circulation." This is because nearlyevery part of our lives revolves around money in some way. If we clearup the money problem, all sorts of seemingly unrelated problems willsimply vanish!
ØI believe that banking institutions are more dangerous to our libertiesthan standing armies. Already they have raised up a monied aristocracythat has set the Government at defiance. The issuing power should betaken from the banks and restored to the people to whom it properlybelongs. - President Thomas Jefferson.
Ø The youth whocan solve the money question will do more for the world than all theprofessional soldiers of history. - Henry Ford Sr.
ØWhoever controls the volume of money in any country is absolute masterof all industry and commerce. - President James A. Garfield
ØIf the American people ever allow private banks to control the issue oftheir currency, first by inflation and then by deflation, the banks andcorporations that will grow up around them will deprive the people ofall their property until their children will wake up homeless on thecontinent their fathers conquered. - President Thomas Jefferson
ØI wish it were possible to obtain a single amendment to ourConstitution. I would be willing to depend on that alone for thereduction of the administration of our government to the genuineprinciples of its constitution; I mean an additional article, takingfrom the federal government the power to borrow money. - ThomasJefferson
Ø If (As the supreme court had recentlyinferred) Congress has the right under the Constitution to issue papermoney, it was given to them to be used by themselves, not to bedelegated to individuals or corporations. - President Andrew Jackson
ØFrom the testimony of Marriner Eccles, Chairman of the Federal ReserveBoard, 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 tocreate it. Do you see the insanity of it all? You and I must work hardfor every dollar of ?? that we earn, while the banksters havethe legalright to create money! RWS).
Ø The modern banking systemmanufactures money out of nothing. The process is perhaps the mostastounding piece of sleight of hand that was ever invented. - MajorL.B.Angus
Ø Banking was conceived in iniquity and bornin sin.....Bankers own the Earth. Take it away from them but leave themthe power to create money, and, with the flick of a pen, they willcreate enough money to buy it back again.....Take this great power awayfrom them and all great fortunes like mine will disappear (he was saidto 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 costof your own slavery, then let the bankers continue to create money andcontrol credit. - Sir Josiah Stamp, President of the Bank of England
ØI had never thought the Federal Reserve Bank System would prove such afailure. The country is in a state of irretrievable bankruptcy. -Senator Carter Glass, June 7, 1938
Ø The FederalReserve (privately owned banks) are one of the most corruptinstitutions the world has ever seen. - Senator Louis T. McFadden (for22 years Chairman of the U.S. Banking and currency Commission)
ØIf two parties, instead of being a bank and an individual, were anindividual and an individual, they could not inflate the circulatingmedium by a loan transaction, for the simple reason that the lendercould not lend what he didn't have, as banks can do.....Only commercialbanks and trust companies can lend money that they manufacture bylending it. - Professor Irving Fisher, Yale University, in his book"100% Money"
Ø The people can and will be furnishedwith a currency as safe as their own government. Money will cease to bemaster and become the servant of humanity. Democracy will rise superiorto the money power. - Abraham Linco
Ø Every effort has been madeby the Fed to conceal its power but the truth is, the Fed has usurpedthe government. It controls everything here and it controls all ourforeign relations. It makes and breaks governments at will. -Congressman Louis T. McFadden, 1933, Chairman, Banking and CurrencyCommittee
Ø The bold effort the present bank had madeto control government (Second National Bank of the U.S.), the distressit has wantonly produced...are but premonitions of the fate that awaitsthe American people should they be deluded into a perpetuation of thisinstitution or the establishment of another like it.
President Andrew Jackson
ØThe entire banking movement, at all crucial stages, was centralized inthe hands of a few men who for years were linked, ideologically andpersonally, with one another. - Gabriel Kolko
Ø Permitme to issue and control the money of a nation, and I care not who makesits laws. - Mayer Anselm Rothschild of the Rothschild banking family.
ØIf 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 incirculation. This is a staggering thought. We are completelydependent on the commercial banks for our money. Someone has toborrow every dollar we have in circulation, cash or credit. Ifthe 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 tragicabsurdity of our hopeless position is almost incredible - butthere it is. It (the banking problem) is the most importantsubject intelligent persons can investigate and reflect upon.It is so important that our present civilization may collapseunless it is widely understood and the defects remedied very soon. -Robert H. Hemphill, Credit Manager of the Federal Reserve Bank ofAtlanta