John Woodward
Australian Federation Party candidate for Wide Bay
Famous Quotes about Money Creation by the Private Banks:
Bankers
William Paterson
“The bank hath benefit of interest on all moneys which it creates out of nothing.” William Paterson, founder of the Bank of England in 1694.
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Mayer Amschel Rothschild
“Let me issue and control a nation’s money and I care not who writes the laws.” Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild.
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The Rothschild brothers of London
‘The few who understand the system will either be so interested in its profits or be so dependent upon 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.” The Rothschild brothers of London writing to associates in New York, 1863.
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Rothschild controlled London Times
“If this mischievous financial policy, which has its origin in North America, shall become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe.” Rothschild controlled London Times 1865 discussing Lincoln’s Greenbacks and Colonial Script.
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Sir Josiah Stamp, President of the Bank of England
“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 a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits.” Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain.
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Reginald McKenna, as Chairman of the Midland Bank
“I am afraid the ordinary citizen will not like to be told that the 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 hand the destiny of the people.” Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924.
Politicians
King O’Malley
“I trust that good and patriotic Australians will swear by the altar of their gods, the tombs of their Ancestors and the cradles of their children, that they will never vote for Parliamentary candidates whose secret mission is to destroy the Commonwealth Bank … and whose brains, if extracted, dried and placed in the quill of a cock sparrow and blown into the eye of a bee, would not even make him blink.” King O’Malley, who had been instrumental in the formation of the Commonwealth Bank, during the 1939 ‘Save The Commonwealth Bank Campaign,’ when he was over 80 years of age.
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Thomas Jefferson
“I believe that banking institutions are more dangerous to our liberties than standing armies.” Thomas Jefferson, US President 1801-9.
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Napoleon Bonaparte
“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. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” Napoleon Bonaparte, Emperor of France.
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Thomas Jefferson
“If the American people ever allow private banks to control issue of their currency, first by inflation, then by deflation, the banks and the 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. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” Thomas Jefferson in the debate over The Re-charter of the Bank Bill (1809).
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Abraham Lincoln
“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 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. Money will cease to be master and become the servant of humanity. Democracy will rise superior to the money power.” Abraham Lincoln, US President 1861-5. He created government issue money during the American Civil War and was assassinated.
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Otto von Bismark
“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 civilisation.” Otto von Bismark (1815-1898), German Chancellor, after the Lincoln assassination.
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Captain Henry Kerby MP, U.K.
“That this House considers that the continued issue of all the means of exchange – be they coin, bank-notes or credit, largely passed on by cheques – by private firms as an interest-bearing debt against the public should cease forthwith; that the Sovereign power and duty of issuing money in all forms should be returned to the Crown, then to be put into circulation free of all debt and interest obligations…” Captain Henry Kerby MP, U.K., in an Early Day Motion tabled in 1964.
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Ralph M Hawtry
“Banks lend by creating credit. They create the means of payment out of nothing. ” Ralph M Hawtry, former Secretary to the Treasury, U.K.
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The Earl of Caithness
“… our whole monetary system is dishonest, as it is debt-based… We did not vote for it. It grew upon us gradually but markedly since 1971 when the commodity-based system was abandoned.” The Earl of Caithness, in a speech to the House of Lords, 1997.
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Woodrow Wilson
“We have come to be one of the worst ruled, one of the most completely controlled governments in the civilised world – no longer a government of free opinion, no longer a government by… a vote of the majority, but a government by the opinion and duress of a small group of dominant men……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 organised, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.”
Woodrow Wilson the U.S. president who was duped into signing into law the U.S. Federal Reserve Act 1913 which created the privately owned U.S. Federal Reserve Bank, after he realised the dreadful mistake he had made. The small group of dominant men he referred to were the “International Bankers.”
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U.S. Congressman Louis T.McFadden
“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.” U.S. Congressman Louis T.McFadden talking about the Great Depression.
Others
Leo Tolstoy
“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, Russian writer.
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Henry Ford
“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.” Henry Ford, founder of the Ford Motor Company.
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Thomas Edison
“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 fattens the usurers and the other helps the people.” Thomas Edison, inventor.
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Milton Friedman
“The Federal Reserve definitely caused the Great depression by contracting the amount of currency in circulation by one-third from 1929 to 1933.” Milton Friedman, Nobel Prize winning economist.
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Major L L B Angus
“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 in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus.
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John Kenneth Galbraith
“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 the mind is repelled. With something so important, a deeper mystery seems only decent.” John Kenneth Galbraith (1908- ), former professor of economics at Harvard, writing in ‘Money: Whence it came, where it went’ (1975)
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Anglican Primate of Australia (Archbishop Le Fanu)
“Every man in the community is heir to all the inventions and scientific knowledge which have made this easier life possible, and yet the enhanced values and opportunities of life are not shared as they should be. Our present financial system is not doing its job. The fundamental Christian objection to the existing capitalistic system and to the bankers’ control of money, from which it seems inseparable, is that it holds persons in serfdom to the exigencies of financial policy.” Anglican Primate of Australia (Archbishop Le Fanu) in October, 1935.
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Pope Pius XI
“It is patent that in our days not alone is wealth accumulated, but immense power and despotic economic domination is concentrated in the hands of a few……This power becomes particularly irresistible when exercised by those who, because they hold and control money, are able also to govern credit and determine its allotment, for that reason supplying so to speak the lifeblood to the entire economic body, and grasping, as it were, in their hands the very soul of production, so that no one dare breathe against their will.” Pope Pius XI in the Encyclical “Quadragesimo Anno”.
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John Twells
“It was the monetary system under which America’s Colonies flourished to such an extent that Edmund Burke was able to write about them: ‘Nothing in the history of the world resembles their progress. It was a sound and beneficial system, and its effects led to the happiness of the people……..In a bad hour, the British Parliament took away from America its representative money, forbade any further issue of bills of credit, these bills ceasing to be legal tender, and ordered that all taxes should be paid in coins. Consider now the consequences: this restriction of the medium of exchange paralysed all the industrial energies of the people.” English historian, John Twells, speaking of the debt free money issued by the government of the American Colonies known as Colonial Scrip.
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Benjamin Franklin
“The Colonies would gladly have borne the little tax on tea and other matters had it not been the poverty caused by the bad influence of the English bankers on the Parliament, which has caused in the Colonies hatred of England and the Revolutionary War.”
Benjamin Franklin, one of the chief architects of The American Colonies’ independence from Great Britain.
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W.Cleon Skousen
“Power from any source tends to create an appetite for additional power… It was almost inevitable that the super-rich would one day aspire to control not only their own wealth, but the wealth of the whole world. To achieve this, they were perfectly willing to feed the ambitions of the power-hungry political conspirators who were committed to the overthrow of all existing governments and the establishments of a central world-wide dictatorship.”
W.Cleon Skousen in his book ‘The Naked Capitalist’.
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“All that is necessary for the triumph of evil is that good people do nothing.”
Edmund Burke.
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