Banking, Finance, & The Money System. 


It's time the people of Australia knew the alarming facts. Test your own knowledge of these facts by the following questions:

Do you know that no bank lends money deposited with it?

Do you know that when a bank lends money it CREATES it out of nothing?

Do you know that bank loans are merely pen and ink entries in the credit columns of a bank's ledger? They have no other existence.

Do you know that practically all the money in the community comes into circulation as a debt to the banks?

Do you know that money loaned by a Government bank is just as much a debt to the people as if it were loaned from a private bank?

Do you know that “fixed deposits” are a plausible screen to hide the creation of credit?

Did it ever occur to you that the banks enjoy this unique facility of creating credit and putting the nation progressively into debt-bondage because they create FINANCIAL credit against the REAL credit created by the people?

Do you realize that every time a Government borrows money for a public work, the people are debited with the liability (in perpetuity), but are never credited with the value of the asset?

Do you know that every repayment of a bank loan cancels the amount of the loan out of existence?

Do you know that Treasury Notes are Government I.O.U.'s — national pawn tickets for pledging the assets of the country to the banks for the loan of OUR OWN financial credit?

Do you know that banks purchase bank sites, build premises, and acquire assets at no real cost whatever to themselves — by the simple process of honoring their own checks?


 The respective Australian governments, both state and federal, (not the people) have run up public debts over the years to near breaking point, and debiting those debts to us, the people, BUT WE, THE PEOPLE HAVE NEVER EVER BEEN CREDITED WITH THE ASSETS, THEREBY DEFRAUDING THE AUSTRALIAN PEOPLE OF OUR BIRTHRIGHT, AND DISPOSSESSING US OF OUR LEGITIMATE ASSETS, I.E., THE COMMON  WEALTH OF THE LAND KNOWN AS THE COMMONWEALTH OF AUSTRALIA.


The policies of every federal government, irrespective of which party is in power, and most state governments over the last fifty (50) years have been nothing more or less than thinly veiled, incrementally introduced , warmed-up Marxism, under the appearance of, and masquerading as a constitutional monarchy.


“The Bank hath benefit of interest on all monies, which it creates out of nothing.”   The boastful statement of the co-founder (and the Financiers’ ‘Front Man’) 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.”

Statement of 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.”  Statement of 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.”Statement of 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.”

The writings of Sir Josiah Stamp, President of the Bank of England, at the University of Texas, 1920.


“Of all the discoveries and inventions by which we live and die, this totally improbable helix of credit is the most cunning, the most liable, the least comprehended, and, next to high explosives, the most dangerous. All that bankers themselves know about it is how it works from day to day. Beyond that, it is a bit from Pandora.”    Statement by Garet Garret, author of “The Bubble that Broke the World”, and regarded as “the clearest expositor of economics in the United States”:



“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.”  Statement of 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.” Statement of 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.”  Statement of 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.”  Statement of the 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.  Statement of Hartley Withers in his book, “International Finance”:


“ . . .  Today in Australia, as in most other modern economies, all money is a debt of the banking system.”    MINDFUL of the statement by the Bank of N.S.W. in its Special Article ‘Sources of Money’ in the ‘Bank of New South Wales Review’, October 1978:


“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, . . . . . the banks and the corporations which grow up around them will deprive the people of all property, until their children wake up homeless on the continent their fathers conquered.” A further statement by Thomas Jefferson:  


“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 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.”   From  the writings of Vladimir Ilyich Ulyanov (Lenin):


“There is no better way to destroy the capitalist system than to debauch the currency.”  A further statement of Lenin:


“Give me the control of the credit of a nation, and I care not who makes the laws.”  The famous boastful statement of 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.”  The boastful statement by Rothschild Bros. of London:


“When a bank lends, it creates money out of nothing.”   Statement of R.G. Hawtrey, former Assistant Under-Secretary to the British Treasury; in his book, “Trade Depression and the Way out”:


“Banks create credit. It is a mistake to suppose that bank credit is created to any important extent by the payment of money into the banks. The bank’s debit is a means of payment, it is credit money. It is a clear addition to the amount of the means of payment in the community.”  Statement in Encyclopedia Brittanica, 14th Edition, under the Heading of Banking and Credit (Vol. 3, Page 48):


“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.”    Statement by 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.”  Statement by 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.”  Statement of 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.” Statement by 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:


“There can be no doubt that all deposits are created by the banks.”  Statement of Lord Keynes, economist and former board member of the Bank of England:


“The percentage of cash to credit necessary for a bank to hold, demonstrated over a period of years, is 2 ˝%, with 7 ˝% as a reserve with other banks.”  Statement by Professor H. Kniffer, in his “American Banking Practice”:


“Banking is little more than book-keeping. It is a transfer of credit from one person to another. The transfer is by cheque. Cheques are currency (not legal tender). Currency is money.”   Statement of Sir Edward Holden, an eminent British banker:


 MINDFUL of the fact that the above situation has in fact been accomplished, due to a consistent, progressive and continuous programme of deceit, subterfuge, cunning and make-believe on the part of the banks, and by successive, subservient fabian socialist/masonic “governments”, both state and federal, in violation of their oaths of office, and to the gradual detriment and destruction of the assets of the people of Australia.


“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:


“After World War 1, Germany fell into the hands of German international bankers. Those bankers bought her, and now they own her, lock, stock, and barrel. They have purchased her industries, they have mortgages on her soil, they control her production, they control all her public utilities. The international German bankers have subsidised the present government of Germany, and they have also supplied every dollar of the money Adolph Hitler has used in his lavish campaign to build up a threat to the government of Bruening. When Bruening fails to obey the orders of German international bankers, Hitler is brought forth to scare the Germans into submission . . .Through the Federal Reserve Board . . .  over $30 Billions of American money has been paid into Germany . . . You have all heard of the spending that has taken place in Germany. . . modernistic dwellings, her great planetariums, her gymnasiums, her swimming pools, her fine public highways, her perfect factories. All this was done on our money. All this was given to Germany through the Federal Reserve Board.


 “The Federal Reserve has pumped so many billions of dollars into Germany, that they dare not name the total.”  Further warning by the same Louis T. McFadden, eight years before Hitler invaded Poland, regarding the rise to power of Adolph Hitler:


“Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men . . . The money changers have fled from their high seats in the temple of our civilization.” Statement by President of Franklin D. Roosevelt, March 4th, 1933 (before he did a back-flip and became their subservient tool):


“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 of the 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.” Statement by 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.”  Statement by Lord Acton:


“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.”   Warning by 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.” Warning by U.S. President James Madison, shortly before he was assassinated:


“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:


"History shows that the money changers have used every form of abuse, intrigue, deceit and violent means possible to maintain control over governments by controlling the money and the issuance of it
"-- President James Madison.


“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:


MINDFUL of the fact that all money which comes into existence, does so as debt to the banking system, and that the banks do not create the interest, so that there is never enough money in existence, anywhere in the world, to repay both the debt and the interest, resulting in a situation where there is a deliberate, world-wide, artificial scarcity of money, and therefore an ever-increasing debt to that banking system.


MINDFUL that such a debt-based money system (where the capital is created out of thin air by the banks, at the stroke of a pen, and then loaned out by the banks, to the borrowers, whereby the borrowers are expected to pay back the capital, plus interest, which interest does not exist in the first place) is not only mathematically an inherently flawed, impossible system, but deliberately fraudulent.


 MINDFUL that where money speaks, there all law is silent.


“He who takes 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." Statement by Saint Thomas Aquinas:  


 “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”:


"As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

Lenin was certainly right. There is no subtler, no surer means 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 which not one man in a million is able to diagnose."

 John Maynard Keynes

The Bankers Own The Earth


Courtesy of  Indy-Media

Citizen Zer0 , Mar 12, 2005 @ 19:28 GMT  
More pithy new quotes added. Some older quotes have been corrected for  accuracy and attribution. Some new resource links added.     
Parapolitics and Hidden History...The Bankers Own The Earth  

Capitalism is organized crime. It is by design that the rich get  richer and the poor get poorer, not by accident.

"Government is not reason; it is not eloquence; it is force! Like fire, it is a dangerous servant and a fearful master."
- George Washington

"I am convinced that  those societies (such as the Native American peoples) which live without  government enjoy in their general mass an infinitely greater degree of  happiness than those who live under the European governments. Among the  former, public opinion is in the place of law, & restrains morals as  powerfully as laws ever did anywhere. Among the latter, under pretence of  governing they have divided their nations into two classes, wolves &  sheep. I do not exaggerate."
- Thomas Jefferson

"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  

"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."

Thomas Jefferson (1743-1826), US Founding Father


"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

"All the perplexities, confusions, and distresses in America  arise, not from defects in the Constitution or confederation, not from want of  honor or virtue, as much as from downright ignorance of the nature of coin,  credit, and circulation."
- John Adams

"Liberty cannot be  preserved without a general knowledge among the people, who have a right...and  a desire to know; but besides this, they have a right, an indisputable,  unalienable, indefeasible, divine right to that most dreaded and envied kind  of knowledge, I mean of the characters and conduct of their rulers."
-  John Adams

"We, the People, are the rightful masters of both the  Congress and the Courts. Not to overthrow the Constitution, but to overthrow  the men who have perverted it."
- Abraham Lincoln

"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

"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 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

"Corporate  entities are persons, under the law. They are separate persons from the very  real human persons who own them and run them. We have the Supreme Court of the  United States to thank for this perversion. Through corruption of our  government and courts, corporations subverted their original intended purpose  and acquired the legal status of "natural persons" while also preserving their  limited-liability legal protections (which results in corporate 'citizens'  having more legal rights than human citizens do). This subversion was  institutionalized in an 1886 Supreme Court decision of which Justice William  O. Douglas would later write, "There was no history, logic, or reason given to  support that view." Thus corporations gained Bill of Rights protections, and  more, even before women and minorities had full protection. We are currently  living in an era of sophisticated corporation-state feudalism."
-  [Anonymous]

"Unless you become more watchful in your states and check  this spirit of monopoly and thirst for exclusive privileges, you will in the  end find that the most important powers of government have been given or  bartered away, and the control of your dearest interests have been passed into  the hands of these corporations."
- Andrew Jackson

"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

"You (International Bankers) are a den of vipers and  thieves. I intend to rout you out, and by the Eternal God, I will rout you  out. If the American people only understood the rank injustice of our money  and banking system, there would be a revolution before morning."
- Andrew  Jackson in an address to Congress, 1829

"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

"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."
- James  Madison

"Permit me to issue and control the money of a nation and I  care not who makes the laws."
- Mayer Amschel Rothschild, founder of the  Rothschild international banking dynasty, 1790

"Whomsoever 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."
-  James Garfield, assassinated within weeks of release of this statement during  the first year of his presidency in 1881

"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

"From the days of  Spartacist-Wieshaupt to those of Karl Marx, and down to Trotsky, Bela Kuhn,  Rosa Luxemburg, and Emma Goldman, this world conspiracy for the overthrow of  civilization and for the reconstitution of society on the basis of arrested  development, of envious malevolence, and impossible equality, has been  steadily growing. This conspiracy played a definite recognizable role in the  tragedy of the French revolution. It has been the mainspring of every  subversive movement during the 19th century. And now at last this band of  extraordinary personalities from the underworld of the great cities of Europe  and America have gripped the Russian people by the hair of their head and have  become the undisputed masters of that enormous empire."
- Winston  Churchill in the Illustrated Sunday Herald, February 8, 1920

"Behind  the October Revolution there are more influential personalities than the  thinkers and executors of Marxism."
- Lenin

"Marxists can always  be relied upon to defend the International Bankers, to their dying breath, by  portraying capitalism as some sort of vague, accidental ideological  abstraction that either everybody or nobody is truly responsible for, rather  than as a very specific, profoundly evil system perpetrated by very specific  individuals, who are acting with full intention to drain the lifeblood from  the Republic until it is dead. This fact alone should be enough to raise  suspicion of the Marxists' real intention, which is to focus primarily on  property-based 'class' conflict without ever clearly defining the real methods  by which the ruling 'class' stays in power, so that they can attempt to  convince the public that these methods are some kind of magic that only  Marxist intellectuals can understand and con them into merely replacing the  existing capitalist tyrannical order with a communist one. The Marxists are  totally anti-democratic and seem to truly envy the money power more than they  despise it."
- [Anonymous]

"If I told you I thought the world was  controlled by a handful of capitalists and corporate bosses, you would say I  was a left-winger, but if I told you who I thought the capitalists and  corporate bosses were, you would say I was far right."
- Anonymous  Anarchist Black Blocker

"Left and Right are monolithic ideas -  colossal, abstract, and, as their religious origins suggest, cosmic. They are  part of the darker side of humanity that replaces the specific with the  general, the personal with the impersonal. If you wanted to find a way of  making certain that people would have as little as possible in common, there  would be no better way than to divide them, not into ten or three or four, but  into two. Dual division turns the largest possible sections of humanity  against one another, often causing neighbors and compatriots to have nothing  to say to one another. No regeneration of community can begin without a  careful demolition of Left and Right; nor can this tearing down be  relinquished to academic abstraction, technical philosophy, government,  corporations, or ideology. Nothing can be built without a new politics - least  of all with a politics that refers outward to ideas of Heaven and Hell rather  than inward to the experience of daily life."
- Hugh Graham, in his book  "The Vestibule of Hell: Why Left and Right Have Never Made Sense in Politics  and Life"

"This isn't just your normal case of shrill, success-hating,  bleeding-heart, eat-the-rich, lawsuit-happy, commie-liberal bed-wetters versus  slack-jawed, pinheaded, war-mongering, Bible-thumping, woman-hating,  eco-rapist knuckle-draggers. But it is politics as usual."
- [Unknown]  

"Communism is fascism with a human face."
- Susan Sontag  

"Obviously, neither communism nor fascism has any interest whatsoever  in democracy; they both claim that democracy is an unrealistic Utopian  fantasy. In fact, they both use each other as convenient scapegoats for their  own crimes against democracy and human rights. True autonomist democracy can  only emerge from a radically centered anarchist-libertarian philosophy that  values competition and cooperation equally, the so-called meta-political  'third-position', which is the greatest threat to both the left and right  extremes. The real struggle that is going on in the world today is the  struggle for democracy against ALL tyranny, not merely 'class war' to replace  the tyrannical fiscal aristocracy with some despotic peasant-emperor. Phoney  third-positionism is easy to reveal because it embraces both fascist and  communist principles, rather than rejecting them."
- [Anonymous]  

"An anarchist who does not learn the real agenda behind  anarcho-Communism and anarcho-Fascism will not remain a Real Anarchist for  very long. Crypto-communist and crypto-fascist subversion is the most serious  threat to any emerging autonomist democracy."
- [Anonymous]

"My  political opinions lean more and more to anarchy (philosophically understood,  meaning abolition of control not whiskered men with bombs). There is only one  bright spot and that is the growing habit of disgruntled men of dynamiting  factories and power stations."
- J.R.R. Tolkien, in "Letters of J.R.R.  Tolkien"

"The world is governed by very different personages to what  is imagined by those who are not themselves behind the scenes."
- Benjamin  Disraeli, Prime Minister of Britain

"The real rulers in Washington are  invisible and exercise power from behind the scenes."
- Justice Felix  Frankfurter, Former U.S. Supreme Court Justice

"The real truth of the  matter is, as you and I know, that a financial element in the large centers  has owned the government of the U.S. since the days of Andrew Jackson."
-  Franklin D. Roosevelt

"The true equation is "democracy" = government  by world financiers."
- J.R.R. Tolkien, in "The Letters of J.R.R. Tolkien"  

"The main mark of modern governments is that we do not know who  governs, de facto any more than de jure. We see the politician and not his  backer; still less the backer of the backer; or, what is most important of  all, the banker of the backer."
- J.R.R. Tolkien, in "The Letters of  J.R.R. Tolkien"

"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."
- Gouvernor 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  

"Suppose you go to Washington and try to get at your government. You  will always find that while you are politely listened to, the men really  consulted are the big men who have the biggest stakes - the big bankers, the  big manufacturers, the big masters of commerce... Every time it has come to a  critical question, these gentlemen have been yielded to, and their demands  treated as the demands that should be followed as a matter of course. The  government of the United States is a foster child of the special interests."  
- Woodrow Wilson, 1912

"If monopoly persists, monopoly will always  sit at the helm of government. I do not expect monopoly to restrain itself. If  there are men in this country big enough to own the government of the United  States, they are going to own it."
- Woodrow Wilson

"I have never  seen more senators express discontent with their jobs...I think the major  cause is that, deep down in our hearts, we have been accomplices to doing  something terrible and unforgivable to this wonderful country. Deep down in  our hearts, we know that we have bankrupted America and that we have given our  children a legacy of bankruptcy...We have defrauded our country to get  ourselves elected."
- John Danforth, Republican senator from Missouri,  reported in the Arizona Republic of April 21, 1992

"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, 1815  

"Capital must protect itself in every way...Debts must be collected  and loans and mortgages foreclosed as soon as possible. When through a process  of law the common people have lost their homes, they will be more tractable  and more easily governed by the strong arm of the law applied by the central  power of leading financiers. People without homes will not quarrel with their  leaders. This is well known among our principal men now engaged in forming an  imperialism of capitalism to govern the world. By dividing the people we can  get them to expend their energies in fighting over questions of no importance  to us except as teachers of the common herd."
- Taken from the Civil  Servants' Year Book, "The Organizer", January 1934

"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"

"The  Federal Reserve Bank is pretty secretive about who it's owning banks or  shareholders are. It has been determined that the "class A" stock in the  Federal Reserve Bank are held by the following 8 institutions: Rothschild  Banks of London and Berlin, Lazard Brothers Bank of Paris, Israel Moses Seif  Bank of Italy, Warburg Bank of Hamburg and Amsterdam, Lehman Bank of New York,  Kuhn Loeb Bank of New York, Chase Manhattan Bank of New York, Goldman Sachs  Bank of New York. The Remaining Stock is held by the Chemical Trust and the  Rockefeller Trust. These stockholders hold Federal Government Obligations  which amount to about $6 Trillion Dollars - The entire U.S. National Debt.  Their annual profits from interest payments are over $200 Billion dollars per  year."
- [Anonymous]

"Bill Gates is not the 'richest man in the  world' by a long shot. His $50 billion dollar fortune (give or take) is  virtually nothing compared to the wealth and economic power of the House of  Rothschild. Baron Jacob Rothschild (who controls the Rothschild banking  dynasty) is owed approximately half of the U.S. national debt (which is now  some $6 trillion dollars) because the privately-owned Rothschild Bank and its  proxies have a 51 percent ownership and controlling interest in the U.S.  Federal Reserve System; and this $3 trillion dollar amount obviously does not  even include the debt that many other nations ultimately owe to the Rothschild  banking network. The interest payments alone provide the Rothschild Bank with  $100 billion dollars per year. The reason that the Rothschild dynasty remains  generally obscure to the public is because virtually all of their assets are  privately-owned and they are very carefully protected from public scrutiny by  various ways and means. It has been estimated that the House of Rothschild,  directly or indirectly, controls a very substantial portion of the $35  trillion dollars in total overall spending power that exists in the world  today."
- [Anonymous]

"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"

"To ignore the pivotal role  played by particular individuals who are in positions of power is to do  violence to historical accuracy. A recognition that the course of economic  events can be influenced by individuals who have the imagination and the power  to take advantage of prevailing conditions does not constitute acceptance of a  'conspiracy' theory of history."
- John Blair, Former Chief Economist for  the U.S. Senate Subcommittee on Anti-Trust and Monopoly

"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

"A civilization based on  a system of parasitic usury economics will ultimately destroy itself, because  fractional-reserve 'banking', combined with compound 'interest', is truly and  totally contrary to the modern "Establishment" economic theory that it  represents some kind of perpetual-motion machine. Our economic system was not  designed to, nor was it intended to, function honorably for the benefit and  general prosperity of all; it was specifically designed to create a nation of  debt slaves under the control of a molesting central bank. The perpetrators of  the system understand fully that it is finite and must inevitably collapse in  a state of insoluble debt, but by that point they expect to have gained full  and indisputable control over everything. The 450 richest people in the world  have financial assets equal to the combined wealth of the 3 billion poorest;  half of all humanity. The only possible explanation for this is that the  international economic system has been subverted and corrupted by fully  intentional activities, directed towards undermining national governments and  creating institutionalized, privately-owned central banks throughout the  world."
- [Anonymous]

"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. Hamphill, Credit Manager, Atlanta Federal Reserve Bank  

"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

"The basis of money in  today's world is not simply the trading of one thing of obvious value (say, a  gold coin) for another thing of obvious value (for example, a keg of beer)  which, in fact, would be more a form of barter than a modern day monetary  purchase. In the modern economy, the value of money is based strictly on  mutual faith and faith alone - faith in pieces of paper signed by a central  banker as having whatever value he decides to give them, such as is the case  with Federal Reserve Notes. This faith that the paper has some kind of value  is basically a game of "let's pretend" on the part of the banker supported  only by the fact that the banker has seized control of the government and he  will not tolerate any uncontrolled standard of exchange to compete with his  official monopoly of interest-bearing usury 'money'. In essence, this means  that every time you spend a Federal Reserve Note you are making a very  profound expression of faith that the central banker is a kind of 'god' who  can create value out of absolutely nothing because this is his 'holy'  privilege. Not only that, but you also become perpetually, irreversibly  indebted to him, as a form of 'worship', for his creating of the 'money' by  the usury that he charges you for this 'service' (e.g., the U.S. 6 trillion  dollar debt). This is capitalism - a glorified pyramid scheme for making money  off of money."
- [Anonymous]

"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

"I am firmly of the opinion  that there never was a paper pound, a paper dollar, or a paper promise of any  kind, that ever yet obtained a general currency (as money) but by force or  fraud, generally by both."
- John Adams

"If ever again our nation  stumbles upon unfunded paper, it shall surely be like death to our body  politic. This country will crash."
- George Washington

"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

"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

On December 15, 1931 Rep. Louis T. McFadden, who for more than 10 years served as chairman of the Banking and Currency Committee in the House of Representatives, said: “The Federal Reserve Board and banks are the duly appointed agents of the foreign central banks of issue and they are more concerned with their foreign customers than they are with the people of the United States.  The only thing that is American about the Federal Reserve Board and Banks is the money they use…” On June 10, 1932, McFadden said in an address to the Congress: “We have in this country one of the most corrupt institutions the world has ever known.  I refer to the Federal Reserve Board and the Federal Reserve Banks…Some people think 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 the United States for the benefit of themselves and their foreign customers…The Federal Reserve Banks are the agents of the foreign central banks…In that dark crew of financial pirates, there are those who would cut a man’s throat to get a dollar out of his pocket…Every effort has been made by the Federal Reserve Board to conceal its powers, but the truth is the Fed has usurped the government.  It controls everything here (in Congress) and controls all our foreign relations.  It makes and breaks governments at will…When the Fed was passed, the people of the United States did not perceive that a world system was being set up…A super-state controlled by international bankers, and international industrialists acting together to enslave the world for their own pleasure!”


Sen. Barry Goldwater wrote in his book, "With No Apologies:" "Does it not seem strange to you that these men just happened to be CFR (Council on Foreign Relations) and just happened to be on the Board of Governors of the Federal Reserve that absolutely controls the money and interest rates of this great country. A privately owned organization …which has absolutely nothing to do with the United States of America."

"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 one who cannot  see that on Earth a big endeavor is taking place, an important plan, on which  realization we are allowed to collaborate as faithful servants, certainly has  to be blind."
- Winston Churchill

"Truth is so precious that it  must be accompanied by a bodyguard of lies."
- Winston Churchill  

"In politics nothing is accidental. If something happens, be assured  it was planned this way."
- Franklin D. Roosevelt

"For some time I  have been disturbed by the way the CIA has been diverted from it's original  assignment. It has become an operational and at times a policy making arm of  the government."
- President Harry Truman

"There exists a shadowy  Government with its own Air Force, its own Navy, its own fundraising  mechanism, and the ability to pursue its own ideas of national interest, free  from all checks and balances, and free from the law itself."
- Senator  Daniel K. Inouye

"The governments of the present day have to deal not  merely with other governments, with emperors, kings and ministers, but also  with the secret societies which have everywhere their unscrupulous agents, and  can at the last moment upset all the governments' plans."
- Benjamin  Disraeli, Prime Minister of Britain, 1876

"It is useless to deny,  because it is impossible to conceal, that a great part of Europe - the whole  of Italy and France and a great portion of Germany, to say nothing of other  countries - is covered with a network of these secret societies, just as the  superficies of the earth is now being covered with railroads."
- Benjamin  Disraeli, Prime Minister of Britain, 1876

"Fifty men have run America,  and that's a high figure."
- Joseph Kennedy, father of John F. Kennedy, in  the July 26, l936 issue of The New York Times

"Today the path of total  dictatorship in the United States can be laid by strictly legal means, unseen  and unheard by the Congress, the President, or the people. Outwardly we have a  Constitutional government. We have operating within our government and  political system, another body representing another form of government - a  bureaucratic elite."
- Senator William Jenner, 1954

"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 Council on Foreign Relations is "The Establishment". Not only  does it have influence and power in key decision-making positions at the  highest levels of government to apply pressure from above, but it also  announces and uses individuals and groups to bring pressure from below, to  justify the high level decisions for converting the U.S. from a sovereign  Constitutional Republic into a servile member state of a one-world  dictatorship."
- Former Congressman John Rarick, 1971

"The Council  on Foreign Relations (CFR) is the American Branch of a society which  originated in England [The Royal Institute of International Affairs]...and  believes national boundaries should be obliterated and one-world rule  established."
- Carroll Quigley, Professor of History at Georgetown  University (deceased)

"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  interests behind the Bush Administration, such as the Council on Foreign  Relations, The Trilateral Commission - founded by Brzezinski for David  Rockefeller - and the Bilderberger Group, have prepared for and are now moving  to implement open world dictatorship within the next five years. They are not  fighting against terrorists. They are fighting against citizens."
- Dr.  Johannes B. Koeppl, Ph.D., 2001, former German defense ministry official and  advisor to former NATO Secretary General Manfred Werner

"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 vassals 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

The Federal Reserve publication How Banks Create Money asserts: "Banks actually create money when they lend it. Here's how it works: Most of a bank's loans are made to its own customers and are deposited in their checking accounts. Because the loan becomes a new deposit, just like a paycheck does, the bank once again holds a small percentage of that new amount in reserve and again lends the remainder to someone else, repeating the money-creation process many times."


"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.  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

"Those who  swallow down usury cannot arise except as one whom Satan has prostrated by his  touch does rise. That is because they say, trading is only like usury; and  Allah has allowed trading and forbidden usury. To whomsoever then the  admonition has come from his Lord, then he desists, he shall have what is  already passed, and his affairs is in the hands of Allah; and whoever returns  to it - these are the inmates of the fire; they shall abide in it..."
-  From the Qur'an, Surah Al-Baqarah

"If thou lend money to any of my  people that is poor by thee, thou shalt not be to him an usurer, neither shalt  thou lay upon him usury. - Exodus 22:25. Take no usury of him, or  increase...thou shalt not give him thy money upon usury. - Leviticus 25:36-37.  Unto thy brother thou shalt not lend upon usury: That the Lord thy God bless  thee. - Deuteronomy 23:20"
- The Bible

"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

"Lucre  [money] is the false Quintessence [fifth alchemical element] of this illusory  world [matrix?] that we live in. It can be converted into 'anything' and  'anything' can be converted into it."
- MIB Dissident

"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

"Economic warfare spans  political warfare and military warfare and supersedes both, which are merely  tools in the hands of those who are the masters of economic systems. The  public is systematically misled, almost hypnotically, to believe that no such  hidden masters of economic systems actually exist, or could even possibly  exist, and that all of the economic strife in the world today is strictly the  result of unplanned human incompetence when, in fact, very deliberate economic  warfare is being carried out. Populations struggle to find purely political or  military solutions to their economic problems, or they are manipulated and  duped into giving yet more economic control over to their masters, in the name  of their own prosperity, because they do not fully understand the real  principles of economics and banking. The myth of their non-existence is what  protects the hierarchies of the international money cults of the world and  allows them to continue their constant rivalries against one another, and to  maintain their existence at the dire cost of their subject populations."
-  [Anonymous]

"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

"A popular  government, without popular information, or the means of acquiring it, is but  a Prologue to a Farce or a Tragedy; or, perhaps both. Knowledge will forever  govern ignorance. And a people who mean to be their own Governors, must arm  themselves with the power that knowledge gives."
- James Madison  

"Information is the currency of democracy."
- Thomas Jefferson  

"I may be alone with my thoughts, on my island located on my inland  sea. Previously, I would be helpless to influence my national government. With  the internet, although physically isolated, I can associate with millions  across my country and across the globe. No longer am I one person, and no  government can afford to ignore me. I have become a power bloc, in both theory  and in fact. Even if I ignore today the ability I now have to associate with  others, no government can afford to ignore the possibility that someday I may,  for some reason, choose to exercise this ability to associate. The individual,  isolated or not, has become important."
- Andrew Grosso, Attorney,  Chairman of the ACM Committee on Law and Computer Technology

"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

"A  Government that makes peaceful revolution impossible, makes armed revolution  inevitable."
- John F. Kennedy

"I tremble for my country when I  reflect that God is just."
- Thomas Jefferson

"If you're not ready  to die for it, put the word "freedom" out of your vocabulary."
- Malcolm X  

"It is when we all play safe that we create a world of utmost  insecurity."
- Dag Hammarskjold

"Culture is Anarchistic if it is  alive at all."
- Siva Vaidhyanathan

"When the government fears the  people, you have liberty; when the people fear the government, you have  tyranny."
- Thomas Jefferson

" organizations, and all  Americans, in times like these have to watch what they say and watch what they  do."
- Ari Fleischer, White House Press Secretary, September 26, 2001  

"It is not the function of the government to keep the citizen from  falling into error; it is the function of the citizen to keep the government  from falling into error."
- Justice Robert H. Jackson, U.S. Supreme Court  Justice

"Liberty has never come from government! Liberty has come from  the subjects of government. The history of liberty is the history of  resistance!"
- Woodrow Wilson, 1912

"They that can give up  essential liberty to obtain a little temporary safety deserve neither liberty  nor safety [and they will very quickly lose both]."
- Benjamin Franklin  

"Trade liberty for safety or money and you'll end up with neither.  Liberty, like a grain of salt, easily dissolves. The power of questioning -  not simply believing - has no friends. Yet liberty depends on it."
-  Thomas Jefferson

"In the beginning of a change, the Patriot is a  scarce man, brave, hated and scorned. When his cause succeeds, however, the  timid join him, for then it costs nothing to be a patriot."
- Mark Twain  

"It is the duty of the Patriot to protect his country from its  government."
- Thomas Paine

"Let us disappoint the men who would  raise themselves upon the ruin of our country."
- John Adams

"The  perverse deceptiveness characteristic of the individuals who control the  Federal Reserve Bank is readily apparent to those who know the necessary  historical truths. The fact that they adorn their notes with the symbols of  the Freemasons and pictures of our national heroes (to help carry on the  charade that the Fed is a government institution), who were actually  diametrically [totally] opposed to the Fed's existence and its type of  'money', is a mockery that is outright diabolical, and must be the insider's  'joke' of all time. Unfortunately, the consequences of this colossal con to  the American people, and the entire world, are all too deadly serious. The  Federal Reserve Bank is not federal, is not a reserve, and is not even a real  bank."
- [Anonymous]

"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"

Encyclical of  Pope Benedict XIV . ....  Hardly had the new controversy (namely, whether certain contracts should be held valid) come to our attention, when several opinions began spreading in Italy that hardly seemed to agree with sound doctrine; We decided that We must remedy this.  If We did not do so immediately, such an evil might acquire new force by delay and silence. If we neglected our duty, it might even spread further, shaking those cities of Italy so far not affected.  Therefore We decided to consult with a number of the Cardinals of the Holy Roman Church, who are renowned for their knowledge and competence in theology and canon law. We also called upon many from the regular clergy who were outstanding in both the faculty of theology and that of canon law. We hose some monks, some mendicants, and finally some from the regular clergy. As presiding officer, We appointed one with degrees in both canon and civil law, who had lengthy court experience. We chose the past July 4 for the meeting at which We explained the nature of the whole business. We learned that all had known and considered it already. 2. We then ordered them to consider carefully all aspects of the matter, meanwhile searching for a solution; after this consideration, they were to write out their conclusions. We did not ask them to pass judgment on the contract which gave rise to the controversy since the many documents they would need were not available. Rather We asked that they establish a fixed teaching on usury, since the opinions recently spread abroad seemed to contradict the Church's doctrine. All complied with these orders. They gave their opinions publicly in two convocations, the first of which was held in our presence last July 18, the other last August 1; then they submitted their opinions in writing to the secretary of the convocation. 3. Indeed they proved to be of one mind in their opinions.

I. The nature of the sin called usury has its proper place and origin in a loan contract.  This financial contract between consenting parties demands, by its very nature, that one return to another only as much as he has received. The sin rests on the fact that sometimes the creditor desires more than he has given.  Therefore he contends some gain is owed him beyond that which he loaned, but any gain which exceeds the amount he gave is illicit and usurious.    II. One cannot condone the sin of usury by arguing that the gain is not great or excessive, but rather moderate or small; neither can it be condoned by arguing that the borrower is rich; nor even by arguing that the money borrowed is not left idle, but is spent usefully, either to increase one's fortune, to purchase new estates, or to engage in business transactions. The law   governing loans consists necessarily in the equality of what is given and returned; once the equality has been established, whoever demands more than that violates the terms of the loan. Therefore if one receives interest, he must make restitution according to the commutative bond of justice; its function in human contracts is to assure equality for each one. This law is to be observed in a holy manner. If not observed exactly, reparation must be made.  III. By these remarks, however, We do not deny that at times together with the loan contract certain other titles-which are not at all intrinsic to the contract-may run parallel with it. From these other titles, entirely just and legitimate reasons arise to demand something over and above the amount due on the contract. Nor is it denied that it is very often possible for someone, by means of contracts differing entirely from loans, to spend and invest money legitimately either to provide oneself with an annual income or to engage in legitimate trade and business. From these types of contracts honest gain may be made. IV. There are many different contracts of this kind. In these contracts, if equality is not maintained, whatever is received over and above what is fair is a real injustice. Even though it may not fall under the precise rubric of usury  (since all reciprocity, both open and hidden, is absent), restitution is obligated. Thus if everything is done correctly and weighed in the scales of justice, these same legitimate contracts suffice to provide a standard and a principle or engaging in commerce and fruitful business for the common good.  Christian minds should not think that gainful commerce can flourish by usuries or other similar injustices. On the contrary, We learn from divine Revelation that justice raises up nations; sin, however, makes nations miserable. V. But you must diligently consider this, that some will falsely and rashly persuade themselves, and such people can be found anywhere-that together with loan contracts there are other legitimate titles or, excepting loan contracts, they might convince themselves that other just contracts exist, for which it is permissible to receive a moderate amount of interest. Should any one think like this, he will oppose not only the judgment of the Catholic Church on usury, but also common human sense and natural reason.  Everyone knows that man is obliged in many instances to help his fellows with a simple, plain loan. Christ Himself teaches this: "Do not refuse to lend to him who asks you."  In many circumstances, no other true and just contract may be possible except for a loan. Whoever therefore wishes to follow his conscience must first diligently inquire if, along with the loan, another category exists by means of which the gain he seeks may be lawfully attained.

4. This is how the Cardinals and theologians and the men most conversant with the canons, whose advice We had asked for in this most serious business, explained their opinions. Also We devoted our private study to this matter before the congregations were convened, while they were in session, and again after they had been held; for We read the opinions of these outstanding men most diligently.  Because of this, We approve and confirm whatever is contained in the opinions above, since the professors of Canon Law and Theology, scriptural evidence, the decrees of previous popes, and the authority of Church  councils and the  Fathers all seem to enjoin it. Besides, We certainly know the authors who hold the opposite opinions and also those who either support and defend those authors or at least who seem to give them consideration.  We are also aware that the theologians of regions neighboring those in which the controversy had its origin undertook the defense of the truth with wisdom and seriousness. 5. Therefore We address these encyclical letters to all Italian Archbishops, Bishops, and priests to make all of you aware of these matters. Whenever Synods are held or sermons preached or instructions on sacred doctrine given, the above opinions must be adhered to strictly. Take great care that no one in your dioceses dares to write or preach the contrary; however if any one should refuse to obey, he should be subjected to the penalties imposed by the sacred canons on those who violate Apostolic mandates.  6. Concerning the specific contract which caused these new controversies, We decide nothing for the present; We also shall not decide now about the other contracts in which the theologians and canonists lack agreement.  Rekindle your zeal for piety and your conscientiousness so that you may execute what We have given.  7. First of all, show your people with persuasive words that the sin and vice of usury is most emphatically condemned in the Sacred Scriptures; that it assumes various forms and appearances in order that the faithful, restored to liberty and grace by the blood of Christ, may again be driven headlong into ruin. Therefore, if they desire to invest their money, let them exercise diligent care lest they be snatched by cupidity, the source of all evil; to this end, let them be guided by those who excel in doctrine and the glory of virtue.    8. In the second place, some trust in their own strength and knowledge to such an extent that they do not hesitate to give answers to those questions which demand considerable knowledge of sacred theology and of the canons. But it is essential for these people, also, to avoid extremes, which are always evil. For instance, there are some who judge these matters with such severity that they hold any profit derived from money to be illegal and usurious; in contrast to them, there are some so indulgent and so remiss that they hold any gain whatsoever to be free of usury. Let them not adhere too much to their private opinions. Before they give their answer, let them consult a number of eminent writers; then let them accept those views which they understand to be confirmed by knowledge and authority. And if a dispute should arise, when some contract is discussed, let no insults be hurled at those who hold the contrary opinion; nor let it be asserted that it must be severely censured, particularly if it does not lack the support of reason and of men of reputation. Indeed clamorous outcries and accusations break the chain of Christian love and give offense and scandal to the people.  9. In the third place, those who desire to keep themselves free and untouched by the contamination of usury and to give their money to another in such a manner that they may receive only legitimate gain should be admonished to make a contract beforehand. In the contract they should explain the conditions and what gain they expect from their money. This will not only greatly help to avoid concern and anxiety, but will also confirm the contract in the realm of public business. This approach also closes the door on controversies-which have arisen more than once, since it clarifies whether the money, which has been loaned without apparent interest, may actually contain concealed usury.    10. In the fourth place We exhort you not to listen to those who say that today the issue of usury is present in name only, since gain is almost always obtained from money given to another. How false is this opinion and how far removed from the truth! We can easily understand this if we consider that the nature of one contract differs from the nature of another. By the same token, the things which result from these contracts will differ in accordance with the varying nature of the contracts. Truly an obvious difference exists between gain which arises from money legally, and therefore can be upheld in the courts of both civil and canon law, and gain which is illicitly obtained, and must therefore be returned according to the judgments of  both courts. Thus, it is clearly invalid to suggest, on the grounds that some gain is usually received from money lent out, that the issue of usury is irrelevant in our times. 11. These are the chief things We wanted to say to you. We hope that you may command your faithful to observe what these letters prescribe; and that you may undertake effective remedies if disturbances should be stirred up among your people because of this new controversy over usury or if the simplicity and purity of doctrine should become corrupted in Italy.  Finally, to you and to the flock committed to your care, We impart the Apostolic Benediction.    ....

Larry Parks, Executive Director, FAME  "With the monetary system we have now, the careful saving of a lifetime can be wiped out in an eyeblink."
George Bernard Shaw  “You have to choose [as a voter] between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold.”  

Voltaire (1694-1778)  “Paper money eventually returns to its intrinsic value ---- zero.”  

Daniel Webster,
speech in the Senate, 1833
 “We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.”  

Thomas Jefferson to
John Taylor, 1816
 “I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.”  

Daniel Webster  "Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money."  

St. Louis Federal Reserve Bank,
Review, Nov. 1975, p.22
 "The decrease in purchasing power incurred by holders of money due to inflation imparts gains to the issuers of money--."++  

Federal Reserve Bank, New York  
The Story of Banks
, p.5.  "Because of 'fractional' reserve system, banks, as a whole, can expand our money supply several times, by making loans and investments."++  

Federal Reserve Bank of Philadelphia,
Gold, p. 10
 "Without the confidence factor, many believe a paper money system is liable to collapse eventually."++  

Federal reserve Bank of New York,  
I Bet You Thought
, p.19  "Commercial banks create checkbook money whenever they grant a loan, simply by adding new deposit dollars in accounts on their books in exchange for a borrower's IOU."++  

Federal Reserve Bank of Chicago,  
Modern Money Mechanics
, p.3  "The actual process of money creation takes place in commercial banks. As noted earlier, demand liabilities of commercial banks are money."++  

U.S. Supreme Court,
Craig v. Missouri,
4 Peters 410.
 "Emitting bills of credit, or the creation of money by private corporations, is what is expressly forbidden by Article 1, Section 10 of the U.S. Constitution."++  

James A. Garfield  "Whoever controls the volume of money in any country is absolute master of all industry and commerce."++  

Frederic Bastiat,
The Law
 "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."++  

Irving Fisher,
100% Money
 "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."++  

John Maynard Keynes,  
The Economic Consequences of the Peace,
1920, page 240  
"If, however, a government refrains from regulations and allows matters to take their course,  essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer."  

John Maynard Keynes,  
The Economic Consequences of the Peace
1920, page 235ff  "Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . .  Lenin was certainly right. There is no subtler, no surer means 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 which not one man in a million can diagnose."  

Ralph M. Hawtrey,
former Secretary of Treasury,
 "Banks lend by creating credit. They create the means of payment out of nothing."++  

Robert H. Hemphill,
former credit manager,
Federal Reserve Bank of Atlanta
 "Money is the most important subject intellectual persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and its defects remedied very soon."++  

Sir Josiah Stamp, former President,
Bank of England
 "Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back."++  

Rt. Hon. Reginald McKenna, former
Chancellor of Exchequer, England
 "Those who create and issue money and credit direct the policies of government and hold in the hollow of their hands the destiny of the people."++  

John Adams, letter to
Thomas Jefferson
 "All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation."++  

Wm. Jennings Bryan  "Money power denounces, as public enemies, all who question its methods or throw light upon its crimes."++  

George Washington, in letter to
J. Bowen, Rhode Island,
Jan. 9, 1787
 "Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice."++  

George Bancroft,  
A Plea for the Constitution
(1886)  "Madison, agreeing with the journal of the convention, records that the grant of power to emit bills of credit was refused by a majority of more than four to one. The evidence is perfect; no power to emit paper money was granted to the legislature of the United States."++  

Article One, Section Ten,  
United States Constitution
 "No state shall emit bills of credit, make any thing but gold and silver coin a tender in payment of debts, coin money---."++  

John C. Calhoun,
Speech 5/27/1836
 "A power has risen up in the government greater than the people themselves, consisting of many and various powerful interest, combined in one mass; and held together by the cohesive power of the vast surplus in banks."  

Andrew Jackson: To delegation of
bankers discussing the
Bank Renewal Bill, 1832
 "You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out."  
Treasury Secretary Woodin,
 "Where would we be if we had I.O.U.'s scrip and certificates floating all around the country?" Instead he decided to "issue currency against the sound assets of the banks. [As opposed to issuing currency against gold.] The Federal Reserve Act lets us print all we'll need. And it won't frighten the people. It won't look like stage money. It'll be money that looks like real money." [Emphasis added.] (Source: 'Closed for the Holiday: The Bank Holiday of 1933', p20 - Federal Reserve Bank of Boston)  

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.” Money: Whence it came, where it went - 1975, p15  

John Kenneth Galbraith  “The process by which banks create money is so simple that the mind is repelled.”  
Money: Whence it came, where it went - 1975, p29

Senator Carter Glass,
Author of the Banking Act of 1933
 "Is there any reason why the American people should be taxed to guarantee the debts of banks, any more than they should be taxed to guarantee the debts of other institutions, including merchants, the industries, and the mills of the country?"  

Chief Justice Salmon Chase, formerly Secretary of Treasury in President Lincoln’s administration, in dissent of Knox vs. Lee (The Legal Tender Cases, 1871)
“The legal tender quality [of money] is only valuable for the purposes of dishonesty.”  

  Dr. Alan Greenspan, Chairman of the Federal Reserve Board of Governors, 11/20/2003  "As long as we issue fiat currency, I see no alternative to a legal tender law."  

  John Adams  "All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation."  

Friedrich A. Hayek (1899-1992) Austrian Economist, Author and 1974 Nobel Prize-Winner for Economics
 “With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.”   

  Dr. Edwin Vieira, FAME Foundation Scholar  "You can fool some of the people all of the time, and all of the people some of the time, and that's good enough."

"A lie repeated a thousand times becomes the 'truth'."
- [Unknown]

"The perfect slave is the slave who thinks that he is free."
- [Unknown]  

"The truth is always revolutionary."
- Antonio Gramsci  

"The Empire never ended."
- Philip K. Dick