"The Government should create, issue, and circulate all the
currency and credits needed to satisfy the spending power of the
Government and the buying power of consumers. By the adoption of
these principles, the taxpayers will be saved immense sums of
interest. Money will cease to be master and become the servant of
US President Abraham Lincoln"
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
US President James Madison
The money power denounces, as public enemies, all who question
its methods or throw light upon its crimes."
Presidential candidate William Jennings Bryan.
Whoever controls the volume of money in any country is absolute
master of all industry and commerce.
US President James A.
This Federal Reserve Act establishes the most gigantic trust on
earth. When the President (Wilson) signs this bill the invisible
government of the Monetary Power will be legalized.
A. Lindbergh, Sr.
Bankers own the earth; take it away from them but leave them with
the power to create credit; and, with a flick of a pen, they will
create enough money to buy it back again… If you want to be slaves
of bankers and pay the cost of your own slavery, then let the
bankers control money and control credit.
Sir Josiah Stamp,
Director, Bank of England, 1940.
Banks lend by creating credit. They create the means of payment
out of nothing." — Ralph M. Hawtrey, former Secretary of Treasury,
England."The process by which banks create money is so simple that
the mind is repelled.
John K. Galbraith, in "Money: Whence it
came, where it went", p. 29.
"The banks do create money. They have been doing it for a long
time, but they didn’t quite realise it, and they did not admit it.
Very few did. You will find it in all sorts of documents, financial
textbooks, etc. But in the intervening years, and we must all be
perfectly frank about these things, there has been a development of
thought, until today I doubt very much whether you would get many
prominent bankers to attempt to deny that banks create credit.
W. White, Chairman of the Associated Banks of New Zealand, 1955.
The bank hath benefit of interest on all moneys which it creates
out of nothing.
William Paterson, founder of the Bank of
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.
John Adams, letter to Thomas
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.
US President Andrew Jackson.