QUOTES OF THE DAY

“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent.”

John Kenneth Galbraith (1908- ), former professor of economics at Harvard, writing in ‘Money: Whence it came, where it went’ (1975).

“I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people.”

Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924.

“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”

Napoleon Bonaparte, Emperor of France, 1815

“I believe that banking institutions are more dangerous to our liberties than standing armies.”

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

“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

“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

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Golden Oxen
Golden Oxen

“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 back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits.” — SIR JOSIAH STAMP, (President of the Bank of England in the 1920’s, the second richest man in Britain):

P.M.Lawrence

That description of Lord (not “Sir Josiah”, by the time he died) Stamp is absurd. “President” of the Bank of England, and richer than most Dukes and than the longer established industrialists? And the wikipedia article acknowledges that the quotation is unverified; certainly, even if it is fundamentally sound, internal evidence strongly suggests that it has been seriously edited in recent years, as its wording, approach and style are not of that period.

Golden Oxen
Golden Oxen

Thanks PM for the input. Was unaware.

Admins posting had me looking at similar on the net and came upon that one and posted it as it resonated with me.

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