Archive for November 14th, 2008

When the music stops

Here are a few quotes from eminent people in the world of politics, banking and philosophy who can explain our system much better than I can. Any emboldening is mine.


‘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, The New Freedom (1913)

“Permit me to issue and control the money of a nation, and I care not who makes its laws.”

Mayer Amschel Rothschild, International Banker

“The process by which banks create money is so simple the mind is repelled.”

John Kenneth Galbraith, Economist

“I am afraid that the ordinary citizen will not like to be told that 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 hands the destiny of the people”

Reginald McKenna, past Chairman of the Board, Midlands Bank of England

“If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. 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 situation is almost incredible — but there it is.”

Robert Hemphill. Credit Manager, Federal Reserve Bank of Atlanta

One thing to realize about our fractional reserve banking system is that, like a child’s game of musical chairs, as long as the music is playing, there are no losers.”

Andrew Gause, Monetary Historian

“’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 the flick of the pen they will create enough money to buy it back again…

Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit’.”

Sir Josiah Stamp Director, Bank of England 1928-1941
(reputed to be the 2nd richest man in Britain at the time)

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

None are more enslaved than those who falsely believe they are free.”

Goethe

Ampers.

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