Quotes about Money

Abraham Lincoln 16th US President

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 the aristocracy, more selfish than the bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes.

John Adams, 2nd US President

All the perplexities, confusion and distress in America arise, not from the defects of the Constitution or confederation, not from want of honour or virtue, so much as from the downright ignorance of the nation, of “coin”, “credit” and “circulation”.

Thomas Jefferson US President

Single acts of tyranny may be ascribed to the accidental opinion of the day, but a series of oppressions begun at a distinguished period, unalterable through every change of ministers, too plainly prove a deliberate, systematic plan of reducing us to slavery.

Sir Mervyn King - Bank of England

When banks extend loans to their customers, they create money by crediting their customers’ account.

Lord Adair Turner - Chairman FSA

The financial crisis of 2007/08 occurred because we failed to constrain the private financial system’s creation of private credit and money.

Graham F. Towers - Bank of Canada

Each and every time a bank makes a loan, new bank credit is created — new deposits — brand new money.

John Kenneth Galbraith, former Harvard professor

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 C. Calhoun, speech, U.S. Senate, Dec. 29, 1841

It had been justly stated by a British writer that the power to make a small piece of paper, not worth one cent, by the inscribing of a few names, to be worth a thousand dollars, was a power too high to be entrusted to the hands of mortal man.

Henry Ford, Ford Motor Company

It is well enough that the people of this nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

Lloyd George, Former British Prime Minister

International bankers swept statesmen, politicians, journalists and jurists all to one side and issued their order with the imperiousness of absolute Monarchs.

Mayer Amschel Rothschild, Banker

Give me the right to issue and control a Nation’s money and I care not who governs the country.

R McKenna, former president Midlands Bank

Those that create and issue the money and credit, direct the policies of government and hold in their hands the destiny of the people

US President Thomas Jefferson..

If the American people ever allow private banks to control the issue of money, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly
belongs“

Rothschild brothers, London 1863

The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests

Paul Flynn MP Newport West

Having checked the numbers of robberies and muggings in the past year, I can say with certainty that the public are much more likely to be robbed by the financial services industry than by burglars or muggers. The difference is that criminal theft is usually a single event, but robbery by financial institutions continues every week for decades.

William Patterson 1694, founder Bank of England

The bank hath benefit of interest on all moneys, which it creates out of nothing

Karl Marx writing in the year 1848

Money plays the largest part in determining the course of history.

Economist Kenneth Boulding

Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.

Major L L B Angus

The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency

Thomas Jefferson, US President

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

Leo Tolstoy, Russian Writer

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.

The Earl of Caithness, to the House of Lords 1997.

…our whole monetary system is dishonest, as it is debt-based… We did not vote for it. It grew upon us gradually but markedly since 1971 when the commodity-based system was abandoned.

Napoleon Bonaparte, Emperor of France.

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.

Abraham Lincoln, US President 1861-5.

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 adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.

Captain Henry Kerby MP, motion tabled in 1964

That this House considers that the continued issue of all the means of exchange – be they coin, bank-notes or credit, largely passed on by cheques – by private firms as an interest-bearing debt against the public should cease forthwith; that the Sovereign power and duty of issuing money in all forms should be returned to the Crown, then to be put into circulation free of all debt and interest obligations…

H W White 1955, to the NZ Monetary Commission.

The banks do create money. They have been doing it for a long time, but they didn’t 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 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 it.

Otto von Bismark, German Chancellor.

The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots and the bankers went anew to grab the riches. I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America and use it to systematically corrupt civilisation.

Sir Josiah Stamp, Director, Bank of England, 1940

Banking was conceived in iniquity, and was born in sin. 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

Ralph M Hawtry, former Secretary to the Treasury

Banks lend by creating credit. They create the means of payment out of nothing

Sir Josiah Stamp, Director, Bank of England, 1940

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. 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.