Money As Debt
February 28, 2008
Bankers run the world. There it is. Yes, they are in cohoots with the European ruling oligarchs and politicians, governments, NGOs, foundations, religious institutions and corporate leaders they control but without a doubt the international bankers are the ones calling the shots. The 47 minute video below called "Money as Debt" makes this very clear. So, if you're looking for someone to blame for the economic chaos to come, look no further than the international bankers.
Below are the quotes from the video.
"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)
"Each and every time a bank makes a loan, new bank credit is created - new deposits - brand new money."
Graham F. Towers, Governor of the Bank of Canada, 1934-54
"The process by which banks create money is so simple that the mind is repelled."
John Kenneth Galbraith, Economist
"Permit me to issue and control the money of a nation, and I care not who makes its laws."
Mayer Amschel Rothschild
"Everyone sub-consciously knows banks do not lend money. When you draw on your savings account, the bank doesn't tell you you can't do this because it has lent the money to somebody else. You would be pretty irate if this happened because it would amount to theft."
Mark Mansfield, Economist and Author
"I am afraid that the ordinary citizen will not like to be told that the banks can and do create and destroy money... 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."
Reginald McKenna speaking to stockholders as Chairman of the Board of
Midland Bank in January 1924
"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."
Irving Fisher, Economist and Author
"That is what our monetary system is. If there were no debts in our money system, there wouldn't be any money."
Marriner S. Eccles, Chairman of the Federal Reserve Board
"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 so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon."
Robert Hemphill, Credit Manager of the Federal Reserve Bank in Atlanta
"Anyone that believes that exponential growth can go on forever is either a madman or an economist."
Kenneth Boulding, Economist
"I have never yet had anyone who could through the use of logic and reason, justify the Federal Government borrowing the use of its own money... I believe the time will come when people will demand that this be changed. I believe the time will in this country when they will actually blame you and me and everyone else in Congress fro sitting idly by and permitting such an idiotic system to continue."
Wright Patterson, Democratic Congressman 1928-1975, Chairman of Banking and Currency 1963-1975
"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 relationship between master and slave."
Leo Tolstoy
"None are more enslaved than those that falsely believe they are free."
Goethe
"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 control credit, and with the flick of a pen, they will create enough money to buy it back again. Take this great power away from the bankers and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a better and happier world to live in. But if you want to continue the slaves of bankers and pay the cost of your own slavery, let them continue to create money and to control credit."
Sir Josiah Stamp, Director, Bank of England 1928-1941 (reputed to be the 2nd richest man in England at the time)
"The inability of the colonists to get the power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War."
Benjamin Franklin
"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.
U.S. President Woodrow Wilson
"All of the perplexities, confusion, and distress in America arises, not from the defects of the Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation."
John Adams, Founding Father of the American Constitution
"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 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."
assassinated President United States James A. Garfield
"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 humanity."
Abraham Lincoln
""Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of the sovereignty of Parliament and of democracy is idle and futile...Once a nation parts with control of its currency and credit, it matters not who makes that nation's laws...Usury once in control will wreck any nation""
Canadian Prime Minister William Lyon Mackenzie King, 1935
While this quote is not included in the movie it is still very relevant...
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children 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.
Thomas Jefferson