thegreatdivide
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Australian Politics<br />
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Ajax wrote on Jul 12 th, 2023 at 10:45am: Quote:"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Thomas Jefferson “The bank hath benefit of interest on all moneys which it creates out of nothing.”
— William Paterson, founder of the Bank of England, 1694. It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
Henry Ford “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 Jefferson. 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.
“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.”
— 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 issuance.”
— US President James Madison “The money power denounces, as public enemies, all who question its methods or throw light upon its crimes.”
— Democrat 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. Garfield
“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.”
— Hon. Charles 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 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.”
— H. W. White, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission, 1955. Excellent post, showing that awareness of how money is created has existed for a long time, but the knowledge was (and is) denied to the people. eg, I'm not sure if the lovely ladies in the video (see #551 below)...excuse their language (!).....are aware of the ruse.
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Modern Monetary Theory (MMT) (Read 91446 times)
