Banking & Federal Reserve
Quotes
"The entire taxing and
monetary systems are hereby placed under the U.C.C. (Uniform
Commercial Code)" -- The Federal Tax Lien Act of 1966
"The few who understand
the system, will either be so interested from it's profits or so dependant
on it's favors, that there will be no opposition from that class." --
Rothschild Brothers of London, 1863
"Give me control of a
nation's money and I care not who makes it's laws" -- Mayer Amschel
Bauer Rothschild
"Most Americans have no
real understanding of the operation of the international money lenders. The
accounts of the Federal Reserve System have never been audited. It operates
outside the control of Congress and manipulates the credit of the United States"
-- Sen. Barry Goldwater (Rep. AR)
"Whoever controls the
volume of money in any country is absolute master of all industry and
commerce." -- James A. Garfield, President of the United States
"Banks lend by
creating credit. They create the means of payment out of nothing" -- Ralph M.
Hawtrey, Secretary of the British Treasury
"To expose a 15
Trillion dollar ripoff of the American people by the stockholders of the 1000
largest corporations over the last 100 years will be a tall order of business."
-- Buckminster Fuller
"Every Congressman,
every Senator knows precisely what causes inflation...but can't, [won't]
support the drastic reforms to stop it [repeal of the Federal Reserve Act]
because it could cost him
his job." -- Robert A. Heinlein, Expanded Universe
"It is well that the
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
"The regional Federal
Reserve banks are not government agencies. ...but are independent,
privately owned and locally controlled corporations." -- Lewis vs. United
States, 680 F. 2d 1239
9th Circuit 1982
"We have, in this
country, one of the most corrupt institutions the world has ever known. I refer
to the Federal Reserve Board. This evil institution has impoverished the people
of the United States and has practically bankrupted our government. It has done
this through the corrupt practices of the moneyed vultures who control it". --
Congressman Louis T. McFadden in 1932 (Rep. Pa)
"The Federal Reserve
banks are one of the most corrupt institutions the world has ever seen.
There is not a man within the sound of my voice who does not know that this
nation is run by the
International bankers -- Congressman Louis T. McFadden (Rep. Pa)
"Some people think the
Federal Reserve Banks are the United States government's institutions.
They are not government institutions. They are private credit monopolies which
prey upon the people
of the United States for the benefit of themselves and their foreign swindlers"
-- Congressional
Record 12595-12603 -- Louis T. McFadden, Chairman of the Committee on Banking
and
Currency (12 years) June 10, 1932
"[Every circulating FRN]
represents a one dollar debt to the Federal Reserve system." -- Money
Facts, House Banking and Currency Committee
"...the increase in the
assets of the Federal Reserve banks from 143 million dollars in 1913 to
45 billion dollars in 1949 went directly to the private stockholders of the
[federal reserve] banks." --
Eustace Mullins
"As soon as Mr.
Roosevelt took office, the Federal Reserve began to buy government securities
at the rate of ten million dollars a week for 10 weeks, and created one hundred
million dollars in new
[checkbook] currency, which alleviated the critical famine of money and credit,
and the factories
started hiring people again." -- Eustace Mullins
"Should government
refrain from regulation (taxation), the worthlessness of the money becomes
apparent and the fraud can no longer be concealed." -- John Maynard Keynes,
"Consequences of
Peace."
"By this means
government may secretly and unobserved, confiscate the wealth of the people,
and not one man in a million will detect the theft."--John Maynard Keynes
(the father of 'Keynesian Economics' which our nation now endures) in his book
"THE ECONOMIC CONSEQUENCES
OF THE PEACE" (1920).
"These 12 corporations
together cover the whole country and monopolize and use for private
gain every dollar of the public currency..." -- Mr. Crozier of Cincinnati,
before Senate Banking and
Currency Committee - 1913
"A great industrial
nation is controlled by it's system of credit. Our system of credit is
concentrated
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 world--no longer a government of
free opinion, no
longer a government by conviction and vote of the majority, but a government by
the opinion and
duress of small groups of dominant men." --President Woodrow Wilson
"We are completely
dependant 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.... It is
the most important
subject intelligent persons can investigate and reflect upon. It is so important
that our present
civilization may collapse unless it becomes widely understood and the defects
remedied very soon."
--Robert H. Hamphill, Atlanta Federal Reserve Bank
"The Federal Reserve
Banks are not federal instrumentalities..." -- Lewis vs. United States
9th Circuit 1992
"The Federal Reserve
banks, while not part of the government,..." -- United States budget for
1991 and 1992 part 7, page 10
"The Federal Reserve
bank buys government bonds without one penny..." -- Congressman
Wright Patman, Congressional Record, Sept 30, 1941
"The Federal Reserve
system pays the U.S. Treasury 020.60 per thousand notes --a little over
2 cents each-- without regard to the face value of the note. Federal Reserve
Notes, incidently, are
the only type of currency now produced for circulation. They are printed
exclusively by the
Treasury's Bureau of Engraving and Printing, and the $20.60 per thousand price
reflects the Bureau's
full cost of production. Federal Reserve Notes are printed in 01, 02, 05, 10,
20, 50, and 100 dollar
denominations only; notes of 500, 1000, 5000, and 10,000 denominations were last
printed in
1945." --Donald J. Winn, Assistant to the Board of Governors of the Federal
Reserve system
"Neither paper currency
nor deposits have value as commodities, intrinsically, a 'dollar' bill is just
a piece of paper. Deposits are merely book entries." -- Modern Money
Mechanics Workbook,
Federal Reserve Bank of Chicago, 1975
"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....the worst
legislative crime of the ages is perpetrated by this banking and currency bill."
--
Charles A. Lindbergh, Sr. , 1913
"From now on,
depressions will be scientifically created." -- Congressman Charles A.
Lindbergh Sr. , 1913
"The financial system
has been turned over to the Federal Reserve Board. That Board asministers the
finance system by authority of a purely profiteering group. The system is
Private, conducted for the sole purpose of obtaining the greatest possible
profits from the use of other people's money" -- Charles A. Lindbergh Sr.,
1923
"The [Federal Reserve
Act] as it stands seems to me to open the way to a vast inflation of the
currency... I do not like to think that any law can be passed that will make it
possible to submerge
the gold standard in a flood of irredeemable paper currency." -- Henry Cabot
Lodge Sr., 1913
"When you or I write a
check there must be sufficient funds in out account to cover the check,
but when the Federal Reserve writes a check there is no bank deposit on which
that check is drawn.
When the Federal Reserve writes a check, it is creating money." -- Putting it
simply, Boston Federal
Reserve Bank
"There is a
distinction between a 'debt discharged' and a debt 'paid'. When discharged, the
debt
still exists though divested of it's charter as a legal obligation during the
operation of the discharge, something of the original vitality of the debt
continues to exist, which may be transferred, even
though the transferee takes it subject to it's disability incident to the
discharge." --Stanek vs. White,
172 Minn.390, 215 N.W. 784
"I have never seen
more Senators express discontent with their jobs....I think the major cause is
that, deep down in our hearts, we have been accomplices in doing something
terrible and
unforgiveable to our wonderful country. Deep down in our heart, we know that we
have given our
children a legacy of bankruptcy. We have defrauded our country to get ourselves
elected." -- John
Danforth (R-Mo)
"Capital must protect
itself in every way...Debts must be collected and loans and mortgages
foreclosed as soon as possible. When through a process of law the common people
have lost their
homes, they will be more tractable and more easily governed by the strong arm of
the law applied
by the central power of leading financiers. People without homes will not
quarrel with their leaders.
This is well known among our principal men now engaged in forming an imperialism
of capitalism to
govern the world. By dividing the people we can get them to expend their
energies in fighting over
questions of no importance to us except as teachers of the common herd."--
Taken from the Civil Servants' Year Book, "The Organizer" January 1934.
Founding Father's Quotes on
Banking
(Maybe some repeats from "Founding Father's Quotes" / Information tends to
converge)
"I believe that
banking institutions are more dangerous to our liberties than standing armies.
Already they have raised up a monied aristocracy that has set the government at
defiance. The
issuing power (of money) should be taken away from the banks and restored to the
people to
whom it properly belongs."--Thomas Jefferson, U.S. President.
"If Congress has the
right [it doesn't] to issue paper money [currency], it was given to them to be
used by...[the government] and not to be delegated to individuals or
corporations" -- President
Andrew Jackson, Vetoed Bank Bill of 1836
"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 it's issuance". -- James Madison
Got this list from BSG ;)