posted on Feb, 2 2009 @ 03:17 AM
The warnings came from people like this:
"The eyes of our citizens are not sufficiently open to the true cause of our distress. They ascribe them to everything but their true cause: the
banking system… a system which so certain of leading to abuse as to be utterly incompatible with the public safety and prosperity."
Robert H. Hemphill, Federal Reserve Bank of Atlanta:
"If all the bank loans were paid up, no one would have a bank deposit, and there would not be a dollar of currency or coin in circulation. This is a
staggering thought. We are completely dependent on the commercial banks for our money. 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."
Lord Acton, Lord Chief Justice of England, 1875:
"The issue which has swept down the centuries and which will have to be fought sooner or later is “The People vs. The Banks.”"
Andrew Jackson, 7th President of the United States:
"You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out. If the American people only understood
the rank injustice of our money and banking system, there would be a revolution before morning."
James Garfield, 20th President Of U.S.:
"Whoever controls the volume of money in our country is absolute master of all industry and commerce…when you realize that the entire system is
very 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
Robert B. Anderson, former U.S. Secretary of Treasury
"When a bank makes a loan, it simply adds to the borrower’s deposit account in the bank by the amount of the loan. The money is not taken from
anyone else’s deposit; it was not previously paid in to the bank by anyone. It’s new money, created by the bank for the use of the borrower."
Irving Fisher, Professor of Economics, Yale University:
"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."
John Maynard Keynes:
"By a continuing process of inflation, they can confiscate, secretly and unobserved, the wealth of citizens – and not one man in a million will
detect the theft."
U.S. Congressman Jerry Voorhis:
"The commercial banks and the Federal Reserve create all the money of this nation, and its people pay interest on every dollar of that newly created
money. Private banks exercise unconstitutionally, immorally, and ridiculously, the power to tax the people, for every newly created dollar dilutes to
some extent the value of every other dollar already in circulation."
John Quincy Adams:
"All the perplexities, confusions, and distresses in America arise, not from defects in the Constitution or confederation, not from want of honor or
virtue, as much as from downright ignorance of the nature of coin, credit, and circulation."
Sir Josiah Stamp, President, Bank of England:
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 a pen, they will create enough money to buy it back again. If you want to continue to be the slave of the bankers and pay the cost of
your own slavery, then let the bankers continue to create money and control credit.
Woodrow Wilson, Former US President:
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. 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
[edit on 2-2-2009 by username371]