"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 inequity and born in sin . . . Bankers
own the earth. Take it away from them but leave them the power
to create money, and, with a flick of a pen, they will create
enough money to buy it back again . . . Take this great power
away from them, and all great fortunes like mine will disappear,
for then this would be a better and happier world to live in.
. . . But, if you want to continue to be the slaves of bankers
and pay the cost of your own slavery, then let bankers continue
to create money and control credit."
Sir Josiah Stamp, Director of
the Bank of England, 1927