quotations from the documentary

The Money Masters

How Banks Create the World's Money

 

Representative Charles A. Lindberg (R-MN)

The financial system ... has been turned over to the Federal Reserve Board. That Board administers 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.

 

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Representative Louis T. McFadden (R-TX)

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.

 

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Thomas Jefferson

I sincerely 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.

 

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Senator Barry Goldwater (R-AZ)

Most Americans have no real understanding of the operation of the international moneylenders. ... 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.

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James Madison

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.

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Benjamin Franklin

In the Colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one.

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Benjamin Franklin

The inability of the colonists to get 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.

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William Findley

The institution [The Bank of North America] having no principle but that of avarice, will never be varied in its object ... to engross all the wealth, power and influence of the state.

[The Bank of North America, was chartered in 1781 by the Continental Congress, meeting in Philadelphia, to help fund the Revolutionary War against Great Britain. It was a privately-owned central bank, closely modeled after the Bank of England, and was allowed to practice fractional reserve banking. It was the predecessor of the Federal Reserve.]

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Thomas Jefferson

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.

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Gouvenor Morris

The rich will strive to establish their dominion and enslave the rest. They always did. They Always will ... They will have the same effect here as elsewhere, if we do not, by [the power of] government, keep them in the proper spheres.

 

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Napoleon Bonaparte

The hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency: their sole object is gain.

 

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President Andrew Jackson's re-election campaign slogan

Jackson and no Bank [the Second Bank of the United States, the privately-owned national Central Bank]

[Andrew Jackson was determined to remove U.S. government deposits from the privately-owned Second Bank of the United States in 1833, and place the money in state banks instead]

 

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Nicholas Biddle, head of the Second Bank of the United States, threatened to cause a depression in the United States in 1833 if President Andrew Jackson did not recharter the Bank.

[The privately-owned Second Bank of the United States was chartered in 1816, backed by the Rothschilds who controlled the Bank of England. The Bank's charter was removed by President Andrew Jackson in 1833.]

"This worthy President [Andrew Jackson] thinks that ... he is to have his way with the Bank [Second Bank of the United States]. He is mistaken.

... Nothing but widespread suffering will produce any effect on Congress... Our only safety is in pursuing a steady course of firm restriction [of the money supply] - and I have no doubt that such a course will ultimately lead to restoration of the currency and the recharter of the bank [Second Bank of the United States]."

[the result of the contraction of the money supply by the Second Bank of the United States under Nicholas Biddle, was a financial panic followed by a deep depression]

 

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Otto von Bismark, Chancellor of Germany

The division of the United States into federations of equal force was decided long before the Civil War by the high financial powers of Europe. These bankers were afraid that the United States, if they remained as one block, and as one nation, would attain economic and financial independence, which would upset their financial domination over the world.

 

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Colonel Dick Taylor to President Abraham Lincoln about how to finance the Civil War

Get Congress to pass a bill authorizing the printing of full legal tender treasury notes ... and pay your soldiers with them and go ahead and win the war with them also.

... The people or anyone else will not have any choice in the matter, if you make them full legal tender. They will have the full sanction of the government and be just as good as any money; as Congress is given the express right by the Constitution.

[in 1862-63 President Lincoln printed up over 400 million dollars of the new bills, called Greenbacks because of the green color of the bill's back, and financed the Civil War - at no interest]

 

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President Abraham Lincoln

The Government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of consumers.

The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity.

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.

 

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editorial in the London Times about President Lincoln's issuing of full legal tender Treasury notes (Greenbacks) during the Civil War, 1962-63

If this mischievous financial policy which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. The brains and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe.

 

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[Because of the continuing need to fund the Union Army during the Civil War, President Lincoln allowed the National Bank Act to be passed by Congress. The new national banks would operate under a tax-free status, and have a monopoly to create the new form of money - bank notes. As a result, the entire U.S. money supply would be created out of debt by bankers buying U.S. government bonds, and issuing them for reserves for banks notes.]

 

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John Kenneth Galbraith

In numerous years following the [Civil] War, the Federal government ran a heavy surplus. It could not [however] pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.

 

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President Abraham Lincoln

The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy.

 

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Secretary of the Treasury Salmon P. Chase

My agency in promoting the passage of the National Banking Act was the greatest financial mistake in my life. It has built up a monopoly which affects every interest in the country.

 

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German Chancellor Otto von Bismark

The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots ... I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America, and use it systematically to corrupt modern civilization. They will not hesitate to plunge the whole of Christendom into was and chaos in order that the earth should become their inheritance.

 

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Vancouver [Canada] Sun newspaper, May 4, 1934

Gerald Gratton McGreer, a Vancouver Canada lawyer and student of Lincoln still insists there is plenty of evidence to support his conclusion the Great Emancipator was assassinated by agents of the international bankers of the day.

 

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Vancouver [Canada] Sun newspaper, May 4, 1934

Abraham Lincoln, the martyred Emancipator of the Slaves, was assassinated through the machinations of a group representative of the International bankers who feared the United States President's national credit ambitions - and the plot was hatched in Toronto and Montreal.

... There was only one group in the world at that time who could finance anything they cared to attempt without regard to cost, and who had any reason to desire the death of Lincoln.

They were the men opposed to his national currency program, and who had fought him throughout the whole of the Civil War on his policy of greenback currency.

They were the men interested in the establishment of the Gold Standard money system and the right of the bankers to manage the currency and credit of every nation in the world.

With Lincoln out of the way they were able to proceed with that plan, and did proceed with it in the United States. Within eight years after Lincoln's assassination, silver was demonetized, and the Gold Standard money system set up in the United States.

 

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W. Cleon Skousen

Right after the Civil War there was considerable talk about reviving Lincoln's brief experiment with the Constitutional monetary system. Had not the European money-trust intervened, it would have no doubt become an established institution.

 

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Theodore R. Thoren and Richard F. Warner in 'The Truth in Money Book'

The hard times which occurred after the Civil War could have been avoided if the Greenback legislation had continued as President Lincoln had intended. Instead, there were a series of money panics - what we call recessions - which put pressure on Congress to enact legislation to put the banking system under centralized control. Eventually the Federal Reserve Act was passed on December 23, 1913.

 

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Ernest Seyd

I went to America in the winter of 1872-73 to secure, if I could, the passage of a bill demonetizing silver. It was in the interest of those I represented - the governors of the Bank of England - to have it done. By 1873, gold coins were the only form of coin money.

 

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United States Silver Commission

The disaster of the Dark Ages was caused by decreasing money and falling prices ... Without money, civilization could not have had a beginning, and with a diminishing supply, it must languish and unless relieved, finally perish.

 

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James Buel, American Bankers Association meeting, 1877 - in a letter to ABA members to do everything to prevent the U.S. returning to Greenbacks

It is advisable to do all in your power to sustain such prominent daily and weekly newspapers, especially the Agricultural and Religious Press, as will oppose the greenback issue of paper money and that you will also withhold patronage from all applicants who are not willing to oppose the government issue of money.

... To repeal the Act creating bank notes, or to restore to circulation the government issue of money will be to provide the people with money and will therefore seriously affect our individual profits as bankers and lenders.

See your Congressman at once and engage him to support our interests that we may control legislation.

 

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President James Garfield

Whosoever 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 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 originate.

 

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American Bankers Association, 1891, as printed in the Congressional Record of April 29, 1913

On September 1st, 1894, we will not renew our loans under any consideration. On September 1st wee will demand our money.

We will foreclose and become mortgagees in possession. We can take two-thirds of the farms west of the Mississippi, and thousands of them east of the Mississippi as well, at out own price... Then the farmers will become tenants as in England.

 

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Alfred Crozier, Ohio attorney

The bill [Glass-Owen Bill] grants just what Wall Street and the big banks for twenty-five years have been striving for - private instead of public control of currency.

[The Glass-Owen Bill and the Aldrich Bill to establish in the United States a private central bank which] rob the government and the people of all effective control over the public's money, and vest in the banks exclusively the dangerous power to make money among the people scarce or plenty.

[The Glass-Owen Bill or the Federal Reserve Act of 1913, established a private central bank - the Federal Reserve - and granted it monopoly control of the money supply in the United States.]

 

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Representative Charles Lindberg (R-MN)

This Act [Federal Reserve Act of 1913] establishes the most gigantic trust on earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized. The people may not know it immediately, but the day of reckoning is only a few years removed... The worst legislative crime of the ages is perpetrated by this banking bill.

 

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Representative Charles Lindberg (R-MN)

To cause high prices, all the Federal Reserve Board will do will be to lower the rediscount rate, producing an expansion of credit and a rising stock market; then when business men are adjusted to these conditions, it can check prosperity in mid-career by arbitrarily raising the rate of interest.

It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation, and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down.

This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed.

The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money.

They know in advance when to create panics to their advantage. They also know when to stop panic. Inflation and deflation work equally well for them when they control finance.

 

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Thomas Edison

If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good, also. The difference between the bond and the bill is the bond lets money brokers collect twice the amount of the bond and an additional 20%, where as the currency pays nobody but those who contribute directly in some useful way.

It is absurd to say that our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one promise fattens the usurers and the other helps the people.

 

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President Woodrow Wilson

We have come to be one of the worst ruled, one the most completely controlled governments in the civilized world - no longer a government by a vote of the majority, but a government by the opinion and duress of a small group of dominant men.

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 organize, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speck in condemnation of it.

 

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Gary Allen, author

If one understands the socialism is not a share-the-wealth program, but is in reality a method to consolidate and control the wealth, then the seeming paradox of super-rich men promoting socialism becomes no paradox at all. Instead, it becomes logical, even the perfect tool of power-seeking megalomaniacs.

Communism, or more accurately socialism, its not a movement of the downtrodden masses, but of the economic elite.

 

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W. Cleon Skousen

Power from any source tends to create an appetite for additional power ... It was almost inevitable that the super-rich would one day aspire to control not only their own wealth, but the wealth of the whole world.

To achieve this, they were perfectly willing to feed the ambitions of the power-hungry political conspirators who were committed to the overthrow of all existing governments and the establishments of a central world-wide dictatorship.

 

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Representative Louis McFadden (D-PA), chairman of the House Banking and Currency Committee from 1920-31 - said that the Federal Reserve Act that established a private central bank in the United States with a monopoly over the country's currency

[The stockholders of the Federal Reserve are] a super-state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure.

 

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Representative Wright Patman (D-TX) in the 1960s

In the United States today we have in effect two government. We have the duly constituted Government. Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution.

 

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Theodore Roosevelt, New York Times, March 27, 1922

These International bankers and Rockefeller-Standard Oil interests control the majority of newspapers and the columns of these papers to club into submission or rive out of public office officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government.

 

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John Hylan, Mayor of New York - New York Times, March 26, 1922

The real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state, and nation ... It seizes in is long and powerful tentacles our executive officers, our legislative bodies, our schools, our courts, our newspapers, and every agency created for the pubic protection...

... at the head of this octopus are the Rockefeller-Standard Oil interest and a small group of powerful banking houses generally referred to as the international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes.

They practically control both parties ... and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business...

These international bankers and Rockefeller-Standard Oil interests control the majority of newspapers and magazines n this country.

 

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Curtis Dall, son-in-law of Franklin Roosevelt about the real cause of the Great Depression in 1929

It was a calculated 'shearing' of the public by the World-Money powers triggered by the planned sudden shortage of call money in the New York Money Market.

 

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economist Milton Friedman

The Federal Reserve definitely cause the Great Depression by contracting the amount of currency in circulation by one-third from 1929 to 1933.

 

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Representative Louis McFadden (D-PA)

After World War I, Germany fell into the hands of the German international bankers. These bankers brought her and now they own her, lock, stock, and barrel. They have purchased her industries, they have mortgages on her soil, they control her production, they control all her public utilities.

The international German bankers have subsidized the present Government of Germany and they have also supplied every dollar of the money Adolf Hitler has used in his lavish campaign to build up a threat to the government of Bruening.
When Bruening fails to obey the orders of the German International Bankers, Hitler is brought forth to scare the Germans into submission.

Though the Federal Reserve Board, over $30 billions of American money has been pumped into Germany. You have all heard of the spending that has taken place in Germany... all this was done on our money. All this was given to Germany through the Federal Reserve Board.

The Federal Reserve Board has pumped so many billions of dollars into Germany that they dare not name the total.

 

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Franklin Roosevelt. March 4, 1933

Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men. The money changers have fled from their high seats in the temple of our civilization.

 

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Georgetown University Professor Carroll Quigley in his 1966 book Tragedy and Hope

The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.

The system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.

The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations.

Each central bank sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of c=economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.

 

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a prominent Brazilian politician

The Third World War has already started. It is a silent war. Not, for that reason, any less sinister. The war is tearing down Brazil, Latin America, and practically all the Third World. Instead of soldiers dying, there are children. It is a war over the Third World deft, one which has as its main weapon, interest, a weapon more deadly than the atom bomb, more shattering than a laser beam.

 

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economist Milton Friedman

The stock of money, prices and output was decidedly more unstable after the establishment of the [Federal] Reserve System than before... Any system that gives so much power and much discretion to a few men, so that mistakes can have such far-reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic - this is the key political argument against an independent central bank.

 

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Sir Josiah Stamp, Director of the Bank of England in the 1920s

Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with the slick of a pen they will create enough money to buy it back again. Take this great power away from the bankers and all great fortunes like mine will disappear, for this would be a better and happier world to live in.

But if you want to continue as the slaves of bankers and pay the cost of slavery, let them continue to create money and to control credit.

 

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David Rockefeller

We are on the verge of a global transformation. All we need is the right major crisis and the nation will accept the New World Order.


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