Re: Fascist Democracy
"The system of banking is a blot left in all our constitutions, which, if not covered, will end in their destruction ... I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity ... is but swindling futurity on a large scale" - President Thomas Jefferson.
"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. I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. Corporations have been enthroned, an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in a few hands and the republic is destroyed" - President Abraham Lincoln after the National Banking Act of 1863 was passed.
"Let me issue and control a nation s money and I care not who writes the laws" - Baron Nathan Mayer de Rothschild.
"You [bankers who want to issue the nation's currency] are a den of vipers. I intend to rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning" - President Andrew Jackson.
"Whoever controls the volume of money in any country is absolute master of all industry and commerce" - President James A. Garfield, 1881.
"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 [sitting in Congress] who does not know that this Nation is run by the International Bankers" - Congressman Louis T. McFadden.
"Every effort has been made by the Federal Reserve Board to conceal its power but the truth is the Federal Reserve Board has usurped the government of the United States. It controls everything here and it controls our foreign relations. It makes and breaks governments at will" - Congressman Louis McFadden Collective Speeches, p. 326.
"While boasting of our noble deeds, we are careful to the ugly fact that by an iniquitous money system we have institutionalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery" - Horace Greeley, editor, publisher, and founder of the New York Tribune.
"A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the Nation and all our activities are 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 (the President who signed the Federal Reserve Act, the 16th Amendment (Income Tax), and the 17th Amendment (direct election of Senators). [Just before his death, Wilson is reported to have stated to friends, "I have betrayed my country", referring to his part in the passage of the Federal Reserve Act].
"Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave with them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your slavery, let them continue to create deposits" - Sir Joshua Stamp, President of the Bank of England in the 1920s.
"People who will not turn a shovel full of dirt on the project nor contribute a pound of material, will collect more money from the United States than will the people who supply all the material and do all the work. This is the terrible thing about interest ... But here is the point: If the 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 that the bond lets the money broker collect twice the amount of the bond and an additional twenty percent. Whereas the currency, the honest sort provided by the Constitution, pays nobody but those who contribute in some useful way. It is absurd to say our country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People. If the currency issued by the People were no good, then the bonds would be no good either. It is a terrible situation when the Government, to insure the national wealth, must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold. Interest is the invention of satan" - Thomas A. Edison, speaking on the occasion of the completion of the Muscle Shouls Dam.
"This is a staggering thought. We are completely dependent on 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. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. 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. Hemphill, Credit Manager of the Federal Reserve Bank of Atlanta, Georgia.
"Commercial banks - that is, fractional reserve banks - create money out of thin air. Essentially they do it the same way as counterfeiters. Counterfeiters, too, create money out of thin air by printing something masquerading as money or as a warehouse receipt for money [as gold]. In this way, they fraudulently extract resources from the public, from the people who have genuinely earned the money. In the same way, fractional reserve banks counterfeit warehouse receipts for money, which then circulate as equivalent to money among the public. There is one exception to the equivalence: the law fails to treat the receipts as counterfeit" - Murray Rothbard, Professor of Economics at the Polytechnic Institute of New York (The Mystery of Banking, by Murray Rothbard, 1983, pp. 98-99).