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More Fine Banking Quotes
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- Written by: Rod Boyle
- Category: Miscellany
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. . .Most of which have been written by bankers themselves. Enjoy.
"Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave 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 own slavery, let them continue to create deposits."
Sir Josiah Stamp, President of the Bank of England in the 1920's, the second richest man in Britain
“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale”
Thomas Jefferson
“It is well enough that 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 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... But if you want to continue to be slaves of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit .”
Josiah Charles Stamp
"Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal -- that there is no human relation between master and slave."
Leo Tolstoy
"You are a den of vipers and thieves and I intend to rout you out, and by the eternal God, I will rout you out. If Congress has the right to issue paper money, it was given them to be used by themselves, and not to be delegated to individuals or corporations.."
Andrew Jackson's address to Congress 1829
"I believe that banking institutions are more dangerous to our liberties than standing armies."
Thomas Jefferson
"Let me issue and control a nation's money and I care not who writes the laws."
Mayer Amschel Rothschild, 1790
"Those few who can understand the system (check book money and credit) will either be so interested in its profits, or so dependent on it favors, that there will be little opposition from that class, while on the other hand, the great body of people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear it burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests."
The Rothschild Brothers of London
"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple that the mind is repelled."
John Kenneth Galbraith, Money: Whence it came, where it went
"The bank hath benefit of interest on all moneys which it creates out of nothing."
William Paterson (founder of Bank of England 1694)
"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. Banks can in fact inflate, mint, and un-mint the modern ledger-entry currency"
Major L. L. B. Angus
"Banks lend by creating credit. They create the means of payment, out of nothing."
Ralph M. Hawtery (Former Secretary of the British Treasury)
"All of the perplexities, confusion, and distress in America arises, not from the defects of the Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation."
John Adams, Founding Father
"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."
President James Madison
Quote of the Day
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- Written by: Rod Boyle
- Category: Link of the day
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And sorry, this is just so fitting I couldn't leave it to be randomly generated with the quotes above:
"Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back."
- Sir Josiah Stamp, former President, Bank of England
For more fine quotes on banking, click here.
The SubPrime Primer & An Honest Politician
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- Written by: Rod Boyle
- Category: Link of the day
- Hits: 1535
There's been a lot of press lately about the banking collapse in the US. Since everyone is aware of it I'd thought I'd post a couple of links on that theme today, the first link explains how it all came to pass: The Subprime Primer. And the second video shows a rather intelligent response to the planned bailout:
Of course, it's could only happen in the US, right? Lol. Think again. Firstly realize that Canadian banks have remained conspiciously silent on the topic - they have rules of non-disclosure, so don't have to tell us how deeply they're in this mess together. But try and figure out how within the past 10 years house prices have went up by a factor of 5 and more times. And figure out where all these home buyers got their money. Are you earning 5 times what you were 10 years ago?
2 Folk Art Dolls
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- Written by: Rod Boyle
- Category: Miscellany
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From the cupboard. Very cool folk art dolls, found in thrift shop in Cochrane.
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