Monetary System Quotes – Reflections on Money and Economy

"It was sheer foolishness to create this system. For centuries people will write about it as a kind of monument of collective stupidity."

William Hague

""...Every decline in the value of money is caused and organized by the state. Paper money and the central bank monopoly are the great super-tricks used to camouflage the violent nature of the state and the predatory basic pattern of ALL politics. Very few citizens are truly aware of the unimaginable extent to which they have been exploited for generations by the combination of progressive income tax and inflation, robbing them of the fruits of their labor.""

Roland Baader

"There is no way to prevent the final collapse of a boom generated by credit expansion. The only alternative is either an earlier crisis resulting from the voluntary termination of credit expansion, or a later, final, and total catastrophe for the currency system involved."

Ludwig von Mises

"Who created orthodox medicine? Where did that come from? Well, it actually came from the Rockefeller Foundation back in 1901. Because of the Standard Oil scandals, no one wanted to be called a Rockefeller. Everybody hated all the Rockefellers. And so . . . Reverend Gates went to John D. Rockefeller, Sr. and told him, he said, "Here's a way we can repair your reputation. And he gave him a good example. He said, "There was this man who everybody hated . . . and he started giving money out for all sorts of philanthropic enterprises, and soon people forgot all of the bad things. . . ." Because Gates' father was a physician, and John D. Rockefeller's father was a quack snake-oil salesman, he said, "Let's form the Rockefeller Institute of Medical Research." And so they created this in 1901. . . . Rockefeller owned what was called the drug trust: that's the major drug manufacturing firms all over the world: Merck Pharmaceuticals, Lederle, all of these . . . pharmaceutical companies . . . And of course, the aim was to remove all nutrition, references to nutritional type treatments, from the medical schools. "They closed down half the medical schools in the United States. There were 165 medical schools at the time. . . . Then [Rockefeller] had his anointed medical schools, which he poured his money into, appointed the professors from his own stock of professors. And so they created an educational system that taught the things that he wanted taught. And therefore every professor that came out of those programs taught the same thing.""

Russell L. Blaylock

"The press is the hired agent of a monied system, and set up for no other purpose than to tell lies where their interests are involved."

Henry B. Adams

"When banks place credits into your account, they are merely pretending to lend you money. In reality, they have nothing to lend. Even the money that non-indebted depositors have placed with them was originally created out of nothing in response to someone else's loan. So what entitles the banks to collect rent on nothing? It is immaterial that men everywhere are forced by law to accept these nothing certificates in exchange for real goods and services. We are talking here not about what is legal, but what is moral."

G. Edward Griffin

"We have the best government that money can buy."

Mark Twain

"The powers of financial capitalism had a far-reaching aim, 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. This 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."

Carroll Quigley

"And what did the banks do to earn this perpetually flowing river of wealth? Did they lend out their own capital obtained through investment of stockholders? Did they lend out the hard-earned savings of their depositors? No, neither of these were their major source of income. They simply waved the magic wand called fiat money."

G. Edward Griffin

"The American people have no idea they are paying the bill. They know that someone is stealing their hubcaps, but they think it is the greedy businessman who raises prices or the selfish laborer who demands higher wages or the unworthy farmer who demands too much for his crop or the wealthy foreigner who bids up our prices. They do not realize that these groups also are victimized by a monetary system which is constantly being eroded in value by and through the Federal Reserve System."

G. Edward Griffin

"To cover the fact that a central bank is merely a cartel which has been legalized, its proponents had to lay down a thick smoke screen of technical jargon focusing always on how it would supposedly benefit commerce, the public, and the nation... there was not the slightest glimmer that underneath it all, was a master plan which was designed from top to bottom to serve private interests at the expense of the public... the system is merely a cartel with a government facade."

G. Edward Griffin

"A business that makes nothing but money is a poor business."

Henry Ford

"The System is just like the Church. That’s probably why I feel so comfortable with it. It’s got a pope, the chairman; and a college of cardinals, the governors and bank presidents; and a curia, the senior staff. The equivalent of the laity is the commercial banks. If you’re a naughty parishioner in the Catholic Church, you come to confession. In this system, if you’re naughty, you come to the discount window for a loan. We even have different orders of religious thought like Jesuits and Franciscans and Dominicans only we call them pragmatists and monetarists and neo-Keynesians."

Richard Syron

"You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning."

Andrew Jackson

"In truth, money is not created until the instant it is borrowed. It is the act of borrowing which causes it to spring into existence. And, incidentally, it is the act of paying off the debt that causes it to vanish."

G. Edward Griffin

"I am afraid that the ordinary citizen will not like to be told that the banks can and do create and destroy money. And they who control the credit of a nation direct the policy of governments, and hold in the hollow of their hands the destiny of the people."

Reginald McKenna

"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent, on the 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

"Our power has been created through the manipulation of the national monetary system.. The Federal Reserve system fitted our plan nicely since it is owned by us, but the name implies that it is a government institution. From the very outset, our purpose was to confiscate all the gold and silver, replacing them with worthless non- redeemable papen notes...
We Jews have put issue upon issue to the American people. Then we promote both sides of the issue as confusion reigns. With their eyes fixed on the issues, they fail to see who is behind every scene. We Jews toy with the American public as a cat toys with a mouse..."

Harold Wallace Rosenthal