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For more insight, consider these historical quotes on the subject:
“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since 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.” – Napoleon Bonaparte, Emperor of France, 1815
“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 and 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 all wealth is aggregated in a few hands and the Republic is destroyed.” Abraham Lincoln
“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,” Congressman Charles A. Lindbergh Sr., 1923
“It is well enough that the 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” — Attributed to Henry Ford
"When the Federal Reserve Act was passed, the people of the U.S. did not perceive that this country was to supply Financial Power to an International Superstate controlled by International Bankers and International Industrialists acting together to enslave the world for their own pleasure." Congressman Louis T. McFadden 1932
"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 or breaks governments at will. No man, and no body of men, is more entrenched in power than the arrogant credit monopoly which operates the Federal Reserve Board and the Federal Reserve Banks. These evildoers have robbed this country of more than enough money to pay the national debt. … Faithless government officers who have violated their oaths of office should be impeached and brought to trial." – Congressman Louis T. McFadden, Chairman of the House Committee on Banking and Currency, before the House of Representatives, in the midst of the Great Depression, 1932.
"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 20%. 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." – Thomas Edison
“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. B. Angus. “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 the mind is repelled. With something so important, a deeper mystery seems only decent.” John Kenneth Galbraith, former professor of economics at Harvard, writing in ‘Money: Whence it came, where it went’ (1975).
“… the issue which has swept down the centuries and will have to be fought sooner or later is THE PEOPLE VERSUS THE BANKS.” –– Lord Emerich Edward Dalberg Acton