QUOTES ON BANKING
AND THE
FEDERAL RESERVE SYSTEM FRAUD
November 8, 2011
How the
Banks Conquered Australia and The World without standing armies: The Banks
conquered Australia as they conquered the World without standing armies, just
with debt and money. Although the quotes are from Americans, the policies described are international.
The Federal Tax Lien Act
of 1966:
"The entire taxing and monetary systems are hereby placed under the U.C.C. (Uniform Commercial Code)."
"The few who understand the system, will either be so interested from its profits or so dependent on its favors, that there will be no opposition from that class."
Montagu Norman, Governor of The Bank of England, addressing the
United States Bankers' Association, NYC 1924:
“When, through process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of the government applied by a central power of wealth under leading financiers.”
Sir Josiah Stamp, Head Of The Bank of England, 1781:
"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 ... Bankers own the earth. Take it away from them, but leave them the power to create money, and with a flick of the pen they will create enough money to buy it back again ... if you want to continue to be slaves of the bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit."
Sen. Barry Goldwater
(Rep. AZ):
"Most Americans have no real understanding of the operation of the international money lenders. 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."
"If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
James A. Garfield,
President of the United States:
"Whoever controls the volume of money in any country is absolute master of all industry and commerce."
Ralph M. Hawtrey,
Secretary of the British Treasury:
"Banks lend by creating credit. (ledger-entry credit, monetized debt) They create the means of payment out of nothing."
Buckminster Fuller:
"To expose a 15 Trillion dollar ripoff of the American people by the stockholders of the 1000 largest corporations over the last 100 years will be a tall order of business."
Robert A. Heinlein,
Expanded Universe:
"Every Congressman, every Senator knows precisely what causes inflation...but can't, [won't] support the drastic reforms to stop it [repeal of the Federal Reserve Act] because it could cost him his job."
Henry Ford:
"It is well 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."
"The regional Federal Reserve banks are not government agencies. ...but are independent, privately owned and locally controlled corporations."
Congressman Louis T.
McFadden in 1932 (Rep. Pa):
"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."
Congressman Louis T.
McFadden (Rep. Pa):
"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 who does not know that this nation is run by the International bankers."
Congressional Record
12595-12603 ~ Louis T. McFadden, Chairman of the Committee on Banking and
Currency (12 years) June 10, 1932:
"Some [Most] people think the Federal Reserve Banks are the United States government's institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers."
Money Facts, House
Banking and Currency Committee:
"[Every circulating FRN] represents a one dollar debt to the Federal Reserve system."
"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 money vultures who control it."
Franklin D. Roosevelt (in a letter written Nov. 21, 1933:
"The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson."
James Madison, fourth President of the United States (1809—1817):
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."
Pres. Woodrow Wilson:
"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.""The one aim of these financiers is world control by the creation of inextinguishable debts."
President Andrew Jackson, 1834 speaking to bankers:
"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 by morning."
"The World Economy: The search
for mechanism of transition", National Australia Bank Share-holder's
Review, October 1986:
"With the creation of the new global economy comes the demand for a fundamental re-alignment of policy-making power, away from national governments to some as yet undefined institutional order where the traditional nation-state plays a subordinate role."
Eustace Mullins:
"...the increase in the assets of the Federal Reserve banks from 143 million dollars in 1913 to 45 billion dollars in 1949 went directly to the private stockholders of the [federal reserve] banks."
Eustace Mullins:
"As soon as Mr. Roosevelt took office, the Federal Reserve began to buy government securities at the rate of ten million dollars a week for 10 weeks, and created one hundred million dollars in new [checkbook] currency, which alleviated the critical famine of money and credit, and the factories started hiring people again."
British Lord John Maynard
Keynes (the father of 'Keynesian Economics' which our nation now endures) in
his book "THE ECONOMIC CONSEQUENCES OF THE PEACE" (1920):
"By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.""These 12 corporations together cover the whole country and monopolize and use for private gain every dollar of the public currency..."
"A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated 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."
Robert H. Hamphill,
Atlanta Federal Reserve Bank:
"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.... 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."
Lewis vs. United States
9th Circuit 1992:
"The Federal Reserve Banks are not federal instrumentalities..."
United States budget for
1991 and 1992 part 7, page 10:
"The Federal Reserve banks, while not part of the government..."
Congressman Wright Patman,
Congressional Record, Sept 30, 1941:
"The Federal Reserve bank buys government bonds without one penny..."
Donald J. Winn, Assistant
to the Board of Governors of the Federal Reserve System:
"The Federal Reserve system pays the U.S. Treasury 020.60 per thousand notes -- a little over 2 cents each-- without regard to the face value of the note. Federal Reserve Notes, incidentally, are the only type of currency now produced for circulation. They are printed exclusively by the Treasury's Bureau of Engraving and Printing, and the $20.60 per thousand price reflects the Bureau's full cost of production. Federal Reserve Notes are printed in 01, 02, 05, 10, 20, 50, and 100 dollar denominations only; notes of 500, 1000, 5000, and 10,000 denominations were last printed in 1945."
Modern Money Mechanics
Workbook, Federal Reserve Bank of Chicago, 1975:
"Neither paper currency nor deposits have value as commodities, intrinsically, a 'dollar' bill is just a piece of paper. Deposits are merely book entries."
"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill."
Congressman Charles A.
Lindbergh Sr.,1913:
"From now on, depressions will be scientifically created."
Charles A. Lindbergh Sr.,
1923:
"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"
Henry Cabot Lodge Sr.,
1913:
"The [Federal Reserve Act] as it stands seems to me to open the way to a vast inflation of the currency... I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency."
[Note ~ From 1913 until now inflation of the dollar has been 2950%. A 1913
dollar would now be worth $.034. When I became a wage earner in 1950 I could
buy a full breakfast, eggs, sausage, hashbrowns, shortstack, juice, and coffee
for $.39. This morning I paid $9.60 for the same, an inflation of 2460%]
Boston Federal Reserve
Bank:
"When you or I write a check there must be sufficient funds in our account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money."
Stanek vs. White, 172
Minn.390, 215 N.W. 784:
"There is a distinction between a 'debt discharged' and a debt 'paid'. When discharged, the debt still exists though divested of its charter as a legal obligation during the operation of the discharge, something of the original vitality of the debt continues to exist, which may be transfered, even though the transferee takes it subject to its disability incident to the discharge."
John Danforth (R-Mo):
"I have never seen more Senators express discontent with their jobs....I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgivable to our wonderful country. Deep down in our heart, we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected."
"Capital must protect itself in every way...Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principal men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd."
Jefferson, U.S.
President. Organizer" January 1934:
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs."
President Andrew Jackson,
Vetoed Bank Bill of 1836:
"If Congress has the right [it doesn't] to issue paper money [currency], it was given to them to be used by...[the government] and not to be delegated to individuals or corporations."
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 it's issuance."
British Lord John Maynard
Keynes (the father of 'Keynesian Economics' which our nation now endures) in
his book "THE ECONOMIC CONSEQUENCES OF THE PEACE" (1920):
"Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the FRAUD can no longer be concealed."
George Washington in a
letter to Jabez Bowen, Rhode Island, Jan. 9, 1787:
"But if in the pursuit of the means we should unfortunately stumble again on unfunded paper money or any similar species of fraud, we shall assuredly give a fatal stab to our national credit in its infancy.Paper money will invariably operate in the body of politics as spirit liquors on the human body. They prey on the vitals and ultimately destroy them. Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice."
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