Chapter 22 - Quotes on Banksters

Andy Chalkley  These types of quotes are often dismissed as the product of deranged conspiracy nuts. None of these quotes come from conspiracy nuts. These are wise old men giving us a warning.

Franklin D. Roosevelt 1933

"The real truth of the matter is, and 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."

[Franklin D. Roosevelt in a letter to Edward M. House (President Woodrow Wilson's closest aide), dated November 23, 1933]

G. D. McDaniel

"If, as it appears, the experiment that was called 'America' is at an end... then perhaps a fitting epitaph would be ... 'here lies America the greatest nation that might have been had it not been for the Edomite bankers who first stole their money, used their stolen money to buy their politicians and press and lastly deprived them of their constitutional freedom by the most evil device yet created --- The Federal Reserve Banking System.'"

We only steal from the poor and middle class. If we stole from the rich we would be in jail.

Joseph Huber 2013

"...the government enters into debt with banks and nonbanks. The principal has to be redeemed, but is actually revolved, accumulating truly majestic mountains of debt. The entire debt mass is interest-bearing to banks and nonbanks, absorbing in most cases something between a sixth and a third of tax real revenues depending on the country and level of government expenditure, in extreme cases more than 50 per cent."

[Meyer 2011; Monatsbericht des Bundesministeriums der Finanzen, Feb 2013. as quoted at :Modern Money Theory and New Currency Theory. http://www.paecon.net/PAEReview/issue66/Huber66.pdf]

John F. Hylan, Mayor of New York City 1922

"The real menace of our Republic is the invisible government which like a giant octopus sprawls its slimy legs over our cities states and nation. At the head is a small group of banking houses generally referred to as 'international bankers.' This little coterie... run our government for their own selfish ends. It operates under cover of a self-created screen...[and] seizes...our executive officers... legislative bodies... schools... courts... newspapers and every agency created for the public protection.sury were lynched,"

[John F. Hylan (1868-1936), Mayor of New York City (1918-1925), nicknamed "Red Mike"]

Frederick Morton wrote in his book, 'The Rothschilds'

"...the wealth of the Rothschilds consists of the bankruptcy of nations."

Lord Acton

"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."

Paul Warburg

"Whoever controls the volume of money in any country is absolute master of all industry and commerce."

[Paul Warburg, drafter of the Federal Reserve Act]

Andy Chalkley  The assumption by most people is that the volume of money is controlled by the central bank acting on behalf of the government. The common quip is that the control of the central bank should be 'free from political interference'. Even if the central bank is 'owned' by the government, it has no control over the operation and thus no control over the money supply. Furthermore, the central bank itself pretends to control the money supply by making a great noise about the interest rate. This is a charade. The central bank has no control whatever over the lending habits of the private banks. If banks issue more loans than they collect in loan repayments, we have a healthy economy. If the banks collect more repayments than they make new loans, we have a recession.

John Adams

"Our whole system of banks is a violation of every honest principle of banks. There is no honest bank but a bank of deposit. A bank that issues paper at interest is a pickpocket or a robber. But the delusion will have its course. ... An aristocracy is growing out of them that will be as fatal as the feudal barons if unchecked in time."

Adam Smith 1776

"People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices."

Milton Friedman

"The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited, if there is any feasible alternative. There is no need for such arbitrary power... Any system which gives so much power and so much discretion to a few men, [so] that mistakes - excusable or not - can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic - this is the key political argument against an independent central bank."

John C. Calhoun

"A power has risen up in the government greater than the people themselves, consisting of many and various powerful interests, combined in one mass, and held together by the cohesive power of the vast surplus in banks."

Peter Kershaw

"The Founding Fathers of this great land had no difficulty whatsoever understanding the agenda of bankers, and they frequently referred to them and their kind as, quote, 'friends of paper money.' They hated the Bank of England, in particular, and felt that even were we successful in winning our independence from England and King George, we could never truly be a nation of freemen, unless we had an honest money system. Through ignorance, but moreover, because of apathy, a small, but wealthy, clique of power brokers have robbed us of our Rights and Liberties, and we are being raped of our wealth. We are paying the price for the near-comatose levels of complacency by our parents, and only God knows what might become of our children, should we not work diligently to shake this country from its slumber! Many a nation has lost its freedom at the end of a gun barrel, but here in America, we just decided to hand it over voluntarily. Worse yet, we paid for the tyranny and usurpation out of our own pockets with "voluntary" tax contributions and the use of a debt-laden fiat currency!"

Louis Macfadden 1932

"..... 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."

[Congressman Louis T. MacFadden, speech in Congress, 10 June 1932]

Woodrow Wilson, President of the U.S. 1913-1921

"Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of something. They know there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when the speak in condemnation of it."

Reginald McKenna 1924

"...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, former Chancellor of the Exchequer, addressing the stockholders as Chairman of the Midland Bank, in January 1924. Source: Carroll Quigley's Tragedy and Hope, page 325]

Pope Pius XI

"In the first place, then, it is patent that in our days, not wealth alone is accumulated, but immense power and despotic economic domination are concentrated in the hands of the few, who for the most part are not the owners but only the trustees and directors of invested funds, which they administer at their own good pleasure...This domination is most powerfully exercised by those who, because they hold and control money, also govern credit and determine its allotment, for that reason supplying so to speak, the life blood of the entire economic body, and grasping in their hands, as it were, the very soul of production, so that no one can breathe against their will..."

Robert Owen

"The Federal Reserve Act creating such a "bankers' bank" was passed in 1913. Robert Owens, a co-author of the Act, later testified before Congress that the banking industry had conspired to create a series of financial panics in order to rouse the people to demand "reforms" that served the interests of the financiers."

[4 4. Robert Owen, The Federal Reserve Act (1919); "Who Was Philander Knox?", www.worldnewsstand.net/history/PhilanderKnox.htm. (1999).]

Alan Greenspan

"Through all of my experience, what I never contemplated was that there were bankers who would purposely misrepresent facts to banking authorities... You were honorbound to report accurately, and it never entered my mind that, aside from a fringe element, it would be otherwise. I was wrong."

[Alan Greenspan (prior Chairman of the Federal Reserve US Central Bank)]

Mr. Crozier of Cincinnati 1913

"These 12 corporations together cover the whole country and monopolize and use for private gain every dollar of the public currency..."

[Mr. Crozier of Cincinnati before the Senate Banking and Currency Committee in 1913]

Charles A. Lindbergh, Sr. 1913

"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."

Dr. Paul A. Samuelson 2005

"U.S.A.'s balance of payments deficits is so strong and irreversible, that we must accept that at some future date there will be a run against the U.S. Dollar. Probably the kind of disorderly run that precipitates a global financial crisis."

[Dr. Paul A. Samuelson, Nobel Prize Winner in Economics. 2005.]

Woodrow Wilson

Andy Chalkley  In 1913, the struggle for a better monetary system was lost when President Woodrow Wilson signed the Federal Reserve Act, giving the privately owned international banking cartel the power to create the United States money. Later, Woodrow Wilson stated:

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, 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 civilized world, no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."

[Woodrow Wilson, President of the U.S. 1913-1921.]

Congressman Louis T. McFadden 1934

"Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost this country enough money to pay the National debt several times over. These twelve private credit monopolies were deceitfully and disloyally foisted upon this country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions. Those bankers took money out of this country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money in order to help that war along. They instigated the separate peace between Germany and Russia and thus drove a wedge between the Allies in the World War."

[Congressman Louis T. McFadden, Chairman of House Banking Committee 1921 through 1931 - in a speech made before the House in 1934]

Andy Chalkley  Congressman McFadden was eventually assassinated by "food poisoning" after two failed attempts at shooting him down.

James Rickards on 9/11

"4,516 put options, equivalent to 451,600 shares of American Airlines, were traded on September 10, 2001, the day before the attack."

[James Rickards, The Death of Money: The Coming Collapse of the International Monetary System]

Andy Chalkley  John Mulheren was a legendary stock trader in Wall Street. When asked if there was insider trading in American Airlines stock immediately prior to 9/11. He answered:

"It was the most blatant case of insider trading I've ever seen." ...

"When the planes hit the twin towers, Mulheren saw the smoke and flames from his office near the World Trade Center and understood immediately what had happened. While others speculated about a 'small plane, off-course," Mulheren furiously sold S&P 500 futures. In the ninety minutes between the time of the attack and the time the futures exchange closed, Mulheren made $7million shorting stocks."

"On September 6 and 7, option bets that United Airlines stock would fall outnumbered bets it would rise by 12 to 1."

[James Rickards, The Death of Money: The Coming Collapse of the International Monetary System]

Andy Chalkley  I can find no reports as to who was doing the insider trading. Someone was in the know. Our media conveniently fails to mention this activity, which may give you the first clue. Websearch Websearch: "who owns the media".

Robert A. Heinlein

"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."

[Robert A. Heinlein, Expanded Universe]

Lewis vs. United States 1982

"The regional Federal Reserve banks are not government agencies. ...but are independent, privately owned and locally controlled corporations."

[Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982]

Louis T. McFadden 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."

[Congressional Record 12595-12603 -- Louis T. McFadden, Chairman of the Committee on Banking and Currency (12 years) June 10, 1932]

John Maynard Keynes 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."

[Lord John Maynard Keynes "The Economic Consequences of the Peace" 1920.]

President Woodrow Wilson

"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."

Congressman Wright Patman 1941

"The Federal Reserve bank buys government bonds without one penny...""

[Congressman Wright Patman, Congressional Record, 1941-09-30]

Donald J. Winn

"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."

[Donald J. Winn, Assistant to the Board of Governors of the Federal Reserve system]

Congressman Charles Lindbergh Senior 1913

"From now on, depressions will be scientifically created."

Charles Lindbergh Senior 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"

John Danforth

"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."

[John Danforth (R-Mo)]

Alan Greenspan 1999

"Well, you probably will always believe there should be laws against fraud, and I don't think there is any need for a law against fraud."

[Alan Greenspan, 1999, during a private lunch at the Fed with Brooksley Born (then head of the Commodity Futures Trading Commission)]

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."

President Andrew Jackson 1837

"But when the charter for the bank of the United States was obtained from Congress, it perfected the paper system, and gave to its advocates the position they have struggled to obtain from the commencement of the Federal Government down to the present hour. The immense capital and peculiar privileges bestowed upon it enabled it to exercise despotic sway over the other banks in every part of the country. From its superior strength it could seriously injure, if not destroy, the business of any one of them that would incur its resentment; and it openly claimed for itself the power of regulating the currency throughout the United States. In other words, it asserted (and undoubtedly possessed) the power to make money plenty or scarce, at its pleasure, at any time, and in any quarter of the Union, by controlling the issues of other banks, and in permitting an expansion, or compelling a general contraction of the circulating medium according to its own will.

The other banking institutions were sensible of its strength, and they soon became generally its obedient instruments, ready at all times to execute its mandates; and with the other banks necessarily went also that numerous class of persons in our commercial cities who depend altogether on bank credits for their solvency and means of business, and who are therefore obliged, for their safety, to propitiate the favor of the money power by distinguished zeal and devotion in its service. The result of the ill-advised legislation which established this great monopoly, was to concentrate the whole moneyed power of the Union, with its boundless means of corruption, and its numerous dependents, under the direction and command of one acknowledged head; thus organizing this particular interest as one body, and securing to it unity of action throughout the United States, and enabling it to bring forward, upon any occasion, its entire and undivided strength to support or defeat any measure of the government. In the hands of this formidable power, thus perfectly organized, was also placed unlimited dominion over the amount of circulating medium, giving it the power to regulate the value of property, and the fruits of labor in every quarter of the Union; and to bestow prosperity, or bring ruin upon any city or section of the country as might best comport with its own interests or policy.

We are not left to conjecture how the moneyed power, thus organized, and with such a weapon in its hands, would be likely to use it. The distress and alarm which pervaded and agitated the whole country, when the Bank of the United States waged war upon the people in order to compel them to submit to their demands, cannot yet be forgotten. The ruthless and unsparing temper with which whole cities and communities were oppressed, individuals impoverished and ruined, a scene of cheerful prosperity suddenly changed into one of gloom and despondency, ought to be indelibly impressed on the memory of the people of the United States. If such were its power in a time of peace, what would it not have been in a season of war, with an enemy at your doors? No nation but the freeman of the United States could have come out victorious from such contest; yet, if you had not conquered, the Government would have passed from the hands of the many to the hands of the few; and this organized money power, from its secret conclave, would have dictated the choice of your highest officers, and compelled you to make peace or war, as best suited their own wishes. The form of your Government might for a time have remained, but its living spirit would have departed from it." [221]

Edward Griffin 1994

"Nicholas Biddle was head of the Second Bank of the United States. With many Congressmen and Senators financially beholden to him, he wielded great political power. He deliberately created a banking panic and a depression for the purpose of frightening the voters and blaming Jackson's anti-bank policy. Biddle declared: "All other banks and all the merchants may break, but the Bank of the United States shall not break." In the end, he lost the contest. The Bank's charter expired in 1836." [220]

Edward Griffin 1994

"His [Biddle] plan [in response to Jackson] was to rapidly contract the nation's money supply and create another panic-depression similar to the one the Bank had created thirteen years earlier. This then could be blamed on Jackson's withdrawal of federal deposits, and the resulting backlash surely would cause Congress to override the President's veto. [...] Biddle, therefore, decided to use the American people as sacrificial pawns in the giant chess match for the Bank's survival. [...] Business had been expanding as a result of the Bank's prior easy credit and now was dependent on it. [...] As the pressure continued to build in Congress, it began to look as though Biddle's plan would work. In the public eye, it was Jackson who was solely responsible for the nation's woes. It was his arrogant removal of Secretary Duane; it was his foolish insistence on removing the deposits; it was his obstinate opposition to Congress." [220]

Edward Griffin 1994

"Following the Rothschild Formula, Biddle had been careful to reward compliant politicians with success in the business world. Few of them were willing to bite the hand that fed them. Even the great Senator, Daniel Webster, found himself kneeling at Biddle's throne." [220]

Edward Griffin 1994

"By this time [Jackson's Presidency], the Bank [Second Bank of the United States] had come under the direction of Nicholas Biddle who was a formidable adversary to Jackson [...] He was the archetype of the new Easter Establishment: wealthy, arrogant, ruthless, and brilliant. [...] Biddle requested Congress to grant an early renewal of the charter as a means of softening Jackson's campaign against it. The bill was backed by the Republicans led by Senator Henry Clay and was passed into law on July 3 [1832], just before the election campaigns began in earnest." [220]

Nathan Rothschild and the battle at Waterloo between Wellington and Napoleon by Edward Griffin 1994

"It was well known that the Rothschilds had developed a private courier service that was used, not only to transport gold and other tangible cargo, but to rapidly move information that could be useful in making investment decisions. It was expected, therefore, that Nathan in London would be the first to know the name of the victor after the cannon smoke had cleared from the battlefield. And they were not to be disappointed. The first news of Wellington's victory arrived in Brussels around midnight on June 18, 1815, where a Rothschild agent named Rothworth was waiting in readiness. He immediately mounted a fresh horse and set off for the port of Ostend where a boat was standing by to speed him across the channel to London. In the early hours of June 20, the exhausted messenger was pounding on Nathan's door, a full twenty-four hours before Wellington's own courier, Major Henry Percy, arrived.

At least one friendly biographer claims that Nathan's first act was to deliver the news to the Prime Minister, but that government officials were hesitant at first to believe it, because it ran contrary to reports they had received previously telling of serious British setbacks. At any rate, there is no doubt that Nathan's second act of the morning was to set off for the stock exchange to take up a position at his usual pillar.

All eyes were upon him as he slumped dejectedly, staring at the floor. Then, he raised his gaze and, with pained expression, began to sell. The whisper went through the crowded room, "Nathan is selling?" "Nathan is selling!" "Wellington must have lost." "Our government bonds will never be repaid." "Sell them now. Sell. Sell!"

Prices tumbled, and Nathan sold again. Prices plummeted, and still Nathan sold. Finally, prices collapsed altogether and, in one quick move, Nathan reversed his call and purchased the entire market in government bonds. In a matter of just a few hours, he had acquired the dominant holding of England's entire debt at but a tiny fraction of its worth." [220]

Edward Griffin 1994

"There have always been men who were in a position to make private fortunes out of cooperating with both sides in a war. The Rothschilds were not unique in this, but they no doubt perfected the art and became the personification of that breed. They were not necessarily evil in a moral sense. What preoccupied their minds were not questions of right or wrong but of profit and loss. This analytical indifference to human suffering was aptly described by one Rothschild when he said: "When the streets of Paris are running with blood, I buy." They may have held citizenship in the country of their residence, but patriotism was beyond their comprehension. They were also very bright, if not cunning, and these combined traits made them the role model of the cool pragmatists who dominate the political and financial world of today." [220]

Edward Griffin 1994

"To finance the early stages of World War I, England and France had borrowed heavily from investors in America and had selected the House of Morgan as sales agent for their bonds. Morgan also acted as their U.S. purchasing agent for war materials, thus profiting from both ends of the cash flow: once when the money was borrowed and again when it was spent. But the war began to go badly for the Allies when Germany's submarines took virtual control of the Atlantic shipping lanes. As England and France moved closer to defeat or a negotiated peace on Germany's terms, it became increasingly difficult to sell their bonds. No bonds meant no purchases, and the Morgan cash flow was threatened. Furthermore, if the previously sold bonds should go into default, as they certainly would in the wake of defeat, the Morgan consortium would suffer gigantic losses.

The only way to save the British Empire, to restore the value of the bonds, and to sustain the Morgan cash flow was for the United States government to provide the money. But, since neutral nations were prohibited from doing that by treaty, America would have to be brought into the war. A secret agreement to that effect was made between British officials and Colonel House, with the concurrence of the President. From that point forward, Wilson began to pressure Congress for a declaration of war. This was done at the very time he was campaigning for election on the slogan "He kept us out of war." Meanwhile, Morgan purchased control over major segments of the news media and engineered a nation-wide editorial blitz against Germany, calling for war as an act of American patriotism.

... The Lusitania was built to military specifications and was registered with the British Admiralty as an armed auxiliary cruiser. She carried passengers as a cover to conceal her real mission, which was to bring contraband war materials from the United States.

... The British knew that to draw the United States into the war would mean the difference between defeat and victory, and anything that could accomplish that was proper-even the coldly calculated sacrifice of one of her great ships [the Lusitania] with Englishmen aboard.

... The deed had been done, and it set in motion great waves of revulsion against the Germans. These waves eventually flooded through Washington and swept the United States into war. Within days of the declaration, Congress voted $1 billion in credit for England and France. $200 million was sent to England immediately and was applied to the Morgan account.

... The separate motives of such diverse personalities as Winston Churchill, J.P. Morgan, Colonel House, and Woodrow Wilson all found common cause in bringing America into World War I. Churchill maneuvered for military advantage, Morgan sought the profits of war, House schemed for political power, and Wilson dreamed of a chance to dominate a post-war League of Nations." [220]

Brandon Smith 2014

"The IMF like all central banks is dominated by the international corporate banking cartel. Central banks are merely front organizations for globalists, ..." [222]


[220] Edward Griffin; The Creature From Jekyll Island

[221] President Andrew Jackson's farewell speech upon leaving office on March 4, 1837

[222] "IMF Now Ready To Slam The Door On The U.S. And The Dollar" www.alt-market.com/articles/2444-imf-now-ready-to-slam-the-door-on-the-us-and-the-dollar