DEBT – How Banks Work

How Banks Work


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“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 of the American Constitution

“The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War.” -Benjamin Franklin

“I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money….I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with the Congress for sitting idly by and permitting such an idiotic system to continue.” – 1942 Congressman Wright Patman, Chairman of the House Committee on Banking and Currency.

“The modern banking system manufacturers money out of nothing. The process is perhaps the most astounding piece of sleight of hand ever created. Banking was conceived an iniquity & born in sin.” – MAJOR L .L. B. ANGUS

“I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance. The issuing power should be taken from the banks, and restored to the people to whom it properly belongs.” -Thomas Jefferson

“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.” – Even Sir Josiah Stamp, Director of the Bank of England,1928-41

“Whoever controls the volume of money in any country is absolute master of all industry and commerce.” President James A Garfield

“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 relationship between master and slave” -Tolstoy

ENOUGH! take back your country!

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