Quotes about the Federal Reserve

[Christian Gadbois]

~ George Washington ~ 1st President of the Untied States

–・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.・

letter to Jabez Bowen - Jan. 9, 1787

~ Thomas Jefferson ~ 3rd President of the Untied States

–"If the Americans ever allow private banks to control the issue of their currency. First by inflation, then by deflation, the banks and their corporations which grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. I sincerely believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks, and restored to the people to whom it properly belongs.・

Constitutional Convention - 1789

~ James Madison ~ 4th President of the Untied States

–・History records that the money changers have used every form of abuse, intrigue, deceit and violent means possible to maintain their control of government by controlling money and it's issuance.・

Constitutional Convention - 1789

~ Benjamin Franklin ~ Founding Father

–・That is simple. In the colonies we issue our own money. It is called Colonial Script. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner, creating for ourselves our own paper money, we control it's purchasing power, and we have no interest to pay no one.・

–・The colonies would gladly have borne a 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 King George III and the international bankers was the PRIME reason for the Revolutionary War.・

Autobiography of Benjamin Franklin

~ Andrew Jackson ~ 7th President of the Untied States

–・Is it not our own citizens only to receive the bounty of our government. More than 8 millions of stock of this bank are held by foreigners... Is there no danger to our liberty and independence in a bank that in it's own nature has so little to bend to our country... Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependency would be more formidable than a military power of an enemy.・

–・The bold effort the present bank had made to control the government... are but premonitions of the fate that await the American people should they be deluded into perpetuation of another like it.・

–I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country.・

~ Abraham Lincoln ~ 16th President of the Untied States

–・The money powers prey upon the nation at the times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of our country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavor to prolong it's reign by working upon prejudices of the people, until the wealth is aggregated in a few hands, and the republic is destroyed.・

~ James Garfield ~ 20th President of the Untied States

–・Whoever controls the volume of money in any country is absolute master of all industry and commerce, and when you realize the entire system is very easily controlled by a few powerful men at the top. You will not have to be told how periods of inflation and deflation originate.・

~ Salmon P. Chase ~ Abraham Lincoln's Secretary of Treasury

–・My agency in promoting the passage of the National Bank Act was the greatest financial mistake in my life. It has built up the monopoly which effects every interest in this country.・

~ Peter B. Porter ~ U.S. Secretary of War - (1828-1829)

–・Congress planted in the bosom of this Constitution a viper that would one day or another sting the liberties of this country to the heart.・

~ Charles A. Lindbergh ~ U.S. Congressman - (R-MN)

–・The financial system has been turned over to the Federal Reserve Board. That board administers the finance system by authority of a purely profiting group. The system is private, conducted for the sole purpose of obtaining the greatest profits from the use of other peoples money.・

–・This act establishes the most gigantic trust on earth. When the president signs this bill the invisible government by the monetary power will be legalized... The worst legislation crime of the ages is perpetuated in this bill.・

–・Those not favorable to the money trust could be squeezed out of business and the people frightened into demanding changes in the banking and currency laws which the money trust would frame.・

–"History has recorded nothing so dramatic in design, nor so skillfully manipulated, as this attempt to create the National Reserve Association, or the Federal Reserve.・

–・From now on, depressions will be scientifically created.・

1913

~ Louis T. McFadden ~ Chairman House Banking and Currency Committee - (1920-1931)

–"The Aldrich Bill was condemned in the platform. When Wilson was nominated, the men who ruled the democratic party promised the people if they were returned to power there would be no central bank established here while they held the reigns of government. Thirteen months later that promise was broken... established here in our country the worm eaten monarchical institution of a ・kings bank・ to control us from the top downward.・

–・what is needed here is a return to the Constitution of the United States. We need to have a complete divorce of bank and state. The old struggle that was fought out here in Jackson's day must be fought over again... The Federal Reserve Act should be repealed and the Federal Reserve Banks, having violating their charters, should be liquidated immediately. ・

–"The Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements... The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the government of the United States.・

–"It was not accidental. It was a carefully contrived occurrence... the international bankers sought to bring about a condition of despair here so that they might emerge rulers of us all.・

–"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. They are not government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers.・

House Congressional record 12595-12603 ・ June 10, 1932

–"Some people think the Federal Reserve Banks are US government institutions. They are not... they are private credit monopolies which prey upon the people of the US for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal it's powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will.・

Congressional record 12595- 12603 ・ June 10, 1932

・The course of Russian history has indeed been greatly affected by operations of the international bankers... the Soviet government has been given U.S. Treasury funds by the Federal Reserve Board. Acting through the Chase Bank, England has drawn money from us through the Federal Reserve Banks and has relent it at high rates of interest to the Soviet government.・

–・After World War II, Germany fell into the hands of the German international bankers. Those bankers own her lock stock and barrel... Through the Federal Reserve Board, over 30 billions of American money has been pumped in to Germany.・

~ Woodrow Wilson ~ 28th President of the Untied States

–・Our great industrial nation is controlled by it's system of credit. Our system has privately concentrated the government of the nation, and all our activities are in the hands of a few men... By the very reason of their limitations, chill and check and destroy genuine economic freedoms. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No government by free opinion. No longer a government by conviction and vote of majority, but a government by the opinions and duress of small group of dominate men.・

・The New Freedom・ - 1913

~ Thomas Edison ~ Inventor

–・If our nation can issue a dollar bond, it can issue a dollar bill. The element tha makes the bill good; makes the bond good. The difference between the bond and the bill is the bond let's the brokers to collect twice the amount and an additional 20%; where the currency pays nobody but those who contribute in some useful way... It is absurd to say our country can issue 30 million in bonds and not 30 million incurrency; both are promises to pay, but one promise fattens the usurers and the other helps the people.・

~ Henry Ford ~ founder Ford Motor Corporporation

–"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 one aim of these financiers is world control by the creation of inextinguishable debts."

~ Franklin D. Roosevelt ~ 32nd President / son of Federal Reserve Board Chairman

–"The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson."

letter written to Colonel House ・ Nov. 21, l933

~ Wright Patman ~ Chairman House Banking and Currency Committee ・ (1965-1975)

–・In the United States today we have in effect two governments. We have dully constituted government. Then we have an independent, uncontrolled, and uncoordinated government in the Federal Reserve system operating the money powers which are reserved to congress by the Constitution.・

"A Primer on Banking" published by the U.S. Government Printing Office - 1964

~ Barry Goldwater ~ U.S. Senator - (R-AZ) (1968-1987)

–・Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System has never been audited. It operates outside the control of congress and manipulates the credit of the United States.・

"With No Apologies" ・ 1964

~ Milton Friedman ~ Economic Nobel Prize winner - 1976

–・The Federal Reserve definitely caused the Great Depression by contracting the amount of currency in circulation by 1/3 between 1929 and 1933.・

National Public Radio interview - Jan 1996