Money creation | Quotes about the magic of money

"I have [...] the impression that most politicians are still not aware just how much they are controlled today by the financial markets, indeed that they are ruled by them." Prof. Dr. Dr. h. c. mult. Hans Tietmeyer

"[Very] soon, every American will be required to register their biological property in a National system designed to keep track of the people and that will operate under the ancient system of pledging. By such methodology, we can compel people to submit to our agenda, which will affect our security as a chargeback for our fiat paper currency. Every American will be forced to register or suffer not being able to work and earn a living. They will be our chattel, and we will hold the security interest over them forever, by operation of the law merchant under the scheme of secured transactions. Americans, by unknowingly or unwittingly delivering the bills of lading to us will be rendered bankrupt and insolvent, forever to remain economic slaves through taxation, secured by their pledges. They will be stripped of their rights and given a commercial value designed to make us a profit and they will be none the wiser, for not one man in a million could ever figure our plans and, if by accident one or two would figure it out, we have in our arsenal plausible deniability. After all, this is the only logical way to fund government, by floating liens and debt to the registrants in the form of benefits and privileges. This will inevitably reap to us huge profits beyond our wildest expectations and leave every American a contributor or to this fraud which we will call “Social Insurance.” Without realizing it, every American will insure us for any loss we may incur and in this manner; every American will unknowingly be our servant, however begrudgingly. The people will become helpless and without any hope for their redemption and, we will employ the high office of the President of our dummy corporation to foment this plot against America." Edward Mandell House

"A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom." Woodrow Wilson

"Anyone who believes that exponential growth can go on forever in a finite world is either a madman or an economist." Kenneth Ewart Boulding

"Through the artifices of banking and monetary policy one can achieve only a temporary illusion of improvement, which must ultimately lead to an even more severe catastrophe. For the longer this artificial boom is sustained by the creation of additional credit, the greater the damage inflicted on general prosperity by the use of such measures." Ludwig Heinrich Edler von Mises

"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

"Mathematics is often invoked for things that could just as well be presented in plain, understandable language—and sometimes even for things that are deliberately not stated too clearly, because otherwise it would quickly become apparent what nonsense lies behind them." Paul Krugman

"With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people." Friedrich August von Hayek

"Germany is a supertanker—but sitting in the bridge is not the Federal Chancellor. Sitting there are the people here on this podium." Ernst-Moritz Lipp

"I'm not saying they're intentionally trying to shut down small businesses, destroy the middle class, transfer the majority of the wealth to the world's largest corporations, and divide us with fear and hatred. But if they were, what would they be doing differently?" Notorious-celt

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around these banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered." Thomas Jefferson

"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 its 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." Louis Thomas McFadden

"It’s organized crime. All you do is you call the Republicans the Genoveses and you call the Democrats the Gambinos. The people at the top, they treat it like a crap game. It’s their crap game, like they’re making lots of money. Occasionally, somebody at the table shoots each other, but the moment anything threatens their crap game, they all unite to protect it. ... They’re both controlled by the same financial, economic and corporate interests." Michael Ruppert

"It was sheer foolishness to create this system. For centuries people will write about it as a kind of monument of collective stupidity." William Hague