Money creation | Quotes about the magic of money

"I am afraid that the ordinary citizen will not like to be told that the banks can and do create and destroy money. And 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

"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. 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. When one gets a complete grasp of the picture, the tragic absurdity, of our hopeless position, is almost incredible, but there it is. 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." Robert H. Hemphill

"Our power has been created through the manipulation of the national monetary system.. The Federal Reserve system fitted our plan nicely since it is owned by us, but the name implies that it is a government institution. From the very outset, our purpose was to confiscate all the gold and silver, replacing them with worthless non- redeemable papen notes... We Jews have put issue upon issue to the American people. Then we promote both sides of the issue as confusion reigns. With their eyes fixed on the issues, they fail to see who is behind every scene. We Jews toy with the American public as a cat toys with a mouse..." Harold Wallace Rosenthal

"The war that is being prepared will be a battle between international capital and the ruling dynasties. Capital wishes to have no one over it, knows no God or Lord, and wishes to have all states ruled as a great banking business. Their profit shall become the sole guide of the rulers ... Business ... one and only." Kardinal John Murphy Farley

"Governments love crises; in fact, they often cause or foster them to strengthen and expand their power." Hans-Hermann Hoppe

"There was this wonderful book called "The Hitchhiker's Guide to the Galaxy" and there's a chapter in it where there's a planet where another planet sends all of its lunatics to do no more damage at home. And on this lunatic planet, the Keynesian economists have come to power and decided that they can abolish the scarcity of goods by abolishing the scarcity of money. They then declared the leaves of trees to be money, which of course immediately led to hyperinflation. This was then countered with a forest defoliation program. And let me tell you, ladies and gentlemen, some of these "foliage faction" have made it here. They're sitting in the central banking worlds today, in the Governing Council of the ECB and at the Fed, and they're telling us with their Modern Monetary Theory that it's possible in all seriousness to overcome the scarcity of goods by abolishing the scarcity of money and being able to buy everything, anything, everything, if we just print enough money." Markus Krall

"It has long been obvious in the Western tribal countries of democracy that the promises inherent in this concept will probably remain unfulfilled: Politics is losing ground dramatically to the power of the markets; supposedly democratic systems are firmly in the hands of powerfully organized interests and have less and less to do with popular sovereignty - if there ever was any. Social inequality and the disenfranchisement and reification of citizens as mere administrative objects or human resources are advancing inexorably - though every step of disenfranchisement is communicated as emancipatory gain." Ingolfur Blühdorn

""It is ... a naivety that cannot be excused by anything to believe that a state can be total in the economic sphere without being so at the same time in the political and spiritual sphere ...." ... Democracy and socialism are not a tautology (à la Oskar), but radical, mutually exclusive opposites. Democracy is a method of limiting and controlling power. Socialism, on the other hand, always denies the individual freedom of choice of individuals over their economic preferences and life goals (supposedly in favor of the general public, the collective); thus socialism always assigns sovereignty over the decisive existential forces and life motivations to the state or a party or political cliques, and thus socialism is never a system or method for limiting power, but always and everywhere pseudo-moral justification for patronizing life, carte blanche for cynically moralizing unrestrained power." Roland Baader

"He who has once begun to live by robbery will always find pretexts for seizing what belongs to others." Niccolò Machiavelli

"All the Perplexities, Confusions and Distresses in America arise not from defects in their Constitutions or Confederation, not from a want of Honour or Virtue, So much as from downright Ignorance of the Nature of Coin, Credit and Circulation." John Adams

"The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation." Vladimir Lenin

"A One World Government and one-unit monetary system under permanent non-elected hereditary oligarchists who self-select from among their numbers in the form of a feudal system as it was in the Middle Ages. In this One World entity, population will be limited by restrictions on the number of children per family, diseases, wars, famines, until 1 billion people who are useful to the ruling class, in areas which will be strictly and clearly defined, remain as the total world population. There will be no middle class, only rulers and servants. All laws will be uniform under a legal system of world courts practicing the same unified code of laws, backed up by a One World Government police force and a One-World unified military to enforce laws in all former countries where no national boundaries shall exist. The system will be on the basis of a welfare state; those who are obedient and subservient to the One World Government will be rewarded with the means to live; those who are rebellious will simply be starved to death or be declared outlaws, thus a target for anyone who wishes to kill them. Privately-owned firearms or weapons of any kind will be prohibited. Only one religion will be allowed and that will be in the form of a One World Government Church, which has been in existence since 1920 as we shall see. Satanism, Luciferianism and Witchcraft shall he recognized as legitimate One World Government curricula with no private or church schools." Dr. John Coleman

"Nothing can make a demagogue more popular today than when he repeatedly calls for sharp taxes against the rich [...] Wealth levies and high income taxes on the larger incomes are quite extraordinarily popular with the masses who do not have to pay them." Ludwig von Mises

"Ecologism is (among quite a few other ism) a decay product of Marxism. The failed "impoverishment thesis" is replaced by the eco- and climate catastrophe. The goal is the extinction of capitalism - and thus of Western freedom." Roland Baader