Our whole monetary system is totally fraudulent, because it is based on debt rather than something of tangible value. We did not vote for it. It was foisted upon us gradually over time through the scheming, unlawful machinations of just a few, inbred banking families who own the U.S. Federal Reserve System (a privately-owned and deceptively-named central bank), but markedly so ever since 1971, which is when the [constitutional] gold and silver-based monetary system that made our money the most preferred currency on Earth, was suddenly abandoned by an Executive Order of President Richard Nixon. That's precisely when Americans began making the slow decline from being the most prosperous, virtuous, and united nation of people that ever existed in human history to being the exact opposite of that, which is what we have since become.

The following are a collection of historical quotes that I arranged in chronological order that relate to the evils of a privately-owned central banking cartel issuing a sovereign nation's currency:

"The bank hath benefit of interest on all moneys which it creates out of nothing." William Paterson, founder of the Bank of England (1694)

"In the Colonies, we issue our own paper money. It is called 'Colonial Scrip.' We issue it in proper proportion to make the goods and pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power and we have no interest to pay to no one." - Benjamin Franklin (1750)

"It was the monetary system under which America's Colonies flourished to such an extent that Edmund Burke was able to write about them: 'Nothing in the history of the world resembles their progress. It was a sound and beneficial system, and its effects led to the happiness of the people.'" John Twells, English historian, writing about the American Colonies and their issuance of Colonial Scrip (1777)

"In a bad hour [in 1764], the British Parliament took away from America its representative money, forbade any further issue of bills of credit, these bills ceasing to be legal tender, and ordered that all taxes should be paid in coins. Consider now the consequences: this restriction of the medium of exchange paralyzed all the industrial energies of the people. Ruin took place in these once flourishing Colonies; most rigorous distress visited every family and every business, discontent became desperation, and reached a point, to use the words of Dr. Johnson, 'when human nature rises up and asserts its rights.'" John Twells, English historian, writing about the causes for the American Revolution (1777)

"The Colonies would gladly have borne the little tax on tea and other matters had it not been the poverty caused by the bad influence of the English bankers on the Parliament, which has caused in the Colonies hatred of England and the Revolutionary War. In one year [after 1763, when England passed a law forbidding Colonial Scrip], the conditions of were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with the unemployed." - Benjamin Franklin (1778)

The institution, having no principle but that of avarice, will never be varied in it's object...to engross all the wealth, power and influence of the state" - William Findley, Pennsylvania Representative, in debate over re-chartering America's first central bank. (1781)

"The rich will strive to establish their dominion and enslave the rest. They always did. They always will. They will have the same effect here as elsewhere, if we do not, by the power of government, keep them in their proper spheres." - Gouverneur Morris, in a letter he wrote to James Madison (1787)

Bank of the United States was chartered.

"But if in the pursuit of the means we should unfortunately stumble again on unredeemable paper money or any similar species of fraud, we shall assuredly give a fatal stab to our national credit in its infancy. Unfunded 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. Fraudulent 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." - President George Washington, in a letter to Jabez Bowen (1787)

"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 great unemployment and dissatisfaction. Within a year, the poor houses were filled. The hungry and homeless walked the streets everywhere. 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 probably the Prime reason for the Revolutionary War." - Benjamin Franklin, 'The Autobiography of Benjamin Franklin' (1790)

"A national debt if it is not excessive will be to us a national blessing: it will be a powerful cement of our union." - Alexander Hamilton (1790)

"Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild (Bauer), founder of the House of Rothschild (1790)

Alexander Hamilton, a former Rothschild Secretary, former aid to Robert Morris who was the head of the Bank of North America, and a tool of the international bankers, proposed a Bill to Congress to create another privately-owned central bank. (1790)

1791 - Congress passes a bill giving the First Bank of The United States a 20-year charter. 80% of it's stock was held by private investors, and it was given a monopoly on printing of U.S. currency. 20% was bought buy the U.S. government, not have a ownership stake in the new bank, but to provide capital for the 80%, who never did pay the full amount that they owed for their shares. The U.S. government put up the first $2 million is cash, and then the owners issued loans to the charter investors using the fractional reserve lending model still in use today by banks. That's how they came up with the $8 million necessary for this "risk free" investment.

Like the Bank of England, and today's U.S. Federal Reserve, the name of the new bank was deliberately chosen to hide the fact that it was privately controlled. And like the Bank of England, and today's U.S. Federal Reserve the names of the [private] investors were never revealed. However, it was well-known that the Rothschilds were the primary power behind the new bank.

"I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government; I mean an additional article taking from the Federal Government the power of borrowing." - Thomas Jefferson (1801)

"A wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of the people the bread they have earned. This is the sum of good government. - President Thomas Jefferson (1802)

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks... will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - President Thomas Jefferson in the debate over the Re-charter of the [Bank of the United States] Bill (1809)

"Either the application for the renewal of the charter is granted, or the United States will find itself involved in a most disastrous war.... Either the application for the renewal of the charter [for the Bank of the United States] is granted, or the United States will find itself involved in a most disastrous war." Nathan Mayer Rothschild (1811)

"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." - Napoleon Bonaparte, Emperor of France (1815)

"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." - President James Madison (1817)

"Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!" - President Andrew Jackson (1832), referring to the shareholders of Second Bank of The United States, a privately-owned bank

"If congress has the sole power under the Constitution to issue paper money, it was given them to use themselves, not to be delegated unconstitutionally to individuals or corporations [as it has been]." - President Andrew Jackson (1833)

"Centralization of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly." Karl Marx writing in the Communist Manifesto (1848).

"It [the central bank] gives the National Bank almost complete control of national finance. The few who understand the monetary system, will either be so interested in its profits, or so dependent on its favors that there will be no opposition from that class. The great body of people, however, mentally incapable of comprehending the tremendous advantages will bear its burden without complaint." - Nathaniel Rothschild (June, 1863)

"The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity." - President Abraham Lincoln (1864)

"If this mischievous financial policy (referring to Lincoln issuing debt-free currency), which has its origin in North America, shall become underrated down to a fixture, then that government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to America. That country must be destroyed or it will destroy every monarchy on the globe." - Times of London (1865)

"The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots and the bankers went anew to grab the riches. I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America and use it to systematically corrupt civilization." Otto von Bismark (1815-1898), German Chancellor, after Lincoln's assassination (1865)

"After Franklin gave explanations on the true cause of the prosperity of the Colonies, the Parliament exacted laws forbidding the use of this money in the payment of taxes. This decision brought so many drawbacks and so much poverty to the people that it was the main cause of the Revolution. The suppression of the Colonial money was a much more important reason for the general uprising than the Tea and Stamp Act." - Peter Cooper, American Inventor [of Jell-O], Author, in his book 'Ideas for a Science of Good Government' (1883)

"Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to... provisions [which] would place our currency and credit system in private hands." - President Theodore Roosevelt (1908)

"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 effect our security as a charge back for our fiat paper currency. Every American will be forced to register or suffer being unable to work and earn a living. They will be our chattel, and we will hold the security interest over them forever." - Edward "Colonel" Mandell House, Rothschild agent, Chief Advisor to President Woodrow Wilson (1910)

"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. 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 leave every American a contributor 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." - Edward "Colonel" Mandell House, Rothschild agent, Chief Advisor to President Woodrow Wilson (1910)

"This [Federal Reserve] 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 people may not know it immediately, but the day of reckoning is only a few years removed... The worst legislative crime of the ages is perpetrated by this banking bill." Rep. Charles A. Lindbergh (1913)

"But the whole scheme of a Federal Reserve Bank with its commercial-paper basis is an impractical, cumbersome machinery, is simply a cover, to find a way to secure the privilege of issuing money and to evade payment of as much tax upon circulation as possible, and then control the issue and maintain, instead of reduce, interest rates. It is a system that, if inaugurated, will prove to the advantage of the few and the detriment of the people of the United States. It will mean continued shortage of actual money and further extension of credits; for when there is a lack of real money people have to borrow credit to their cost." Alexander C. Lassen, President, Lassen Realty Co., New York, NY, before the Senate Banking and Currency Committee (1913)

"I had hoped to support this bill (the Federal Reserve Act), but I cannot vote for it cause it seems to me to contain features and to rest upon principles in the highest degree menacing to our prosperity, to stability in business, and to the general welfare of the people of the United States... The bill as it stands seems to me to open the way to a vast inflation of the currency." - Senator Henry Cabot Lodge (1913)

"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." - Rep. Charles A. Lindbergh (1914)

Despite these warnings, Woodrow Wilson signed the Federal Reserve Act of 1913 (the unlawful system we suffer under now). A few years afterward, he wrote:

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now 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." - President Woodrow Wilson (1915)

"By this means [the privately-owned FED issuing currency as it sees fit] government may secretly and unobserved, confiscate the wealth of the people and not one man in a million will detect the theft." - John Maynard Keynes, from his book "The Economic Consequences of the Peace" (1920)

See Related Posts: #Banking/Money

"I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people." - Reginald McKenna, Chairman of the Midland Bank, addressing stockholders (1924)

"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. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and he people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the maladministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it." - Rep. Louis T. McFadden (R. PA), Chairman of the Committee on Banking and Currency, former President First National Bank of Ohio (1927)

"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 enough money to pay the National debt several times over. This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it." - Rep. Louis T. McFadden (1932)

"Some people think that the Federal Reserve Banks are United States Government institutions. They are not government institutions. They are private credit monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.” In that dark crew of financial pirates, there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislation; and there are those who maintain International propaganda for the purpose of deceiving us and of wheedling us into the granting of new concessions which will permit them to cover up their past misdeeds and set again in motion, their gigantic train of crime." - Rep. Louis T. McFadden (1932)

"Those twelve private credit monopolies [the private banks which comprise the Federal Reserve] 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." - Rep. Louis T. McFadden (1932)

"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 World War. financing [Leon] Trotsky (Lev Davidovich Bronstein) and instigating the Russian Revolution (advent of Communism). They financed Trotsky's mass meetings of discontent and rebellion in New York. They financed Trotsky's passage from New York to Russia so that he might assist in the destruction of the Russian Empire. They fomented and instigated the Russian Revolution, and placed a large fund of American dollars at Trotsky's disposal in one of their branch banks in Sweden so that through him, Russian homes might be thoroughly broken up and Russian children flung far and wide from their natural protectors. They have since begun breaking up of American homes and the dispersal of American children as well." - Rep. Louis T. McFadden (1932)

"It has been said that President Wilson was deceived by the attentions of these bankers and by the philanthropic poses they assumed. It has been said that when he discovered the manner in which he had been misled by Colonel House, he turned against that busybody, that "holy monk" of the financial empire, and showed him the door. He had the grace to do that; and in my opinion he deserves great credit for it." - Rep. Louis T. McFadden (1932)

"President Wilson was a victim of deception. When he came to the Presidency, he had certain qualities of mind and heart which entitled him to a high place in the councils of this Nation. But there was one thing he was not, and which he never aspired to be: He was not a banker. He said that he knew very little about banking. It was therefore on the advice of others that the iniquitous Federal Reserve Act -- the death warrant of American Liberty -- became law in his administration." - Rep. Louis T. McFadden (1932)

"The Federal Reserve Bank destroyed our old and characteristic way of doing business. It discriminated against our one-name commercial paper, the finest in the world, and it set up the antiquated two-name paper, which is the present curse of this Country and which wrecked every country which has ever given it scope; it fastened down upon the Country the very tyranny from which the framers of the Constitution sought to save us" - Rep. Louis T. McFadden (1932)

"The Government... Against its will it has been made the backer of horse thieves and card sharps, bootlegger's smugglers, speculators, and swindlers in all parts of the world. Through the Federal Reserve Board and the Federal Reserve Banks the riffraff of every country is operating on the public credit of the United States Government." - Rep. Louis T. McFadden (1932)

"The banks do create money [from nothing]. They have been doing it for a long time, but they didn't realize it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it." - H W White, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission (1955)

"We are opposed by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence, on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice. It is a highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations. Its preparations are concealed, not published. Its mistakes are buried, not headlined. Its dissenters are silenced, not praised. No rumor is printed, no secret is revealed." - President John F. Kennedy (April 27, 1961)

On June 4, 1963, Executive Order 11110, was signed by President John F. Kennedy. This Order basically stripped the U.S. Federal Reserve of its power to loan counterfeit, unbacked, fiat money to the United States federal government at interest. With the stroke of his pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. The U.S. Treasury then printed $4 billion in United States Treasury Notes, which were redeemable in silver. These notes were quickly circulated into the economy in $2 and $5 denominations.

"The high office of the President has been used to foment a plot to destroy the American's freedom and before I leave office, I must inform the citizen of this plight." - President John F. Kennedy, ten days before his assassination (1963)

"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 money, and with the flick of the pen they will create enough deposits to buy it back again. However, take away from them the power to create money 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 money." - Sir Josiah Stamp, Director of the Bank of England, addressing students at the University of Texas (1972)

"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent." - John Kenneth Galbraith, former Professor of Economics at Harvard, 'Money: Whence it came, where it went' (1975)

"Neither paper currency nor deposits have value as commodities. Intrinsically, a dollar bill is just a piece of paper, deposits merely book entries. Coins do have some intrinsic value as metal, but generally far less than their face value." - Federal Reserve Bank of Chicago, 'Modern Money Mechanics' (1975)

"Commercial banks create checkbook money whenever they grant a 'loan,' simply by adding new deposit dollars in accounts on their books in exchange for a borrower's IOU." - David H. Friedman, Federal Reserve Bank of New York, 'I Bet You Thought' (1977)

"Most Americans have no real understanding of the operations of the international moneylenders... the accounts of the Federal Reserve have never been audited. It operates outside the control of Congress and... manipulates the credit of the United States." Barry Goldwater, 'With No Apologies' (1979)

"The Consumer Price Index is 15 times higher than it was when the Federal Reserve was founded in 1913. In the hundred years prior to the advent of the Federal Reserve, prices in America fell by one third." - Ben Bernanke, remarks on Milton Friedman's ninetieth birthday (November 8, 2002)

"When the Federal Reserve writes a check to buy U.S. Treasury Bonds (IOUs that our children and grandchildren are liable for), it is creates fiat currency out of thin air." - Harry Browne, 'The Advocates for Self-Government', (2004)

It's probably a good thing that the American people don't understand our central banking and fiat monetary system, for if they did, I believe there would be a revolution before tomorrow morning--as there should be. The modern, privately-owned, Federal Reserve banking system manufactures money out of nothing, and it's worth only the paper it's no longer even printed upon. This process is, perhaps, the most astounding piece of sleight of hand that was ever invented in the history of mankind.

The maximum prosperity for all Americans can only be achieved through individual freedom, free markets, a stable foreign policy, and above all, a sound monetary system

Today, in America as well as in Europe, we are under the regime of the Scrip of the Bankers instead of the scrip of the nation. Hence the public debts, everlasting interest charges, taxes that plunder purchasing power, with the only result being a consolidation of the financial dictatorship.

There is only one cure for America's ultimate financial collapse and that is for Congress to exercise Clause 30 of the Federal Reserve Act; buy the outstanding shares of stock; shut down this unconstitutional system, and sell off their assets to reimburse the people of this nation for this unspeakable theft of our wealth.

Support the U.S. Monetary Reform Act – contact your Congressman today!

There is only one cure for America's ultimate financial collapse and that is for Congress to exercise Clause 30 of the "Federal" Reserve Act, buy the outstanding shares of stock, shut down this unconstitutional system and sell off their assets to reimburse the people of this nation for this unspeakable theft of their wealth.

Note: According to the U.S. Coinage act of 1792, a law which has never been repealed, "The money of account of the United States shall be expressed in dollars or units... of the value [mass or weight] of a Spanish milled dollar as the same is now current, and to contain 371 grains 4/16 parts of a grain (1 Troy Ounce) of pure... silver."

See Related Posts: #Banking/Money