On Banks: will the real Nostradamus please stand up!

Here are a few takes by some old-skool shot callers on the dangers of banks:

 John Adams:

“All the perplexities, confusion and distress in America arise, not from defects of the Constitution or Confederation; not from any want of honor or virtue, as much as downright ignorance of the nature of coin, credit and circulation.”

Thomas Jefferson:

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 [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.

James Madison:

“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. “

Andrew Jackson:

“If congress has the right under the Constitution to issue paper money, it was  given them to use themselves, not to be delegated to individuals or corporations.”

 

Abraham Lincoln:

“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.

 

John C. Calhoun:

“A power has risen up in the government greater than the people themselves, consisting of many and various powerful interest, combined in one mass; and held together by the cohesive power of the vast surplus in banks.”

 

 

Theodore Roosevelt:

“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.”

Napoleon Bonaparte:

“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.”

Henry Ford:

“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.”

 

George Carlin:

“I’d like to talk about some things that bring us together. Things that point out our similarities instead of our differences, cause thats all you ever hear about in this country is our differences. Thats all the media and the politicians are ever talking about, the things that separate us, things that make us different from one another. Thats the way the ruling class operates in any society. They try to divide the rest of the people. They keep the lower and the middle classes fighting with each other so that they the rich, can run off with all the fucking money. Fairly simple thing. Happens to work. You know, anything different, thats what they gonna talk about. Race, religion, ethnic and national backgrounds, jobs, income, education, social status, sexuality. Anything they can do, keep us fighting with each other so that they can keep going to the bank. You know how I describe the economic and social classes in this country? The upper class keeps all of the money, pays none of the taxes. The middle class pays all of the taxes, does all of the work. The poor are there just to scare the shit out of the middle class. Keep them showing up at those jobs.”

 

Mark Twain:

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.

 

Norm Chomsky:

“Banks thrive due to bailouts, while people suffer recession.

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s