CONFESSIONS OF THE BANKERS

“Let me issue and control a nation’s money and I care not who writes the laws.”

Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild

"The supranational sovereignty of world bankers is surely preferable to the national auto-determination practiced in past centuries."

"It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But the world is now more sophisticated and prepared to march towards a world-government."

“We are grateful to the Washington Post, the New York Times, Time magazine and other great publications whose directors have attended our meetings and respected the promise of discretion for almost forty years."

David Rockefeller, in an address to the Trilateral Commission Meeting, 1991

 “The bank hath benefit of interest on all moneys which it creates out of nothing.”

William Paterson, director of the Bank of England

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented.”

“Banking was conceived in iniquity and born in sin. The bankers own the world. Take it away from them, but leave them the power to create money and control over that money, and they will create that money right back again. Take this power away from bankers and all great fortunes will disappear, and they ought to disappear, for this then would be a happier, better world to live in … But if you want to continue to be slaves to the banker and pay the cost of your own enslavement, then let the bankers continue to create money and control credit.”

Josiah Stamp, director of the Bank of England during an informal talk to about 150 history, economic, and social science professors in the late 1920’s at the University of Texas.

“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, as Chairman of the Midland Bank, addressing stockholders in 1924

“The banks do create money. They have been doing it for a long time, but they didn’t realise 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

“Banks lend by creating credit. They create the means of payment out of nothing.”

Ralph M. Hawtry, former Secretary to the Treasury

“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.”

The Federal Reserve Bank of New York

“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, Credit Manager of the Federal Reserve Bank, Atlanta, Georgia

"If that mischievous financial policy which had its origin in the North American Republic during the late war in that country should become ... a fixture, then that Government will furnish its own money without cost. It will pay off its debts and be without debt ... That government must be destroyed ..."

The London Times