President's Day, Presidents' Comments On Money and Banking

1787 James Madison - President of the United States 1809-1817:
"History record that the money changers have used every form of abuse, intrigue, and violent means possible to maintain their control over governments by controlling money and it's issuance... And when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate"

1793 Benjamin Franklin - US Statesman, Political Theorist and Inventor:
"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 unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hand of George III and the international bankers was the Prime reason for the Revolutionary War."

1809 Thomas Jefferson - President of the United States 1803-1811:
"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 and around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."

"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power of money should be taken away from the banks and restored to the people to whom it properly belongs."

1820 John Adams - President of the United States 1797-1801:
"All of the perplexities, confusion, and distress in America arises, not from the defects of the Constitution of Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation."

1834 Andrew Jackson - President of the United States 1829-1837:
"You are a den of vipers and thieves and I intend to rout you out, and by the eternal God, I will rout you out. If Congress has the right to issue paper money, it was given them to be used by themselves, and not to be delegated to individuals or corporations."

"Mischief springs from the power which the monied interest derives from a paper currency which they are able to control, and from the multitude of corporations with exclusive privileges... which are employed for their benefit."

1881 James A. Garfield - President of the United States 1881:
"Whoever controls the volume of money in any country is absolute master of all industry and commerce... And when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate."

"By the experience of commercial nations in all ages it has been found that gold and silver afford the only safe foundation for a monetary system."

1913 Charles A. Lindbergh - United States Congressman 1907-1917:
"The Federal Reserve Act establishes the most gigantic trust on earth. When President Wilson signs this bill, the invisible government of the monetary power will be legalized... the worst legislative crime of the ages is perpetrated by this banking and currency bill."

1916 Woodrow Wilson - President of the United States 1913-1921:
"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."

1922 Henry Ford - Founder the Ford Motor Company 1863-1947:
"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."

1932 Louis T. McFadden - United States Congressman 1915-1935:
"Most people think the Federal Reserve Banks are the United States government's institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers."

"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it."


International Quotes:


1694 William Patterson - Founder of The Bank of England 1694-1695:
"The bank hath benefit of interest on all moneys which it create out of nothing."

1790 Mayer Amschel Rothschild - Founder Rothschild International Banking Dynasty
"Let me issue and control a nation' money and I care not who makes its laws."

1815 Napoleon Bonaparte - Emperor of France 1804-1815:
"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."

1876 Otto von Bismark - Chancellor of Germany 1871-1890:
"The division of the United States into federations of equal forces was decided long before the Civil War by the high financial powers of Europe. These bankers were afraid that the US, if they remained as one block, and as one nation, would attain economic and financial independence, which would upset their financial domination over the world."

"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."

1926 Sir Josiah Stamp - President of the Bank of England in the 1920s:
"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 deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, 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 cost of your own slavery, let them continue to create deposits."