"If my sons did not want wars, there would be none."
Mayer Amschel Rothschild's wife
I am one of those who do not believe the national debt is a national
blessing... it is calculated to raise around the administration a
moneyed aristocracy dangerous to the liberties of the country.
Letter to L. H. Coleman of Warrenton,
N.C., 29 April 1824
Since I entered politics, I have chiefly had men's views confided to me
privately. Some of the biggest men in the United States, in the field of
commerce and manufacture are afraid of somebody, are afraid of
something. They know that there is a power somewhere so organized, so
subtle, so watchful, so interlocked, so complete, so pervasive, that
they better not speak above their breath when they speak in condemnation
The New Freedom (1913), Doubleday
From the days of
Spartacus-Weishaupt to those of Karl Marx, and down to
Trotsky (Russia), Bela Kun (Hungary), Rosa Luxembourg (Germany), and
Emma Goldman (United States), this world-wide conspiracy for the
overthrow of civilization and for the reconstitution of society on the
basis of arrested development, of envious malevolence, and impossible
equality, has been steadily growing. It played, as a modern writer, Mrs.
Webster, has so ably shown, a definitely recognizable part in the
tragedy of the French Revolution.
It has been the mainspring of every
subversive movement during the Nineteenth Century; and now at last this
band of extraordinary personalities from the underworld of the great
cities of Europe and America have gripped the Russian people by the hair
of their heads and have become practically the undisputed masters of
that enormous empire.
"Zionism versus Bolshevism", Illustrated
Sunday Herald (London), February 8, 1920, pg. 5
The people must be helped to think naturally about money. They must be
told what it is, and what makes it money, and what are the possible
tricks of the present system which put nations and peoples under control
of the few.
My Life and Work, Doubleday, Page &
I am afraid that the ordinary citizen will not like to be told that
the banks can, and do, create and destroy money. The amount of money
in existence varies only with the action of the banks in increasing or
decreasing deposits and bank purchases. Every loan, overdraft or bank
purchase creates a deposit, and every repayment or bank sale destroys a
deposit... 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.
a former Chancellor of the Exchequer,
addressing the shareholders as Chairman of the Midland Bank, at the
Annual General Meeting in January 1924.
The present Federal Reserve System is a flagrant case of the Governments
conferring a special privilege upon bankers. The Government hands to the
banks its credit, at virtually no cost to the banks, to be loaned out by
the bankers for their own private profit. Still worse, however, is the
fact that it gives the bankers practically complete control of the
amount of money that shall be in circulation.
Not one dollar of these
Federal Reserve notes gets into circulation without being
borrowed into circulation and without someone paying interest to some
bank to keep it circulating. Our present money system is a debt money
system. Before a dollar can circulate, a debt must be created.
Such a system assumes that you can borrow yourself out of debt.
Willis A. Overholser
A short review and analysis of the
history of money in the United States, with an introduction to the
current money problem (1936), p. 56