Posted 11-2-11

The Power and Perversion of Banks



Emphasis added below

United States

"When you or I write a check there must be sufficient funds in our account to cover that check, but when the Federal Reserve writes a check, it is creating money."
-- Boston Federal Reserve Bank, Source: in a publication titled "Putting It Simply"

"These statements were made during hearings of the House Committee on Banking and Currency, September 30, 1941. Members of the Federal Reserve Board call themselves "Governors." Governor Marriner Eccles was Chairman of the Federal Reserve Board at the time of these hearings:

     ~ Congressman Patman: "How did you get the money to buy those two billion dollars worth of Government securities in 1933?"
     ~ Patman: "And there is nothing behind it, is there, except our Government's credit?"
     ~ Eccles: "That is what our money system is. If there were no debts in our money system, there wouldn't be any money."
     ~ Congressman Fletcher: "Chairman Eccles, when do you think there is a possibility of returning to a free and open market, instead of this pegged and artificially controlled financial market we now have?"
     ~ Governor Eccles: "Never, not in your lifetime or mine." (Marriner Stoddard Eccles (1890-1977) US banker, economist, and Chairman of the Federal Reserve (1934-48) Source: during hearings of the House Committee on Banking and Currency, September 30, 1941.

"The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited, if there is any feasible alternative. There is no need for such arbitrary power... Any system which gives so much power and so much discretion to a few men, [so] that mistakes - excusable or not - can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic - this is the key political argument against an independent central bank."
      -- Milton Friedman, (1912-2006) Nobel Prize-winning economist, economic advisor to President Ronald Reagan, "ultimate guru of the free-market system"

Great Britain

"Give me control of a nation's money and I care not who makes the laws."    -- Mayer Amschel Rothschild (1744 -1812), Godfather of the Rothschild Banking Cartel of Europe
     (Source: in 'The Creature from Jekyll Island' (American Opinion Publishing), p. 218.,


"I care not what puppet is placed on the throne of England to rule the Empire, ...
The man that controls Britain's money supply controls the British Empire.
And I control the money supply."  -- Baron Nathan Mayer Rothschild
(1777-1836) London financier, one of the founders of the international Rothschild banking dynasty


     "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, andall 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 deposits." -- Sir Josiah Stamp
(1880-1941, President of the Bank of England in the 1920's, the second richest man in Britain Speaking at the Commencement Address of the University of Texas in 1927.

"Do you want to get rich? Just get elected to Congress. The U.S. Senate and the House of Representatives are absolutely packed with wealthy people that are very rapidly becoming even wealthier.  The collective net worth of the members of Congress is now measured in the billions of dollars

    "Most of those that get sent to Congress realize that they never would have won if wealthy donors had not showered cash on them.  Most of them understand that they should not bite the hands that feed them if they want the cash to keep rolling in....

    "Politics in America has become a game that is played by the elite for the benefit of the elite. Average Americans have the perception that they are involved in the process and that their opinions really matter, but mostly it is just an illusion....Just as it has been for most of human history, the rich rule over the poor. Does anyone out there believe that we have any hope of changing this?"  -- Michael at Economic Collapse

To understand why this is happening, please read 

The Hidden Control of the Council on Foreign Relations (CFR)

The Power Elite behind the New World Order

A Chronology of the UN: The Revolutionary Steps to Global Tyranny.

In the midst of this corruption, our God still reigns! Here is one of His many promises to those who trust and follow Him:

"Be strong and of good courage, do not fear nor be afraid of them;

for the Lord your God... goes with you.

He will not leave you nor forsake you." 

Deuteronomy 31:6

Here are previous articles by Michael: In Debt Up To Our Eyeballs 

Free Trade Or Fair Trade?  |  Unelected, Unaccountable, Unrepentant:: The Federal Reserve

Posted with permission