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Quote by Niall Ferguson

“From the earliest days, the Rothschilds appreciated the importance of proximity to politicians, the men who determined not only the extent of budget deficits but also the domestic and foreign policies.”

Quote by Niall Ferguson

Book:The House of Rothschild: Money's prophets, 1798-1848

Work

The House of Rothschild: Money's prophets, 1798-1848

This book delves into the origins and rise of the Rothschild family, highlighting their role in the financial world during a pivotal era of economic transformation. It examines the family's business practices, political influence, and the impact of their financial strategies on global markets. more

Author

Niall Ferguson is a prominent historian specializing in the history of the British Empire, financial history, and global history since 1800. He has authored numerous books and held academic positions at Harvard University and the University of Oxford. more

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“The division of the United States into federations of equal force was decided long before the Civil War by the high financial powers of Europe. These bankers were afraid that the United States, if they remained in one block and as one nation, would attain economic and financial independence, which would upset their financial domination over the world. The voice of the Rothschilds prevailed... Therefore they sent their emissaries into the field to exploit the question of slavery and to open an abyss between the two sections of the Union.”

“Throughout the first half of the nineteenth century, the (Rothschild) brothers conducted important transactions on behalf of the governments of England, France, Prussia, Austria, Belgium, Spain, Naples, Portugal, Brazil, various German states and smaller countries. They were the personal bankers of many of the crowned heads of Europe. They made large investments, through agents, in markets as distant as the United States, India, Cuba and Australia.”

“And who can suffer injury by just taxation, impartial laws and the application of the Jeffersonian doctrine of equal rights to all and special privileges to none? Only those whose accumulations are stained with dishonesty and whose immoral methods have given them a distorted view of business, society and government. Accumulating by conscious frauds more money than they can use upon themselves, wisely distribute or safely leave to their children, these denounce as public enemies all who question their methods or throw a light upon their crimes.”

“This Federal Reserve Act establishes the most gigantic trust on earth. When the President (Wilson) signs this bill the invisible government of the Monetary Power will be legalized.”

“I have never seen more Senators express discontent with their jobs....I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgivable to our wonderful country. Deep down in our heart, we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected.”

“Nothing but widespread suffering will produce any effect on Congress... Our only safety is in pursuing a steady course of firm restriction - and I have no doubt that such a course will ultimately lead to restoration of the currency and the re-charter of the bank.”

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“There cannot be stable money within an environment dominated by ideologies hostile to the preservation of economic freedom.”

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“The governments alone are responsible for the spread of the superstitious awe with which the common man looks upon every bit of paper upon which the treasury or agencies which it controls have printed the magical words legal tender.”

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“How pale is the art of sorcerers, witches, and conjurors when compared with that of the government's Treasury Department!”

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Book:The Theory of Money and Credit

Source: The Theory of Money and Credit