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Quote by Collin Peterson

“The New York Federal Reserve is a tool of the big banks.”

Quote by Collin Peterson

Author

Collin Peterson

Collin Peterson is a seasoned U.S. politician who has served as a U.S. Representative for Minnesota's 7th congressional district. Born on June 29, 1944, he has dedicated his political career to agricultural and rural issues, playing a significant role in Congress. more

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“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.”

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“It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer (banker), and the other helps the people. If the currency issued by the Government were no good, then the bonds issued would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious values of gold.”

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Author:Collin Peterson