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Quote by Josiah Stamp

“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.”

Quote by Josiah Stamp

Author

Josiah Stamp
Josiah Stamp

Josiah Stamp, a renowned British economist, was born on June 21, 1880, and passed away on April 16, 1941. He made significant contributions to the field of economics, particularly in the areas of monetary policy and international trade. more

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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.”

“We must not let our rulers load us with perpetual debt.”

“Those who formally rule take their signals and commands not from the electorate as a body, but from a small group of men. This group will be called the Establishment. It exists even though that existence is stoutly denied. It is one of the secrets of the American social order... A second secret is the fact that the existence of the Establishment - the ruling class - is not supposed to be discussed.”

“Today the path of total dictatorship in the United States can be laid by strictly legal means, unseen and unheard by the Congress, the President, or the people. Outwardly we have a Constitutional government. We have operating within our government and political system, another body representing another form of government - a bureaucratic elite.”

“For a long time I felt that FDR had developed many thoughts and ideas that were his own to benefit this country, the United States. But, he didn't. Most of his thoughts, his political ammunition, as it were, were carefully manufactured for him in advance by the Council on Foreign Relations - One World Money group. Brilliantly, with great gusto, like a fine piece of artillery, he exploded that prepared "ammunition" in the middle of an unsuspecting target, the American people, and thus paid off and returned his internationalist political support.”