Founding Father Quotes (and others) On Central Banks

Below are listed some quotes from the Founding Fathers (and others) concerning Central Banks (Federal Reserve / World Bank) Note: this page is still under construction, so check back with us for more information.

“Without big banks, socialism would be impossible.” – Vladimir Lenin

Thomas Jefferson

{The following has long been attributed to Jefferson, but was actually a compilation of his quotes with “by inflation and then deflation” added later by others (see below)}……“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”

Thomas Jefferson wrote in 1825 to William Branch Giles of “a vast accession of strength from their younger recruits, who, having nothing in them of the feelings or principles of ’76, now look to a single and splendid government of an aristocracy, founded on banking institutions, and monied incorporations under the guise and cloak of their favored branches of manufactures, commerce and navigation, riding and ruling over the plundered ploughman and beggared yeomanry

Jefferson said in a letter to John Taylor in 1816, “And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

“Bank-paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs.” Thomas Jefferson to John Wayles Eppes

George Washington, in letter to
J. Bowen, Rhode Island,

Jan. 9, 1787 “Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.”

John Maynard Keynes:

In 1919, John Maynard Keynes, later an advisor to Franklin D. Roosevelt, wrote in his book The Economic Consequences of Peace: “Lenin is to have declared that the best way to destroy the capitalist system was to debauch the currency … By a continuing process of inflation, governments can confiscate secretly and unobserved, an important part of the wealth of their citizens … As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless…”

President John Garner

In 1933, Vice-President John Garner, when referring to the international bankers, said: “You see, gentlemen, who owns the United States .”

Senator Barry Goldwater

Sen. Barry Goldwater wrote in his book With No Apologies: “Does it not seem strange to you that these men just happened to be CFR (Council on Foreign Relations) and just happened to be on the Board of Governors of the Federal Reserve, that absolutely controls the money and interest rates of this great country. A privately owned organization … which has absolutely nothing to do with the United States of America !”

Edward House

In a letter to Edward M. House (President Wilson’s closest aide), dated November 23, 1933, Franklin D. Roosevelt said: “The real truth of the matter is, and you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson.”

President Kennedy

More Resources:

Secret Federal Reserve  loans gave banks 13 Billion undisclosed to Congress

Federal Reserve earned 77.4 Billion in 2011.

Robert Hillmann explains the goals of the Federal Reserve in the following article:  Reinventing Government

The establishment of the Central Bank (Federal Reserve) is  number 5 of the Ten Planks of the Communist Manifesto