Richard McKenna Quotes

I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people

Whoever owns the means of credit controls the industrial life of the nation.

Who controls the issuance of money controls the government!

We print money. The people that print the money is actually us. The government of the United States of America. By its very nature, we control that, and this system is there as representation of us.

Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.

Once a nation parts with the control of its credit, it matters not who makes the laws.

The whole profit of the issuance of money has provided the capital of the great banking business as it exists today.

Whoever controls the volume of money in any country is absolute master of all industry and commerce.

He who controls the money supply of a nation controls the nation.

The economy controls the politicians far more than the politicians control the economy.

All the banks in Christendom could not control money.

The Federal Reserve Board is indefensible in theory and indispensable in practice.

We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it

There is no entity in the world that controls our lives more than the Federal Reserve System

If Congress wanted to intervene with the Federal Reserve, well, we created the Federal Reserve. We could uncreate it. But would you want Congress regulating the money supply? We'd have drowned in inflation, or gone bankrupt, decades ago.

All the Federal Reserve can do is make loans against collateral.

The banks have accounts with the Fed, much the same way that you have an account in a commercial bank.

Modern money is almost altogether credit money.

Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talks of the sovereignty of Parliament and of democracy is idle and futile.

But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.

What is the system? It revolves around the banks, the system is built on the power of the banks, so it can be destroyed through the banks.

The powers vested in the Federal Reserve Board seen to me highly dangerous especially where there is political control of the Board.

Give me the power to issue a nation’s money; then I do not care who makes the laws.

Banks lend by creating credit. They create the means of payment out of nothing

Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States