Forum Post: Relevant Presidental Quotes

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks… will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered… the issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson

“History records that the moneychangers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” – James Madison

“If congress has the right under the Constitution to issue paper money, it was given to them to use for themselves, not to be delegated to individuals or corporations.” – Andrew Jackson

“The government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become servant to humanity.” – Abraham Lincoln

Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act… A few years later he wrote: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world, no longer a vote of the majority, but a government by the opinion and duress of a small group of dominant men.” – Woodrow Wilson