With Much Evidence To Show That Usury and Interest Are One and the Same:
Credit for this collection of quotes goes to Chris Hansen.
Dean Malone writes: “Here is evidence spanning over 300 years that usury and interest are one and the same – an abomination upon mankind. It is revealed by the fruit of its tree – the only real evidence of truth. If Major Douglas truly didn’t think so, then this is one place where this man who I highly respect and revere was simply mistaken – the fate of all men eventually and to some measure. He is not Jesus the Christ.”
Deuteronomy 23:19 Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of any thing that is lent upon usury.
Leviticus 25:36-37 Take thou no usury of him, or increase; but fear thy God; that thy brother may live with thee. Thou shalt not give him thy money upon usury, nor lend him thy victuals for increase.
When the Babylonian civilization collapsed, three percent of the people owned all the wealth. When old Persia went down to destruction two percent of the people owned all the wealth. When ancient Greece went down to ruin one-half of one percent of the people owned all the wealth. When the Roman empire fell by the wayside, two thousand people owned the wealth of the civilized world...It is said at this time less than two percent (2%) of the people control ninety percent of the wealth of America. — Lincoln Money Martyred
Aristotle on Usury in 350 B.C. wrote:
The most hated sort of money-making, and with the greatest reason, is usury, which makes a gain out of money itself and not from the natural use of it-for money was intended merely for exchange, not for increase at interest. And this term interest, which implies the birth of money from money, is applied to the breeding of money, because the offspring resembles the parent. Wherefore of all modes of money-making, this is the most unnatural. — The Church and Usury, by Rev. P. Cleary
Saint Thomas Aquinas:
He who takes usury for a loan of money acts unjustly for he sells what does not exist. It is wrong in itself to take a price (usury) for the use of money lent, and as in the case of other offences against justice, one is bound to make restitution of his unjustly acquired money. — The Church and Usury, by Rev. P. Cleary
While visiting England in 1763, Benjamin Franklin was asked how he accounted for the prosperous condition of the Colonies. His reply was: "That is simple. It is only because in the Colonies we issue our own money. It is called 'Colonial Scrip' — and we issue it in the proper proportion to the demands of trade and industry."
Soon that information was brought to the Rothschild’s bank which coerced the English Parliament to pass a Bill providing that no Colony could issue its own money. Franklin said:
"Within one year from that date the streets of the Colonies were filled with the unemployed."
Franklin later said that this was the original cause of the Revolutionary War. In his own language:
"The Colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the Colonies their money, which created unemployment and dissatisfaction." — Lightning Over The Treasury Building, by J.R. Elsom
John Adams 1787:
All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation. — Money - Questions & Answers, by C. Coughlin
In 1790 Mayer Amschel Rothschild said:
Permit me to issue and control the money of a nation and I care not who makes its laws.
Thomas Jefferson said:
I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance. The issuing power (of money) should be taken from the banks, and restored to the people to whom it belongs. — Lincoln Money Martyred
If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered.
I hope we shall crush in its birth the aristocracy of the moneyed corporations, which dare already to challenge our Government to trial of strength and bid defiance to the laws of our country. — Money - Questions & Answers, by C. Couglin
Lord Acton, Lord Chief Justice of England in 1875 stated:
The issue which has swept down the centuries and which will have to be fought sooner or later is the People vs. the Banks. — I Want The Earth—Plus 5 Percent
President Andrew Jackson to the bankers who approached him in the drawing room of the White House:
Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal God, I will rout you out! — Money - Questions & Answers by C. Coughlin
The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes. — Famous Quotations on Money, by Sheldon Emry
Editorial in the London Times after “Lincoln Greenbacks” were issued:
If this mischievous financial policy, which has its origin in the North American Republic, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off its debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.
The Hazard Circular - published by London bankers, 1863:
The great debt that the Capitalists will see to it is made out of the war must be used to control the value of money. To accomplish this government bonds must be used as a banking basis. We are now waiting for the Secretary of the Treasury of the United States to make that recommendation.
It will not do to allow greenbacks, as they are called, to circulate as money for any length of time as we cannot control them. But we can control the bonds and through them the banking issues.
Salmon P. Chase in referring to the National Bank Act of 1862 said:
My agency in promoting the passage of the National Bank Act was the greatest financial mistake of my life. It has built up a monopoly, which affects every interest in the country. It should be repealed, but before that can be accomplished, the people will be arrayed on one side and the banks on the other, in a contest such as we have never before seen in this country. — Famous Quotations on Money, by Sheldon Emry
Letter to: Messieurs. Iklheimer, Morton and Vandergould, No. 3 Wall St., New York, U.S.A.:
Dear Sirs: A Mr. John Sherman has written us from a town in Ohio, U.S.A., as to the profits that may be made in the National Banking business under a recent act of your Congress (National Bank Act of 1863), a copy of which act accompanied his letter. Apparently this act has been drawn upon the plan formulated here last summer by the British Bankers Association and by that Association recommended to our American friends as one that if enacted into law, would prove highly profitable to the banking fraternity throughout the world.
Mr. Sherman declares that there has never before been such an opportunity for capitalists to accumulate money, as that presented by this act and that the old plan, of State Banks is so unpopular, that the new scheme will, by contrast, be most favorably regarded, notwithstanding the fact that it gives the National Banks an almost absolute control of the National finance. ’The few who can understand the system,’ he says ’will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantages that capital derives from the system, will bear its burdens without complaint and perhaps without even suspecting that the system is inimical (adverse) to their interests.’ Please advise us fully as to this matter and also state whether or not you will be of assistance to us, if we conclude to establish a National Bank in the City of New York... Awaiting your reply, we are.
Your respectful servants.
London, June 25, 1863
— Lightning Over The Treasury Building, J.R. Elsom
Henry Ford said:
The function of money is not to make money but to move goods. Money is only one part of our transportation system. It moves goods from man to man. A dollar bill is like a postage stamp: it is no good unless it will move commodities between persons. If a postage stamp will not carry a letter, or money will not move goods, it is just the same as an engine that will not run. Someone will have to get out and fix it. — Money - Questions & Answers, by C. Coughlin
Hon. Charles A. Lindbergh, Sr., on December 23, 1913 stated:
This Federal Reserve Act establishes the most gigantic trust on earth. When the President (Wilson) signs this bill the invisible government of the Monetary Power will be legalized. — Famous Quotations on Money, by Sheldon Emry
Concerning government bonds issued for a construction project Thomas Edison said:
People who will not turn a shovel full of dirt on the project, nor contribute a pound of material, will collect more money from the United States than will the people who supply all the material and do all the work. This is the terrible thing about interest.
In all great bond issues the interest is always greater than the principal. All the great public works cost more than twice as much on that account. Under the present system of doing business we simply add from 120% to 150% to the stated cost.
But here is the point: If our nation can issue a dollar bond, it is capable of issuing a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution, pays nobody but those who contribute in some useful way. It is absurd to say our country can issue bonds and cannot issue currency. Both are promises to pay but one fattens the usurer and the other helps the people.
If the currency issued by the people were no good, then the bonds would be no good either. It is a terrible situation when the Government, to insure the National wealth, must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold. Interest is the invention of Satan. — Lightning Over The Treasury Building, by J.R. Elsom
Sir Josiah Stamp, President of the Bank of England, in an informal talk to 150 University of Texas students in the 1920’s said:
Banking was conceived in iniquity and born in sin...Bankers own the world. Take it away from them, but leave them the power to create money...and with the flick of a pen, they will create enough money to buy it back again...Take this great power away from bankers, and all great fortunes like mine will disappear, and they ought to disappear, because this would then be a better and happier world to live in...But if you want to continue to be the slaves of bankers, and pay the cost of your own slavery, let them continue to create (your) money. — “Bankonomics” in One Easy Lesson, by Peter Cook
In 1933 Congressman Louis T. McFadden wrote:
Every effort has been made by the Federal Reserve Board (FED) to conceal its powers, but the truth is-the FED has usurped the government. It controls everything here (in Congress) and it controls all our foreign relations. It makes and breaks governments at will. — Billions for the Bankers, by Sheldon Emry
Robert Hemphill, for 8 years credit manager of the Federal Reserve Bank of Atlanta said:
If all bank loans were paid, no one would have a bank deposit, and there would not be a dollar of currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent monetary system. When one gets a complete grasp upon the picture, the tragic absurdity of our hopeless position is almost incredible-but there it is. It (the banking problem) is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and the defects remedied very soon. — Famous Quotations on Money, by Sheldon Emry
Emanuel Josephson stated in the Rockefeller Internationalist:
They [the Rockefellers] control most of the important newspapers, magazines, and book publishing houses in the country, including the Curtis Publications, the Hearst Publications, Time, the New York Times, the Associated Press and many others. — The Elements of Economics, by J.L. Carmichael
John Moody wrote:
Seven men on Wall Street now control a great share of the fundamental industry and resources of the United States. Three of the seven men, J.P. Morgan, James J. Hill, George F. Baker, head of the First National Bank of New York belong to the so-called Morgan group; four of them, John D. and William Rockefeller, James Stillman, head of the National City Bank, and Jacob H. Schiff on the private banking firm of Kuhn, Loeb Company, to the so-called Standard Oil City Bank group...the central machine of capital extends its control over the United States...The process is not only economically logical; it is now practically automatic. — Secrets of the Federal Reserve, by Eustace Mullins
The Banker’s Manifest, 1934:
Capital must protect itself in every way, through combination and through legislation. Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law, applied by the central power of wealth, under control of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principal men now engaged in forming an imperialism of capital to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd...
Nobel Prize Winner Frederick Soddy:
The whole profit of the issuance of money has provided the capital of the great banking business as it exists today. Starting with nothing whatever of their own, they have got the whole world into their debt irredeemably, by a trick.
This money comes into existence every time the banks “lend” and disappears every time the debt is repaid to them. So that if industry tries to repay, the money of the nation disappears. This is what makes prosperity so “dangerous” as it destroys money just when it is most needed, and precipitates a slump.
There is nothing left now for us but to ever get deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth.
An honest money system is the only alternative. — Lightning Over The Treasury Building, by J.R. Elsom
In February, 1850, our State of California issued bonds in the sum of $943.40 to pay for a granite slab to be placed at the 120 foot level inside of Washington’s Monument on the grounds of our National Capitol.
Our Golden State issued short term bonds bearing interest at the rate of 36% annually. In 1873 new bonds, in the amount of $2,277,500.00 were issued to retire the original bonds. Since that time the State has paid over $10,000,000 in interest but not one cent on the principal. — We Bankers, by Andrae Nordskog
John R. Elsom, 1941:
Since the people have either lost the heart to borrow from the Banks, or their collateral has already been taken over by the Banks - the latter being primarily the case - and therefore can no longer borrow, in order to get money into circulation the Government must do the borrowing in lieu of the people. — Lightning Over The Treasury Building, by J.R. Elsom
Summer H. Slichter (Professor Business Economics at Harvard):
The principal way in which dollars are created is by borrowing. This means that the number of dollars in existence at any particular time depends upon the ability and willingness of the banks to lend. The volume of purchasing power fluctuates with the state of men’s minds; the growth of pessimism may suddenly throw millions of men out of work (because of the lack of currency), or the growth of confidence may create thousands of job overnight (because of sufficient currency). — Lightning Over The Treasury Building, by J.R. Elsom