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"Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them....
.....but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again.
However, take away from them the power to create money and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in.
But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money."
(Said to be from an informal talk at the University of Texas in the 1920s, but as yet unverified.)
[14] [14] Silas Walter Adams (1958). The legalized crime of banking and a constitutional remedy. Boston: Meador. pp. 13, 30, 58, 90, 246. OCLC 3906807. Also available as web transcription
In 1928 he was appointed a director of the Bank of England.
.....but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again.
However, take away from them the power to create money and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in.
But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money."
(Said to be from an informal talk at the University of Texas in the 1920s, but as yet unverified.)
[14] [14] Silas Walter Adams (1958). The legalized crime of banking and a constitutional remedy. Boston: Meador. pp. 13, 30, 58, 90, 246. OCLC 3906807. Also available as web transcription
In 1928 he was appointed a director of the Bank of England.
