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Quotes about Banking System from the world's top natural health / natural living authors

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"Ninety-four percent of the borrowers are women, and more than 98 percent of the loans are paid back—a recovery rare higher than that in any other banking system. Muhamad Yunus is a shining example of how one person's vision can create a flip. Today, his micro-credir concept, which blew away the idea of scarcity, has been responsible for more than five million loans. The many lives that have been positively impacted is immeasurable. Many people are now challenging the seriously dated model of interest being charged for the use of money." - David H. Rippe, Jared Rosen, The Flip: Turn Your World Around (Get the book.)

"Then, the same financial crises that induced national support for the income tax, tipped the scales in favor of a permanent national banking system. The Wall Street Panic of 1907 was blamed for the worst depression in U.S. history up to that time. Unemployment climbed to 20 percent. Dozens of banks failed. J. P. Morgan saved several New York banks by granting personal loans. By 1910, Wall Street executives and Washington politicians saw an opportunity. They met at Jekyll Island off the coast of Georgia, in seclusion and secrecy, to discuss formation of a centralized monetary agency." - William Bonner, Addison Wiggin, Empire of Debt: The Rise of an Epic Financial Crisis (Get the book.) "In addition to creating a uniform national banking system and a single national currency, the new law also provided a secondary market to the U.S. Treasury to finance the growing debts of the Civil War. The change was gradual. By 1870, there were 1,638 national banks versus only 325 state banks. However, state banks continued to operate, having replaced the bank note system with a new concept: the checking account. By 1890, only about 10 percent of the U.S. money supply was represented by currency." - William Bonner, Addison Wiggin, Empire of Debt: The Rise of an Epic Financial Crisis (Get the book.)

"At first, the Fed may put into effect the policies implemented by Japan after 2000 in response to its own deflationary economic woes: zero interest rates and "quantitative easing," gorging the banking system with reserves. But over time, following a growing unwillingness by American individuals and businesses to borrow for either consumption or investment, the Fed will likely adopt an even more aggressive stance and rely upon what are euphemistically referred to as "unconventional" methods. In other words, they will "monetize" anything that moves." - Michael J. Panzner, Financial Armageddon: Protecting Your Future from Four Impending Catastrophes (Get the book.) "Such a collapse might also endanger critical components of the economy's banking system and financial underpinnings, such as payment and securities settlement mechanisms. Under the new arrangements, if an FDIC-insured institution considered TBTF was faced with insolvency, the government would provide interim support but only after multiple parties, including the Federal Reserve, had agreed to the designation. Ultimately, other large banks, not their smaller brethren, would be responsible for paying the cost of such bailouts." - Michael J. Panzner, Financial Armageddon: Protecting Your Future from Four Impending Catastrophes (Get the book.)

"Our founding fathers, including Thomas Jefferson, warned us of the risks of the banking system: "I sincerely believe . . . the banking establishments are more dangerous than standing armies," said Jefferson. John Quincy Adams opined, "Every bank of discount by which interest is to be paid or profit of any kind made by the lender is a downright corruption. It is taxation of the public for the benefit and profit of individuals." - David H. Rippe, Jared Rosen, The Flip: Turn Your World Around (Get the book.)

"They typically hid their wealth in the international banking system and set up large nonprofit foundations to shield wealth and help forward their business agenda. They learned to play the system, a system they created. They were the first multinational businesses, creating a web of relationships around the world, designed to enhance the sale of their products in foreign markets. They were ruthless and brilliant businessmen, stamping out competition and trampling the rights of workers. It was their way of life, their new culture." - Byron J. Richards, Fight for Your Health: Exposing the FDA's Betrayal of America (Get the book.)

"Even a modest hiccup in the functioning of the banking system and modern financial infrastructure will likely cause chaos and a dangerous secondary chain reaction that would be difficult to stop. Perhaps anticipating such an event, the U.S. Bond Market Association announced in early 2006 that it would lead an initiative to set up a standby "bank" that the Federal Reserve would activate if one of the two clearing banks in the U.S. government securities markets was "suddenly forced to leave the business." - Michael J. Panzner, Financial Armageddon: Protecting Your Future from Four Impending Catastrophes (Get the book.)

"Big Pharma is inextricably linked to oil companies, war companies, multinational agribusiness, new biotechnology, and the international banking system. Thus, health freedom is an issue of undeniable importance for all Americans. Those seeking to compromise health freedom or attack health freedom have aligned themselves with the greediest and most disgusting people on earth. The values of our Constitution are being sacrificed for the slimy profits of the New World Order." - Byron J. Richards, Fight for Your Health: Exposing the FDA's Betrayal of America (Get the book.)

"The whole banking system is based on a fraud of stunning proportions to control and suppress the people. There is nothing wrong with having a unit of exchange and calling it money. That is not my point. It is that once you have private banks owned by the same people creating the exchange out of nothing, and charging interest to do so, you have all you need for global tyranny. This is what we have and it has been installed because the same families that control the banks also control the politicians that pass the banking laws." - David Icke, Icke David, Infinite Love Is the Only Truth: Everything Else Is Illusion (Get the book.)

"Merchants were only allowed to use Spain's own creaking banking system, and all letters of credit or other instruments of payment had to be drawn up more than 3000 miles away. As a result, a great many quite large transactions were settled in coin. Most of the external trade of Cuba was in the hands of the British and Americans of all kinds, both from the United States and from Latin America." - Henry Hobhouse, Seeds of Change: Six Plants That Transformed Mankind (Get the book.)

"He told me, "You ask why, if you believe there's an important role for a regulated banking system, do you allow a non-regulated banking system to continue? The answer is, it's in the interests of some of the moneyed interests to allow this to occur. It's not an accident; it could have been shut down at any time." New York District Attorney Robert Morgenthau told me, "Years ago, when I was tracing black-market money coming out of Vietnam through Hong Kong to Manufacturers Hanover in New York and then the Union Bank in Switzerland, I subpoenaed the records of an account code-named 'Shotgun." - The Disinformation Company, Everything You Know Is Wrong: The Disinformation Guide to Secrets and Lies (Get the book.)

"The same hybrid bloodlines are still in the positions of power today as political leaders and those who control the banking system, transnational corporations, media etc., hence the 'royal' genetic background to the dynasty of United States presidents from Washington to Bush. Babylon, in modern-day Iraq, is a crucial part of the story of the Illuminati and their bloodlines because it was once one of their ancient strongholds. The hybrid bloodlines expanded out of Babylon, Sumer, Egypt and elsewhere to rule not only Rome (thus the Roman Empire), but the whole of Europe." - David Icke, Icke David, Infinite Love Is the Only Truth: Everything Else Is Illusion (Get the book.) "Their banking system controls governments, commerce and people by lending money that doesn't exist and Figure 4: Money is merely debt; and even 'cash' is only an IOU promising to pay at some time in the 'future'. It is there for all to see on British banknotes charging interest on it. What we call money is only debt being passed around as cheques, wire transfers, credit and even 'cash'. What we call cash is not money; it is debt. Money is created by issuing credit - a debt - and no matter what form this credit may subsequently take (cash, cheques, whatever) it is always recycling debt." - David Icke, Icke David, Infinite Love Is the Only Truth: Everything Else Is Illusion (Get the book.)

"The Federal Reserve Act (1913) created a national banking system designed to bring greater stability to banking and the money supply The Clayton Antitrust Act (1914) supplemented and strengthened the Sherman Act of 1890 by defining a series of specific "unfair methods of competition," making corporate officers liable for illegal actions, and exempting labor unions from antitrust lawsuits. The Federal Trade Commission (FTC) was established to enforce these antitrust measures." - The New York Times, The New York Times Guide to Essential Knowledge: A Desk Reference for the Curious Mind (Get the book.) "Because the system is a fractional reserve system, total deposits in the banking system fall by a multiple of the amount of securities sales. This contraction of the money supply raises interest rates, and thus acts to restrain interest-sensitive economic activity such as investment and housing starts. The result is to reduce aggregate demand, and thus reduce inflationary pressure on prices. Discount Rate Changes In discount rate changes, the Fed raises or lowers the interest rate it charges for short-term loans to member banks (to cover temporary shortfalls in their reserves)." - The New York Times, The New York Times Guide to Essential Knowledge: A Desk Reference for the Curious Mind (Get the book.) "Fractional Reserves and the Money Supply The banking system in the United States is a fractional reserve system. Banks are not required to hold all their deposits as reserves; the Fed requires only that banks hold a certain proportion of their obligations as reserves, and the rest can be lent out at interest. For example, if a bank has $100 in deposits and the reserve requirement is 10 percent, then the bank is required to hold only $10 in cash; the remaining $90 can be lent out." - The New York Times, The New York Times Guide to Essential Knowledge: A Desk Reference for the Curious Mind (Get the book.) "In the United States the banking system operates through the Federal Reserve System (the "Fed"), a group of 12 regional banks chartered in 1913. It is governed by a seven-member board of governors, appointed by the president with the consent of the Senate. Because of the importance of monetary policy, the chairman of the board of governors is one of the most important economic officials in the country. Although legally a corporation owned by the commercial banks that are members of the system, in fact the Fed operates as an independent public agency in the United States." - The New York Times, The New York Times Guide to Essential Knowledge: A Desk Reference for the Curious Mind (Get the book.)

"In Woodrow Wilson's presidency, the Federal Trade Commission was introduced to control the growth of monopolies, and the Federal Reserve Act to regulate the country's money and banking system. Under Taft were proposed the Sixteenth Amendment to the Constitution, allowing a graduated income tax, and the Seventeenth Amendment, providing for the election of Senators directly by popular vote instead of by the state legislatures, as the original Constitution provided." - Howard Zinn, A People's History of the United States: 1492 to Present (Get the book.)

"These are the families that control governments, the banking system, transnational corporations, oil and pharmaceutical cartels, world media, intelligence agencies, police forces and even what is taught in the schools and universities." - David Icke, Icke David, Infinite Love Is the Only Truth: Everything Else Is Illusion (Get the book.)

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