Saturday, December 03, 2005

Manufacturing Money - Lord Josiah Stamp

The modern banking system creates money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the earth; take it away from them, but leave them with the power to create credit, and with the stroke of a pen they will create enough money to buy it back again ... If yo want to be slaves of the bankers, and pay the costs of your own slavery, then let the banks create money.

Lord Josiah Stamp, former Director Bank of England, cited in The Grip of Death, p.35

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