"Our whole system of banks is a violation of every honest principle of banks. There is no honest bank but a bank of deposit. A bank that issues paper at interest is a pickpocket or a robber. But the delusion will have its course. ... An aristocracy is growing out of them that will be as fatal as the feudal barons if unchecked in time."
by:
John Adams
(1735-1826) Founding Father, 2nd US President
Source:
John Adams to Benjamin Rush: Dec. 27, 1810
Rating:
Categories:
 
Bookmark and Share  
Reader comments about this quote:
We hold this truth to be self evident ! ! ! History is replete with that which proves the quote over, and over, and over again. That I could rate this with innumerable stars a countless number of times. The examples pickpocket or robber were exceedingly kind. The whole system of banks has become one of the occupying statist theocracy infesting this land's spear heads of destruction.
 -- Mike, Norwalk     
  •  
    A question, if you borrow a dollar with interest from the only game in town (the Federal Reserve) and want to pay it back, where do you get the interest to pay it back ? Oh, you have to borrow that at interest - I see. The great delusion will have to run its course and the patrons (as well as all else) will suffer.
     -- Mike, Norwalk     
  •  
    Unfortunately, the Banksters now own us.

    Sad day for Americans and America.

    Semper Fi.

    B
     -- bruski, naples FL     
  •  
    We need more like him.
     -- neosandy, corpus christi tx     
  •  
    Nice going Mike. Politicians are usually lawyers and sometimes bankers, but when you get both for the price of one, you've got real trouble.
     -- jim k, austin tx     
  •  
     -- jim k, austin tx      
    To practice usury upon, those of your own, brings about the eventual destruction of your own foundation. The banksters own no more than you think they do. They come to realize, the shakiness, they have created. Thirteen guiding principals. ref: The Rock.
     -- Ron w13, Or     
  •  
     -- Ron w13, Or      
    Right on Mike! And, what a breath of fresh air that we don't have Waffler interjecting with some convoluted and ridiculous statement to countermand your realistic and proven statement in regards to fiat paper money.
     -- Mary - MI     
  •  
    Man, oh, man. Right on the money!! Here we are today, as the delusion kicks into high gear.
     -- E Archer, NYC     
  •  
     
    Rate this quote!
    How many stars?
    0
    1
    2
    3
    4
    5

     
    What do YOU think?
    Your name:
    Your town:
        CLICK JUST ONCE!

    More Quotations
    Get a Quote-A-Day! Free!
    Liberty Quotes sent to your mail box.
    RSS Subscribe
    Quotes & Quotations - Send This Quote to a Friend

    © 1998-2019 Liberty-Tree.ca