"A great industrial nation is controlled by its system of credit.
Our system of credit is privately concentrated.
The growth of the nation, therefore, and all our activities
are in the hands of a few men who, even if their action be honest
and intended for the public interest, are necessarily concentrated
upon the great undertakings in which their own money is involved and
who necessarily, by very reason of their own limitations,
chill and check and destroy genuine economic freedom."
by:
Woodrow Wilson
(1856-1924) 28th US President
Date:
1913
Source:
in his book, The New Freedom: A Call For the Emancipation of the Generous Energies of a People, chapter 8
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Reader comments about this quote:
ITS A GREAT QUOTE TO BAD HE SOLD US OUT BY ALLOWING THE SCUM FEDERAL RESERVE TO BE INCEPTED BACK THEN!
 -- ERIC     
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    Thumbs down for what its done to this nation, 5 stars for accuracy.
     -- Mike, Norwalk     
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    Sure Woodie, what we needed was a system of credit that was governmentally concentrated without any limitations, checks or balances instead, who grant economic freedom to irresponsible people so they can malinvest and bring the whole thing crashing down. Credit is highly overrated. I prefer to earn it before I spend it. Maybe we should bring back debtors' prisons.
     -- Bryan Morton, Stuart, FL     
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    A good quote from a man who took us into World War One, a war we should not have been in.
     -- jim k, austin     
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    FIve stars for the truth; however, Wilson was duped -- this phrase was in praise of the Act that would create the Federal Reserve System. Little did he know the very wolves he was speaking about wrote the legislation that secured their 'money trust' forever. Like most presidents since then, he was a puppet for those with real wealth and power.
     -- E Archer, NYC     
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    I'm not convinced he was tricked. The puppets know the puppet masters intimately... or maybe he was just a dumb person. The only two options are Dumb or Accepting?
     -- Nick, Chattanooga, TN     
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    5 stars for the guts to confess this tragic sellout of the property of Americans. A courage no longer seen in the hyped selectmen that currently occupy the seats of public servants.
     -- John, Albuquerque, NM     
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    Actually, he was expressing regret over being swayed by the big bankers>>J.P. Morgan, et al.
     -- Tim, Ann Arbor, MI     
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