"I am afraid that the ordinary citizen
will not like to be told that the banks
can and do create and destroy money.
And they who control the credit of a nation
direct the policy of governments, and
hold in the hollow of their hands
the destiny of the people." | by: | Reginald McKenna
(1863-1943) British Secretary to the Treasury (1903), President of the Board of Education (1907–08) First Lord of the Admiralty (1908–1911), Home Secretary (1911–1915) and Chancellor of the Exchequer (1915–1916), and Chairman of the Midland Bank (1918) |
Source: | speaking in 1924 |
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