"The process by which banks create money is so simple that the mind is repelled."

“That is what our money system is. If there were no debts in our money system, there wouldn’t be any money.”

"Whoever controls the volume of money in our country is absolute master of all industry and commerce...and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate."

"The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government's greatest creative opportunity."

"Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of sovereignty of Parliament and of democracy is idle and futile...Once a nation parts with its control of its credit, it matters not who makes the nation's laws...Usury once in control will wreck any nation."

A cartoon explanation of the banking system:
http://video.google.com/videoplay?docid=-9050474362583451279

Labels: bonds, Credit, Economics, investing, Public Policy, The FED