“This is modern economy. Is it not? A laborer, a worker, is given high salary, high wages. So what he is getting? It is paper. And he is very enthusiastic to give his labor. So production is more. And when you go to purchase the products, then you have to pay again. Whatever you have earned, you have to pay everything, pay to the bank or pay to the man. Simply cheating process is going on.”
Who controls government purse strings?

Cheating propensity in everyone

source: http://www.hansadutta.com/ART_WSP/money180209.php

Financial Blogorama Feb 3, 2009 – Quotes on the danger of banking: Some Quotes from People Who Understood the Problem (taken from an article by Matthias Chang on “The Shadow Lenders”)

Napoleon Bonaparte: “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”

Niccolo Machiavelli: “For the great majority of mankind are satisfied with appearances as though they were realities, and are often more influenced by the things that seem than by those that are.”

President James Madison: “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control of governments by controlling money and its issuance.”

President Abraham Lincoln: “The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy.”

President James A Garfield: “Whoever controls the volume of money in any country is absolute master of all industry and commerce.”

The Rt. Hon. Reginald McKenna – Chancellor of the Exchequer: “ I am afraid that the ordinary citizen will not like to be told that the banks can, and do, create money. The amount of money in existence varies only with the action of the banks in increasing and decreasing deposits and bank purchases. Every loan, overdraft, or bank purchase creates a deposit and every repayment of a loan, overdraft or bank sale destroys a deposit. 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.”

Sir Josiah Stamp – Bank of England: “Banking was conceived in inequity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the costs of your own salary, let them continue to create deposits.”

President Woodrow Wilson: “ A great Industrial nation is controlled by its system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world – no longer a government of free opinion, no longer a government by conviction and vote of majority, but a government by the opinion and duress of small groups of dominant men…I am a most unhappy man. I have unwittingly ruined my country (Wilson regrets after the Fed took over).”

Supreme Court Justice Felix Frankfurter: “ The real rulers in Washington are invisible and exercise power from behind the scenes.”

Louis T. McFadden, Chairman of Banking & Currency Committee, in 1932: “The truth is the Federal Reserve Board has usurped the Government of the United States. It controls everything here and it controls all our foreign relations. It makes and breaks government at will …”

McFadden, in 1933: “Roosevelt has brought with him from Wall Street James P. Warburg, son of Paul M. Warburg, Organizer and first Chairman of the Board of the Federal Reserve System…”

McFadden, in 1950: “This same Warburg had the audacity and arrogance to proclaim before the U.S. Senate: ‘We shall have World Government whether or not we like it. The only question is whether World Government will be achieved by Conquest or Consent’.”

Senator Barry Goldwater: “Most Americans have no real understanding of the operation of the international money-lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States.”

Henry Ford: “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

Benjamin H. Friedman, Letter to Dr. David Goldstein dated October 10, 1954: “The history of the world for the past several centuries and current events at home and abroad confirm the existence of such a conspiracy (to destroy Christianity and obtain global power). The world-wide net-work of diabolical conspirators implements this plot against the Christian faith while Christians appear to be sound asleep. The Christian clergy appear to be more ignorant or more indifferent about this conspiracy than other Christians … It seems so sad.”

Cheaters and the Cheated

excerpt from conversation with disciples, Los Angeles, Dec 31, 1973

PRABHUPADA: It is very simple. Don’t accept paper currency. It must be gold or some metal worth. Just like one dollar, it must be worth one dollar metal. Then it is solved. But they want to cheat. How it can be solved? Because if I pay you one dollar, I must pay you value for one dollar. But it is the cheating process is going on, “I pay you one dollar, a piece of paper. That’s all.” So you accept cheating, and I also cheat. Government allows. So how the problem can be solved? It is cheating. But the government allows it as law. And you accept, I accept. Then how they can be solved, solution? This is the solution.

PRAJAPATI: In the economy itself there isn’t actually enough money to, that’s even in the banks…

PRABHUPADA: That is cheating. Therefore I say cheating. I have no money. I give you simply paper. I promise to pay hundred dollars. What is the use of that promise if I have no money? But you want to be cheated. I cheat you. That’s all. You are satisfied of being cheated by me; so I take the advantage and I cheat you. I give you a paper. That’s all.

BAHULASVA: Real money is gold and silver.

PRABHUPADA: Any… It must be value. According to the market price, it must be value. Whatever it may be. Gold is taken, because gold is the most valuable metal. A small piece of gold, it can carry two hundred dollars. But if I give you iron, then you have to bring another, what is called, bus, to carry it. [laughter] So therefore gold standard is accepted everywhere. There is a standard price of gold, so when I pay you money, it must be, carry the value in gold. That’s all. Then there is no inflation. The people want to be cheated, and people cheat. That’s all.

BAHULASVA: In the Srimad-Bhagavatam , Prabhupada, you say that Kali became gold standardized.

PRABHUPADA: That is another point. That one who has gold, he can purchase these four kinds of sinful activities: meat-eating, gambling, intoxication, illicit sex. If you have money, you can get illicit sex from big, big quarters. Is it not?

KARANDHAR: Yes.

PRABHUPADA: Yes. The sinful activities have increased because the world has produced too much wealth. Because they can purchase sinful activities. And that is being increased by inflation. False money I have got, and with that false money I can purchase all this illicit sex, wine, intoxication, and… It is just like nowadays, bank is giving you a card, “Americard…” What is that?

KARANDHAR: Charge card. Bank Americard.

PRABHUPADA: Ah. So you simply show the card, you get the goods. So to exchange, it has become very cheap. So cheaply you can purchase. Therefore cheaply you can purchase sinful things also. The people are becoming sinful. The modern economy is, “Engage people in hard working to produce, and by artificial cheating, secure the goods, commodities.” This is modern economy. So a worker is getting three thousand dollar per month, but he is getting paper. But he is thinking that “I am getting money.” He is giving his labor, and things are being produced. This is the policy. “Cheat him. Without giving money, give him paper, and get his labor, and produce goods.” This is modern economy. Is it not? A laborer, a worker, is given high salary, high wages. So what he is getting? It is paper. And he is very enthusiastic to give his labor. So production is more. And when you go to purchase the products, then you have to pay again. Whatever you have earned, you have to pay everything, pay to the bank or pay to the man. Simply cheating process is going on. There is no solution. People are cheaters. They have been taught how to cheat. Everyone has got a cheating propensity. That is conditioned life. Four defects: to commit mistake, to become illusioned, to cheat and imperfectness of the senses. So cheating propensity everyone has got. So that cheating propensity is being encouraged more and more. Instead of minimizing it or stop it, it is being encouraged.