Quotes on Banking

“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”
Thomas Jefferson (America’s Father of Nation and Author of Christian Bible called The Jefferson Bible)
“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.”
Henry Ford (Founder of Ford Motor Company)

“I believe that banking institutions are more dangerous to our liberties than standing armies.”
Thomas Jefferson  (America’s Father of Nation and Author of Christian Bible called The Jefferson Bible)


“Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good.” – John Adams (Former President and founder of USA)
“I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements.” – Thomas Jefferson (America’s Father of Nation and Author of Christian Bible called The Jefferson Bible)


“The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.” – Lord Acton (English Catholic historian, writer)
“Banking was conceived in iniquity and born in sin.” – Josiah Stamp (Industrialist, economist, civil servant, statistician, writer, and banker)

“My agency in promoting the passage of the National Banking Act was the greatest mistake of my life. It has built up a monopoly which affects every interest in the country.” –Salmon P. Chase (Chief Justice of the United States)

“The rich run a global system that allows them to accumulate capital and pay the lowest possible price for labour. The freedom that results applies only to them. The many simply have to work harder, in conditions that grow ever more insecure, to enrich the few. Democratic politics, which purports to enrich the many, is actually in the pocket of those bankers, media barons and other moguls who run and own everything.”
Charles Moore
“A great leader must serve the best interests of the people first, not those of multinational corporations. Human life should never be sacrificed for monetary profit. There are no exceptions.”
Suzy Kassem (American author, film director and philosopher)


Rather than justice for all, we are evolving into a system of justice for those who can afford it. We have banks that are not only too big to fail, but too big to be held accountable.”

Joseph E. Stiglitz

“The bank has benefit of interest on all moneys which it creates out of nothing.” — William Paterson  Founder of the Bank of England in 1694
“This institution (The Bank of North America), having no principle but that of avarice, will never be varied in its objective…to engross all the wealth, power and influence of the state.”
William Findlay of Pennsylvania

“Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.” — Andrew Jackson former US President

“You (the bank)are a den of thieves and vipers, and I intend to rout you out, and by the Eternal God, I will rout you out.” — Andrew Jackson Former US President


“A power has risen up in the government greater than the people themselves, consisting of many and various powerful interests, combined in one mass, and held together by the cohesive power of the vast surplus in banks.”— John C. Calhoun  American statesman

“I do not think you can trust bankers to control themselves. They are like heroin addicts.” — Charlie Munger, vice chairman of Berkshire Hathaway