A Quote by Woodrow Wilson

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.

Woodrow Wilson

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Action Activities Check Chill Concentrated Controlled Credit Destroy Economic Economic Freedom Even Few Few Men Freedom Genuine Great Growth Hands Honest Industrial Intended Interest Involved Limitations Men Money Nation Necessarily Our Own Privately Public Public Interest Reason System Therefore Undertakings Very Which

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Woodrow Wilson
American - President
December 28, 1856 - February 3, 1924

I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are 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 civilized world - no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.

Woodrow Wilson

I am a most unhappy man. I accidentally ruined my country. A great industrial nation is now controlled by its system of credit. Our government is no longer based on the freedom of opinion, nor on the conviction and the majority decision, it is now a government which is subjected to the conviction and the compulsion of a small group of dominant men.

Woodrow Wilson

In these sacred documents are embodied eternal principles that no man, group of men, or nation has the right to withhold from others. Here is our basis for freedom of individual achievement. Our Constitution with its Bill of Rights guarantees to all our people the greatest freedom ever enjoyed by the people of any great nation. This system guarantees freedom of individual enterprise, freedom to own property, freedom to start one's own business and to operate it according to one's own judgment so long as the enterprise is honorable.

Ezra Taft Benson

The smaller man approaching our modern banking system, which controls all issue of credit and therefore pretty well all our industrial and commercial activities, is not what the controllers of that credit call "interesting." He borrows with difficulty and upon high terms, and must pledge security out of all proportion to that which his richer rival has to put down.

Hilaire Belloc

In the first place, it is obvious that not only is wealth concentrated in our times but an immense power and despotic economic dictatorship is consolidated in the hands of a few, who often are not owners but only the trustees and managing directors of invested funds which they administer according to their own arbitrary will and pleasure. This dictatorship is being most forcibly exercised by those who, since they hold the money and completely control it, control credit also and rule the lending of money.

Pope Pius XI

The growth of our nation and all its activities are in the hands of a few men.

Woodrow Wilson

The Fed's organization reflects a long-standing desire in American history to ensure that power over our nation's monetary policy and financial system is not concentrated in a few hands, whether in Washington or in high finance or in any single group or constituency.

Jerome Powell

There is one bit of advice given us by the ancient Greeks, and by the Jews in the Old Testament, and by the great Christian teachers of the Middle Ages, which the modern economic system has completely disobeyed. All these people told us not to lend money at interest; and lending money at interest - what we call investment - is the basis of our whole system.

C. S. Lewis

From the inception of our nation our American ancestors intended for the United States to operate under a precious-metals monetary system or, more specifically, under a monetary system in which people used gold and silver coins rather than paper money as the media of exchange.

Jacob G. Hornberger

We see the Jew, then, in business, as promoter, money-lender, salesman par excellence, the author and chief instigator of a system of credit by which a nation-wide usury rises like a Golem (a created monster) with a million hands on a million throats, to choke the honor and the freedom-of-movement of a hard-working people.

Samuel Roth

If we are looking for one single action which will enable the poor to overcome their poverty, I would go for credit. Money is power. I have been arguing that credit should be accepted as a human right. If we can come up with a system which allows everybody access to credit while ensuring excellent repayment - I can give you a guarantee that poverty will not last long.

Muhammad Yunus

We will walk on our own feet; we will work with our own hands; we will speak our own minds... A nation of men will for the first time exist, because each believes himself inspired by the Divine Soul which also inspires all men.

Ralph Waldo Emerson

The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited, if there is any feasible alternative. There is no need for such arbitrary power... Any system which gives so much power and so much discretion to a few men, [so] that mistakes - excusable or not - can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic - this is the key political argument against an independent central bank.

Milton Friedman

I don't think Congress, in general, has done a good job articulating to the American public how inextricably linked our credit markets are to our entire economic system.

Walker Stapleton

One of the challenges over the last decade is America has done experiments in nation building in places like Iraq and Afghanistan and we've neglected, for example, developing our own economy, our own energy sectors, our own education system. And it's very hard for us to project leadership around the world when we're not doing what we need to do.

Barack Obama

The power of collecting money from the people is not to be rejected because it has sometimes been oppressive. Public credit is as necessary for the prosperity of a nation as private credit is for the support and wealth of a family.

Oliver Ellsworth

A Quote by Woodrow Wilson

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