Six words to expose the scam

Posted: November 1st, 2009 by Militant Libertarian

by Joanne Nova
Banks want us to trade carbon.

Years from now historians will write about gullible leaders who go down in history as the ones who sold their nations to Goldman Sachs. Fools who thought they might look important trying to save the planet, but who instead were negligent, ignoring the science and slavishly committing their productive workers to pay tribute to a parasitic layer of financial houses.

Just as Woodrow Wilson came to bitterly regret setting up the US Federal Reserve. Josiah Stamp (1880-1941, Director of the Bank of England) warned us.

“Banking was conceived in iniquity
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 cost of your own slavery,
let them continue to create deposits.”

Josiah Stamp was the second richest man in England. He, his wife and eldest son were killed in their home by a bomb in the London blitz in 1941.

Why do so many people lie down and ask banks to rob them?
Ask not why the bankers do what they do, but why we allow them to do it.

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Comments (3)


  1. David Z says:

    I see this quotation attributed to Jos. Stamp often enough, but nobody I know has ever been able to document its true source. Color me skeptical.

  2. Militant Libertarian says:

    It's probably not genuine and originates here:

    The point is made, however, about the true evil of banking.

  3. David Z says:

    Agreed. Whether Stamp ever made that statement does not affect reality: banking as we know it is evil. I don't have any real complaints :) I was just hoping that maybe someone had fished through the circle-jerk of links on teh interwebzes and actually found the source!

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