Posts Tagged ‘josiah stamp’

Josiah Stamp: Pay Slavery Cost

Posted by admin on Sunday, June 7, 2020

Josiah Stamp Money Quote saying that banks enslave society by controlling their access to and cost of capital. Josiah Stamp said:
 
If you want to continue to be slaves of the banks and pay the cost of your own slavery (and enslavement), then let the bankers continue to create money and control credit Quote
 

“If you want to continue to be slaves of the banks and pay the cost of your own slavery (and enslavement), then let the bankers continue to create money and control credit” — Josiah Stamp

 

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In this quote, Josiah Stamp seems to be strongly criticizing the private control of money creation and credit by banking institutions. By stating that if people want to “continue to be slaves of the banks and pay the cost of your own slavery”, Stamp implies that allowing banks alone to determine monetary policy effectively subjects the populace and economy to the banks’ priorities and profit motives.

His reference to paying “the cost of your own slavery” conveys Stamp’s perspective that the population funds its own subjugation by permitting banks to dominate financial systems for private gain.

Overall, the harsh language suggests Stamp viewed exclusive bank authority over currency as deeply problematic, giving private entities undue power over nations by monopolizing monetary functions for self-interest rather than public benefit. Stamp appears to be advocating for curbing banks’ control of money and credit to protect self-determination and shared prosperity.

Josiah Stamp: Manufacture Money

Posted by admin on Wednesday, April 22, 2020

Josiah Stamp Money Quote saying banks create money by loaning money that belongs to others. Josiah Stamp said:
 
The modern banking system manufactures money out of nothing Quote
 

“The modern banking system manufactures money out of nothing” — Josiah Stamp

 

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In this quote, Josiah Stamp seems to be criticizing how the fractional reserve banking system allows banks to lend and create money in excess of the actual cash reserves they hold on deposit. By stating that the “modern banking system manufactures money out of nothing”, Stamp implies that banks can effectively generate new money by issuing loans without having equivalent funds fully deposited by customers first.

The quote conveys Stamp’s perspective that banks introduce new money into circulation through lending activities beyond what they have physically on hand, in a way that resembles money creation. Overall, Stamp appears to be arguing that the nature of fractional reserve banking permits the financial system to expand the overall money supply through lending practices that some view as a form of indirect money printing, since new funds are generated without equivalent hard assets to back them fully.

Josiah Stamp: Bankers Own The Earth

Posted by admin on Thursday, July 16, 2015

Josiah Stamp Money Quotation saying creation of money is controlled entirely by banks by manipulating their ledger to make it all from scratch. Josiah Stamp said:
 
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 money, and with the flick of the pen they will create enough deposits to buy it back again Quote
 

“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 money, and with the flick of the pen they will create enough deposits to buy it back again” — Josiah Stamp

 

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Josiah Stamp seems to be criticizing the power of banks, particularly their ability to create money through lending. He argues that banking originated from unethical means and practices.

Stamp suggests that bankers effectively own and control the world’s wealth since they can use credit and money creation to buy back any assets taken from them.

His remarks portray the money creation role of banks as giving them undue influence over the economy, since a “flick of the pen” is enough for them to generate the deposits (money) needed to regain control of seized property and assets.

Overall, Stamp appears to believe banks wield too much power and influence in the financial system through their ability to extend credit and create money out of thin air.

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